Bank Pasargad

Bank Pasargad
The Millennium Bank
Presentation as at 21 Dec. 2014
No. 430, Mirdamad Blvd., Tehran 1969774511, Iran
Tel: (+9821) 82891575; Fax: (+9821) 88649521 - website: www.bankpasargad.com
- SWIFT: BKBPIRTH
Index
BANK PASARGAD
The Millennium Bank
History
1
Assets and Liabilities Structure
16
Introduction
2
Total Owners’ Equity Growth
17
Vision
3
Net Credit Facility Granted
18
Mission
4
Key Performance Measures
19
Major Shareholder
5
Financial Ratios
20
Shareholders
6
Deposits
23
Organizational Chart
7
International Operations
24
Executive Board Members
8
Competitive Advantages
29
Facts and Figures
9
Social Responsibilities
30
Subsidiaries and Affiliates
10
Awards and Achievements
31
Branches
11
Key Contacts
32
Electronic Banking Services
12
Human Capital
13
Financial Results
14
Total Asset Growth
14
Total Liabilities Growth
15
History
BANK PASARGAD
The Millennium Bank
Sept. 2005
Banking operation's license No. H/2849 granted by the Central Bank of Iran
Dec. 2006
License for full international banking operations granted by the Central Bank of Iran
Aug. 2011
Shares were listed in Tehran Stock Exchange
1
Introduction
BANK PASARGAD
The Millennium Bank
Bank Pasargad is a full licensed bank in Iran providing a wide range of banking services in both
local and foreign currencies in compliance with international and local laws and regulations.
Attention to quality of service, dedication of both management and staff, high banking standards
and observation of international principles are few reasons for which Bank Pasargad has achieved
significant milestones in its brief history.
Bank Pasargad share of Iranian banking market (as of 21 Dec. 2014):

Deposits: 15.66% , second among private banks,

Facilities Granted: 19.80%, second among private banks,

Letters of Credit: 50.66 %, first among private banks,

Guarantees: 10.30%, third among private banks,

Investment: 19.47%, second among private banks.
2
Vision
BANK PASARGAD
The Millennium Bank
Our Vision
To become the best financial services company in the Middle East banks and to be
ranked among the world’s top 500 corporations.
We will do so by:
Adherence to our core values and principles so fundamental for our success,
Sustainability of development and growth in both domestic and international markets,
Commitment to innovation, customer satisfaction, value creation and sound investment decisions,
Providing a full range of banking and financial services for private, corporate and government clients.
3
BANK PASARGAD
Mission
The Millennium Bank
Our Mission Statement
Our mission is to realize high returns and further prosperity for our
stakeholders by assuring a continuous and sustainable growth for the bank
and by having an impact on the growth of the national economy,
To remain committed in assisting companies to grow both domestically and
internationally, enabling businesses to thrive and economies to prosper,
To fulfill our corporate social responsibilities and remain faithful to our core
values of honesty, integrity and creativity,
To always remain a fully “customer-focus” financial institution by relying on
a rich organizational culture and sound fundamental values.
4
BANK PASARGAD
Major Shareholder
The Millennium Bank
Pars Aryan Investment Company (“PAIC”) holds 9.99819% of Bank Pasargad’s shares. PAIC is a
private investment company whose shareholders are from different sectors of the economy and
social classes such as: private individuals, investment funds, EPC companies, pension funds,
construction and development companies, auto industry, and working professionals namely elite
physicians, university professors and lawyers, whose presence as founders was an added value to
the group. The initial capital of PAIC at the time of takeover was IRR 1,000 billion, increased to
IRR 8,280 billion.
Major shareholders and their respective holdings as at 21 Dec. 2014 were as follows:
Type
No. of Shareholders
No. of Shares (Million)
% Ownership
Real Entity
50,459
6,359
21.20
Legal Entity
427
23,641
78.80
50,886
30,000
100
Total
5
BANK PASARGAD
Shareholders
The Millennium Bank
Bank Pasargad is a private bank consisting of private individuals and legal entities.
Shareholders Structure
9.99819%
4.9449%
4.8449%
Pars Aryan Investment Co.
Saman Majd Investment Co.
80.21%
Tamin Atieh Pasargad Financial
Group Human Resources Co.
Others
6
BANK PASARGAD
Organizational Chart
The Millennium Bank
Credit Risk Sub-committee
Supervisory Risk
Management Committee
General Assembly
Nomination Committee
Legal Auditors
Crisis & liquidity Risk
Sub-committee
Strategy Committee
Board of Directors
Operational Risk subcommittee
Audit Committee
Market Risk Sub-committee
Credit Committee
Human Capital
Development High
Committee
Technology & IT
Committee
Recruitment
Committee
Managing Director
Innovation Committee
Disciplinary
Committee
Vice- Managing
Director
Executive Board
Public Relations Management
Managing Bureau
Dept.
Foreign Investment and Asset
Affairs Management
Anti-Money Laundering
Dept.
Internal Audit & Inspection
management
Marketing & Advertisement
Committee
Assets & Liabilities Management
Committee
Private & Corporate
Banking Dep.
Consultants
Human
Capital
Development
Mgmnt.
R&D
&Marketing
affairs
Mgmnt.
Legal Affairs
Mgmnt.
General Assembly
& Subsidiaries
planning Mgmnt
Investment &
participation
Dept.
Properties
and Estate
Dept.
Deputy
Deputy
Logistics
Mgmnt.
Deputy
Plan and
program
affairs
Mgmnt
Branch
Affairs
Mgmnt.
Deputy
IT Mgmnt
Financial
& Treasury
Mgmnt.
Deputy
FOREX
Operations
Mgmnt.
International
Affairs
Mgmnt.
Deputy
Credits &
Loans
Mgmnt.
Deputy
Risk Mgmnt
Dept.
Economic and
Banking
Studies Dept.
7
BANK PASARGAD
Executive Board Members
Majid Ghassemi
Vice Chairman & Managing Director
Former Governor of the Central Bank
of Islamic Republic of Iran
Tel: (+9821) 82891001
Fax: (+9821) 88649521
Email: m.ghassemi@bankpasargad.com
Ahmad Vadidar
Board Member & Chief Executive Officer, in
Charge of Bank’s Branches
& Planning Affairs
Tel: (+9821) 82891012
Fax: (+9821) 88649234
Email: a.vadidar @bankpasargad.com
The Millennium Bank
Zabihollah Khazaei
Board Member & Chief Executive
Officer
in Charge of Financial & IT Affairs
Tel: (+9821) 82891019
Fax: (+9821) 88649234
Email: z.khazaei@bankpasargad.com
Mr. Mohammadreza Hajian
Chief Executive Officer
Tel: (+9821) 82891041
Email: m.hajian @bankpasargad.com
Kamran Ekhtiar
Board Member & Chief Executive Officer, in
Charge of Loan & Credit Affairs
Tel: (+9821) 82891017
Fax: (+9821) 88649234
Email: k.ekhtiar @bankpasargad.com
Mr. Gholam Hossein Vahidnia
Board Member & Chief Executive Officer, in
Charge of Bank’s Logistic Affairs
Tel: (+9821) 82891015
Fax: (+9821) 88649234
Email: gh.vahidnia @bankpasargad.com
8
Facts & Figures
BANK PASARGAD
The Millennium Bank
Capital Changes:
Our Unique Success in the History of Iranian Economy:
Capital Changes
Billion IRR
Total (Billion IRR)
Initial Capital (2005)
3,500
3,500
Capital Increase (2007)
1,750
5,250
Capital Increase (2008)
1,750
7,000
Capital Increase (Nov 2009)
700
7,700
Capital Increase (Nov 2010)
15,400
23,100
Capital Increase (13 March 2012)
4,158
27,258
2,742
30,000
12,000
42,000
Capital Increase (17 March 2013)
Capital Increase (Approved by
General Assembly on 22 July 2014)
9
Subsidiaries and Affiliates
BANK PASARGAD
The Millennium Bank
Pasargad Financial Group consists of the bank and 68 subsidiaries, active in the fields of:
Some of the Companies
•Insurance
•Stock Brokerage
•Investment
•Machinery Leasing
•Mining Industry
Bank's Share
%
Million IRR
Saman Sakht Aryan Co.
99.9
599,000
Pasargad Arzesh Afarinan Co.
97.99
1,960,000
Pasargad Leasing Co.
67
335,000
Pasargad Electronic Payment Co.
30
30,000
Bank Pasargad Brokerage Co.
49
49,000
Pasargad ICT Co. (FANAP)
49
588,000
Modaberan Sakht Aryan Co.
45
270,000
•Energy
Middle East Mabna Co.
43.8
999,000
Pasargad Insurance Co.
20
181,000
•Construction Leasing
Middle East Mines & Mineral Industries Development
Holding Co.
20
3,357,000
Pasargad Machinery & Equipment Leasing Co.
18
18,000
Pasargad Exchange Co.
90
180,000
3.91
60,000
•Construction Industry
Pars Aryan Investment PLC, as the
group's parent company is responsible
for control and management of the
financial group. This table shows the
banks’ main subsidiaries and affiliates as
per 21 Dec.2014:
Iranian Re-insurance Co.
10
Branches
BANK PASARGAD
The Millennium Bank
Bank Pasargad has successfully expanded its local network of branches in a
short period of time.
Item
2005- 2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
Number of
Branches
11
76
144
201
226
259
296
297
326
Number of
branches
350
300
250
200
150
100
50
0
11
Electronic Banking Services
BANK PASARGAD
The Millennium Bank
Virtual Banking Services,
Online Banking Services,
SMS Banking Services,
Telephone Banking Services,
Email Banking Services,
Mobile Banking Services,
Card Services Include:
 Student Card
 Cash Card
 Joint Card
 Health Card
 Family Card
 Shopping Card  Debit Cards
 Gift Card
 Credit Cards
 Travel Cards
12
Human Capital
BANK PASARGAD
The Millennium Bank
Bank Pasargad, pay special attention to employing highly qualified staff. Table below
demonstrates Bank's human capital for the headquarter and the branches according to their
educational background and degrees.
In order to upgrade the knowledge and skills of the bank’s employees with latest changes in the
global banking industry, Bank Pasargad continuously organizes in house training courses.
Human Capital
Work
Experience
Diploma &
Higher Diploma
University Graduate
Post Graduate
PHD
Total
0-10 years
49
2,658
437
1
3,145
10-20 Years
4
7
3
-
14
20-30 Years
2
2
1
1
6
246
136
26
9
417
301
2,803
467
11
3,582
Over 30 Years
Total
13
Total Asset Growth
BANK PASARGAD
The Millennium Bank
Since commencement of its activities, Bank Pasargad has experienced steady growth every year
Index
Fiscal Year
2007-08
Fiscal Year
2008-09
Fiscal Year
2009-10
Fiscal Year
2010-11
Fiscal Year
2011-12
Fiscal Year
2012-13
Fiscal Year
2013-14
As at
21 Dec. 2014
Total Assets
In Million IRR
56,965,020
95,025,056
122,632,927
179,227,880
221,808,446
297,081,643
377,270,230
401,379,083
158.1
66.8
29
46.15
23.76
33.94
26.99
6.4
Growth %
Asset IRR Mio
Total Assets (Million IRR )
450,000,000
400,000,000
350,000,000
300,000,000
250,000,000
200,000,000
150,000,000
100,000,000
50,000,000
0
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14 21 Dec.2014
14
Total Liability Growth
BANK PASARGAD
The Millennium Bank
Index
Total Liabilities
(Million IRR)
2007-2008
(fiscal year)
2008-2009
(fiscal year)
2009-2010
(fiscal year)
2010-2011
(fiscal year)
2011-2012
(fiscal year)
2012-2013
(fiscal year)
2013-2014
(fiscal year)
As at
21 Dec. 2014
49,868,529
84,895,130
110,279,215
147,840,477
183,391,948
251,985,304
324,014,852
340,141,292
181.16
70.24
29.90
34.06
24.05
37.40
28.58
4.98
Growth %
Liabilities IRR
Mio
Total Liabilities (Million IRR)
350,000,000
300,000,000
250,000,000
200,000,000
150,000,000
100,000,000
50,000,000
0
2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 21-Dec-14
15
Assets and Liabilities Structure
BANK PASARGAD
The Millennium Bank
Assets Combination as of 21 Dec.2014
0.59%
2.06%
2.46%
10.13%
Liabilities Combination as of 21 Dec.2014
4.13%
1.57%
0.45%
1.99%
1.87%
1.11%
1.42%
14.32%
2.95%
0.74%
3.89%
Cash
1,800,425m
Credit Facilities Granted
256,120,851 m
Intangible Assets
86.53%
63.81%
Inter-banks Accounts
Call Deposits
Term Deposits
9,946,851 m
292,183,345m
15,619,129m
Other Deposits
Saving Deposits
Due from Central Bank
13,928,530 m
4,802,759m
57,477,154 m
Investments
2,950,939 m
40,640,980 m
Other Liabilities and Accruals
Due to Central Bank
Participation Certificates
Accounts Receivable
3,762,986m
6,705,147m
Other Assets
Interest Payable (Depositors)
2,350,000 m
Fixed Assets
8,281,531m
9,853,964m
6,284,110m
6,328,581 m
16
Total Owners’ Equity Growth
BANK PASARGAD
The Millennium Bank
Total Owners’ Equity (Million IRR)
Owners’ Equity
(Million IRR)
70,000,000
61,237,791
53,255,378
60,000,000
45,096,339
50,000,000
38,416,498
40,000,000
31,387,403
30,000,000
12,353,712
20,000,000
10,000,000
7,096,491
4,337,896
10,129,926
0
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14 21-Dec-14
17
Net Credit Facility Granted
BANK PASARGAD
The Millennium Bank
Index
(Million IRR)
2006-2007
(fiscal year)
2007-2008
(fiscal year)
2008-2009
(fiscal year)
2009-2010
(fiscal year)
2010-2011
(fiscal year)
2011-2012
(fiscal year)
2012-2013
(fiscal year)
2013-2014
(fiscal year)
As at
21 Dec.
2014
Credit
Facilities
Granted
11,274,878
39,767,517
64,016,463
76,048,630
109,593,714
137,326,879
174,789,226
219,191,282
256,120,851
902
252.71
60.98
18.80
44.11
25.31
27.28
25.40
16.85
Growth %
Credit Facilities Granted ( Million IRR)
256,120,851
300,000,000
219,191,282
250,000,000
174,789,226
137,326,879
200,000,000
109,593,714
150,000,000
100,000,000
50,000,000
64,016,463 76,048,630
39,767,517
11,274,878
0
18
Key Performance Measures
BANK PASARGAD
The Millennium Bank
20th
March
2013
20th March
2014
As at
21 Dec. 2014
Performance
20th March
2007
19th March
2008
20th March
2009
20th March
2010
20th March
2011
20th March
2012
Operating
Income
( Million IRR )
2,140,040
6,746,680
12,963,796
19,977,730
24,807,338
32,370,948
44,443,056
58,115,003
51,520,982
Profit before Tax
( Million IRR )
857,368
1,679,670
2,446,123
3,548,255
6,309,426
10,159,820
14,189,140
16,870,289
8,883,166
Total Equity
( Million IRR )
4,337,896
7,096,491
10,129,926
12,353,712
31,387,403
38,416,498
45,096,339
53,255,378
61,237,791
Operating Income (Million IRR)
Profit before Tax (Million IRR)
Mar-07
Mar-07
Mar-08
Mar-09
Mar-10
Mar-11
Mar-12
Mar-13
Mar-14
2,140,040
6,746,680
12,963,796
19,977,730
24,807,338
32,370,948
44,443,056
58,115,003
Mar-08
Mar-09
Mar-10
Mar-11
Mar-12
Mar-13
Mar-14
857,368
1,679,670
2,446,123
3,548,255
6,309,426
10,159,820
14,189,140
16,870,289
19
Key Performance Measures
BANK PASARGAD
The Millennium Bank
20th
March
2007
IRR 228
19th
March
2008
IRR 310
20th
March
2009
IRR 335
(ROE) Return on Equity
18.41 %
22.91 %
23.15 %
26.65 %
27.66 %
(DPS) Dividend Per Share
IRR 175
IRR 200
IRR 220
IRR 300
Return on Assets (ROA)
3.62 %
2.85 %
2.47 %
Capital Adequacy Ratio
(Million IRR)
28.29 %
18.02 %
15.87 %
Performance
Earning Per Share (EPS)
20th March
2013
20th March
2014
IRR 441.6
IRR 522.3
28.18%
31.72%
31.86%
IRR 180
IRR 230
IRR250
IRR 320
2.75 %
4.02 %
4.91%
5.11%
4.65%
15.91 %
23.92%
23.12%
21.47%
19.11%
IRR 437.9
Dividend per Share (DPS) IRR
Mar-07
Mar-08
Mar-07
200
Mar-08
Mar-12
Mar-13
Mar-14
228.00
310.00
Mar-09
220
Mar-10
Mar-11
Earning per Share (EPS) IRR
175
Mar-09
20th
March
2012
IRR 262.53 IRR 360.85
20th March 20th March
2010
2011
300
Mar-10
Mar-11
180
Mar-12
230
Mar-13
250
320
335.00
Mar-14
437.90
262.53
360.85
441.60
522.30
20
Key Performance Measures
BANK PASARGAD
The Millennium Bank
Capital Adequacy Ratio ) % (
Return on Equity (%)
28.29
30
23.92 23.12
21.47
25
19.7
15.87
31.86
27.66 28.18
19.11
18.02
20
31.72
35
26.65
30
15.91
22.91
23.15
25
18.41
15
20
10
15
5
10
0
5
0
20th
March
2007
19th
March
2008
20th
March
2009
20th
March
2010
20th
March
2011
20th
March
2012
20th
March
2013
20th
March
2014
21
Financial Ratios
BANK PASARGAD
The Millennium Bank
The following table presents Bank Pasargad's main financial ratios:
Indices
March
2012
March
2013
March
2014
November
2014
15.91%
23.92% 23.12%
21.47%
19.11%
19.70% *
10.66%
10.07%
17.51% 17.32%
15.18%
14.11%
-
Facilities Granted to Equity
Deposits To Equity
6.32
8
6.15
8.67
3.49
4.53
3.87
5.28
4.11
5.74
-
Liquidity
Deposits to Assets
85%
86%
79.31% 77.14%
80.1%
81.03%
-
Asset Quality
Facilities Reserves to Total
Facilities Granted
2.32%
3.99%
3.79%
3.58%
3.58%
3.45%
-
Performance Ratios
Return on Equity
23.15%
26.65%
27.66% 28.18%
31.72%
31.86%
-
Facilities Composition
Facilities Granted to Total
Deposits
Facilities Granted to Total Assets
81%
71%
77.1%
80.25 %
73.45%
71.70%
-
67.37%
62.01%
61.15% 61.91%
58.83%
58.1%
-
Assets Growth
66.81%
29.05%
46.15% 23.76%
33.94%
26.99%
-
Deposits Growth
69%
31%
32.70% 20.38%
39.06%
28.46%
-
Facilities Growth
60.98%
18.80%
44.11% 25.31%
27.28%
25.40%
-
Total Income Growth
92.91%
54.10%
24.17% 30.49%
37.29%
30.76%
-
Net Profit Growth
Per Capita Income
44.24%
6,547
43.78%
8,085
79.84% 62.19%
8,842
10,389
34.67%
13,239
18.29%
16,671
-
34,932
40,137
47,685
52,634
67,482
84,749
-
28,345
30,116
38,213
43,809
53,781
65,020
-
Capital Adequacy Ratios
Growth
March
2009
March
2010
Capital Adequacy
15.87%
Equity to Assets
Efficiency Indices (Million Rials) Deposits to Human Capital
Facilities Granted to Human
Capital
* Based on Capital Increase approved by General Assembly on 22 July 2014
March
2011
3.57
4.45
22
BANK PASARGAD
Deposits
The Millennium Bank
Total deposits stood at IRR 327,190,066 Million as at 21 Dec. 2014 compared to IRR 305,688,986 Million as at 20 March
2014 showing an increase of 7.03 percent.
Description
Total
(Million IRR)
20th March
2010
20th March
2011
20th March
2012
20th March
2013
20th March
2014
As at 21
Dec.2014
108,684,411
144,745,976
173,865,805
237,957,554
305,688,986
327,190,066
Deposit Structure
Total Deposits Growth
Type
20th March
2010
20th March
2011
20th March
2012
20th March
2013
20th
March
2014
As at
21 Dec.
2014
16,759,491
9,946,851
Call
Deposits
4,928,493
Saving
Deposits
921,720
1,639,356
2,847,463
3,713,887
6,217,296
4,802,759
Term
Deposits
96,751,649
123,515,749
144,461,548
194,370,303
262,627,172
292,183,345
Other
Deposits
4,521,562
7,428,554
14,817,772
18,808,044
14,212,326
13,928,530
Return
on
Deposits
1,560,987
2,598,465
2,753,329
3,646,762
5,872,701
6,328,581
9,563,852
8,985,693
17,418,558
(Million IRR)
(Million IRR)
305,688,986
350,000,000
300,000,000
237,957,554
250,000,000
200,000,000
150,000,000
327,190,066
173,865,805
144,745,976
108,684,411
100,000,000
50,000,000
0
23
International Operations
BANK PASARGAD
The Millennium Bank
Foreign Exchange Major Operations
Bank Pasargad was granted license for full foreign exchange operations by CBI on
12th December 2006,
All branches of Bank Pasargad provide various foreign exchange services and accept
applications for issuing of letters of guarantees and documentary credits,
Bank Pasargad provides a vast array of high quality services to its customers..
24
International Operations
BANK PASARGAD
The Millennium Bank
Bank Pasargad's foreign exchange operations include:
Issuing documentary credits,
Documentary bills of exchange (Collections),
Advice and negotiation of export documentary credits,
Issuance of letters of guarantee in foreign currency,
Trade finance and project financing,
Opening and maintaining of individual and corporate accounts in
foreign currency,
Handling inward and outward payment orders in foreign currencies,
Collection of bills/cheques in foreign currency.
25
International Operations
BANK PASARGAD
The Millennium Bank
Summary of the International Trade services rendered by Bank Pasargad
is depicted in the following table:
(USD 1,000)
Description
Sight L/C
Deferred Payment L/C
Refinance L/C
Total Import L/C
Import Documentary Bills of
Exchange
March
2007
March
2008
March
2009
March
2010
March
2011
March
2012
62,094
387,438
628,933
255,505
119,594
240,738
500,817
684,065 1,897,313 2,025,648
38,158
311,854
393,760
272,665
219,846
940,030 1,523,510
March
2013
941,266 3,318,582 5,758,854
964,604
518,632
699,743
1,727
1,212,235 3,803,183 5,862,862 6,460,324
551,502
814,095
1,365,597
-
36,985
97,696
86,486
73,771
543
1,695
2,853
1,682
3,169
5,596
3,378
1,311
Guarantees Issued
12,247
26,250
86,712
242,000
282,000
241,747
92,874
120,577
Inward Payment Orders
32,648
77,542
626,737
1,195,609 1,173,059 1,070,479 1,335,687
475,659
339
37,094
240,252
831,784 1,994,749 1,603,033 3,256,592
Local L/C (IRR billion)
Outward Payment Orders
806,643 1,363,044
March
2014
1,475,677
2,637,609
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International Operations
BANK PASARGAD
The Millennium Bank
Total Import LCs (USD k)
5,862,862
5,758,854
6,000,000
5,000,000
3,803,183
4,000,000
3,000,000
1,523,510
2,000,000
1,212,235
1,365,597
940,030
1,000,000
219,846
0
20 March
2007
20 March
2008
20 March
2009
20 March
2010
20 March
2011
20 March
2012
20 March
2013
20 March
2014
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International Operations
BANK PASARGAD
The Millennium Bank
Payment Orders (USD k)
3,500,000
Guarantees Issued (USD k)
3,256,592
3,000,000
2,637,609
282,000
300,000
241,747
242,000
250,000
2,500,000
1,994,749
2,000,000
1,500,000
200,000
1,603,033
1,195,609
1,173,059
1,335,687
1,070,479
831,784
1,000,000
120,577
150,000
86,712
100,000
92,874
626,737
475,659
500,000
240,252
77,542
37,094
50,000
26,250
12,247
0
0
Inward Payment Orders
Outward Payment Orders
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Competitive Advantages
BANK PASARGAD
The Millennium Bank
Bank Pasargad's advantages are:
High quality products and excellent service,
Dedicated, talented and experienced human capital,
Geographically diversified network of branches, which enables supporting
customers’ requirements nationwide,
Issuing various credit and debit cards for different purposes,
Training sessions conducted to acquaint the bank's customers with effective use of
electronic services.
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Social Responsibilities
BANK PASARGAD
The Millennium Bank
Sponsorship of environmental project and investing in environmental educational courses,
Supporting different community events and projects,
Granting scholarship to first, second and third ranked applicants of the university entrance
examinations each year,
Establishment of Contemporary Visual Arts’ Museum on Oct 2009 and sponsorship of Art
projects,
Supporting National sport teams in international tournaments,
Organizing athletic contests ,and sport events within the banking industry,
Conducting of training sessions for customers to acquaint them with effective use of E-Banking
services,
ACCA, Grenoble & Nice university training courses within the Pasargad Group.
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Awards and Achievements
30th Among Top 100 Iranian companies as per latest assessment made
by Iran's Industrial Management Institute in fiscal year 2009,
BANK PASARGAD
The Millennium Bank
Highest Profit Increase among Iranian Banks,
No. 2 Iranian Private Bank by Tier 1 Capital in 2012,
Winner of Iran’s Green Bank Award in 2012,
Winner of the Banker’s Award as Bank of the Year 2010 , 2012 ,2013 & 2014 in Iran,
Winner of the Banker’s Award as Islamic Bank of the Year 2013 & 2014 in Iran,
Winner of EFQM silver trophy in 12TH organizational excellence forum in 2014,
Member of the Asian Bankers Association's Board of Directors,
Recognized by The Banker magazine:




Our World Ranking Among Top 1000 Banks in The Banker is 233,
1st highest mover bank in 2012 in Middle East,
9th highest mover bank in 2012 globally,
1st bank in Middle East and 16th globally in 2014 based on ROA.
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Key Contacts
BANK PASARGAD
The Millennium Bank
International Affairs Director
Foreign Exchange Operations Director
Mr. Mohammad Amir Davoud
Tel: 0098 21 82891575
Fax: 0098 21 88649521
E-mail: m.davoud@bpi.ir
M. Azizi@fx.bankpasargad.com
N.Jafari@fx .bankpasargad.com
Treasury
Mr. Sadegh Pourasghari
Tel: 0098 21 82891221
Fax: 0098 21 88649501
E-mail: s.pourasghari@bankpasargad.com
Tel: 0098 21 82891230
E-mail: m.azizi@fx.bankpasargad.com
Tel: 0098 21 82891229
E-mail: f.jamshidian@fx.bankpasargad.com
Payment Orders
E-mail: n.keshishi@fx.bankpasargad.com
Correspondent Banking
Tel: 0098 21 82891579
E-mail: m.asgharzadeh@bpi.ir
Guarantees
Tel: 0098 21 82891550
E-mail: k.ansari@fx.bankpasargad.com
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