For the seventh year, Bank Pasargad was named as the Islamic Bank of the Year in Iran for the Year 2022 by The Banker magazine.
Iran’s premier private bank was once again recognized by The Banker for its continued innovation, product development and service excellence in Sharia compliant banking. During the past year, Bank Pasargad’s Sharia Assets grew by 59.1% and Tier 1 Capital showed a growth of 90.9% as compared to the previous year.
In year 2021 Bank Pasargad introduced many innovative Sharia Compliant products including an Electronic Wallet, Murabaha Credit Cards and a wide variety of financial services. Additionally, the bank continued to support small and medium size companies in Iran, assisted the needy during the Covid-19 pandemic and participated in many charitable and benevolent events as part of its Corporate & Social Responsibility (CSR) program.