Eastern Bank (Bangladesh)

Eastern Bank PLC. (Bengali ：ইস্টার্ন ব্যাংক পিএলসি） Is A Private Commercial Bank Headquartered In Dhaka, Bangladesh. It Was Established On August 8, 1992 And Is A Public Limited Company With Limited Liability Under The Banking Companies Act, 1991. Its Shares Are Listed On The Dhaka Stock Exchange And The Chittagong Stock Exchange. The Bank Offers Products And Services In Retail Banking, Corporate Finance, Asset Management, Stockbroking And Securities. It Has 87 Branches And 214 ATMs In Bangladesh And Has About 3,000 Employees.

Eastern Bank PLC. Will Open Its First Formal Overseas Branch In Kolkata, India. This Branch In India Will Be Its First Foreign Branch Outside Of Bangladesh. Currently, EBL Has A Subsidiary Called EBL Finance (HK) Limited In Hong Kong And A Representative Office In Myanmar. EBL Opened Its Third Representative Office In Chinese Mainland In Guangzhou On September 29, 2019.

History

Eastern Bank PLC. Started Operations On August 16, 1992. Before 1992, EBL Operated As Bank Of Credit And Commerce International (BCCI), Which Was Later Converted Into Eastern Bank PLC.

In February 2017, Eastern Bank PLC. Announced Compensation For Customers Whose Card Information Was Stolen From The Bank's ATMs After Bangladesh Bank Ordered Compensation For Customers. City Bank And United Commercial Bank Were Also Targeted By Hackers.

In May 2018, A Security Guard At Eastern Bank PLC In Camp Dhaka Was Killed While On Duty.

AM Shaukat Ali, Director Of Eastern Bank And Chairperson Of Engineering Consultants And Associates Limited, Passed Away In August 2020. Eastern Bank Increased Its Investment In Government Securities By 63%.

In January 2022, Eastern Bank Announced Plans To Issue Bonds Worth 5 Billion Bangladeshi Taka. Ali Reza Iftekhar Was Reappointed As Managing Director Of Eastern Bank In June. Bangladesh Bank Vs. Eastern Bank PLC. Imposed A Fine Of 500,000 Bangladeshi Taka For Breaching The Single Borrower Risk Limit In Its Loans To EBL Securities Limited And EBL Finance (Hong Kong) Limited. Eastern Bank PLC. Announced Plans To Raise 1.20 Billion Bangladeshi Taka For Thengamara Mohila Sabuj Sangha. It Received The 2021 Sustainability Rating Award From Bangladesh Bank. It Helped Banglalink Arrange A Syndicated Loan Of £1.20 Billion.

In January 2023, A Fire Broke Out At The Branch Of Eastern Bank In Harishahar, Chittagong, And Was Brought Under The Control Of The Bangladesh Fire Department And Civil Defence Department.

Subsidiary

• EBL Securities Limited (Stock Trading And Brokerage)
• EBL Investments Limited (Commercial Banking)
• Yufeng Asset Management Limited (Providing Asset Management)
• EBL Finance (HK) Limited (the First Foreign Subsidiary To Engage In Trade Finance And Offshore Banking In Hong Kong)
• Representative In Yangon, Myanmar
• Guangzhou Representative Office, Chinese Mainland

Board Of Directors

• Dr. Showkat Ali Chowdhury (Chairperson )
• M. Ghazir Haq
• Mir Nasir Hussein
• Salina Ali
• Anis Ahmed
• Mufaharul Islam Haslu
• Ormaan Rafay Nizam (currently Unavailable)
• Dr. Shawkat Hossain Gazi
• K.J. S. BANU
• Zara Namrin
• Tufik Ahmad Chowdhury
• Ashik Imran
• Ruslan Nasir
• K M Tanjib-ul Alam
• Ali Reza Iftekhar (CEO And Managing Director)

Shareholding Model

As Of September 30, 2019: