Pasargad Bank became the Bank of the Year of Iran for the seventh time
In Bunker’s evaluation of “Bank 2021”, the managers of this publication, after considering all performance, financial and other business-related indicators, awarded the title of “Bank of the 2021 Islamic Republic of Iran” to Pasargad Bank for the seventh time. Pasargad Bank had previously won this title in 2010 and consecutive years from 2012 to 2016, and in this respect is known as the most proud Iranian bank.
According to the directors of Bunker magazine, the evaluation of the selection of the top banks of the countries is the most rigorous, analytical and accurate annual evaluation of this magazine. The reason for such rigor and accuracy is the high number of applicant banks and the importance of the title of donation to these banks. The directors of this institute consider the introduction of a bank as the bank of the year of a country, especially in the recent period, to indicate the financial ability and to play a key role of that bank in the economy and the future of the market.
In this study, financial indicators such as Tier-1 Capital and its changes, total assets, net profit, rate of return on equity, cost-to-income ratio, debt repayment capacity and percentage of non-current facilities are analyzed and examined. they take. In addition, non-financial indicators such as the bank’s strategic initiatives to create a competitive advantage, innovative products and new services in the field of banking, the bank’s efforts to develop new businesses, measures taken in the field of financial and banking technologies (Finitech) and finally new investments to expand services. Banks are also carefully evaluated.
It should be noted that given the widespread prevalence of coronation in the world over the past two years, the Bunker Institute has also in the past two periods seriously reviewed the measures used by banks to support businesses and customers affected by the consequences of the corona epidemic.
The 95-year-old Financial Bank-affiliated The Banker is one of the world’s leading specialized banking journals and one of the leading sources of information and analysis in the field of international banking and capital markets.
The data bank of this publication, with the information of more than four thousand banks from all over the world, can well map the financial and operational strength and health of banks by evaluating indicators such as basic capital, capital adequacy ratio and other profitability and performance ratios against their competitors. Slowly
In addition to publishing and covering financial and economic news and commentary, it also evaluates about 80,000 banks and financial institutions worldwide each year, and among them, according to its own criteria, the top 1,000 banks in both general and partial terms ( Publishes classifications and sub-lists based on specific criteria.
According to the latest ranking of this publication in 2021, Pasargad Bank has been introduced as the only Iranian bank in this list. In addition, every year, the institute awards prizes to the best bank in each country and region, the best Islamic bank in each country, the best investment bank, the best private bank, the best minister of economy, the best head of the central bank, the best technology innovation and the best deals.
It is worth mentioning that according to other recent evaluations of this institution, Pasargad Bank is among the top 1000 banks in the world in 2020; In terms of rate of return on capital (ROC), it is ranked 13th in the world and first in the Middle East, and in terms of rate of return on assets (ROA), it is ranked 121st in the world and 16th in the Middle East.
Pasargad Bank was also selected as the top Islamic Bank of Iran in 2021 last summer, and in terms of brand value, it was the only Iranian bank among the top 500 bank brands evaluated in 2021 by Bunker and the BrandFinance Institute, in which the ranking was successful. With 89 steps, it is ranked 290 among the top banking brands in the world.
https://www.bpi.ir/news/view/1221
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