Bank Pasargad

Bank Pasargad (Persian: بانک پاسارگاد, Bank Pasargad), also known as BPI, is a major Iranian bank offering retail, commercial and investment banking services. The company was established in 2005 as a part of the government's privatization of the banking system.[1]

35°45′44″N 51°24′57″E / 35.7622°N 51.4158°E / 35.7622; 51.4158

Bank Pasargad
Company typePublic
TSE: BPAS1
ISIN: IRO1BPAS0008
IndustryBanking, Financial services
Founded14 December 2005
Headquarters430 Mirdamad Boulevard,
Tehran
,
Iran
Number of locations
327 branches across Iran[2][3]
Area served
Iran
Key people
Kazem Mirvalad
(Chairman)
Majid Ghassemi
(CEO)
ServicesConsumer banking
Investment banking
RevenueIncrease US$ 1.64 billion (2018)
Increase US$ 653.809 million (2018)
Total assetsUS$ 10.577 billion (2015) [3]
Total equityUS$ 1.607 billion (2015)[3]
Number of employees
3685 (2015)[3]
Websiteen.bpi.ir

While established in Tehran, the bank operates throughout the nation with 3685 employees and 327 branches.[1][3] BPI is listed under the Tehran Stock Exchange. In 2006, The bank had an initial capital assessment of $250 million.[1] In 2009, the bank funded and established an art gallery in Tehran.[4] In 2013, The Banker magazine rated BPI as among the top "1000 banks in the world", ranking 257th overall.[5] The Bank is also on The Banker's list of the top 500 Islamic financial institutions.[6]

  1. ^ a b c "History of Bank Pasargad - :: Pasargad Bank". En.bpi.ir. Retrieved 2012-07-08.
  2. ^ Cite error: The named reference en.bpi.ir was invoked but never defined (see the help page).
  3. ^ a b c d e Cite error: The named reference financia2015 was invoked but never defined (see the help page).
  4. ^ "Private bank sets up art museum in Tehran". tehran times. 7 October 2009. Retrieved 2012-07-08.
  5. ^ "The Banker's Top 1000 Global Banks, Ranking 2013". The Banker. 163 (1050). Financial Times: 189. 2013.
  6. ^ [1][dead link]