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.
| Company type | Public |
|---|---|
Traded as | TSE: BPAS1 ISIN: IRO1BPAS0008 |
| Industry | Banking, Financial services |
| Founded | 14 December 2005 |
| Headquarters | 430 Mirdamad Boulevard, Tehran , |
Number of locations | 327 branches across Iran |
Area served | Iran |
Key people | Kazem Mirvalad (Chairman) Majid Ghassemi (CEO) |
| Services | Consumer banking Investment banking |
| Revenue | US$ 1.64 billion (2018) |
Net income | US$ 653.809 million (2018) |
| Total assets | US$ 10.577 billion (2015) |
| Total equity | US$ 1.607 billion (2015) |
Number of employees | 3685 (2015) |
| Website | en |
While established in Tehran, the bank operates throughout the nation with 3685 employees and 327 branches. BPI is listed under the Tehran Stock Exchange. In 2006, The bank had an initial capital assessment of $250 million. In 2009, the bank funded and established an art gallery in Tehran. In 2013, The Banker magazine rated BPI as among the top "1000 banks in the world", ranking 257th overall. The Bank is also on The Banker's list of the top 500 Islamic financial institutions.
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