DOCSLIB.ORG

Table of Contents I. General Principles of The

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

BANK MELLAT, HEAD OFFICE: TEHRAN – IRAN ISTANBUL TURKEY MAIN BRANCH, ANKARA AND IZMIR BRANCHES 2011 ANNUAL REPORT TABLE OF CONTENTS I.I.I. GENERAL PRINCIPLES OF THE ANNUAL REPORT II. CONTENTS OF THE ANNUAL REPORT a)a)a) Introduction 1.1.1. Brief Financial Data 2.2.2. Historical Development of the Branch 3.3.3. Partnership Structure of the Branch 4.4.4. Changes in the Capital and the Partnership Structure During the Financial Year 5. Titles of Real and Legal Persons, holders of Qualified Shares, and Details relating to their Shares 6.6.6. Remarks by the Chairman and Members of Board of Directors, General Manager and Deputy General Manager of the Branch regarding their Shares, if any 7.7.7. Remarks by the Board of Directors’ Chairman and the General Manager about the Operating Period and their Anticipations for the Future 7.1. Remarks by the Chairman of the Board of Directors 7.2. Remarks by the General Manager 8.8.8. Remarks regarding the Staff, Number of Branches, Branch Service Type, Scope of Activities and Its Position in the Sector b) Details about Management and Institutional Management Practices 1.1.1. Board of Directors 2.2.2. Senior Management 3.3.3. Data pertaining to the Operations performed pursuant to the Provisions of the Regulation on Banks' Internal Systems, and to the Managers of the Internal Systems Departments 4. Other Committees 5.5.5. Data pertaining to Human Resources Practices 6.6.6. Data pertaining to the transactions made by the Branch with the Branch risk group 6.1. Data pertaining to the loans that the Branch allows to be used by the Branch risk group 6.2. Data pertaining to the deposits held by the Branch risk group 6.3. Data pertaining to the loans used through the Branch risk group 6.4. Data pertaining to the futures or option contracts or other similar contracts signed between the Branch and the Branch risk group 6.5. Data pertaining to the benefits offered to the senior management 7.7.7. Data pertaining to the Scope of Activities subject to Support Services and to the Entities or Institutions Providing such Service c) Financial Data and Assessments relating to Risk Management 1.1.1. Assessment of the Audit Committee regarding the process of Internal Control, Internal Audit and Risk Management System and Data pertaining to the Operations during the Financial Year 1.1. Operations of the Internal Control Department 1.2. Operations of the Internal Audit Department 1.3. Risk Management Operations 1.4. Compliance Operations 1.5. General Assessment 2.2.2. Independent Audit Report 1 BANK MELLAT, HEAD OFFICE: TEHRAN – IRAN ISTANBUL TURKEY MAIN BRANCH, ANKARA AND IZMIR BRANCHES 2011 ANNUAL REPORT 3. Data pertaining to the Financial Structure 3.1. Assessment pertaining to the Financial Position, Profitability and Solvency 4. Data pertaining to the Risk Management Policies in place by Risk Types 4.1. Principles and Policies for the Credit Risk Management 4.2. Principles and Policies for the Operational Risk Management 4.3. Principles and Policies for the Liquidity Risk Management 4.4. Principles and Policies for the Market Risk Management 5.5.5. Data pertaining to the Rating Points and Contents 6.6.6. Brief Financial Data for 5-year Period including the Reporting Period (thousand TRY) 7.7.7. Turkish Translation of the Annual Report for Bank Mellat Tehran – Iran 2 BANK MELLAT, HEAD OFFICE: TEHRAN – IRAN ISTANBUL TURKEY MAIN BRANCH, ANKARA AND IZMIR BRANCHES 2011 ANNUAL REPORT I.I.I. GENERAL PRINCIPLES OF THE ANNUAL REPORT 1. Reporting Period : 2011 2. Title of the Branch : Bank Mellat Tehran – Iran Istanbul Turkey Main Branch 3. Bank Mellat Head Office is located at : Taleghani Avenue. No: 327 – Tehran - Iran Address of the Branch in Turkey : Büyükdere Cad. Binbirçiçek Sok No.1 34330 1. Levent - / IstanbulTurkey 4. Phone : (0212) 279 80 15 5. Fax : (0212) 284 62 14 6. Website : www.mellatbank.com 7. E-mail : [email protected] II. CONTENTS OF THE ANNUAL REPORT a) Introduction 1. Brief Financial Data Balance Sheet (Thousand TRY) Increase/ (Decrease) PRIMARY ACCOUNTS 2011 2010 Amount ( %) Cash and Banks 2.834.366 550.743 2.283.623 414,64 Loans 585.529 1.119.411 -533.882 -47,69 Marketable Securities 109.828 154.884 -45.056 -29,09 Other Assets 9.926 9.614 312 3,25 Total Assets 3.539.649 1.834.652 1.704.997 92,93 Deposits 3.091.768 462.709 2.629.059 568,19 Credits Received 225.112 41.548 183.564 441,81 Provisions (Tax and Other) 14.696 6.810 7.886 115,80 Other Liabilities 50.864 1.223.458 -1.172.594 -95,84 Shareholder’s Equity 157.209 100.127 57.082 57,01 Total Liabilities 3.539.649 1.834.652 1.704.997 92,93 1 BANK MELLAT, HEAD OFFICE: TEHRAN – IRAN ISTANBUL TURKEY MAIN BRANCH, ANKARA AND IZMIR BRANCHES 2011 ANNUAL REPORT Income Statement (Thousand TRY) Increase/ (Decrease) PRIMARY ACCOUNTS 2011 2010 Amount ( %) Net Interest Income 58.877 21.665 37.212 171,76 26.126 15.162 10.964 72,31 Fees and Commissions (net) Other Income (net) 5.439 4.693 746 15,90 Total Income 90.442 41.520 48.922 117,83 Other Operating Expenses -11.089 -7.856 -3.233 41,15 Provision for Loans and Other -5.414 -587 -4.827 822,32 Receivables Profit Before Tax 73.939 33.077 40.862 123,54 Provision for Taxes -15.410 -6.699 -8.711 130,03 Net Profit 58.529 26.378 32.151 121,89 2. Historical Development of the Branch Bank Mellat is a state-owned bank that was established in 1980 in Iran as a result of nationalizing 10 private banks. The size of the Bank assets is $57.556M whereas the shareholder’s equity amounts to $2.284M as of 22 March 2011. The bank has branches in Turkey, Armenia and Korea, and subsidiary banks in UK, Germany and Malaysia. The branches and banks outside Iran mainly aim at acting as an intermediary for any foreign trade transaction between Iran and the third countries, especially the abovementioned countries. The branch was allowed to operate as a foreign bank branch established in Turkey according to the Council of Ministers’ resolution dated 5 February 1981 and number 82/2406. Started operating on 16 April 1982, Bank Mellat has three branches in Turkey- the main branch being in Istanbul and the others in Ankara and Izmir. 2 BANK MELLAT, HEAD OFFICE: TEHRAN – IRAN ISTANBUL TURKEY MAIN BRANCH, ANKARA AND IZMIR BRANCHES 2011 ANNUAL REPORT 1.1.1. Partnership Structure of the Branch The partnership structure of Bank Mellat Tehran Iran, holder of the whole branch capital, is as follows: Share Percentage Shareholder (%) Equity shares (Public shares) 30,00 The Government of the Islamic Republic of Iran 20,00 The Social Security Institution of Iran 9,99 Saba Tamin Investment Company 6,54 Personnel Shares 3,96 Bank Mellat Staff Future Trust Fund 3,52 Other Shares traded in the Stock Exchange 25,99 Total 100,00 2.2.2. Changes in the Capital and the Partnership Structure During the Financial Year No change occurred in the paid capital and the partnership structure of the Branch during the current period. 3. Titles of the Real and Legal Persons, holders of Qualified Shares, and Details relating to their Shares Bank Mellat located at Tehran, Iran acts as the Controlling Equity Owner (100%) of the Branch. 4.4.4. Remarks by the Chairman and Members of Board of Directors, General Manager and Deputy General Manager of the Branch regarding their Shares, if any The chairman and members of the board of directors, general manager and deputy general managers hold no share. 3 BANK MELLAT, HEAD OFFICE: TEHRAN – IRAN ISTANBUL TURKEY MAIN BRANCH, ANKARA AND IZMIR BRANCHES 2011 ANNUAL REPORT 5.5.5. Remarks by the Board of Directors’ Chairman and the General Manager regarding the Operating Period and their Anticipations for the Future 5.1. Remarks by the Chairman of the Board of Directors The branch mainly aims at acting as an intermediary for the foreign trade transactions between the Republic of Turkey and the Islamic Republic of Iran and providing the banking services which the entities and institutions in both countries need to this end. This objective naturally includes providing support to finance the said foreign trade transactions. The progress in the foreign trade volume between the two countries is vital for the branch pursuant to this objective. I am more than pleased to mention that the foreign trade volume between the two countries has been gradually increasing in the past years. This trend also continued in 2011 and the export volume, import volume and total foreign trade volume increased by ca. 18%, 65% and 50% respectively to exceed $16bln compared to the previous year. It is estimated that it will further increase in the next years. There was a rapid growth in the Branch assets particularly from the last quarter of 2010 due to the developments occurred in mid-2010 as well as the increase in the foreign trade volume. It continued until the early third quarter of 2011. As a result, the growth in the branch balance sheet was well beyond the sector average in 2011. I would like to underline three pleasing points as to the growth of the Branch. First, the assets quality was maintained during such rapid growth and there was no negative events regarding the matter. Secondly the growth was achieved in those fields which the Branch targeted, was focused on and gave priority to.
Recommended publications
  • The Court of Justice Confirms the Annulment of the Fund-Freezing Measures in Place Against Bank Mellat Since 2010

    The Court of Justice Confirms the Annulment of the Fund-Freezing Measures in Place Against Bank Mellat Since 2010

    Court of Justice of the European Union PRESS RELEASE No 14/16 Luxembourg, 18 February 2016 Judgment in Case C-176/13 P Press and Information Council v Bank Mellat The Court of Justice confirms the annulment of the fund-freezing measures in place against Bank Mellat since 2010 The Council failed to provide sufficient grounds or evidence In order to strengthen efforts to combat Iran’s nuclear proliferation-sensitive activities and the development of nuclear weapon delivery systems in Iran, the Council froze the funds of various Iranian financial entities, including Bank Mellat, 1 from 2010 onwards. The reasons given for freezing Bank Mellat’s funds were essentially as follows: ‘Bank Mellat engages in a pattern of conduct which supports and facilitates Iran’s nuclear and ballistic missile programmes. It has provided banking services to United Nations and EU listed entities or to entities acting on their behalf or at their direction, or to entities owned or controlled by them. It is the parent bank of First East Export [FEE] which is designated under United Nations Security Council Resolution 1929’. Bank Mellat successfully challenged the freezing of its funds before the General Court.2 The Council subsequently appealed to the Court of Justice to have the General Court’s judgment set aside. In today’s judgment, the Court of Justice, confirming the principles established in Kadi II,3 finds, as did the General Court, that the first two sentences of the reasons set out above do not enable Bank Mellat to establish specifically which banking services it provided to which entities, particularly as the persons whose accounts were managed by Bank Mellat are not identified.

  • Iranian Psps Among Global Acquirers

    !"#$ % & ' ( # Login $ Register Search ... % & SUBSCRIBE TUESDAY October, 08 2019 " NATIONAL ENERGY ECONOMY BUSINESS & MARKETS AUTO Time TRAVEL SCI-TECH ! Business And Markets ! October 07, 2019 19:21 11 Iranian PSPs Among Global Acquirers The 11 acquirers from Iran handled only debit card payments for the domestic market. Credit cards are not issued in Iran and are very rare Today`s Top Stories 11 Iranian PSPs Among Global Acquirers !. ". #. $ '.. leven Iranian payment service provider companies are among the world’s top 150 E acquirers, according to the latest report by Nilson Report Magazine, a journal specializing in $ payment industry news and statistics. SCI Report: Behpardakht Mellat, affiliated to Bank Mellat, ranked Spendin 1 15th on the list with over 4.3 billion transactions in g 2018. The company improved one notch over its 16th Inequali place in 2017. ty With 3.6 billion transactions, Saman Bank’s E-Payment Widens Company ranked 19th in 2018, improving 4 places over Between its position in 2017. Rich and Asan Pardakht Persian ranked 22th, rising 3 places Poor compared with its previous standing at 25 in 2017. Parsian E-Commerce Company, an affiliate of Parsian 11 Iranian PSPs Bank, currently on 27th position rose from 28th in Among Global 2 Acquirers 2018. The payment company processed 2.9 billion transactions in the year. $ Iran's Q2 Iran Kish Credit Card Company handled 1.8 billion Unemploymen 3 t Drops 1.8% to transactions and took 33th spot in the new ranking. The 10.5% company registered a dramatic improvement, up 9 slots from 42 in 2017.
  • Iran-Related Designation Updates; Issuance of Iran-Related General License; Publication of Iran-Related Frequently Asked Questions

    Iran-Related Designation Updates; Issuance of Iran-Related General License; Publication of Iran-Related Frequently Asked Questions

    Iran-related Designation Updates; Issuance of Iran-related General License; Publication of Iran-related Frequently Asked Questions The following changes have been made to OFAC's SDN List: AMIN INVESTMENT BANK (a.k.a. AMINIB), No. 51 Ghobadiyan Street, Valiasr Street, Tehran 1968917173, Iran; Website http://www.aminib.com [IRAN]. -to- AMIN INVESTMENT BANK (a.k.a. AMINIB; a.k.a. "AMIN 1B"), No. 51 Ghobadiyan Street, Valiasr Street, Tehran 1968917173, Iran; Website http://www.aminib.com; Additional Sanctions Information - Subject to Secondary Sanctions [IRAN] [IRAN-E013902]. BANK KESHAVARZI IRAN (a.k.a. AGRICULTURAL BANK OF IRAN; a.k.a. BANK KESHAVARZI), PO Box 14155-6395, 129 Patrice Lumumba St, Jalal-al-Ahmad Expressway, Tehran 14454, Iran; all offices worldwide [IRAN]. -to- BANK KESHAVARZI IRAN (a.k.a. AGRICULTURAL BANK OF IRAN; a.k.a. BANK KESHAVARZI), PO Box 14155-6395, 129 Patrice Lumumba St, Jalal-al-Ahmad Expressway, Tehran 14454, Iran; Website www.agri- bank.com; alt. Website www.bki.ir; Additional Sanctions Information - Subject to Secondary Sanctions; all offices worldwide [IRAN] [IRAN-E013902]. BANK MASKAN (a.k.a. HOUSING BANK (OF IRAN)), PO Box 11365/5699, No 247 3rd Floor Fedowsi Ave, Cross Sarhang Sakhaei St, Tehran, Iran; all offices worldwide [IRAN]. -to- BANK MASKAN (a.k.a. HOUSING BANK - OF IRAN), PO Box 11365/5699, No 247 3rd Floor Fedowsi Ave, Cross Sarhang Sakhaei St, Tehran, Iran; P.O. Box 11365-3499, Ferdowsi Ave, Cross Sarhang Sakhaie St, Tehran, Iran; Website www.bank-maskan.ir; Additional Sanctions Information - Subject to Secondary Sanctions; all offices worldwide [IRAN] [IRAN-E013902].
  • June 2009 No.33, Volume 3

    June 2009 No.33, Volume 3

    ran nvestment TURQUOISE Monthly June 2009 Volume 3, No 33 PARTNERS THIS MONTH Market Overview 2 In May, the Tehran Stock Exchange continued the previous month’s trend by carrying on moving upwards. Trade volumes also rose substantially from last month. This month, a 7% stake in Tejarat Bank was offered to the market. This section provides an analysis of the market and some of the main sectors. Turquoise Iran Equity Fund 4 The Turquoise Fund performed well in May, with its NAV gaining 4.7% in value. This section provides data and charts on the performance of the Fund. Country Overview 6 Iran’s 10th Presidential election which took place on 12th June will be discussed in this section. Economy 8 The high speed train contract between Iran and a German company, domestic fuel consumption in Iran, oil and gas [eld developments in Iran and the issuance of €1 billion of government bonds, will be covered in this section. Iran Investment Monthly is produced by Turquoise Partners, No. 17 East Gord Alley, Turquoise Partners. Distributed electroni- Bidar St., Fayyazi (Fereshteh) Ave. cally by exclusive subscription. Tel : +98 21 220 35 830 Fax : +98 21 220 49 260 Chief Editor: Ramin Rabii Email : [email protected] Consulting Editor: Eddie Kerman To nd out more about Turquoise Partners, Authors: Shervin Shahriari visit our website at: Ali Mashayekhi www.turquoisepartners.com. Entrance of the Baghe Melli ( National Garden ), Tehran Tehran Entrance of the Baghe Melli ( National Garden ), © 2009 All rights reserved Market Overview 2 In May, the bull run of the Tehran Stock Exchange (TSE) continued on from April.
  • Iran Chamber of Commerce,Industries and Mines Date : 2008/01/26 Page: 1

    Iran Chamber of Commerce,Industries and Mines Date : 2008/01/26 Page: 1

    Iran Chamber Of Commerce,Industries And Mines Date : 2008/01/26 Page: 1 Activity type: Exports , State : Tehran Membership Id. No.: 11020060 Surname: LAHOUTI Name: MEHDI Head Office Address: .No. 4, Badamchi Alley, Before Galoubandak, W. 15th Khordad Ave, Tehran, Tehran PostCode: PoBox: 1191755161 Email Address: [email protected] Phone: 55623672 Mobile: Fax: Telex: Membership Id. No.: 11020741 Surname: DASHTI DARIAN Name: MORTEZA Head Office Address: .No. 114, After Sepid Morgh, Vavan Rd., Qom Old Rd, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 0229-2545671 Mobile: Fax: 0229-2546246 Telex: Membership Id. No.: 11021019 Surname: JOURABCHI Name: MAHMOUD Head Office Address: No. 64-65, Saray-e-Park, Kababiha Alley, Bazar, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 5639291 Mobile: Fax: 5611821 Telex: Membership Id. No.: 11021259 Surname: MEHRDADI GARGARI Name: EBRAHIM Head Office Address: 2nd Fl., No. 62 & 63, Rohani Now Sarai, Bazar, Tehran, Tehran PostCode: PoBox: 14611/15768 Email Address: [email protected] Phone: 55633085 Mobile: Fax: Telex: Membership Id. No.: 11022224 Surname: ZARAY Name: JAVAD Head Office Address: .2nd Fl., No. 20 , 21, Park Sarai., Kababiha Alley., Abbas Abad Bazar, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 5602486 Mobile: Fax: Telex: Iran Chamber Of Commerce,Industries And Mines Center (Computer Unit) Iran Chamber Of Commerce,Industries And Mines Date : 2008/01/26 Page: 2 Activity type: Exports , State : Tehran Membership Id. No.: 11023291 Surname: SABBER Name: AHMAD Head Office Address: No. 56 , Beside Saray-e-Khorram, Abbasabad Bazaar, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 5631373 Mobile: Fax: Telex: Membership Id. No.: 11023731 Surname: HOSSEINJANI Name: EBRAHIM Head Office Address: .No.
  • Annual Report Bank Mellat Turkey 2016

    Annual Report Bank Mellat Turkey 2016

    ANNUAL REPORT BANK MELLAT TURKEY 2016 BANK MELLAT, HEADQUARTERS: TEHRAN – IRAN, TURKEY HEAD OFFICE IN ISTANBUL, BRANCH OFFICES IN ANKARA AND IZMIR 2016 ANNUAL REPORT TABLE OF CONTENTS I. GENERAL PRINCIPLES WITH RESPECT TO THE ANNUAL REPORT II. CONTENTS OF THE ANNUAL REPORT A. Introduction 1. Summary Financial Information 2. Historical Development of the Branch 3. Shareholding Structure of the Branch 4. Changes in its Capital and Shareholding Structure During the Operating Period 5. Titles of Natural or Legal Persons who hold Qualified Shares and Information about Their Shares 6. Remarks Regarding the Shares, if any, Held by the Chairman and Members of the Board of Managers and General Manager and Deputy General Managers of the Branch 7. Remarks on the Operating Period made by the Chairman of the Board of Managers and General Manager and Their Prospects 7.1. Message of the Chairman of the Board of Directors 7.2. General Manager’s Message 8. Remarks Regarding the Staff, Number of Branches, Branch Service Type, Scope of Activities and Position in the Sector B. Information about the Management and Corporate Governance Practices 1. Board of Managers 2. Senior Management 3. Information About the Operations Conducted Pursuant to the Provisions of the Regulation on the Internal Systems of Banks and the Department Managers Regarding Internal Systems 4. Other Committees 5. Information Regarding Human Resources Practices 6. Information about the transactions with the risk group in which the branch is included 6.1. Information about the credits extended to the risk group in which the branch is included 6.2. Information about deposit accounts owned by the risk group in which the branch is included 6.3.
  • Banking Crisis: Empirical Evidence of Iranian Bankers

    Banking Crisis: Empirical Evidence of Iranian Bankers

    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Salehi, Mahdi; Mansouri, Ali; Pirayesh, Reza Article Banking crisis: Empirical evidence of Iranian bankers Pakistan Journal of Commerce and Social Sciences (PJCSS) Provided in Cooperation with: Johar Education Society, Pakistan (JESPK) Suggested Citation: Salehi, Mahdi; Mansouri, Ali; Pirayesh, Reza (2009) : Banking crisis: Empirical evidence of Iranian bankers, Pakistan Journal of Commerce and Social Sciences (PJCSS), ISSN 2309-8619, Johar Education Society, Pakistan (JESPK), Lahore, Vol. 2, pp. 25-32 This Version is available at: http://hdl.handle.net/10419/187987 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von
  • 20 Bank Pasargad

    20 Bank Pasargad

    Experience of Iran November in Islamic Banking 2019 1 In the name of God Experience of Iran in Islamic Banking 1. Preface During the past few decades Islamic banking has grown dramatically in the world and many non-Islamic countries have welcomed it as an alternative banking system working in parallel to conventional banking and have authorized establishment of Islamic banks in their territory or Islamic banking departments within conventional banks observing Islamic banking principles and guidelines. After the Iranian revolution, contrary to many Islamic countries which carry out both Islamic and conventional banking systems, such as GCC countries, as required by the Iranian constitution, all banks in Iran, both foreign and domestic, are obliged to exclusively observe and practice Islamic banking. Henceforth, there is no relationship or cooperation between conventional and Islamic banks in Iran. Notwithstanding, all Iranian banks are free to have correspondent banking relations with conventional international banks established outside of Iran. 2. Iran Banking System The history of banking commenced in Iran in year 1888 by the British when they established the Imperial Bank of Persia. Soon after, the Russians opened the Russian Loan and Development Bank. The first Iranian bank, Pahlavi Ghoshoon (today called Bank Sepah) was opened in year 1925. Bank Melli Iran (meaning the “National Bank of Iran” in Farsi) was established in year 1928 and functioned as both a commercial and a central bank during the period 1931- 1960. 2 In 1960, the Central Bank of Iran was established according to the Banking and Monetary Law, and accordingly Bank Melli Iran became merely a commercial bank.
  • Annual Report BPA for PDF-3

    Annual Report BPA for PDF-3

    BANK PASARGAD 2007/2008 Annual Report CONTENT Second Edition *The Iranian calendar year has a 621 year difference with the Gregorian calendar year , and begins on the 21st of March and ends on 20 th of March the following year. Iranian Year Gregorian Year 1386 March 21st, 2007 - March 19th, 2008 1385 March 21st, 2006 - March 20th, 2007 1384 March 21st, 2005 - March 20th, 2006 1 U S Dollar = 9300 IR Rls. MISSION STATEMENT We, at Bank Pasargad strive to reach our strategic goal and attain a position within the top 500 companies in the globe through: lMaximizing the added value for our customers, lCreating sustainable shareholders' wealth via business growth and management efficiency, lProviding a challenging and pleasant business environment for our dedicated employees, lObserving prudential banking standards and standing accountable to our community and environment. 1 Annual Report 2008 PERFORMANCE HIGHLIGHTS IN 2008 Bank Pasargad 2 PERFORMANCE HIGHLIGHTS IN 2008 Achievements: Jaame’a News: Selected, best bank in customer satisfaction. Bank & Insurance News Agency (BINA): Selected, best bank in customer satisfaction. 3 Annual Report 2008 MESSAGE FROM MANAGEMENT In The Name of Allah, The Compassionate, The Merciful The Pasargad Group's performance for the fiscal year 2007/2008 well exceeded expectations; despite volatile market conditions, profits before tax rose by 96%, the investment banking and investment management businesses all achieved revenues surpassing those of 2006/2007, our retail and commercial banking activities experienced positive growth, both in domestic and international markets, which have sharply boosted our annual performance results. 2007/2008 was an eventful year for both Bank Pasargad Group and the domestic financial services industry.
  • Billing Code 4810-Al Department

    Billing Code 4810-Al Department

    This document is scheduled to be published in the Federal Register on 10/14/2020 and available online at federalregister.gov/d/2020-22723, and on govinfo.gov BILLING CODE 4810-AL DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Actions AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Notice. SUMMARY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC’s list of Specially Designated Nationals and Blocked Persons (SDN List) based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. DATES: See Supplementary Information section for applicable date(s). FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global Targeting, tel.: 202-622-2420; Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-622-2490; or Assistant Director for Licensing, tel.: 202-622-2480. SUPPLEMENTARY INFORMATION: Electronic Availability The SDN List and additional information concerning OFAC sanctions programs are available on OFAC’s Web site (www.treas.gov/ofac). Notice of OFAC Actions On October 8, 2020, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authorities listed below. Entities 1. AMIN INVESTMENT BANK (a.k.a. AMINIB; a.k.a. “AMIN IB”), No. 51 Ghobadiyan Street, Valiasr Street, Tehran 1968917173, Iran; Website http://www.aminib.com; Additional Sanctions Information - Subject to Secondary Sanctions [IRAN] [IRAN-EO13902].
  • Annual Report Annual Report

    Annual Report Annual Report

    Tehran Stock Exchange Annual Report Exchange 2011 Stock Tehran Tehran Stock Exchange Address: No.228,Hafez Ave. Tehran - Iran Tel: (+98 021) 66704130 - 66700309 - 66700219 Fax: (+98 021) 66702524 Zip Code: 1138964161 Gun-metal relief discovered in Lorestan prov- ince, among the Achaemedian dynasty’s (550-330 BC)Antiquities. Featuring four men, hand in hands, indicating unity and cooperation; standing inside circles of 2011 globe,which is it, according to Iranian ancient myths, put on the back of two cows, ANNUAL symbols of intelligence and prosperity. Tehran Stock Exchange Implementation: CAPITAL&MARKET REPORT ANNUAL REPORT Tehran Stock Exchange 2011 Tehran Stock Exchange Tehran www.tse.ir Annual Report 2011 2 Tehran Stock Exchange Tehran www.tse.ir Mission Statement To develop a fair, efficient and transparent market equipped with diversified instruments and easy access in order to create added value for the stakeholders. Vision To be the region’s leading Exchange and country’s economic growth driver. Goals To increase the capital market’s share in financing the economic productive activities. To apply the effective rules and procedures to protect the market’s integrity and shareholders’ equity. To expand the market through using updated and efficient technology and processes. To promote financial literacy and develop investing and shareholding culture in Iran. To extend and facilitate the market access through information technology. To create value for shareholders and comply with transparency and accountability principles, with cooperation
  • Iran Sanctions

    Iran Sanctions

    Iran Sanctions Kenneth Katzman Specialist in Middle Eastern Affairs Updated November 15, 2019 Congressional Research Service 7-.... www.crs.gov RS20871 SUMMARY RS20871 Iran Sanctions November 15, 2019 Successive Administrations have used economic sanctions to try to change Iran’s behavior. U.S. sanctions, including “secondary sanctions” on firms that conduct certain Kenneth Katzman transactions with Iran, have adversely affected Iran’s economy but have had little Specialist in Middle observable effect on Iran’s pursuit of core strategic objectives such as its support for Eastern Affairs regional armed factions and its development of ballistic and cruise missiles. [email protected] For a copy of the full report, During 2012-2015, when the global community was relatively united in pressuring Iran, please call 7-.... or visit Iran’s economy shrank as its crude oil exports fell by more than 50%, and Iran had www.crs.gov. limited ability to utilize its $120 billion in assets held abroad. Iran accepted the 2015 multilateral nuclear accord (Joint Comprehensive Plan of Action, JCPOA), which provided Iran broad relief through the waiving of relevant sanctions, revocation of relevant executive orders (E.O.s), and the lifting of U.N. and EU sanctions. Remaining in place were a general ban on U.S. trade with Iran and U.S. sanctions on Iran’s support for regional governments and armed factions, its human rights abuses, its efforts to acquire missile and advanced conventional weapons capabilities, and the Islamic Revolutionary Guard Corps (IRGC). Under U.N. Security Council Resolution 2231, which enshrined the JCPOA, nonbinding U.N.