Bank Pasargad
From Wikipedia, the free encyclopedia
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]
35.7622°N 51.4158°E / 35.7622; 51.4158
Company type | Public |
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TSE: BPAS1 ISIN: IRO1BPAS0008 | |
Industry | Banking, Financial services |
Founded | 14 December 2005 |
Headquarters | 430 Mirdamad Boulevard, , |
Number of locations | 327 branches across Iran[2][3] |
Area served | Iran |
Key people | Kazem Mirvalad (Chairman) Majid Ghassemi (CEO) |
Services | Consumer banking Investment banking |
Revenue | ![]() |
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Total assets | US$ 10.577 billion (2015) [3] |
Total equity | US$ 1.607 billion (2015)[3] |
Number of employees | 3685 (2015)[3] |
Website | en |
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]