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Bank Pasargad No. 430 Mirdamad Blvd., Tehran 1969774511, Iran Tel: (+9821) 82891575; Fax: (+9821) 88649521 Website: www.bankpasargad.com www.bankpasargad.com.

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Presentation on theme: "Bank Pasargad No. 430 Mirdamad Blvd., Tehran 1969774511, Iran Tel: (+9821) 82891575; Fax: (+9821) 88649521 Website: www.bankpasargad.com www.bankpasargad.com."— Presentation transcript:

1 Bank Pasargad No. 430 Mirdamad Blvd., Tehran , Iran Tel: (+9821) ; Fax: (+9821) Website: Swift: BKBPIRTH The Millennium Bank January 2011

2 Table of Content The Millennium Bank BANK PASARGAD 5 Introduction Introduction 8 Shareholders Shareholders 6 Vision and Mission Vision and Mission 19 Subsidiaries and Affiliates Subsidiaries and Affiliates 20 Human Capital Human Capital 24 Overview of Bank Pasargad's Financial Results Overview of Bank Pasargad's Financial Results 33 Key Performance Measures Key Performance Measures 40 Foreign Exchange Operations Foreign Exchange Operations 18 Electronic Banking Services 13 Executive Board of Directors Executive Board of Directors 3 Summary Timeline of Bank Pasargads Establishment Summary Timeline of Bank Pasargads Establishment 22 Public & Educational Activities 16 Extensive Network of Bank Pasargads Geographic Coverage Extensive Network of Bank Pasargads Geographic Coverage 10 Facts and Figures Facts and Figures 9 Organization Chart Organization Chart 21 Human Capital Training Courses Human Capital Training Courses 25 Bank Pasargads Competitive Advantages Bank Pasargads Competitive Advantages 11 Awards & Achievements Awards & Achievements

3 License for international banking operations was granted as per category I & II of CBIs circular No. 1096/MB. License for full international banking operations granted by the CBI Bank Pasargad registered with the Companies Registrar Office in Tehran (Registration No ) Initial Public Offering (The IPO) of Bank Pasargad's stock, was received very well by the public so that the initial intended capital was fully subscribed in less than 2 hours and after consulting with the Central Bank of The Islamic Republic of Iran (CBI) the decision was made to continue the offering up to the close of the same day Establishment of Pars Aryan Holding Co. as the founder and major shareholder of Bank Pasargad Start up of the first branch. Banking operation's license No. H/2849 granted by the CBI June th Dec nd Aug th Sep th Sep th Dec 2006 Summary Timeline of Bank Pasargad's Establishment BANK PASARGAD 7 th Feb Inauguration of The Bank. 14 th Sep 2005 The Millennium Bank

4 Bank Pasargads Major Shareholder Preparation of the legal and administrative procedures for presentation of Bank Pasargads shares in I.P.O. market was the first step taken by Pars Aryan, after which, Pars Aryan acted as the main market maker for Bank Pasargads shares and other affiliates in Banks OTC market. Pars Aryan Investment Co. (Plc) was initially incorporated under the name of Minoo Industrial Group Investment Co., (Ltd) on Oct 2 nd,2002. In June 2005 the company was taken over by founders of Pasargad Financial Group as first step in establishment of Bank Pasargad, the biggest private bank in Iran. BANK PASARGAD 4 Pars Aryan Investment Company (founder), holding 29.70% of Bank Pasargads share,is a private investment company whose shareholders come from all sectors of economy and diversified classes such as private individuals, investment companies, pension funds, EPC companies, Building/Construction Societies, auto industry, professional people namely top elite physicians, university professors and lawyers, whose presence as some of the founders was a value to the group. The initial capital of the Pars Aryan Investment Co. at the time of take over was 1,000 billion IRR and now it is increased up to 2760 billion IRR. The Millennium Bank

5 Introduction Market Share of more than 5% in Irans banking system in less than 4 years Market Share of 20% among Iranian private banks, 4 of them established 5 years earlier Dec 2005 Started activity as the 6th Iranian private bank July 2009 Promoted to stand as the 1 st Iranian private bank Target for 2013 Is planned to be the 1 st bank in the Middle East Bank Pasargad as a full licensed bank provides all banking services in local and foreign currency in compliance with international and local rules and regulations to her distinguished clients. The bank's reputation of quality services and performance in line with the international principles and world's high banking standards, have resulted in several achievements namely: Bank Pasargad as the fastest growing private bank:Bank Pasargad as the fastest growing private bank: BANK PASARGAD 5 The Millennium Bank

6 We, at Bank Pasargad strive to reach our strategic goal and attain a position within the top 500 companies in the globe, as the bank of the choice, agent of change and the leader in our community and selected markets. We will do so by: Vision & Mission Our Vision Our Vision Upgrading the standards for service delivery and value creation in banking industry Being influential in enhancing the standards of development of our industry. Providing solutions that consistently meet or exceed the needs and aspirations of our Community and Customers. 6 BANK PASARGAD The Millennium Bank

7 Providing the highest quality Islamic banking solutions. Arranging a variety of sophisticated commercial and merchant banking products and services for our clients. Offering private banking and asset management services for clients as well as conducting efficient trading, investment and treasury activities, through our in house specialized banking services, or through our more than 40 subsidiaries. Creating sustainable shareholders wealth by means of business growth and management efficiency. Providing a challenging and pleasant business environment for our dedicated colleagues. Observing prudential standards and standing accountable to our community and environment by sponsoring the professional and educational programs, sports activities, benevolent contributions and so far. Our Mission Vision & Mission Maximizing the added value for our clients, shareholders, community, and our staff alike through: 7 The Millennium Bank BANK PASARGAD

8 Bank Pasargad's Shareholders Bank Pasargad is a private bank with the common shareholders who are of private sector and individual public. Major shareholders and their respective holdings by Nov 2010 were as follows: Shareholders' Structure BANK PASARGAD Type No. of Shareholders No. of Shares (Million) % Ownership Real Persons 44,3776, Legal Entities 20516, Total 44,58223, The Millennium Bank

9 9 Legal Inspector General Assembly Audit Committee Supervisory Risk Management Committee Nomination Committee Strategy Committee Executive Board Committee Assets & Liabilities Management Committee Credit Committee Innovation Committee Marketing & Advertisement Committee Technology & IT Committee Secretary & Counselors Management Office Credit Risk Committee Market Risk Committee Liquidity Risk Committee Operational Risk Committee Credit s & Loans Investment & Participation Affairs Trade Finance International Affairs FinanceFinanceITIT Corporate Planning Branch Affairs LogisticsLogistics Human Capital Internal Audit & Inspection Public Relations Corporate Banking Legal Affairs Executive Board Member Board of Directors Executive Risk Management Dept. Credit Risk Assessment Unit Market Risk Assessment Unit Liquidity Risk Assessment Unit Operational Risk Assessment Unit Managing Director Organization Chart BANK PASARGAD The Millennium Bank

10 10 Facts and Figures BANK PASARGAD Capital Changes Billion IRR Total (Billion IRR) Initial Capital (2005) 3,5003,500 1 st Capital Increase (2007) 1,7505,250 2 nd Capital Increase (2008) 1,7507,000 3 rd Capital Increase (Nov 2009) 7007,700 4 th Capital Increase (Nov 2010) 15,40023,100 Capital Changes: Capital Changes: The Millennium Bank Our Unique Success in the History of Iranian Economy: We increased our paid up capital from USD 770 million to USD 2.3 billion through an IPO on Nov 1 st 2010.

11 Awards & Achievements BANK PASARGAD Our World Ranking Among Top 1000 Banks in The Banker Highest Profit Increase among Iranian Banks No.1 Iranian Private Bank by Tier 1 Capital Winner of the Bankers Bank of the Year Award 2010 in Iran 29 th Among Top 100 Iranian Companies as per latest assessment made by Iran's Industrial Management Institute in fiscal year Ranked as 574 th as per Bankers issue of July 2009, based on March 2008 financial figures which was also used in last years ranking. While our ranking based on March 2009 figures, would be as the 488 th bank. 11 The Millennium Bank Ranked as 435 th in July 2010

12 Awards & Achievements BANK PASARGAD Bank Pasargads financial figures were incorrectly Stated in the Bankers July 2009 issue. Here is the Bankers correction and apology In its September issue: Bank Pasargads financial figures were incorrectly Stated in the Bankers July 2009 issue. Here is the Bankers correction and apology In its September issue: 12 The Millennium Bank

13 Executive Board of Directors BANK PASARGAD The Millennium Bank Board Member Vice Chairman & Managing Director Ex Governor of the Central Bank of Islamic Republic of Iran Tel: (+9821) ; Fax: (+9821) ; Mr. Majid Ghassemi Board Member Board Member of Chief Executive Officers, in Charge of Banks Branches & Planning Affairs Tel: (+9821) ; Fax: (+9821) ; Mr. Ahmad Vadidar 13

14 Executive Board of Directors BANK PASARGAD The Millennium Bank Board Member Board Member of Chief Executive Officers, in Charge of Financial & IT Affairs Tel: (+9821) ; Fax: (+9821) ; Mr. Zabihollah Khazaei Board Member Board Member of Chief Executive Officers, in Charge of International Banking Affairs Tel: (+9821) ; Fax: (+9821) ; Mr. Mostafa Beheshtirouy 14

15 Executive Board of Directors BANK PASARGAD The Millennium Bank Board Member Board Member of Chief Executive Officers, in Charge of Loan & Credit Affairs Tel: (+9821) ; Fax: (+9821) ; Mr. Mohammad Reza Sedaghat Tafreshi Board Member of Chief Executive Officers, in Charge of Banks Logistic Affairs Tel: (+9821) ; Fax: (+9821) ; Mr. Gholam Hossein Vahidnia 15

16 Extensive Network of Bank Pasargad's Geographic Coverage Map of Iran with Bank's Branches located on it BANK PASARGAD 16 The Millennium Bank

17 Number of Branches Bank Pasargad has been quite successful in expanding its network of branches in such a short period of time since its inception. Bank Pasargads number of branches have increased from 150 in 2007 to 236 by Nov 2010 Item Jan 2011 No. of Branches BANK PASARGAD 17 The Millennium Bank

18 SMS Banking Services Online Banking Services Electronic Banking Services BANK PASARGAD Telephone Banking Services Banking Services Mobile Banking Services Cash Card Cash Card Student Card Student Card Gift Card Gift Card Family Card Family Card Shopping Card (voucher card) Shopping Card (voucher card) Joint Card Joint Card Health Card Health Card Credit Cards Credit Cards Card Services Include: Debit Cards Debit Cards The Millennium Bank Virtual Banking Services 18

19 Subsidiaries and Affiliates Bank Pasargads financial group consists of the bank and a series of subsidiaries, active in the major fields of: Insurance Stock Brokerage Investment Machinery leasing Mining Industry Energy Construction Leasing Construction Industry Pars Aryan Investment PLC, Pars Aryan Investment PLC, as the group's parent company is responsible for control and management of the financial group. The following table shows the banks main subsidiaries and affiliates in order of their ownership as March 2010 fiscal year. Some of the Companies Bank's Share %Million IRR Saman Sakht Aryan Co ,400 Pasargad Arzesh Afarinan Co ,952 Bank Pasargad Leasing Co.67201,000 Hashtom Urbanization and Construction Co.67100,500 Bank Pasargad Electronic Payment Co.6736,850 Bank Pasargad Brokerage Co.6030,000 Bank Pasargad Financial and Investment Services Co.49 Pasargad ICT Co. (FANAP)494,900 Modaberan Sakht Aryan Co.45270,000 Middle East Mabna Co ,361 Pasargad Insurance Co.2083,700 Middle East Mines & Mineral Industries Development Holding Co ,898 Bank Pasargad Machinery & Equipment Leasing Co.1818,115 Pasargad Mass Construction Development Co.52,500 Pasargad Energy Development Co.42,000 Pasargad Exchange Co.7035,000 Iranian Etekayi Insurance Co.430,000 Total Investment 2,841,225 BANK PASARGAD 19 The Millennium Bank

20 Bank Pasargad's Human Capital As part of our strategic goals, we, at Bank Pasargad, pay special attention to employing highly qualified human capital. Table below demonstrates Bank's human capital separately for the Headquarter and the Branches according to their qualifications. Bank Pasargad's total number of human capital increased by 14% from 2009 to 2010, mostly having university graduates and post graduates. Bank's total number of employees counts to 2,630 by fiscal year end March Human Capital BANK PASARGAD 20Total MF 9671, ,3941,216 2, The Millennium Bank Post Graduate Graduate Associate Degree Work ExperienceMFMFMF 0-10 years , Years Years Over 30 Years Subtotal , Total 1372, %

21 BANK PASARGAD 21 Human Capital Training Courses In order to upgrade the colleagues with latest changes in the banking industry and to elevate their knowledge and skills, Bank Pasargad conducts numerous in house training courses on : This would of course lead to creativity and better management by our colleagues in providing services and handling various tasks. Islamic Banking Credit Analysis & Credit Rating Foreign Exchange Operations Trade Finance UCP & ISBP Organizational Behavior AML/KYC The Millennium Bank

22 22 Public & Educational Activities BANK PASARGAD Granting scholarship to first, second and third ranked applicants of the university entrance examinations each year. Establishment of Contemporary Visual Arts Museum on Oct Organizing athletic contests,and sport events within the banking industry. Supporting national sport teams in international tournaments. Conduction of training sessions for customers to acquaint them with effective use of E-Banking services. ACCA training within the pasargad group The Millennium Bank

23 ACCA Training within Pasargad Group BANK PASARGAD - To enhance level of experience among our colleagues - To enhance level of experience among our colleagues - To create admissible job opportunities in Irans financial market - To create admissible job opportunities in Irans financial market - To offer training courses to other industries as a public training centre in Iran and the - To offer training courses to other industries as a public training centre in Iran and the Middle East. Middle East. Signing cooperation plan with ACCA and getting its approval by the Board of Directors Signing cooperation plan with ACCA and getting its approval by the Board of Directors on 2 nd April on 2 nd April Setting up an executive committee of 7 top professional consultants to manage and Setting up an executive committee of 7 top professional consultants to manage and implement the ACCA educational project. implement the ACCA educational project. Preparation of policies and procedures in accordance with ACCA standards. Preparation of policies and procedures in accordance with ACCA standards. Choosing 14 qualified students out of 350 applicant colleagues. Choosing 14 qualified students out of 350 applicant colleagues. Initiation of F1 to F3 courses. Initiation of F1 to F3 courses. Objectives: 23 Activities: The Millennium Bank

24 Overview of Financial Results BANK PASARGAD Ex. rates: USD 1= IRR 9834 (20 th March 2010); IRR 9717 (20 th March 2009); IRR 8956 (19th March 2008); IRR 9243 (20 th March 2007) ; IRR ( Sep 2010) ; IRR (Jan 2011) BANK PASARGAD 24 The Millennium Bank

25 Competitive Advantages Among Bank Pasargad's outstanding advantages are:Among Bank Pasargad's outstanding advantages are: High quality products and superior servicesHigh quality products and superior services Dedicated, talented and experienced human capitalDedicated, talented and experienced human capital Geographically diversified network of branches, which enables supporting customers needs nationwide Issuing various credit and debit cards for different purposesIssuing 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 25 The Millennium Bank

26 Total Assets Growth 20 th Jan (fiscal year) (fiscal year) (fiscal year) (fiscal year) (fiscal year) Index (Million IRR) 169,100,379122,632,92795,025,05656,965,02022,074,4874,675,594Total Assets Growth % Total Assets (Million IRR ) In the relatively short span of time, since Bank Pasargad's commencement of activities, i.e. nearly 4 years ago, it has been experiencing steady growth every year. BANK PASARGAD 26 The Millennium Bank

27 Total Assets' Growth Total Liabilities Growth BANK PASARGAD 20 th Jan (fiscal year) (fiscal year) (fiscal year) (fiscal year) (fiscal year) Index (Million IRR) 140,092,766109,979,21584,895,13049,868,52917,736,5911,136,366Total Liabilities Growth % Total Liabilities (Million IRR) 27 The Millennium Bank

28 Assets and Liabilities Structure Liabilities Combination as of 20th March,2010 Assets Combination as of 20th March, 2010 BANK PASARGAD 28 The Millennium Bank

29 Assets and Liabilities Structure Liabilities Combination as of 20 th Jan 2011 Assets Combination as of 20 th Jan 2011 BANK PASARGAD 29 The Millennium Bank

30 Total Owners Equity Growth Shareholders equity growth has been remarkable.Shareholders equity growth has been remarkable. In March 2006, only a few months since its establishment, Bank Pasargad posted its shareholders equity at over USD 380 millions. During the next fiscal year (the bank's first full year of activity) shareholders' equity grew by 22% to more than USD 469 millions. This trend continued throughout 2007 so that in its second full fiscal year of activity, ending in March 2008, the results rose by upwards of 63% to over USD 792 millions and in September 2009, by 49% increase reached USD 1,074 millions. Bank Pasargad increased its paid up capital to 23,100 billion IRR by November 2010.Bank Pasargad increased its paid up capital to 23,100 billion IRR by November Finally the decision was made by virtue of the agreed minutes at an Extraordinary General Meeting held in May 2009, to increase the banks paid up capital from 7,000 billion IRR to 36,036 billion IRR (approximately USD 3 billions)within the next three years. BANK PASARGAD 30 The Millennium Bank

31 Total Owners Equity Growth Total Owners Equity (Million IRR) BANK PASARGAD 31 The Millennium Bank

32 Credit Facilities Granted 20 th Jan (fiscal year) (fiscal year) (fiscal year) (fiscal year) (fiscal year) Index (Million IRR) 102,704,57676,044,77664,016,46339,767,51711,274,8781,125,087Credit Facilities Granted Growth % Credit Facilities Granted ( Million IRR) BANK PASARGAD 32 The Millennium Bank

33 Key Performance Measures Performance 20 th March th March th March th March th Jan 2011 Operating Income ( Million IRR ) 2,140,0406,746,68012,963,79619,979,18120,825,093 Profit before Tax ( Million IRR ) 857,3681,679,6702,446,1233,548,2555,706,252 Total Equity ( Million IRR ) 4,337,8967,096,49110,129,92612,653,71229,007,612 Profit before Tax (Million IRR) Operating Income (Million IRR) BANK PASARGAD 33 The Millennium Bank

34 Key Performance Measures Dividend per Share (DPS) BANK PASARGAD 34 Earning per Share (EPS) The Millennium Bank Performance 20 th March th March th March th March th Jan 2011 Earning Per Share (EPS) IRR 228IRR 310IRR 335IRR 437.9IRR 185 (ROE) Return on Equity %22.91 %23.15 %26.65 %14.75 % (DPS) Dividend Per Share IRR 175IRR 200IRR 220IRR 300- Return on Assets (ROA) 3.62 %2.85 %2.47 %2.75 %2.53 % (Million IRR) Capital Adequacy Ratio %18.02 %15.87 %16.26 %20.90 %

35 Key Performance Measures Capital Adequacy RatioReturn on Equity (ROE) BANK PASARGAD 35 The Millennium Bank

36 Financial Ratios:Indices March 2009 March 2010 January 2011 Capital Adequacy Ratios Capital Adequacy15.87%16.26%20.90% Equity to Assets10.66%10.31%17.15% Facilities Granted to Equity Deposits To Equity Liquidity Deposits to Assets85%86%78.5% Asset Quality Facilities Reserves to Total Facilities Granted Ratio2.32%3.99%4.43% Performance Ratios Return on Assets3.08%3.09%2.53% Facilities Composition Facilities Granted to Total Deposits81%75%77.38% Facilities Granted to Total Assets69%64%60.73% Growth Assets Growth67%29%38% Deposits Growth69%31%25.73% Facilities Growth62%21%35% Total Income Growth93%54%- Net Profit Growth44% - Efficiency Indices (Million IRR) Per Capita Income6,547 8,085- Deposits to Human Capital34,93240,13747,201 Facilities Granted to Human Capital28,34530,11636,523 The following table presents Bank Pasargad's main financial ratios: BANK PASARGAD 36 The Millennium Bank

37 Deposits Description20 th March th March th March th Jan 2011 Total (Million IRR) 48,897,96580,761,865105,560,714132,730, th Jan th March th March th March 2008 Type 4,504,8334,928,4933,613,3474,349,395Call Deposits 938,434921,720368,236167,845Saving Deposits 121,922,53096,751,64973,664,31843,028,466Term Deposits 5,365,0282,958,8523,115,9641,352,259Other Deposits Deposit Structure (Million IRR) Total Deposits Growth (Million IRR) Total deposits stood at 105,560,714 Million IRR as of 20 th March, 2010 compared to 80,761,865 Million IRR of the previous year, showing an increase of 31 percent. BANK PASARGAD 37 The Millennium Bank

38 Foreign Exchange Operations Foreign Exchange Major Operations Bank Pasargad was granted license for full foreign exchange operations by CBI on 12th December By fiscal year end 2009, 82 branches of Bank Pasargad's extensive network of branches participated in providing various foreign currency exchange services and all branches accepted applications for letters of guarantees and documentary credits. Considering its short term of activity in foreign exchange operations, Bank Pasargad has managed to establish correspondent relationships with 250 banks and financial institutions around the world, out of which, 140 are actively supporting the bank's global business. This,in turn, has further facilitated providing superior services to customers as well as improving the accuracy and quality of operations. BANK PASARGAD 38 The Millennium Bank

39 Foreign Exchange Operations Bank Pasargad's foreign exchange operations include: Bank Pasargad's foreign exchange operations include: Issuing documentary creditsIssuing documentary credits Documentary bills of exchange (Collections)Documentary bills of exchange (Collections)Advise and negotiation of export documentary creditsAdvise and negotiation of export documentary credits Issuance of letter of guarantee in foreign currencyIssuance of letter of guarantee in foreign currency Trade Finance and project financingTrade Finance and project financing Handling inward and outward payment orders in foreign currencies.Handling inward and outward payment orders in foreign currencies. Collection of bills/cheques in foreign currency.Collection of bills/cheques in foreign currency. Opening and maintenance of individual and corporate accounts in hard currency. BANK PASARGAD 39 The Millennium Bank

40 Foreign Exchange Operations In 2011, Bank Pasargad experienced tremendous improvement in the following tasks: absorbing hard currency deposits, foreign exchange, hard currency transfers, import and export documentary credits, IRR local currency documentary credits, and hard currency guarantees, especially ones regarding commodity exports. In 2011, Bank Pasargad experienced tremendous improvement in the following tasks: absorbing hard currency deposits, foreign exchange, hard currency transfers, import and export documentary credits, IRR local currency documentary credits, and hard currency guarantees, especially ones regarding commodity exports. Summary of the foreign exchange services rendered by Bank Pasargad is depicted in the following table: Summary of the foreign exchange services rendered by Bank Pasargad is depicted in the following table:DescriptionMarch 2007March 2008March 2009March th Jan 2011 Sight L/C 62,094387,438628,933255,505753,408 Deferred Payment L/C 119,594240,738500,817684,0651,727,484 Refinance L/C 38,158311,854393,760272,665900,328 Total Import L/C 219,846940,0301,523,5101,212,2353,381,212 Import Documentary Bills of Exchange -36,98597,69686,48666,932 Export L/C 28154,591115,88091,97722,711 Internal L/C (IRR billion) 5431,6952,8531,6822,631 Guarantees Issued 12,24726,25086,712242,000256,843 Inward Payment Orders 32,64877,542626,7371,195,609818,573 Outward Payment Orders 33937,094240,252831,7841,729,835 BANK PASARGAD 40 The Millennium Bank (USD 1000)

41 Total Import LCs (USD 1000) Foreign Exchange Operations Total Export L/C (USD 1000) BANK PASARGAD 41 The Millennium Bank

42 Foreign Exchange Operations Payment Orders (USD 1000) Guarantees Issued (USD 1000) BANK PASARGAD 42 The Millennium Bank

43 International Affairs Director Foreign Exchange Operations Director International Affairs Director Foreign Exchange Operations Director Mr.Mohammad Amir Davoud Mr. Sadegh Pourasghari Mr.Mohammad Amir Davoud Mr. Sadegh Pourasghari Tel: Tel: Fax: Fax: Treasury Payment Orders Treasury Payment Orders Tel: Tel: Tel: Correspondent Banking Guarantees Tel: Tel: Key Contacts BANK PASARGAD 43 The Millennium Bank


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