Eastern Bank (Bangladesh)

Eastern Bank PLC.
Company typePrivate (Non-Government)
DSEEBL
CSEEBL
IndustryBanking
FoundedAugust 8, 1992 (1992-08-08)
HeadquartersDhaka, Bangladesh
Key people
Md. Showkat Ali Chowdhury (Chairman)
Ali Reza Ifekhar (Managing Director & CEO)
ProductsBanking services
IncreaseUS$180 million (2019)
IncreaseUS$95 million (2019)
Total assetsIncreaseUS$4 billion (2019)
Number of employees
3000+
RatingLong-term foreign currency deposit rating of B1 (Moody's)
Websiteebl.com.bd

Eastern Bank PLC. (Bengali: ইস্টার্ন ব্যাংক পিএলসি) is a private commercial bank headquartered in Dhaka, Bangladesh.[1][2][3] It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991. Its share are listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange. The bank provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. It has 85 branches and 214 ATMs in Bangladesh and employs around 3000 employees.[4]

Eastern Bank PLC. is going to open its first overseas full-fledged branch in Calcutta, India.[5] This branch in India will be its first foreign branch outside of Bangladesh. Presently, EBL has a subsidiary in Hong Kong named EBL Finance (HK) Limited and a representative office in Myanmar.[4] EBL opened its third representative office on the Chinese mainland in Guangzhou on September 29, 2019.[6]

  1. ^ "Bangladesh Bank to probe 'freak transactions' in Eastern Bank Ltd". bdnews24.com. Retrieved 9 May 2016.
  2. ^ "Laila Sharmeen to exhibit at World Art Games". The Daily Star. 29 April 2016. Retrieved 9 May 2016.
  3. ^ "Star Melodies' tribute to Khandaker Nurul Alam and Robin Ghosh". The Daily Star. 28 April 2016. Retrieved 9 May 2016.
  4. ^ a b "EBL Annual Report 2018" (PDF). Eastern Bank PLC. Archived from the original (PDF) on 27 June 2019. Retrieved 28 June 2019.
  5. ^ "Bangladeshi Eastern Bank to open branch in Kolkata". bdnews24.com. Retrieved 27 June 2019.
  6. ^ "Bangladesh's Eastern Bank opens first office on Chinese mainland". Xinhua News Agency. Archived from the original on 8 October 2019. Retrieved 14 November 2019.

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