Bank Pasargad Presentation

The Millennium Bank
The Millennium Bank
as of
20 October 2015
31, August
As of2015
22 September 2015
Bank Pasargad Presentation
No. 430,
430, Mirdamad
Mirdamad Blvd.,
Blvd., Tehran
Tehran 1969774511,
1969774511, Iran
Iran
No.
Tel: (+9821)
(+9821) 82891575;
82891575; Fax:
Fax: (+9821)
(+9821) 88649521
88649521 -- website:
website: www.bankpasargad.com
www.bankpasargad.com
Tel:
SWIFT: BKBPIRTH
BKBPIRTH
-- SWIFT:
Table of Content
History
Our Vision
Mission
International Development
01
02
03
04
Adherence & Compliance to
International Regulations
14
Assets and Liabilities Structure
Adherence & Compliance to
Domestic Regulations
15
Total Owners’ Equity Growth
Changes in Capital
Shareholding Structure
16
17
18
Organizational Chart
19
Issued Shares
Bank Pasargad Financial Group
Subsidiaries and Affiliates
FANAP
PEDC
05
06
07
08
Board of Directors
Executive Board Members
PEDC
09
MIDHCO
Electronic Banking Services
Market Share
10
11
12
Market Share
13
Total Asset Growth
Nassim Salamat Pasargad
BANK PASARGAD The Millennium Bank
Branches
Electronic Banking Services
Human Capital
20
21
22
23
24
25
26
Key Performance Measures
27
28
29
Key Performance Measures
30
Key Performance Measures
31
Financial Ratios
32
Deposits
33
International Operations
34
Competitive Advantages
35
Corporate Social Responsibility
36
Awards and Achievements
37
1
History
Bank Pasargad is a fully private bank listed on the Tehran Stock Exchange with more than 1.5 million direct and
indirect shareholders providing more than 4.5 million clients with a wide-range of banking services in both local
and foreign currencies in compliance with international laws and regulations.
Sept. 2005
Dec. 2006
Aug. 2011
Banking operation's license No.
H/2849 granted by the Central
Bank of Iran on 13 September
2005
License for full international
banking operations granted by the
Central Bank of Iran on 12
December 2006
Shares were listed on the Tehran
Stock Exchange (TSE)
BANK PASARGAD The Millennium Bank
2
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
BANK PASARGAD The Millennium Bank
3
Mission
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
BANK PASARGAD The Millennium Bank
International Development
Bank Pasargad’s future international
development shall be based on 3
pillars:
Establishment of a performing and inclusive
international network of branches and
subsidiary banks,
Opening Bank Pasargad’s shareholding
structure to strategic investors as well as
global and regional banks,
Being listed on a major foreign stock
exchange.
BANK PASARGAD The Millennium Bank
5
Pasargad Financial Group
Pasargad Financial Group consists of the bank, 4 specialized holding companies and 68 subsidiaries:






Insurance
RE-Insurance
Leasing Co.
Brokerage
House
Exchange House
Financial &
Insurance Sector
Companies
Pasargad Bank Holding Co.
(BHC)
Pars Aryan Investment Co.
ICT Holding Co.
(FANAP )













Bank Pasargad
Pasargad Energy
Development
Holding Co.
(PEDC)
Arzesh Afarin Investment
Co.
Hospital & Hotel
Holding Co.
(NSP)












Industrial Parks
Office Buildings
Residential
Buildings
Leasing of
Residential
Properties
Pasargad Real
Estate
Development &
Construction
Sector
Companies
BANK PASARGAD The Millennium Bank




Tamin Atieh Pasargad
Employee Fund
Mining &
Industrial
Holding Co.
(MIDHCO)








Iran’s largest Private ICT Co.
1.800 Employees
Networking
Telecommunications
Smart City
Core Banking
Core Insurance
Smart Building
EFT Payment Switch
Credit/Debit Cards
Payment Solutions
ERP
Modern Banking
Oil & Gas
Power
6 Power Plants
2 Refineries
Pipeline Projects
Jack-up Rigs
Drilling
Offshore Platforms
7 Hospitals of 1.000
beds
Hotels for 7.000 beds
7 Universities
7 Residential
Development
Projects
3 Steel Companies (Sirjan,
Zarand & Boutia)
Sirjan & Zarand Iron Ore Plants
Copper Cathode & Pipes Plants
Metal Coke Plants
Ferro Silicon Alloy Plants
Coal Concentrate Plants
Sponge Iron Plants
Trading of Minerals Co.
Eng.& Construction Companies
6
Subsidiaries and Affiliates
Bank Pasargad Financial Group consists of the bank and 68 subsidiaries active in the fields of:
 ICT
 Insurance & Re-Insurance
Some of the Companies
 Stock Brokerage & Exchange House
Bank’s Share
%
Million IRR
99.9
4,099,400
Pasargad Arzesh Afarinan Co.
98
3,527,829
 Machinery Leasing
Pasargad Leasing Co.
67
335,000
 Mining & Industrial Activities
Pasargad Electronic Payment Co.
30
150,000
 Oil & Gas
Bank Pasargad Brokerage Co.
49
58,800
 Energy & Power
Pasargad ICT Co. (FANAP)
49
579,180
 Construction Leasing
Modaberan Sakht Aryan Co.
45
1,590,000
Middle East Mabna Co.
43.84
1,602,510
Pasargad Insurance Co.
20
 Investment
Saman Sakht Aryan Co.
 Real Estate Development & Construction
Pars
Aryan
Investment
PLC,
is
the
Pasargad Group's holding company. This
Middle East Mines & Mineral Industries
Development Holding Co.
19.98
194,846
4,606,998
Pasargad Machinery & Equipment Leasing Co.
18
54,115
table shows the banks’ main subsidiaries
Pasargad Exchange Co.
90
198,288
and affiliates as per 22 Sep. 2015:
Iranian Re-insurance Co.
3.91
60,000
BANK PASARGAD The Millennium Bank
7
FANAP
FANAP is Pasargad Financial Group’s ICT holding company
FANAP is a world class ICT holding company delivering creative and tailored solutions to
customers worldwide through smart technologies and services based on their needs and values.
FANAP provides optimal ICT services and solutions; ranging from financial enterprise solutions,
Transaction processing engines, E-Payment networks, ICT Infrastructure, IT outsourcing services to
Mobile Communication and value added services.
FANAP has been providing smart solutions for diverse industries by combining its rich technical
resources with strong R&D. This is complemented by a professional business development unit
bringing the solutions of tomorrow to its customers today.
FANAP benefits from a human resource of more than 1800 skilled knowledge worker and
possesses a vast range of solutions that could cater to the needs of different businesses both
private and governmental making them smarter and more efficient organizations.
Today, FANAP is supporting and providing services to:
 12 Banks in Iran
 All 3 Iranian mobile operators
 3 major municipalities in the 3 major Iranian cities of: Tehran , Isfahan and Mashhad
BANK PASARGAD The Millennium Bank
8
Pasargad Energy Development Company (PEDC)
PEDC is Pasagad Financial Group’s Energy Holding Company
Formed in April 2008 with the objective of participating in the national and international energy markets in general and the development
of Iran's energy sector in particular, today PEDC has more than IRR 25,000 billion (app. USD 833 million) of well diversified assets
under management. It’s core business consists of: Hydrocarbon sector, Power Generation and Renewable Energy.
Oil & Gas – PEDC’s activities in the Petroleum, Oil & Gas Sector is divided into 8 lines of businesses: (i) Upstream, (ii) Exploration &
Exploitation, (iii) Downstream, (iv) Oil & Gas Refineries, (v) Petroleum Products based Activities, (vi) Petrochemicals and Related
industries, (vii) Shipping and (viii) Pipe Lines.
Upstream Drilling Services: PEDC has established subsidiaries to render Drilling Technical Service mainly but not limited to Well
Logging, Well Testing and Directional Drilling. Petro Danial Kish Company (PDK) was established in 2010 as a Drilling Technical
Service Company for oil industries. PDK has purchased all well logging machineries and equipment from reputable European and
Canadian manufacturers and is able to provide bore hole petro physical and completion services such as Open Hole Logging,
Perforation, Setting Packers and Plug with its Digital Advanced System. Petro Kariz Company is incorporated for Directional Drilling
services and will be ready to render its services form early 2015.
Upstream Drilling Jack-up Services: In late 2010 PEDC finalized a contract for purchasing two drilling Jack up rigs specially designed
for operating in the Persian Gulf. The first Jack up rig was delivered and became operational in Phase 21 of South Pars gas field. The
second jack up rig will be delivered in 2016 and shall be operational in different oil and gas development projects.
Upstream Software Development: In order to carry out research and development work towards production of very complex software
related to energy in general and petroleum engineering in particular, an engineering company (TAFAHOM) was formed in late 2012.
BANK PASARGAD The Millennium Bank
9
Pasargad Energy Development Company (PEDC)
PEDC is Pasagad Financial Group’s Energy holding Company
Downstream – Refineries: The current production of local refineries can supply almost 70 percent of the national demand and the
rest of Iran’s consumption needs are to be imported. Refineries in Iran enjoy the privilege of convenient feed availability at
compatible prices. These opportunities coupled with the strategic location of Iran in the Middle East, furnish the right environment
for establishing new refineries. PEDC is presently developing 2 refineries: Qeshm Island and Khuzestan.
Down stream – Petrochemicals & Related Industries
Based on the availability of feedstock at a premium rate, many operational petrochemical plants, technical expertise and a vast
local market coupled with extensive experience, Iran petrochemical industry with its solid foundations promises a bright future for
investment. Benefitting from this occasion, PEDC has studied upstream and downstream petrochemical projects with a suitable
rate of return and invested in: Sina Petrochemical Co., Romak Petrochemical Co., Fajr Kerman Petrochemical Co. & Hidaj
Petrochemical Co.
Power Generation - The nominal capacity of all power plants of the country is expected to grow almost 3 times by the end of 2025
which together with the growing regional market translate to a great opportunity for investment in this industry. Present Power
Plants include:
• Khoy 350 MW Power Plant
• Qeshm 500 MW Power Plant
• Uromyieh 950 MW Power plant
• Sirjan Power Plant
• Mashhad Shariati 500 MW Power Plant
• Expansion of Uromyieh Power Plant
BANK PASARGAD The Millennium Bank
10
MIDHCO
Middle East Mines Industries Development Holding Company
MIDHCO was established in year 2007 by Bank Pasargad Financial Group with a registered capital of 1,000 million Iranian Rials. In
year 2011, MIDHCO was accepted to and listed on the OTC Market in Tehran and is now operating as a Public Joint Stock Company
(JSC) with more than 9,000 shareholders and a capital of 5,250 million Iranian Rials.
MIDHCO relies on the vast experience of its senior management in different mining and industrial sectors in order to attain the
objective of 2.4 million tons per year in steel production, 50,000 tons per year in copper cathodes production and a total investment
portfolio of 50,000 billion Iranian Rials. In the first phase of its development, MIDHCO implemented two Iron Ore Concentrate Plants
with the capacity of 2 million tons each have been developed in cities of Sirjan and Zarand. Then after, a Direct Reduction Steel
Making Project of one million tons, a Coke making plant with a capacity of 800 thousand tons, a Coal Plant of 550 thousand tons and
a Ferro Siliceous plant with an annual capacity of 12 thousand tons came to production in 2012.
MIDHCO’s products are: Iron Concentrate, Iron Ore Pellets, Sponge Iron, Coal Concentrate, Metal Coke, Frosilis, Steel Bullion,
Copper Cathode and Copper Tubes.
The 11 subsidiary companies specialized in the design and implementation of copper and steel industries projects are active in Iran
and abroad. MANA (Iran Industrial Development and Renovation Construction Company), MISECO (Middle East Industry Standard
Engineering Company), and MESSCO (Middle East Shining Sun Commercial Company) are responsible for providing specialized
services. MIDHCO’s present projects are:
•
•
•
•
•
Sirjan Iron ore concentrate production factory
Sirjan Iron ore pelletizing production factory
Bardsir Direct Reduction factory
Bardsir Steel plant
Zarand Iron ore concentrate production factory
BANK PASARGAD The Millennium Bank
•
•
•
•
•
Zarand Iron ore pellet production factory
Pabdana Coal Processing Plant
Zarand coke plant
Zarand blast furnace steel plant
Copper cathode production factory
•
•
•
•
Babak Copper Pipe factory
Ferr. Mfg. production factory
Butia Iron ore pellet production factoty
Butia Steel plant
11
Nassim Salamat Pasargad Holding Company
Bringing the best in Healthcare to your door steps
Today, Iran is faced with rapid rise in healthcare spending and lacks more than 110.000 hospital beds. NSP intends to
develop 7 hospital projects in 6 cities under a Public Private Partnership (PPP) scheme with Iran's Ministry of Health (MOH)
in order to bridge this gap. The 6 cities where the projects are to be developed are:






Tehran (2000 Beds)
Qazvin (750 Beds)
Karaj (1200 Beds)
Qom (1000 Beds)
Mashhad (1100 Beds)
Ahvaz (1000 Beds)
Additionally, Iran is presently missing more than 50.000 beds of hotel beds. Specially, there is a niche market for luxury
hotels with world class standings. In 2014, Iran was ranked 10th globally in terms of tourism growth.
Internationally regarded as one the most ancient civilizations, Iran
has 19 sites designated by UNESCO as “World Heritage Sites”.
With the lifting of international sanctions, we expect heavy inflow
of tourism to all Iranian cities and historical sites.
NSP intends to build several world class hotels of high standing
in Iran totaling 7.000 beds to address this need and benefit from
future flourishing of tourism and health-tourism industry in Iran.
BANK PASARGAD The Millennium Bank
12
Market Share
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 The Millennium Bank
Bank Pasargad share of Iranian banking market among
all 16 originally established private banks
( as of 22 September 2015):
Deposits: 14% Second among all 16 private banks
Facilities Granted: 17% Second among all 16 private banks
Letters of Credit: 55
% First among all 16 private banks
Guarantees: 18% Second among all 16 private banks
Investment: 18% First among all 16 private banks
13
Market Share
Today, there are 31 banks
in Iran divided in 5
categories:
(1) 3 State Owned
Commercial Banks
Bank Pasargad market share among all Iranian banks
(as of 20 March 2015):
Deposits: 4.23
%
Facilities Granted: 3.63
%
(2) 5 State Owned
Specialized Banks
(3) 4 National banks that
were privatized
(4) 16 Originally
Established Private
banks
(5) 3 Gharzalhasaneh
banks
BANK PASARGAD The Millennium Bank
Letters of Credit: 9.51
%
Letters of Guarantee: 5.36
%
14
Adherence & Compliance to International Regulations
We fully adhere and comply to all mandatory international legislation
Bank Pasargad has adopted a zero tolerance policy with regards to bribery, corruption, money laundering and
non-observance of sanctions
Responsibility, Ethics, Transparency & Equity are the 4 essential pillars of Bank Pasargad Corporate Governance
Commitment to Anti-Money Laundering (AML) laws and regulations
Observance of all Central Bank of Iran regulations, requirements and directives
Educated, well trained and resourceful Compliance Department
Appointment of an Independent Auditor & Legal Inspector
Support of transparency and disclosure of information
BANK PASARGAD The Millennium Bank
15
Adherence & Compliance to Domestic Regulations
Bank Pasargad is committed to the observance of:
Monetary and Banking Law (Approved in 1972) and its amendments
Usury-Free Banking Law (Approved in 1983)
Money and Credit Council By-Laws
Central Bank of Iran regulations and requirements
Iranian Tax Law
Securities Market Law of Iran
Bank Pasargad’s Articles of Association
Anti-Money Laundering Act (Approved in 2007)
Annual Monetary Financial and Supervisory Policies of Central Bank of Iran
BANK PASARGAD The Millennium Bank
16
Issued Shares
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 14,375
billion as of 22 July 2015.
BANK PASARGAD The Millennium Bank
Major shareholders and their respective holdings as of 22 Sep.
2015 were as follows:
Type
No. of
Shareholders
No. of Shares
(Million)
% Ownership
Real Entity
52,227
10,140
24.14
Legal Entity
419
31,860
75.86
Total
52,646
42,000
100
17
Changes in Capital
Our Unique History of Success in the Iranian Economy:
Capital Changes (Dates)
Increase (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
Capital Increase (13 March 2013)
2,742
30,000
Capital Increase (4 August 2015)
12,000
42,000
Capital Increase (Approved by General Assembly
on 3 Sep.2015, Waiting for Registration)
8,400
50,400
BANK PASARGAD The Millennium Bank
18
Bank Pasargad is a private bank with a shareholding
structure composed of real and legal entities
Shareholding Structure
Ownership (%)
Pars Aryan Investment Co. (PLC)
Between 3 – 5 %
1 Company
9.99
Milad Gostar Noavaran Co. (JSC) – 3.69%
Sam Group Co. (JSC) – 3.75%
Kharazmi Investment Co. (PLC) – 4.02%
PasargadTamin Atieh Co. – 4.84%
5 Companies
21.26
Saman Majd Investment Co. (JSC) – 4.96%
Between 1 – 3 %
Baroghe Omid Iranian Co. (JSC) – 1.02%
Saba Capital Management Co. (JSC) – 1.48%
Omid Employee Fund – 1.89%
Hamyari Kowsar Employee Fund – 2.03%
Banks’s Employee Pension Fund – 2.24%
Hamghadam Trade Co. (JSC) – 2.25%
Sahab Omid Iranian Co. (JSC) – 2.30%
Real Person – 2.54%
Selin Investment Advisory Co. (JSC) – 2.54%
45.28
Binesh Pashooh Iranian Co. (JSC) – 2.59%
Real Person – 2.59%
Below 1 %
BANK PASARGAD The Millennium Bank
52,629
Individuals &
Legal Entities
11 Companies &
Individuals
23.47
19
Organizational Chart
General Assembly
Credit Risk
Sub-Committee
Supervisory Risk
Management Committee
Market Risk
Sub-Committee
Nomination Committee
Board of Directors
Human Capital Development
High Committee
Crisis & liquidity Risk
Sub-Committee
Strategy Committee
President
Technology & IT Committee
Operational Risk
Sub-Committee
Audit Committee
Credit Committee
Legal Auditors
Executive
Board
Recruitment Committee
Vice- President
Internal Audit Management
Audit Dept.
Managing
Bureau Dept.
Foreign Assets &
Investment Management
Department
Inspection Management
Dept.
Anti-Money
Laundering Dept.
Private & Corporate
Banking Dep.
Marketing & Advertisement
Committee
Inspection Dept.
Compliance Dept.
Assets & Liabilities
Management Committee
Advisors
Human Capital
Development
Department
Employee
Affairs
Dept.
Employee
Well-being
Education
R & D and
Marketing
Department
Legal Affairs
Department
Research &
Development
Legal
Services.
Marketing
Document
Execution.
Deputy
General Assembly &
Subsidiaries Planning
Management
Investment & participation Dept.
BANK PASARGAD The Millennium Bank
Innovation Committee
Public Relations
Management Dept.
Properties and Real Estate Dept.
Deputy
Logistics
Manage.
Dept.
Disciplinary Committee
Deputy
Deputy
Deputy
Deputy
Planning &
Program
Dept.
IT Dept.
FOREX
Operat.
Dept.
Credits
& Loans
Dept.
Branch
Affairs
Manage
Dept.
Financial
&
Treasury
Dept.
International
Affairs
Dept.
Deputy
Risk Manage
Dept.
Economic and
Banking Studies
Dept.
20
Board of Directors
Seyed Kazem Mirvalad
Majid Ghassemi
Kamran Ekhtiar
Chairman of the Board of Directors
Tel: (+9821) 82891002
Fax: (+9821) 88649234
Email: [email protected]
Vice Chairman of the Board of Directors
Tel: (+9821) 82890
Fax: (+9821) 88649233
Email: [email protected]
Board Member
Tel: (+9821) 82891017
Fax: (+9821) 88649234
Email: [email protected]
Ahmad Vadidar
Mostafa Beheshti Rouy
Zabihollah Khazaei
Board Member
& Planning Affairs
Tel: (+9821) 82891013
Fax: (+9821) 88649234
Email: [email protected]
Board Member
Tel: (+9821) 82891011
Fax: (+9821) 88649234
Email: [email protected]
Board Member
Tel: (+9821) 82891019
Fax: (+9821) 88649234
Email: [email protected]
Davoud Mojtahed
Board Member
Tel: (+9821) 88573884-7
Fax: (+9821) 88573888
Email: [email protected]
BANK PASARGAD The Millennium Bank
21
Executive Board Members
Majid Ghassemi
Zabihollah Khazaei
Kamran Ekhtiar
Chief Executive Officer
Tel: (+9821) 82890
Fax: (+9821) 88649234
Email: [email protected]
Executive Board Member in charge of Financial
& IT Affairs
Tel: (+9821) 82891019
Fax: (+9821) 88649234
Email: [email protected]
Executive Board Member in charge of Loan
& Credit Affairs
Tel: (+9821) 82891017
Fax: (+9821) 88649234
Email: [email protected]
Ahmad Vadidar
Mostafa Beheshti Rouy
Gholam Hossein Vahidnia
Executive Board Member in charge of Bank’s
Branches
& Planning Affairs
Tel: (+9821) 82891013
Fax: (+9821) 88649234
Email: [email protected]
Executive Board Member in charge of International
Banking Affairs
Tel: (+9821) 82891011
Fax: (+9821) 88649234
Email: [email protected]
Executive Board Member in charge of
Bank’s Logistic Affairs
Tel: (+9821) 82891015
Fax: (+9821) 88649234
Email: [email protected]
Mohammad Reza Hajian
Executive Board Member in charge of
Risk & Strategic Planning
Tel: (+9821) 82895151
Fax+9821) 88675149
Email: [email protected]
BANK PASARGAD The Millennium Bank
22
Branches
Bank Pasargad has successfully expanded its network to 327 domestic branches in a short period of time:
Item
Number of
branches
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
11
82
150
202
233
268
296
297
326
327
2006-07
2007-08
350
300
250
200
Number of branches
150
100
50
0
2005-06
BANK PASARGAD The Millennium Bank
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
23
Electronic Banking Services
At Bank Pasargad, only about 5% of all transactions are done at the branches.
Approximately 95% of our clients’ transactions are done electronically eithers by mobile applications, ATM, POS
and other electronic and virtual banking devices.
14.57%
At Branches
5.35%
1.12%
Bank Cards
Total Banking
Transactions
(Week ending
23.10.2015)
Virtual Banking
Others
78.96%
BANK PASARGAD The Millennium Bank
24
Electronic Banking Services
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
Gift Card
Credit Card
Health Card
Family Card
Shopping Card
Debit Card
Travel Card
BANK PASARGAD The Millennium Bank
25
Human Capital
Bank Pasargad attributes special attention to employing highly qualified individuals as demonstrated in table
below (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
41
2,748
559
-
3,348
10-20 Years
4
6
4
-
14
20-30 Years
2
1
2
2
7
Over 30 Years
220
125
25
9
379
Total
267
2,880
590
11
3,748
BANK PASARGAD The Millennium Bank
26
Total Asset Growth
Since commencement of its activities, Bank Pasargad has experienced steady asset 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
Fiscal Year
2014-15
22 Sep.
2015
Total Assets
( Million IRR)
56,965,020
95,025,056
122,632,927
179,227,880
221,808,446
297,081,643
377,270,230
444,243,740
478,975,012
158.1
66.8
29
46.15
23.76
33.94
26.99
17.75
7.8
Growth %
500,000,000
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
BANK PASARGAD The Millennium Bank
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
22/9/2015
27
Assets and Liabilities Structure (as of 22 Sep. 2015)
1.78%
1.82%
1.70%
0.52%
4.16%
1.78%
2.81%
1.08%
0.00%
12.77%
0.86%
1.04%
3.30%
10.91%
4.84%
64.80%
85.82%
Cash
Inter-banks Accounts
Call Deposits
Term Deposits
Credit Facilities Granted
Investments
Other Deposits
Saving Deposits
Intangible Assets
Due from Central Bank
Participation Certificates
Accounts Receivable
Other Liabilities and Accruals
Due to Central Bank
Fixed Assets
Other Assets
BANK PASARGAD The Millennium Bank
Interest Payable (Depositors)
28
Total Owners’ Equity Growth
Owners’ Equity
(Million IRR)
Total Owners’ Equity (Million IRR)
71,334,660
70,000,000
67,528,074
60,000,000
52,485,378
50,000,000
45,096,339
38,416,498
40,000,000
31,387,403
30,000,000
20,000,000
10,129,926
10,000,000
4,337,896
12,353,712
7,096,491
0
2006-07
2007-08
BANK PASARGAD The Millennium Bank
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
22/9/2015
29
Key Performance Measures
Performance
Operating Income
(Million IRR)
Profit before Tax
(Million IRR)
Total Equity
(Million IRR)
20th March
2007
19th March
2008
20th March
2009
20th March
2010
20th March
2011
20th March
2012
20th March
2013
20th March
2014
20th March
2015
22 Sep.
2015
2,140,040
6,746,680
12,963,796
19,977,730
24,807,338
32,370,948
44,443,056
58,115,003
74,037,595
41,447,809
857,368
1,679,670
2,446,123
3,548,255
6,309,426
10,159,820
14,189,140
16,870,289
13,952,482
4,200,949
4,337,896
7,096,491
10,129,926
12,353,712
31,387,403
38,416,498
45,096,339
52,485,378
67,528,074
71,334,660
Operating Income (Million IRR)
Mar-15
74,363,286
Mar-14
58,115,003
Mar-13
44,443,056
Mar-12
32,370,948
Mar-11
24,807,338
Mar-10
Mar-09
Mar-08
Mar-07
Profit before Tax (Million IRR)
19,977,730
12,963,796
6,746,680
2,140,040
BANK PASARGAD The Millennium Bank
Mar-15
13,952,482
Mar-14
16,870,289
Mar-13
14,189,140
Mar-12
10,159,820
Mar-11
6,309,426
Mar-10
Mar-09
Mar-08
Mar-07
3,548,255
2,446,123
1,679,670
857,368
30
Key Performance Measures
Performance
Earning Per Share
(EPS)
Return on Equity
(ROE)
Dividend Per
Share (DPS)
Return on Assets
(ROA)
Capital Adequacy
Ratio (CAR)
20th March 19th March 20th March
2007
2008
2009
20th March
2010
20th March
2011
20th March
2012
20th March
2013
20th March
2014
20th March
2015
IRR 228
IRR 310
IRR 335
IRR 437.9
IRR 262.53
IRR 360.85
IRR 441.6
IRR 522.3
IRR 301.02
18.41 %
22.91 %
23.15 %
26.65 %
27.66 %
28.18%
31.72%
32.11%
21.07%
IRR 175
IRR 200
IRR 220
IRR 300
IRR 180
IRR 230
IRR 250
IRR 320
IRR 200
3.62 %
2.85 %
2.47 %
2.75 %
4.02 %
4.91%
5.11%
4.65%
3.08%
28.29 %
18.02 %
15.87 %
15.91 %
23.92%
23.12%
21.47%
18.85%
19.84%
Earning Per Share (EPS) IRR
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Dividend Per Share (DPS) IRR
301.02
522.3
441.6
360.85
262.53
437.9
335
310
228
BANK PASARGAD The Millennium Bank
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
200
320
250
230
180
300
220
200
175
31
Key Performance Measures
Capital Adequacy Ratio ( % )
30
Return on Equity (%)
35
28.29
31.72 32.11
23.92
25
30
23.12
26.65
27.66 28.18
21.47
19.84
20
25
22.91 23.15
18.85
18.02
15.87 15.91
21.07
20
18.41
15
15
10
10
5
5
0
0
20th
19th
20th
20th
20th
March March March March March
2007 2008 2009 2010 2011
BANK PASARGAD The Millennium Bank
20th
20th
20th
20th
March march March March
2012 2013 2014 2015
20th
19th
20th
20th
20th
March March March March March
2007 2008 2009 2010 2011
20th
20th
20th
20th
March March March March
2012 2013 2014 2015
32
Financial Ratios
The following table presents Bank Pasargad's main financial ratios:
March
2009
Indices
Capital Adequacy
Ratios
Liquidity
Asset Quality
Performance Ratios
Facilities
Composition
Growth
Efficiency Indices
(Million IRR)
March
2010
March
2011
March
2012
March
2013
March
2014
March
2015
Capital Adequacy
15.87%
15.91%
23.92%
23.12%
21.47%
18.85%
19.84%
Equity to Assets
10.66%
10.07%
17.51%
17.32%
15.18%
13.91%
15.20%
Facilities Granted to Equity
6.32
6.15
3.49
3.57
4.03
4.33
4.23
Deposits To Equity
8
8.67
4.53
4.45
5.28
5.81
5.27
Deposits to Assets
85%
86%
79.31%
77.14%
80.1%
80.79%
80.07%
Facilities Reserves to Total Facilities Granted
2.32%
3.99%
3.79%
3.58%
3.82%
3.44%
3.76%
Return on Equity
23.15%
26.65%
27.66%
28.18%
31.72%
32.11%
21.07%
Facilities Granted to Total Deposits
81%
71%
77.1%
80.25 %
76.37%
74.47%
80.37%
Facilities Granted to Total Assets
67.37%
62.01%
61.15%
61.91%
61.17%
60.17%
64.35%
Assets Growth
66.81%
29.05%
46.15%
23.76%
33.94%
26.99%
17.75%
Deposits Growth
69%
31%
32.70%
20.38%
39.06%
28.10%
16.69%
Facilities Growth
60.98%
18.80%
44.11%
25.31%
27.28%
25.40%
25.52%
Total Income Growth
92.91%
54.10%
24.17%
30.49%
37.29%
30.76%
27.40%
Net Profit Growth
44.24%
43.78%
79.84%
62.19%
34.67%
18.29%
-19.31%
Per Capita Income
6,547
8,085
8,842
10,389
13,087
16,671
20,092
Deposits to Human Capital
34,932
40,137
47,685
52,634
70,070
87,440
96,528
Facilities Granted to Human Capital
28,345
30,116
38,213
43,809
53,514
65,119
77,574
BANK PASARGAD The Millennium Bank
33
Deposits
Total deposits stood IRR 385,389,937 Million as of 22 Sep. 2015 compared to IRR 355,704,036 Million as at 20
March 2015 showing an increase of 8.34 percent.
20th March 2010 20th March 2011 20th March 2012 20th March 2013 20th March 2014
Description
Total
107,123,424
(Million IRR)
142,147,511
171,112,476
237,957,554
Deposit Structure
304,815,336
20th March 2015
22 Sep. 2015
355,704,036
385,389,937
Total Deposits Growth (Million IRR)
450,000,000
Type
20th
March
2010
20th
March
2011
20th
March
2012
20th
March
2013
20th
March
2014
20th
March
2015
22 Sep.
2015
385,389,937
400,000,000
355,704,036
350,000,000
304,815,336
Call
Deposits
4,928,493
9,563,852
8,985,693
17,418,558
16,759,491
9,726,119
11,434,734
Saving
Deposits
921,720
1,639,356
2,847,463
3,713,887
6,217,296
4,969,700
4,379,570
Term
Deposits
300,000,000
237,957,554
250,000,000
200,000,000
96,751,649
123,515,749
144,461,548
194,370,303
261,753,522
321,163,022
348,890,572
173,865,805
144,745,976
150,000,000
108,684,411
100,000,000
Other
Deposits
4,521,562
Return on
Deposits
1,560,987
7,428,554
14,817,772
18,808,044
14,212,326
12,815,322
13,431,275
50,000,000
2,598,465
2,753,329
BANK PASARGAD The Millennium Bank
3,646,762
5,872,701
7,029,873
7,253,786
0
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 22/9/2015
34
International Operations
Bank Pasargad provides a vast array of high quality foreign exchange services to its customers including:
Issuing documentary credits,
Trade finance and project financing,
Documentary bills of exchange (Collections),
Opening and maintaining of individual and corporate accounts in foreign currency,
Advice and negotiation of export documentary credits,
Handling inward and outward payment orders in foreign currencies,
Issuance of letters of guarantee in foreign currency,
Collection of bills / cheques in foreign currency.
BANK PASARGAD The Millennium Bank
35
Competitive Advantages
Pasargad is all about Customer Service
Excellence in Customer Service: “Our customers are the essence of the bank”
Corporate Culture – Code of Ethics & Code of Conduct
Dedicated, talented and experienced team
Geographically diversified nationwide network of branches
Issuing various credit and debit cards for different purposes
Training sessions conducted to acquaint the bank's customers with effective use of electronic services
Innovation & Vast array of high quality financial products
Size: the only private bank that can compete with national banks
Flexibility & Rapid Responsiveness
BANK PASARGAD The Millennium Bank
36
Corporate Social Responsibility (CSR)
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
Annually organizes diverse ACCA, Grenoble & Nice university training courses for all
Bank Pasargad Financial Group employees
The only Iranian company that annually publishes a CSR Report
BANK PASARGAD The Millennium Bank
37
Awards & Achievements
11th largest company on TSE based on Market Capitalization and second among banks (as at 22 Sep. 2015)
Named as Best Bank in Iran, “Bank of Excellence” by Euromoney magazine for the year 2015
Winner of the Banker’s Award as Bank of the Year 2010 , 2012 ,2013 ,2014 & 2015 in Iran
Winner of the Banker’s Award as Islamic Bank of the Year 2013, 2014 & 2015 in Iran
Chosen by SACE (Italian Export Credit Agency) as Issuing Bank – MOU signed subject to Implementation Day
Recognized by The Banker magazine:
Our World Ranking Among Top 1000 Banks in July 2014 was 233 with assets estimated above
USD 24 billion
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
Our World Ranking among Top 500 Banking Brands is 328
Highest Profit Increase among Iranian Banks & No. 2 Iranian Private Bank by Tier 1 Capital
Received Gold Medal in World Invention Awards in UK in 2014 for “Smart Queue Management System”
Winner of Iran’s Green Bank Award in 2012
Selected as Iran’s most Productive Bank
Winner of the Iranian European Foundation for Quality (EFQM) Excellence Award for years 2012, 2013 & 2014
Winner of Iran’s Most Admired Knowledge Enterprise (MAKE) Award for years 2012, 2013 & 2014
Member of the Asian Bankers Association's Board of Directors
BANK PASARGAD The Millennium Bank