Eastern Bank PLC. | About EBL

Eastern Bank PLC.: A symbol of stability

EBL began its journey in 1992. Within three decades, EBL grew into one of the most valuable financial institutions of the country. With a growth mindset, EBL has not only focused on ensuring profitability, but also demonstrated commitment to contribute to the economic development of the country. The chemistry behind EBL’s stellar performance is its commitment to corporate governance, its passion for innovation, and its dedication to service excellence. Considered as a smart and progressive bank in Bangladesh, EBL is now a symbol of stability.

EBL AT A GLANCE - 2023

EPS

BDT 5.06 (SOLO)

BDT 5.07 (CONSOL)
NPL

3.10% (SOLO)

3.19% (CONSOL)
Return on Equity

16.33% (SOLO)

16.05% (CONSOL)
CRAR

15.04% (SOLO)

14.78% (CONSOL)
Trade Volume Handled By EBL

USD 4.8 Billion
Loan & Advances

BDT 353,357 Million (SOLO)

BDT 355,905 Million (CONSOL)
Assets

BDT 508,554 Million (SOLO)

BDT 513,758 Million (CONSOL)
Deposit

BDT 366,104 Million (SOLO)

BDT 364,765 Million (CONSOL)

Corporate Information

Corporate Governance

Here we present the spearheads of Eastern Bank PLC who played an indispensable role from the very beginning till today.

Board of Directors | Management

Achievements

We are very much under the grip of this age of digitization and virtual reality. The market place, be it product or financial...

Brand Communications

EBL's communication initiatives leverage its renowned logo introduced in 2003, the tri-colour mnemonic ...

Directors'

Report

Investors'

Relations

Price

Sensitive Information

Vision, Mission & Values

Vision

To become the most valuable brand in the financial services in Bangladesh creating long-lasting value for our stakeholders and above all for the community we operate in by transforming the way we do business and by delivering sustainable growth.

Mission

We will deliver service excellence to all our customers, both internal and external.
We will ensure to maximize shareholders' value.
We will constantly challenge our systems, procedures and training to maintain a cohesive and professional team in order to achieve service excellence.
We will create an enabling environment and embrace a team based culture where people will excel.

Core Values

Service Excellence	We passionately drive customer delight. We use customer satisfaction to accelerate growth. We believe in change to bring in timely solution.

Commitment	We know our roadmap. We believe in continuous improvement. We do our task before we are told.

Openness	We share business plan. We encourage two-way communications. We recognize achievements, celebrate results.

Integrity	We say what we believe in. We respect every relationship. We are against abuse of information power.

Trust	We care for each other. We share knowledge. We empower our people.

Responsible Corporate Citizen	We are tax-abiding citizen. We promote protection of the environment for our progeny. We conform to all laws, rules, norms, sentiments and values of the land.

Company Milestones

2023

November 30, 2023: EBL has been awarded Bangladesh’s ‘Bank of the Year 2023.’ The accolade was conferred upon EBL by the renowned London-based international financial analysis and intelligence publication, The Banker. EBL becomes the first local bank to receive the coveted award for the third time 2020, 2021 and 2023.
November 27, 2023: EBL has clinched awards at the "Mastercard Excellence Awards 2023" in three categories. The bank won "Excellence in Mastercard Business (Innovation)" for its SkyTrip Credit Card, "Excellence in Mastercard Business (Innovation)" for wearable payment solution, and ‘Excellence in Mastercard Online Acquiring Business.’
November 19, 2023: Most Innovative Partner by the country's leading Travel Assistant Company, ShareTrip.
November 9, 2023: EBL wins e-Commerce Movers Award (eCMA) 2023 for its significant contribution to Bangladeshi e-commerce industry.
November 7, 2023: EBL has won gold award at the ICMAB Best Corporate Award 2022 in the Private Commercial Bank category.
October 14, 2023: EBL has won gold award in general banking category for its outstanding corporate governance practices as well as transparency and accountability in overall management at the 10th ICSB National Award 2022 for Corporate Governance Excellence
September 14, 2023: EBL has won Visa Excellence Awards in four categories at the Visa Leadership Conclave - Towards a Cashless, Smart Bangladesh 2023 for their outstanding achievements in Excellence in E-commerce Acquiring, Excellence in Cybersource-Payment Gateway, Excellence in Co-brand Cards, and Excellence in Cross-Border Payments.
September 11, 2023: EBL in collaboration with Payment Network partners Mastercard and Visa has officially launched the nation's first wearable payment devices branded WEAREBL.
September 3, 2023 : Eastern Bank Limited has been renamed as Eastern Bank PLC. (EBL)
August 23, 2023 : EBL, renowned for its innovative financial products and services, successfully closed Bangladesh's first local currency interest rate swap deal with Pran Agro Ltd., a leading player in the manufacturing sector.
July 25, 2023 : EBL Securities Ltd. has won the Independence Golden Jubilee Award 2022 given by the Bangladesh Securities and Exchange Commission (BSEC). It won the first prize under the Stock Broker and Stock Dealer category for significant contributions to the development and progress of the country's capital market.
July 20, 2023 : EBL wins the International Finance Banking Awards 2023 under the category of ‘Most Innovative Retail Bank in Bangladesh’. The accolade was conferred upon EBL by the renowned London-based International Finance magazine, known for its comprehensive coverage of the global financial sector.
June 27, 2023 : EBL adjudged "Bangladesh's Best Domestic Bank 2023" by ASIAMONEY
June 25, 2023 : The Credit Rating Agency of Bangladesh has assigned its highest credit rating, "AAA", for EBL, which denotes an extremely strong capacity to meet financial commitments.
February 8, 2023 : Ali Reza Iftekhar, MD and CEO wins first Kotler CEO of the year award

2022

December 17,2022: EBL has won gold award in the banking category at the 9th ICSB National Award for Corporate Governance Excellence 2021.
December 15,2022: Ali Reza Iftekhar, the longest serving Managing Director and CEO of Eastern Bank PLC. won 'Best Banking CEO of the Year, Bangladesh 2022' from World Business Outlook.
December 01,2022: EBL received the Bronze Award in "ICMAB Best Corporate Award 2021" in the private commercial bank category.
November 24,2022: EBL wins the Mastercard Excellence Award in two categories - Mastercard Prepaid Business and Mastercard Online Acquiring Business
July 18, 2022: Eastern Bank has won the Best Domestic Bank 2022 Asiamoney Best Bank Awards for Bangladesh for second consecutive years.
July 14, 2022: EBL won Euromoney Best Bank in Bangladesh Award at the Euromoney Awards for Excellence 2022 in London. EBL is the only bank in Bangladesh to win the coveted award for the fourth time from 2016-2018 and in 2022.
June 23, 2022: EBL wins Visa Excellence Award in four different categories at the Visa Leadership Conclave-Digital Payments for Smart Bangladesh 2022. The categories are Excellence in Cross-Border Issuing Business, Excellence in E-commerce Acquiring Business, Excellence in CyberSource Processing, and Excellence in Value Added Service (VAS) Products.
January 10, 2022: EBL is the only bank in Bangladesh to be awarded Fastest Growing Digital Bank of 2021 by International Finance Banking Awards

2020 - 2021

December 1, 2021: EBL has been awarded the prestigious Bank of the Year 2021 for Bangladesh by The Banker. EBL is the first bank in Bangladesh to win the award for two consecutive years from 2020 - 2021. The award truly demonstrated a level of stability that is testament to the organizational strength.
November 27, 2021: EBL has won the first Bangladesh FinTech award in 2021 in the 'Fintech Innovation of the year-Banks' category for EBLConnect, a solution developed by EBL ICT Division for Corporate customers.
March 26, 2021: Asiamoney has picked up Eastern Bank PLC. as Best Domestic Bank in the 2021 Asiamoney Best Awards for Bangladesh. EBL won the award for the first time.
January 17, 2021: EBL has been awarded by International Finance Corporation (IFC) under World Bank Group as the Best Partner for Equipment Trade in South Asia under Global Trade Finance Program.
October 28, 2020: EBL has been recognized with the 2020 Leading SME Trade Bank award for its outstanding contribution in supporting small- and medium-sized enterprises in Bangladesh by Asian Development Bank (ADB)
Thursday, October 15, 2020: EBL wins awards from Visa in three categories - Excellence in Product Innovation, Excellence in E-commerce Acquiring Business and Excellence in Cross-Border Business for the year 2019-2020 from VISA.
March 30, 2020: 2020 Euromoney-Asiamoney Trade Finance Survey
- Eastern Bank PLC. ranked number 1 in Market Leaders (Asian Banks) in Bangladesh
- Eastern Bank PLC. ranked number 1 in Best Services (Asian Banks) in Bangladesh
December 02, 2020: EBL has been awarded the prestigious Bank of the Year 2020 for Bangladesh by The Banker.

2018 - 2019

March 25, 2019 EBL received Asiamoney Best Corporate and Investment Bank in Bangladesh Award for 2018. EBL has been awarded for three consecutive awards.
June 27, 2019 EBL won the Best Employer Brand Award 2019 at the 14th Employer Branding Awards at Pan Pacific Sonargaon, Dhaka. The award was given by the globally renowned Employer Branding Institute.
September 08, 2019 EBL won the Best Employer Brand Award 2019 at the 14th Employer Branding Awards at Pan Pacific Sonargaon, Dhaka. The award was given by the globally renowned Employer Branding Institute.
September 29, 2019 EBL opened its first representative office in Guangzhou, China
December 15, 2019 EBL has won the prestigious “ICMAB Best Corporate Award 2018” securing the first position in the Private Commercial Bank Category.
December 16, 2019 EBL won the Most Innovative Retail Bank – Bangladesh 2019 by the International Finance Magazine.

2017 - 2018

March 17, 2017 EBL won the prestigious Best Retail Bank in Bangladesh award for 2017 consecutively for fifth times by The Asian Banker.
June 29, 2017 EBL was adjudged as the Best Bank in Bangladesh by FinanceAsia.
July 13, 2017 EBL repeated the performance in 2017 by winning Euromoney Best Bank in Bangladesh award for the second consecutive year.
September 26, 2017 EBL received Asiamoney Best Corporate and Investment Bank in Bangladesh Award for 2017.
December 28, 2017 EBL launched country's first Artificial Intelligence (AI) - based banking chatbot titled 'EBL DIA' (EBL Digital Interactive Agent) - where anyone can interact with through chatting with an AI-based Chat Robot on social media platform.
May 24, 2018 EBL received Asian Banker Transaction Awards-2018 in two categories: Best Cash Management Bank in Bangladesh and Best Trade Finance Bank in Bangladesh at China World Hotel in Beijing.
June 24, 2018 EBL has moved into its permanent home at 100 Gulshan Avenue, Dhaka. This is a state-of-the-art intelligent building and also an architectural landmark of the city.
July 18, 2018 EBL became Euromoney Best Bank in Bangladesh by repeating the performance in 2018 for the third consecutive year.
September 1, 2018 EBL has been recognized as a 'Superbrand' of the country for the year 2018-2020 by the Superbrands Bangladesh. This is the second time EBL has been adjudged with this award.
November 10, 2018 EBL won the gold award at the 'ICSB National Award for Corporate Governance Excellence 2017' in the 'Banking Companies' category by the Institute of Chartered Secretaries of Bangladesh (ICSB). This is EBL's third gold award in last five years.
December 08, 2018 EBL won 2nd prize of ICMAB's 'Best Corporate Award 2017' under Traditional Private Commercial Bank Category.

2014 - 2016

February 20, 2014 EBL has been awarded the Best Partner for Working Capital Systemic Solutions in 2013 by IFC.
April 3, 2014 Best Retail Bank in Bangladesh 2014 awarded by the Asian Banker
April 29, 2014 EBL wins the ICMAB Best Corporate Award 2013
July 31, 2014 Global Brand Excellence Award by The World Brand Congress
November 11, 2014 Best Structured SME Bank of the Year 2014
November 30, 2014 The 14th ICAB National Awards for the Best Presented Annual Reports 2013
December 04, 2014 ICSB National Award for Corporate Governance Excellence 2013 in the banking company category
March 19, 2015 EBL wins the prestigious Best Retail Bank for Bangladesh2015 award.
November 10, 2015 EBL won the 'ICSB National Award for Corporate Governance Excellence-2014' in the Banking Companies category
March 21, 2016 EBL is the first bank in Bangladesh to be awarded Ba3 ratings by Moody's
October 2016 EBL achieved the global standard in payment-card security certification 'Payment Card Industry Data Security Standard (PCI DSS) from world's top cyber security leader NCC Group based in UK
November 28, 2016 EBL wins 3rd prize best financial reporting at The Institute of Chartered Accountants of Bangladesh or ICAB awards
December 24, 2016 Eastern Bank PLC (EBL) won the second prize at the 3rd ICSB National Award for Corporate Governance Excellence 2015.

2010 - 2013

March 1, 2010 Acquired 60% shares of a brokerage house 'LRK Securities Limited' renamed afterwards as 'EBL Securities Limited' and was acquired fully in 2012.
April 4, 2010 Implemented 'Universal Banking System (UBS)', world's one of the renowned core banking solutions as a first bank in Bangladesh.
January 09, 2011 Incorporated 'EBL Asset Management Limited', a fully owned subsidiary of the Bank to do asset management i.e. managing mutual funds.
May 11, 2011 Centralized operations of EBL got Quality Management Systems Certificate as per ISO 9001: 2008
June 25, 2011 Adjudged the Best Financial Institution 2010 at the DHL Daily Star Bangladesh Business Awards.
November 25, 2011 Conferred Global awards for Brand Excellence in the category of 'Best Banking and Financial Services' by The Global Brand Congress.
November 28, 2011 Incorporated with HK authority 'EBL Finance (HK) Limited', the fully owned first foreign subsidiary of EBL.
July 19, 2012 Crowned Asia's Best Employer Brand Awards 2012 in the category of 'Best HR Strategy in line with business' by World HR Congress & Employer Branding Institute.
July 25, 2012 EBL CEO awarded 'CEO of The Year' by World HR Congress & World Brand Congress Hosted by Asian Confederation of Businesses.
October 1, 2012 Annual Report 2011 Awarded 2nd prize as 'Best Presented Annual Report Awards' by ICAB.
October 5, 2012 IFC awarded EBL the Best GTFP Issuing Bank in South Asia in 2012
March 22, 2013 EBL wins the Best Retail Bank in Bangladesh 2013 awarded by the Asian Banker.

2006-2009

March 5, 2006 Centralization of liability product processing functions at Service Delivery.
June 6, 2006 Launched SME Banking Division.
November 09, 2006 Partnered with ADB under Trade Finance Facilitation Program (TFFP) to receive guarantee and revolving credit facility.
July 1, 2007 Launched Own Managed Cards Software and Production System.
May 25, 2008 First 'Right Issue' declared @ 2:1 at par.
February 13, 2009 Commencement of Investment Banking Operations.
April 19, 2009 Registration of EBL 1st Mutual Fund with Securities and Exchange Commission.
April 26, 2009 Launched Priority Banking for premium customer segment.
April 2009 Awarded 'Superbrand' by Superbrands Inc. for the period 2009-2011.
November 2009 EBL was awarded 3rd position for Annual Report 2008 in the 'Best Published Accounts' by ICAB and conferred a 'Certificate of Merit' award for 'Best
Presented Accounts and Corporate Governance Disclosures Awards 2008' by SAFA.
December 30, 2009 Established 'EBL Investments Limited' a fully owned subsidiary to do merchant banking (MB) operations (MB License received in January 2013).

2002 - 2004

January 19, 2002 Centralization of Trade Services.
July 17, 2003 Launched online banking services across all the branches.
January 25, 2004 Obtained permission from Bangladesh Bank for Offshore Banking Unit, Bangladesh.
May 19, 2004 Commenced of operations of Off shore Banking Unit, Bangladesh.
September 11, 2004 Listed with Chittagong Stock Exchange Ltd.
June 27, 2005 Authorized share capital increased to BDT 3.3 billion.
November 30, 2005 Partnered with IFC under Global Trade Finance Program (GTFP) for better handling complex trade transactions.