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).
|Paid up Capital||828||828||828||1035||1387||2496|
|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|
|Foreign Currency Trading||30707||54848||71286||83939||114791||102506|
|Total Branches (in numbers)||22||44||50||28||34||39|
|a) Loan Disbursed||-||-||-||1754||1903||1056|
|a) Loan Disbursed||5292||6412||6525||19102||23855||22119|
|Loan Outstanding by Sector|
|a) Agriculture and Fisheries||70||70||70||529||1079||1396|
|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]