Eastern Bank (Bangladesh) Profile and Corporate Responsibility

Eastern Bank (Bangladesh) is a well-established financial institution with a strong presence in the country. It was founded in 1992.

The bank has a significant presence in Bangladesh, with a large network of branches and a wide range of financial services. Eastern Bank has a strong commitment to corporate responsibility.

One of the key areas of focus for Eastern Bank is its commitment to community development. The bank has implemented various initiatives to promote education, healthcare, and economic empowerment in the communities it serves.

Discover more: Eastern Bank Swift Code

Eastern Bank is a well-established bank in Bangladesh, with a presence in the country's financial sector. It's a name you might have come across if you've ever needed to transfer money or do business in Bangladesh.

The bank's SWIFT code is EBLDBDDH, which is a unique identifier used for international transactions. This code is made up of eight characters, with EBLDBDDH being the main code and 021 being the branch code.

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Eastern Bank has a physical branch located in Dhaka, the capital city of Bangladesh. You can find it at Block A, 03, 04 Main Road, Section 11.

Here are some key details about Eastern Bank's Dhaka branch:

Eastern Bank Limited (EBL) offers a wide range of products and services to cater to the diverse needs of its clients.

EBL's innovative services include Student Banking, Priority Banking, and Platinum card, which demonstrate the bank's commitment to providing unique solutions for its customers.

The bank's product lineup includes Savings and Current accounts, Personal Loans, Debit and Credit cards, Prepaid cards, Internet banking, and many more.

EBL has also introduced customer-friendly products such as EBL Uddom and EBL Mukti for Small and Medium-sized Enterprises (SMEs), making it easier for them to manage their financial needs.

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The company's shareholding pattern is a vital aspect of its operations. The majority of the company's shares are held by institutional investors, who own around 60% of the total shares.

These institutional investors include mutual funds, insurance companies, and pension funds. They have a significant influence on the company's decision-making process.

Individual investors hold approximately 30% of the company's shares, with the remaining 10% held by the company's promoters and employees. This distribution of shareholding is crucial in understanding the company's ownership structure.

The company's large public float makes it an attractive investment opportunity for both domestic and foreign investors. This is evident in the company's ability to raise capital through public issues of shares and bonds.

As a result, the company's share price is influenced by market forces and investor sentiment. This makes it essential for investors to stay informed about the company's performance and prospects.

Eastern Bank Limited (EBL) offers a wide range of products and services to cater to diverse customer needs. The bank has grown significantly over the past two decades, making it an able player in the competitive banking industry in Bangladesh.

EBL's innovative services include Student Banking, Priority Banking, and Platinum card. These services demonstrate the bank's commitment to providing tailored solutions for its clients.

The bank's product portfolio includes Savings and Current accounts, Personal Loans, Debit and Credit cards, Prepaid cards, Internet banking, Corporate banking, SME banking, Investment banking, Treasury and Syndication services. This comprehensive range of products makes EBL a one-stop solution for all financial needs.

EBL has introduced several new products and services in Bangladesh, totaling 12 innovative offerings.

Eastern Bank has a strong presence in the country with a total of 51 branches across major cities, including the capital.

Its extensive network also includes 92 ATMs and 16 kiosks strategically located in various areas.

These branches and ATMs cover cities and townships such as Chittagong, Rajshahi, Sylhet, Khulna, and Cox’s Bazar.

Eastern Bank has a significant presence in the country, with a total of 51 branches spread across major cities and the capital.

These branches are strategically located in areas like Chittagong, Rajshahi, Sylhet, Khulna, and Cox’s Bazar.

Eastern Bank operates a large network of ATMs, with 92 machines available in various parts of the country.

Additionally, the bank has 16 kiosks in different areas, providing customers with convenient access to banking services.

A SWIFT/BIC code is an 8-11 character code that identifies your country, city, bank, and branch. It's like a unique address for your bank.

The code is divided into four parts, each with a specific function.

The bank code is a 4-letter code that represents the bank. It's usually a shortened version of the bank's name.

The country code is a 2-letter code that represents the country the bank is in.

The location code is a 2-character code made up of letters or numbers that says where the bank's head office is.

The branch code is a 3-digit code that specifies a particular branch. 'XXX' represents the bank's head office.

Here's a breakdown of the different parts of a SWIFT/BIC code:

Eastern Bank has demonstrated remarkable resilience during the 2010 global economic recession, maintaining a 66.7% profit growth in Bangladesh despite the challenges.

The bank's Non Performing Loan Ratio decreased to 1.99% from 2.47% the previous year, and its Earning per Share (EPS) reduced by 66%.

EBL's ability to adapt to customer needs is evident in its innovative services like Priority Banking, Travel related product, and SME Debit card.

The bank's commitment to social responsibility is also noteworthy, as it introduced a mobile phone based remittance service for people in remote areas, and established a Women Entrepreneur Cell to support female entrepreneurs.

Eastern Bank's logo represents Trust and Service, reflecting its values and mission.

The Board of Directors plays a crucial role in overseeing the organization's achievements and responsibility. They are responsible for making key decisions that shape the company's future.

The Board of Directors consists of highly experienced and skilled individuals. For instance, Md. Showkat Ali Chowdhury serves as the Chairman of the Board.

Here is the list of Board of Directors:

The Chief Executive Officer and Managing Director, Ali Reza Iftekhar, plays a vital role in the organization's leadership.

Eastern Bank has achieved remarkable results despite the global economic recession in 2010, with a 66.7% profit growth.

The bank's non-performing loan ratio decreased to 1.99% from 2.47% in the previous year, showing a significant improvement in loan management.

Its earning per share (EPS) was reduced by 66%, but the bank still managed to maintain a strong credit rating of AA.

EBL's credit rating was upgraded from AA- to AA, a testament to the bank's financial stability.

The bank introduced various innovative services such as Priority Banking, Travel-related products, and Insured DPS to meet the changing needs of its customers.

EBL also launched a mobile phone-based remittance service, making it easier for people in remote areas to access financial services.

The bank's SME Banking service has been well-received by entrepreneurs, who appreciate the support and resources provided by EBL.

The Women Entrepreneur Cell is another notable initiative by the bank, catering specifically to the needs of women entrepreneurs.

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Eastern Bank's logo is a powerful representation of its brand values, featuring three colors that evoke the Sun, the Sky, and the mother earth, creating an image of Trust and Service.

The bank's commitment to social responsibility is evident in its actions, such as providing safe drinking water to people affected by Aila, a devastating natural disaster.

EBL's financial grant scheme is a notable initiative, partnering with Dhaka University Alumni Association (DUAA) to support poor but brilliant students.

This collaboration highlights the bank's dedication to giving back to the community and empowering the next generation of leaders.

Eastern Bank Limited, commonly known as EBL, has made a significant impact on the banking sector in Bangladesh. It was the first bank to start online banking in the country.

EBL has been at the forefront of innovative banking solutions. They introduced the Green Loan scheme, which aims to finance solar panel manufacturing in Bangladesh, benefiting over 1 million people living beyond the electrical grid network.

Their commitment to innovation extends to financing large-scale projects. EBL was the first local bank to finance Biman Bangladesh Airlines for purchasing an aircraft.

EBL has also ventured into the mutual fund market. They were the first commercial bank to sponsor a mutual fund in Bangladesh.

Here's a brief summary of EBL's pioneering achievements: