PASARGAD BROKER CO.

In 2004 the core founders of Bank Pasargad, including experts in banking industry, such as former governor of the CBI and senior directors of state-owned banks decided to establish a nationwide private bank. Pasargad Bank was launched in two phases: Establishment of a financial and professional holding company Subsequently Initial Public Offering (IPO) was announced and took place with the above company as the major shareholder along with its core founders. At this stage, invitation was sent to investors including private pension funds, EPC companies, construction companies, and other well-known professionals in industry, medical, law, education and trade fields. After 12 months of extensive collaboration and thorough analysis, Pars Arian Investment Company was established and registered as a public limited company with 400 shareholders and a paid-up capital of IRR 1,000 billion (approx. USD 109 million which was later increased to IRR 1,800 billion (approx. USD 194 million.) Upon receiving approval from the CBI, Bank Pasargad, issued its IPO on August 2nd 2005 as the fifth Iranian private bank with an intended paid up capital of IRR 2,500 billion (approx. USD 270 million.) the result of which was total number of 33,000 subscribers with an approx. total payment of over IRR 3,500 billion.

Iran

Trader (Local)

http://en.bpi.ir/about