Bank Pasargad Presentation 20 October 2015 31, August 2015 As of - - PowerPoint PPT Presentation
The Millennium Bank The Millennium Bank as of Bank Pasargad Presentation 20 October 2015 31, August 2015 As of No. 430, Mirdamad Blvd., Tehran 1969774511, Iran No. 430, Mirdamad Blvd., Tehran 1969774511, Iran 20 Dec. 2016 Tel: (+9821)
The Millennium Bank
Tel: (+9821) 82891575; Fax: (+9821) 88649521 - website: www.bankpasargad.com - SWIFT: BKBPIRTH
Tel: (+9821) 82891041; Fax: (+9821) 82891029 - website: www.bankpasargad.com - SWIFT: BKBPIRTH
The Millennium Bank
BANK PASARGAD The Millennium Bank
History Our Vision Mission
Adherence & Compliance to
International Regulations Organizational Chart Executive Board Members Changes in Capital Subsidiaries and Affiliates Branches Electronic Banking Services Total Asset Growth Assets and Liabilities Structure Total Owners’ Equity Growth Key Performance Measures Financial Ratios Deposits International Development Competitive Advantages Corporate Social Responsibility Awards and Achievements
01 03 04 05 06 07 09 10 11 15 16 30 17 18 25 19 20
Human Capital
21 27 28 29 32
02
Bank Pasargad Financial Group Adherence & Compliance to Domestic Regulations Shareholding Structure
12 33 31
Market Share Board of Directors Electronic Banking Services Key Performance Measures International Operations
22 13 23 24 34
FANAP
35 36 37
PEDC PEDC MIDHCO Nassim Salamat Pasargad
14
Market Share
26
MIDHCO Bank Pasargad at a Glance
08 38
Net Profit of 15 Iranian banks
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)
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BANK PASARGAD The Millennium Bank
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 3.99 million clients with a wide-range of banking services in both local and foreign currencies in compliance with international laws and regulations.
To become the best financial services company in the Middle East banks and to be ranked among the world’s top 500 corporations. 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 and corporate clients. We will do so by:
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BANK PASARGAD The Millennium Bank
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
Our Mission Statement
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BANK PASARGAD The Millennium Bank
Establishment of a performing and inclusive international network of branches and subsidiary banks,
Bank Pasargad’s future international development shall be based on 3 pillars:
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
Pasargad Bank Holding Co. (BHC) Pars Aryan Investment Co.
Pasargad Financial Group consists of the bank, 4 specialized holding companies and 68 subsidiaries of which 11 are consolidated with the bank’s financial statements :
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BANK PASARGAD The Millennium Bank
Financial & Insurance Sector Companies
Insurance RE-Insurance Leasing Co. Brokerage House Exchange House
Pasargad Real Estate Development & Construction Sector Companies
Industrial Parks Office Buildings Residential Buildings Leasing of Residential Properties
ICT Holding Co. (FANAP )
Iran’s largest Private ICT Co.
2,500 Employees Networking Telecommunications Smart City Core Banking Core Insurance Smart Building EFT Payment Switch Credit/Debit Cards Payment Solutions ERP Fixed Communication Provider (FCP) IPTV MVNO
Pasargad Energy Development Holding Co. (PEDC)
Oil & Gas Upstream/Downstream Power- 6 Power Plants 2 Refineries 5 Pipeline Projects 2 Jack-up Rigs Offshore/Onshore Drilling Offshore Platforms
Hospital & Hotel Holding Co. (NSP)
7 Hospitals of 1.000 beds each Hotels for 7.000 beds 7 Universities 7 Residential Development Projects
Mining & Industrial Holding Co. (MIDHCO)
15 Subsidiary Companies 3 Steel Companies (Sirjan, Zarand & Butia) Sirjan & Zarand Iron Ore Plants Copper Cathode Plant Copper Pipe Plant Metal Coke Plants Ferro Silicon Alloy Plants Coal Concentrate Plants Sponge Iron Plants Trading of Minerals Co. Eng.& Construction Companies
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BANK PASARGAD The Millennium Bank
6
7
Pars Aryan Investment PLC, is the holding company of the Pasargad Financial Group
table shows the banks’ main subsidiaries and affiliates as of 20 Dec. 2016: Bank Pasargad Financial Group consists of the bank and 68 subsidiaries active in the fields of: Some of the Companies Bank’s Share
%
Million IRR Pasargad Arzesh Afarinan Co. 97.995 7,447,639 Pasargad Leasing Co. 67 448,900 Pasargad Electronic Payment Co. 30 300,000 Bank Pasargad Brokerage Co. 49 71,050 Pasargad ICT Co. (FANAP) 49 1,216,180 Middle East Mabna Co. 44 2,567,001 Pasargad Insurance Co. 20 330,926 Pasargad Machinery & Equipment Leasing Co. 18 54,115 Pasargad Exchange Co. 90 198,288 Iranian Re-insurance Co. 4 80,915 Nasim Salamat Pasargad Co. 34 680,000 Pasargad Rahyaft No Avar Institute 15 19,150
BANK PASARGAD The Millennium Bank
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FANAP is Pasargad Financial Group’s ICT holding company
BANK PASARGAD The Millennium Bank
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 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. FANAP provides optimal ICT services and solutions; ranging from financial enterprise solutions, Transaction processing engines, E-Payment networks, ICT Infrastructure, IPTV, MVNO, FCP, IT
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
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PEDC is Pasagad Financial Group’s Energy Holding Company
BANK PASARGAD The Millennium Bank
Formed in April 2008 with the objective of participating in the national and international energy markets in general and the development
under management. It’s core business consists of: Hydrocarbon sector, Power Generation and Renewable Energy. Oil & Gas – PEDC’s activities in Oil & Gas Sector is divided to: (i) Upstream (Exploration & Exploitation, Drilling Services) (ii) Downstream (Refineries and Petrochemical Complexes, Storage & Pipelines)
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 has also been incorporated for Directional Drilling services and has rendered 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.
Upstream- Oil & Gas field Development: National Iranian Oil Company(NIOC) Has devised new form of contracts, IPC(Iranian
Petroleum Contracts), for its oil field development, in which the contract would be awarded to foreign companies with Iranian joint venture or individually to Iranian competent companies. An exploration, Development and Production (E & P) company is being established by PEDC to undertake related upstream activities in the framework of IPC contracts.
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PEDC is Pasagad Financial Group’s Energy holding Company
BANK PASARGAD The Millennium Bank
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 Heavy Oil Refinary (35,000 Barrels/Day) and SIRAF Condensate Refinary(60,000 Barrels/Day).
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
rate of return and invested in: Sina Petrochemical Co., Romak Petrochemical Co., Fajr Kerman Petrochemical Co. & Hidaj Petrochemical Co.
Down stream – Trunk Pipeline:
In June 2015, PEDC signed a BOT contract with National Iranian Gas Company to export 40 million(Nm3/Day) of natural gas to
the pipeline to maintain the transportation pressure to destination. This project is to be constructed within 2 years . 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:
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Middle East Mines Industries Development Holding Company
BANK PASARGAD The Millennium Bank
MIDHCO was established in year 2007 by Bank Pasargad Financial Group with a registered capital of 1,000 million Iranian Rial. In year 2011, MIDHCO was listed on Tehran’s OTC Market and is now operating as a Public Joint Stock Company (JSC) with 11,609 shareholders and a capital of 22,000 billion Iranian Rial (USD 730 million). MIDHCO’s products are: Iron Ore Concentrate, Iron Ore Pellets, Sponge Iron, Coal Concentrate, Metallurgical Coke, Ferrosilicon, Steel Billet & Bloom, Copper Cathode ,Copper Tubes, Lime, Dolomite and Electricity.
In Production No Name 1
Zarand Iranian Steel Co. “ZISCO”
2
Sirjan Iranian Steel Co. “SISCO”
3
Butia Iranian Steel Co. “BISCO”
4
Iranian Babak Copper Co. “IBCCO”
5
Pabdana Faravaran Coal Co.
6
Gharb-e-Pars Ferrosilicon Co. “FESICO”
7
Middle East Mines Renovation & Development Co. “MEMRADCO”
MIDHCO presently has 7 subsidiary companies focusing on production and 8 subsidiary companies specialized in service:
In Service No Name 1
Middle East Meyare Sanat Engineering Company
2
Iranian Industrial Development & Renovation Construction
3
Samengan Tarabar Co.
4
Middle East Karavaran Sanat Co. “MIEPCO”
5
Middle East Aftab-e-Derakhshan Commercial Co. “MESCO”
6
Middle East Aftab Derakhshan Brokerage Co.
7
GMI Project Ltd
8
World Mining Industry Co. “WMI”
12
Middle East Mines Industries Development Holding Company
BANK PASARGAD The Millennium Bank
MIDHCO shall achieve the following production levels in near future: MIDHCO has invested in excess of USD 5 billion in different projects:
No Product Amount (Tonne) 1
Iron Ore Concentrate (68%) 8,000,000
2
Coal Concentrate 978,000
3
Metallurgical Coke 800,000
4
Cathode Copper 50,000
5
Ferrosilicon 24,000
6
Sponge Iron 3,000,000
7
Iron Ore Pellet 7,500,000
8
Copper tube 12,000
9
Dolomite 132,000
10
Burned Lime 264,000
11
Steel Billet and Bloom 4,200,000
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Bringing the best in Healthcare to your door steps
BANK PASARGAD The Millennium Bank
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
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.
Deposits: 12.51% Third among 15 private banks Facilities Granted: 17.11% First among 15 private banks Letters of Credit: 43.26 % First among 15 private banks Guarantees: 15.23% Second among 15 private banks Investment: 12.14% Third among 15 private banks Bank Pasargad share of the Iranian banking market among 15 originally established private banks that are members of the “Iranian Institutional Investors Association” ( as of 20 Dec. 2016 ):
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BANK PASARGAD The Millennium Bank
Today, there are 30 banks in Iran divided in 5 categories: (1) 3 State Owned Commercial Banks (2) 5 State Owned Specialized Banks (3) 4 National banks that were privatized (4) 16 Originally established private banks (5) 2 Gharzalhasaneh Banks
Deposits: 4.22 % Facilities Granted: 4.93 %
Bank Pasargad market share among all 30 Iranian banks (as of 20 Nov. 2016):
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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
principles are few reasons for which Bank Pasargad has achieved significant milestones in its brief history. Letters of Credit: 11.57%* Third among all Iranian banks Investments: 4.42%* Ninth among all Iranian banks * Based on 19/03/2016 data Guarantees: 5.11%* Sixth among all Iranian banks
Net Profit of 15 Iranian private banks (as of 20 March 2015):
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BANK PASARGAD The Millennium Bank
2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 1
12,642,696
3,701,997 3,676,611 3,246,256
2,398,375 2,351,471 2,074,931 1,794,314 1,011,340 975,049 848,518 398,769 56,927 (73,086) (786,315) (1,118,963)
Pasargad Karafarin E.N Ansar Day Sina Average Shahr Saman Parsian Middle East Hekmat Iranian Sarmayeh Gardeshgary Iran Zamin
IRR m.
We fully adhere and comply to all mandatory international legislation Support of transparency and disclosure of information Bank Pasargad has adopted a zero tolerance policy with regards to bribery, corruption, money laundering and non-observance of sanctions Commitment to Anti-Money Laundering (AML) laws and regulations Responsibility, Ethics, Transparency & Equity are the 4 essential pillars of Bank Pasargad Corporate Governance Educated, well trained and resourceful Compliance Department Appointment of an Independent Auditor & Legal Inspector Observance of all Central Bank of Iran regulations, requirements and directives
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BANK PASARGAD The Millennium Bank
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
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BANK PASARGAD The Millennium Bank
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 (20 July 2016) 8,400 50,400
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BANK PASARGAD The Millennium Bank
In the Extraordinary General Assembly dated 22/07/2014, it was approved to increase Bank Pasargad’s Paid-Up capital to 100,000 billion Iranian Rial.
Bank Pasargad is a private bank with a shareholding structure composed of real and legal entities
BANK PASARGAD The Millennium Bank
1 Company
9.88 20.54 28.88 40.70
5 Companies 13 Companies & Individuals 56,318 Individuals & Legal Entities Pars Aryan Investment Co. (PLC) Between 3 – 5 % Between 1 – 3 % Below 1 %
Milad Gostar Noavaran Co. (JSC) – 3.69% Sam Group Co. (JSC) – 3.75% Pasargad Tamin Atieh Co. – 2.91% Kharazmi Investment Co. (PLC) – 3.69% Real Person – 2.54% Selin Investment Advisory Co. (JSC) – 2.54% Binesh Pashooh Iranian Co. (JSC) – 2.58% Real Person – 2.58% Hamghadam Trade Co. (JSC) – 2.24% Sahab Omid Iranian Co. (JSC) – 2.29% Hamyari Kowsar Employee Fund – 1.63% Saba Capital Management Co. (JSC) – 2.81% Baroghe Omid Iranian Co. (JSC) – 1.04% Omid Employee Fund – 1.88% Hordad Rayan Co. (JSC) – 4.63% Nik Andishan Soroush Fajr Co. (JSC) – 4.78% Nazm Avaran Pouya Iranian Co. (JSC) – 1.01% Danesh Gostaran Atisaz Pouya Co. (JSC)– 2.83%
(As of 20 Dec. 2016) 30.60% of the bank’s shares are owned by real entities and 69.40% of shares are owned by legal entities. 3 Pension Funds of other Iranian banks are major shareholders of Bank Pasargad. 1 20
General Assembly Legal Auditors Board of Directors President Executive Board Vice- President
Credit Committee Technology & IT Committee Innovation Committee Assets & Liabilities Management Committee
Human Capital Development High Committee
Disciplinary Committee Recruitment Committee Marketing & Advertisement Committee
Managing Bureau Dept. Public Relations Management Dept. Anti-Money Laundering Dept. Foreign Assets & Investment Management Department Inspection Management Dept. Advisors
R & D and Marketing Management Dept. Legal Affairs Management Dept. Deputy Deputy Deputy Deputy Deputy Deputy Deputy General Assembly & Subsidiaries Planning Management Investment & participation Dept. Logistics Mang. Dept. Planning & Program Mang. Dept. Branch Affairs Mang. Dept. IT Mang. Dept.
Financial & Treasury Mang. Dept.
FOREX Operat. Mang. Dept. International Affairs Mang.Dept. Credits & Loans Mang. Dept. Risk Manage Dept. Economic and Banking Studies Dept. Human Capital Development Management Dept.
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Inspection Dept.
BANK PASARGAD The Millennium Bank
Employee Affairs Dept. Dept. Employee Well-being Dept. Education Dept. Research & Development Dept. Marketing Dept. Legal Services Dept. Deeds Enforcement Dept. Compliance Dept. Supervisory Risk Management Committee Nomination Committee Strategy Committee Audit Committee Credit Risk Sub-Committee Market Risk Sub-Committee Crisis & liquidity Risk Sub-Committee Operational Risk Sub-Committee Audit Dept. Internal Audit Management Credit Dept. Follow up & Collection Dept. Credit Information Dept. Private & Corporate Banking Dept. Procurement Dept. Security Dept. Real Estate Dept. L/C Dept. PO, Guarantee and FX Accounting Dept. Accounting & Budgeting Dept. Treasury Dept. Software Dept. Hardware Dept. Organization, Methods & Planning Dept. Provinces branches affairs Dept. East Tehran branches affairs Dept. West Tehran branches affairs Dept.
Chairman of the Board of Directors Tel: (+9821) 82891002 Fax: (+9821) 88649234 Email: k.mirvalad@bpi.ir
Majid Ghassemi
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Vice Chairman of the Board of Directors Tel: (+9821) 82890 Fax: (+9821) 88649233 Email: m.ghasemi@bpi.ir
Zabihollah Khazaei
Board Member Tel: (+9821) 82891017 Fax: (+9821) 88649234 Email: k.ekhtiar@bankpasargad.com
Kamran Ekhtiar
Board Member & Planning Affairs Tel: (+9821) 82891013 Fax: (+9821) 88649234 Email: a.vadidar@bankpasargad.com
Ahmad Vadidar
Board Member Tel: (+9821) 82891011 Fax: (+9821) 88649234 Email: m.beheshti@bpi.ir
Mostafa Beheshti Rouy
BANK PASARGAD The Millennium Bank
Board Member Tel: (+9821) 82891019 Fax: (+9821) 88649234 Email: z.khazaei@bankpasargad.com
Davoud Mojtahed Seyed Kazem Mirvalad
Board Member Tel: (+9821) 88573884-7 Fax: (+9821) 88573888 Email: d.mojtahed@bankpasargad.com
Chief Executive Officer Tel: (+9821) 82890 Fax: (+9821) 88649234 Email: m.ghasemi@bpi.ir
Majid Ghassemi
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Executive Board Member in charge of Financial & IT Affairs Tel: (+9821) 82891019 Fax: (+9821) 88649234 Email: z.khazaei@bankpasargad.com
Zabihollah Khazaei
Executive Board Member in charge of Loan & Credit Affairs Tel: (+9821) 82891017 Fax: (+9821) 88649234 Email: k.ekhtiar@bankpasargad.com
Kamran Ekhtiar
Executive Board Member in charge of Bank’s Branches & Planning Affairs Tel: (+9821) 82891013 Fax: (+9821) 88649234 Email: a.vadidar@bankpasargad.com
Ahmad Vadidar
Executive Board Member in charge of International Banking Affairs Tel: (+9821) 82891011 Fax: (+9821) 88649234 Email: m.beheshti@bpi.ir
Mostafa Beheshti Rouy
BANK PASARGAD The Millennium Bank
Executive Board Member in charge of Bank’s Logistic Affairs Tel: (+9821) 82891015 Fax: (+9821) 88649234 Email: gh.vahidnia@bankpasargad.com
Gholam Hossein Vahidnia Mohammad Reza Hajian
Executive Board Member in charge of Risk & Strategic Planning Tel: (+9821) 82895151 Fax+9821) 88675149 Email: m.hajian@bankpasargad.com
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50 100 150 200 250 300 350 2006-2005 2008-2007 2010-2009 2012-2011 2014-2013 2016-2015 Number of branches Item
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
Number of branches 11 82 150 202 233 268 296 297 326 327 327
Bank Pasargad has successfully expanded its network to 327 domestic branches in a short period of time:
BANK PASARGAD The Millennium Bank
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At Bank Pasargad, only 4.05% of all transactions (approximately 23 million per week) are done at branches. Approximately 96% of all our clients’ transactions are done electronically eithers by mobile applications, ATM, POS and other electronic and virtual banking devices. Total Banking Transactions
(as of 20 Dec. 2016) BANK PASARGAD The Millennium Bank
4.05% 94.80% 1.15%
At Branches Electronic Banking Channels Virtual Banking
Virtual Banking Services,
26
Online Banking Services, SMS Banking Services, Telephone Banking Services, Email Banking Services, Mobile Banking Services, Card Services Include:
Student Card Health Card Cash Card Family Card Joint Card Shopping Card Gift Card Debit Card Credit Card Travel Card BANK PASARGAD The Millennium Bank
27
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
BANK PASARGAD The Millennium Bank
Work Experience Diploma & Higher Diploma University Graduate Post Graduate PHD Total
0-10 Years 22 2,465 605
10-20 Years 18 340 72 1 431 20-30 Years 3 3 1 1 8 Over 30 Years 151 104 23 9 287 Total 194 2,912 701 11 3,818
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50,000,000 100,000,000 150,000,000 200,000,000 250,000,000 300,000,000 350,000,000 400,000,000 450,000,000 500,000,000 550,000,000 600,000,000 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 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
Fiscal Year 2015-16
Total Assets ( Million IRR) 56,965,020
95,025,056
122,632,927 179,227,880 221,808,446
297,081,643
377,270,230 447,388,074 534,724,988 Growth % 158.1 66.8 29 46.15 23.76 33.94 26.99 18.58 19.52
Since commencement of its activities, Bank Pasargad has experienced steady asset growth every year
BANK PASARGAD The Millennium Bank
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12.64 % 3.38 % 70.70 % 3.63 % 1.07 % 0.00 % 1.90 % 1.91 % Cash Due from banks and other credit institution Credit Facilities Granted Investments Intangible Assets Participation Certificates Accounts Receivable Fixed Assets Other Assets 2.25% 86.35% 1.35% 0.75% 1.18% 6.25% 1.85% Call Deposits Term Deposits Other Deposits Saving Deposits Other Liabilities and Accruals Due to banks and credit institutions Interest Payable (Depositors ) BANK PASARGAD The Millennium Bank
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4,337,896 7,096,491 10,129,926 12,353,712 31,387,403 38,416,498 45,096,339 52,485,378 63,787,293 75,421,134
10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Owners’ Equity (Million IRR)
Total Owners’ Equity (Million IRR)
BANK PASARGAD The Millennium Bank
31
Performance
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 19th March 2016 Total 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 74,037,595 93,009,666 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 13,952,482 12,136,193 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 52,485,378 63,787,293 75,421,134
Total Income (Million IRR)
2140040 6746680 12963796 19977730 24807338 32370948 44443056 58115003 74363286 93,009,666
Mar- 07 Mar- 08 Mar- 09 Mar- 10 Mar- 11 Mar- 12 Mar- 13 Mar- 14 Mar- 15 Mar- 16
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 12,136,193
Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Profit before Tax (Million IRR)
BANK PASARGAD The Millennium Bank
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Performance
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 19th March 2016
Earning Per Share (EPS) IRR 228 IRR 310 IRR 335 IRR 437.9 IRR 262.53 IRR 360.85 IRR 441.6 IRR 522.3 IRR 301.02 IRR 230.83 Return on Equity (ROE) 18.41 % 22.91 % 23.15 % 26.65 % 27.66 % 28.18% 31.72% 32.11% 21.75% 16.71% Dividend Per Share (DPS) IRR 175 IRR 200 IRR 220 IRR 300 IRR 180 IRR 230 IRR 250 IRR 320 IRR 200 IRR 160 Return on Assets (ROA) 3.62 % 2.85 % 2.47 % 2.75 % 4.02 % 4.91% 5.11% 4.65% 3.07% 2.37% Capital Adequacy Ratio (CAR) 28.29 % 18.02 % 15.87 % 15.91 % 23.92% 23.12% 21.47% 18.85% 17.24% 16.10%
BANK PASARGAD The Millennium Bank 28.29 18.02 15.87 15.91 23.92 23.12 21.47 18.85 17.24 16.1
5 10 15 20 25 30
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 19th march 2016
Capital Adequacy Ratio ( % )
18.41 22.91 23.15 26.65 27.66 28.18 31.72 32.11 21.75 16.71
5 10 15 20 25 30 35
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 19th march 2016
Return on Equity ( % )
33 The following table presents Bank Pasargad's main financial ratios:
Indices March 2009 March 2010 March 2011 March 2012 March 2013 March 2014 March 2015 March 2016
Capital Adequacy Ratios
Capital Adequacy
15.87% 15.91% 23.92% 23.12% 21.47% 18.85% 17.24% 16.10%
Equity to Assets
10.66% 10.07% 17.51% 17.32% 15.18% 13.91% 14.26% 14.10%
Facilities Granted to Equity
6.32 6.15 3.49 3.57 4.03 4.33 4.31 4.55
Deposits To Equity
8 8.67 4.53 4.45 5.28 5.81 5.49 5.61
Liquidity
Deposits to Assets
85% 86% 79.31% 77.14% 80.1% 80.79% 78.30% 79.12%
Asset Quality
Facilities Reserves to Total Facilities Granted
2.32% 3.99% 3.79% 3.58% 3.82% 3.44% 3.90% 4.85%
Performance Ratios
Return on Equity
23.15% 26.65% 27.66% 28.18% 31.72% 32.11% 21.75% 16.71%
Facilities Composition
Facilities Granted to Total Deposits
81% 71% 77.1% 80.25 % 76.37% 74.47% 78.54% 81.13%
Facilities Granted to Total Assets
67.37% 62.01% 61.15% 61.91% 61.17% 60.17% 61.49% 64.18%
Growth
Assets Growth
66.81% 29.05% 46.15% 23.76% 33.94% 26.99% 18.59% 19.52%
Deposits Growth
69% 31% 32.70% 20.38% 39.06% 28.10% 14.92% 20.77%
Facilities Growth
60.98% 18.80% 44.11% 25.31% 27.28% 25.40% 25.52% 24.75%
Total Income Growth
92.91% 54.10% 24.17% 30.49% 37.29% 30.76% 27.40% 25.62%
Net Profit Growth
44.24% 43.78% 79.84% 62.19% 34.67% 18.29%
Efficiency Indices (Million IRR)
Per Capita Income
6,547 8,085 8,842 10,389 13,087 16,671 20,092 24,380
Deposits to Human Capital
34,932 40,137 47,685 52,634 70,070 87,440 95,058 110,891
Facilities Granted to Human Capital
28,345 30,116 38,213 43,809 53,514 65,119 74,659 89,963
BANK PASARGAD The Millennium Bank
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108,684,411 144,745,976 173,865,805 237,957,554 304,815,336 350,288,790 423,049,252 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000 300,000,000 350,000,000 400,000,000 450,000,000
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Description
20th March 2010 20th March 2011 20th March 2012 20th March 2013 20th March 2014 20th March 2015 19th March 2016
Total (Million IRR) 107,123,424 142,147,511 171,112,476 237,957,554 304,815,336 350,288,790 423,049,252
Deposit Structure
Total deposits stood at IRR 423,049,252 Million on 19 March 2016 compared to IRR 350,288,790 Million on 20 March 2015 showing an increase of 20.77 percent.
Total Deposits Growth (Million IRR)
BANK PASARGAD The Millennium Bank
Type
20th March 2010 20th March 2011 20th March 2012 20th March 2013 20th March 2014 20th March 2015 19th March 2016
Call Deposits
4,928,493 9,563,852 8,985,693 17,418,558 16,759,491 13,225,850 10,293,575
Saving Deposits
921,720 1,639,356 2,847,463 3,713,887 6,217,296 4,963,707 3,438,195
Term Deposits
96,751,649 123,515,749 144,461,548 194,370,303 261,753,522 317,723,341 394,662,281
Other Deposits
4,521,562 7,428,554 14,817,772 18,808,044 14,212,326 7,346,020 6,192,506
Interest to be paid on Deposits
1,560,987 2,598,465 2,753,329 3,646,762 5,872,701 7,029,873 8,462,695
Issuing documentary credits,
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Bank Pasargad provides a vast array of high quality foreign exchange services to its customers including:
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.
BANK PASARGAD The Millennium Bank
Corporate Culture – Code of Ethics & Code of Conduct
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Pasargad is all about Customer Service
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
BANK PASARGAD The Millennium Bank
Excellence in Customer Service: “Our customers are the essence of the bank” Innovation & Vast array of high quality financial products Size: the only private bank that can compete with national banks Flexibility & Rapid Responsiveness
Sponsorship of environmental project and investing in environmental educational courses
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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
BANK PASARGAD The Millennium Bank
The only Iranian company that annually publishes a CSR Report
24th largest company on TSE based on Market Capitalization and Third among banks (as at 20 Dec. 2016)
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Named as Best Bank in Iran, “Bank of Excellence” by Euromoney magazine for the years 2015 & 2016 Winner of the Banker’s Award as Bank of the Year 2010 , 2012 ,2013, 2014 , 2015 & 2016 in Iran Winner of the Banker’s Award as Islamic Bank of the Year 2013, 2014, 2015 & 2016 in Iran As stated by The Banker magazine for year 2016: Highest Profit Increase among Iranian Banks & No. 2 Iranian Private Bank by Tier 1 Capital Winner of the Iranian European Foundation for Quality (EFQM) Excellence Award for years 2012, 2013, 2014 & 2015 being recognized as Iran’s Top Service Sector Company. Winner of Iran’s Most Admired Knowledge Enterprise (MAKE) Award for years 2012, 2013, 2014 & 2015 being recognized as Iran’s Top Service Sector Company. 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 Recognized as the world’s 362nd Top Bank (233rd in year 2014) Middle East’s 3rd bank by Return on Capital (ROC) 1st bank among all Iranian banks based on Profit before Tax Middle East’s 2nd bank based on Return on Asset (ROA)
BANK PASARGAD The Millennium Bank
Member of the Asian Bankers Association's Board of Directors Selected as Iran’s most Productive Bank Chosen by SACE (Italian Export Credit Agency) as Issuing Bank – MOU signed subject to Implementation Day Recognized as the world’s 175th Banking Brand in 2017 and the only Iranian bank among Top 10 banking brands in the Middle East by The Banker with brand value estimated at USD 978 million