Jump to: navigation, search

Eastern Bank Limited


Eastern Bank Limited (EBL) incorporated on 16 August 1992 as a public limited company with the primary objective of carrying out all kinds of banking business in and outside Bangladesh. It was formed by taking over the businesses, assets, liabilities and losses of the erstwhile Bank of Credit and Commerce International (Overseas) Limited (BCCI). Eastern Bank commenced business with four branches and an authorised capital of Tk 1,000 million divided into 10 million shares of Tk 100 each. Tk 600 million has been subscribed and paid up by three different classes of shareholders, namely KA, KHA and GA. The KA-type shares (1.2 million) are those, which are subscribed by the government of Bangladesh. The KHA-type shares (1.90 million) are subscribed by the financial institutions and GA-type shares (2.90 million) are subscribed by the depositors of the erstwhile BCCI branches. The bank is listed with the Dhaka Stock Exchange.

Table  Basic facts and economic indicators (in million Taka).

Indicators 2004 2005 2006 2007 2008 2009
Authorised Capital 1000 3300 3300 3300 3300 3100
Paid up Capital 828 828 828 1035 1387 2496
Reserved Fund 1813 3133 3146 3539 3346 5933
Deposits 15649 19396 25734 30092 41572 49190
a) Call Deposits 3701 4073 5661 8506 12380 15930
b) Term Deposits 11948 15323 20073 21586 29192 33260
Loans and Advance 15055 17757 26007 30962 39662 47669
Investment 4400 5008 5850 5896 5325 8806
Total Asset 23046 27399 35971 42579 54598 69871
Total income 2260 2957 4271 5325 7386 8650
Total Expenditure 1349 1901 2833 3454 5001 5670
Foreign Currency Trading 30707 54848 71286 83939 114791 102506
a) Export 5816 13239 24286 26673 35555 34548
b) Import 24414 29692 39347 45298 62203 54370
c) Remittance 477 1917 7653 11968 17033 13588
Total Manpower 522 536 612 690 763 875
a) Officers 458 473 549 627 701 813
b) Staff 64 63 63 63 62 62
Correspondent Banks 61 64 64 64 876 662
Total Branches (in numbers) 22 44 50 28 34 39
a) Domestic 22 22 25 28 34 39
b) Overseas - 22 25 - - -
Agriculture Credit
a) Loan Disbursed - - - 1754 1903 1056
b) Realised - - - 63 419 67
Industrial Credit
a) Loan Disbursed 5292 6412 6525 19102 23855 22119
b) Realsied 2605 3780 1570 2283 4094 5232
Loan Outstanding by Sector
a) Agriculture and Fisheries 70 70 70 529 1079 1396
b) Industry 9299 6429 7653 8620 9811 8094
c) Trade and Commerce 4189 4363 8206 12330 15485 14981
d) Poverty Reduction - - - - - -

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.

Eastern Bank operates savings & current accounts, personal loans, auto loan, debit card, pre-paid cards, Internet banking, treasury, syndication, corporate banking and SME banking. Eastern Bank is offering innovative banking services to be developed into a unique financial institution in Bangladesh.

The management of the bank is vested in a 10-member board of directors. In 2009, the bank had a total of 875 employees and 39 branches in different places in the country. [Muhammad Abdul Mazid]