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'''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.
'''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 authorized 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 fully subscribed by the government of Bangladesh. The ''KHA''-type shares (1.90 million) are fully subscribed by the financial institutions and ''GA''-type shares (2.90 million) are subscribed by the depositors of the erstwhile BCCI branches. As at the end of March 2021, the authorized and paid up capital of EBL stood as 12000 and 8118 Million Taka respectively.  The bank is listed with the Dhaka and Chittagong Stock Exchange.


''Table''  Basic facts and economic indicators (in million Taka).
Basic Facts and Economic Indicators (In Million Taka)
{| border="1"
{| class="table table-bordered table-hover"
|-
|-
|
|Indicators || 2018 || 2019 || 2020
Indicators
|
2004
|
2005
|
2006
|
2007
|
2008
|
2009
|-
|-
|
|Authorized Capital || 12000 || 12000 || 12000
Authorised Capital
|
1000
|
3300
|
3300
|
3300
|
3300
|
3100
|-
|-
|
|Paid up Capital || 7380 || 8118 || 8118
Paid up Capital
|
828
|
828
|
828
|
1035
|
1387
|
2496
|-
|-
|
|Reserved Fund || 15586.3 || 17449.5 || 20857.6
Reserved Fund
|
1813
|
3133
|
3146
|
3539
|
3346
|
5933
|-
|-
|
|Deposits || 199628.9 || 240164.1 || 242357.8
Deposits
|
15649
|
19396
|
25734
|
30092
|
41572
|
49190
|-
|-
|
|a) Call Deposits || 212200.2 || 24936.4 || 31836.6
a) Call Deposits
|
3701
|
4073
|
5661
|
8506
|
12380
|
15930
|-
|-
|
|b) Term Deposits || 178428.8 || 215227.7 || 210521.2
b) Term Deposits
|
11948
|
15323
|
20073
|
21586
|
29192
|
33260
|-
|-
|
|Loans and Advance || 209306.3 || 232051 || 228943.9
Loans and Advance
|
15055
|
17757
|
26007
|
30962
|
39662
|
47669
|-
|-
|
|Investment || 27719.9 || 39797 || 63949.4
Investment
|
4400
|
5008
|
5850
|
5896
|
5325
|
8806
|-
|-
|
|Total Asset || 282451 || 335163.5 || 336935.6
Total Asset
|
23046
|
27399
|
35971
|
42579
|
54598
|
69871
|-
|-
|
|Total Income || 13139.2 || 14597.4 || 14133.8
Total income
|
2260
|
2957
|
4271
|
5325
|
7386
|
8650
|-
|-
|
| Total Expenditure || 5995.3 || 6387.4 || 6441.5
Total Expenditure
|
1349
|
1901
|
2833
|
3454
|
5001
|
5670
|-
|-
|
|Foreign Currency Trading || 337573.7 || 359334.4 || 347396.4
Foreign Currency Trading
|
30707
|
54848
|
71286
|
83939
|
114791
|
102506
|-
|-
|
|a) Export || 128235 || 137379.3 || 124926
a) Export
|
5816
|
13239
|
24286
|
26673
|
35555
|
34548
|-
|-
|
|b) Import || 167218 || 160010.7 || 158110
b) Import
|
24414
|
29692
|
39347
|
45298
|
62203
|
54370
|-
|-
|
|c) Remittance || 42120.7 || 61944.5 || 64360.4
c) Remittance
|
477
|
1917
|
7653
|
11968
|
17033
|
13588
|-
|-
|
|Total Manpower || 1715 || 1892 || 1896
Total Manpower
|
522
|
536
|
612
|
690
|
763
|
875
|-
|-
|
|a) Officers || 1682 || 1860 || 1866
a) Officers
|
458
|
473
|
549
|
627
|
701
|
813
|-
|-
|
|b) Staff || 33 || 32 || 30
b) Staff
|
64
|
63
|
63
|
63
|
62
|
62
|-
|-
|
|Correspondent Banks || 592 || 489 || 512
Correspondent Banks
|
61
|
64
|
64
|
64
|
876
|
662
|-
|-
|
|Total Branches (in numbers) || 85 || 85 || 85
Total Branches (in numbers)
|
22
|
44
|
50
|
28
|
34
|
39
|-
|-
|
|a) Domestic || 85 || 85 || 85
a) Domestic
|
22
|
22
|
25
|
28
|
34
|
39
|-
|-
|
|b) Overseas || 0 || 0 || 0
b) Overseas
|
-
|
22
|
25
|
-
|
-
|
-
|-
|-
|
|Agriculture Credit
Agriculture Credit
|
|
|
|
|-
|-
|
|Loan Disbursed || 7400.8 || 2685.3 || 4499.3
a) Loan Disbursed
|
-
|
-
|
-
|
1754
|
1903
|
1056
|-
|-
|
|Realised || 7661.8 || 3713.8 || 7844.6
b) Realised
|-
|
|Industrial Credit
-
|
-
 
 
|
-
 
 
|
63
 
 
|
419
 
 
|
67
 
 
|-
|-
|
|Loan Disbursed || 146526.3 || 112809.7 || 119060.9
Industrial Credit
 
 
|
|
|
|
|
|
|-
|-
|
|Realsied || 132386.4 || 109429.1 || 143180.5
a) Loan Disbursed
 
 
|
5292
 
 
|
6412
 
 
|
6525
 
 
|
19102
 
 
|
23855
 
 
|
22119
 
 
|-
|-
|
|Loan Outstanding by Sector
b) Realsied
 
 
|
2605
 
 
|
3780
 
 
|
1570
 
 
|
2283
 
 
|
4094
 
 
|
5232
 
 
|-
|-
|
|Agriculture and Fisheries and Forestry || 6403.5 || 6239.2 || 3652.2
Loan Outstanding by Sector
 
 
|
|
|
|
|
|
|-
|-
|
|Industry || 33786.4 || 41444.1 || 42932.6
a) Agriculture and Fisheries
 
 
|
70
 
 
|
70
 
 
|
70
 
 
|
529
 
 
|
1079
 
 
|
1396
 
 
|-
|-
|
|Trade and Commerce || 27791.7 || 26234.5 || 30669.9
b) Industry
 
 
|
9299
 
 
|
6429
 
 
|
7653
 
 
|
8620
 
 
|
9811
 
 
|
8094
 
 
|-
|-
|
|Poverty Reduction || 0 || 0 || 0
c) Trade and Commerce
 
 
|
4189
 
 
|
4363
 
 
|
8206
 
 
|
12330
 
 
|
15485
 
 
|
14981
 
 
|-
|-
|
|CSR || 70.7 || 141.3 || 183.2
d) Poverty Reduction
|}
 
 
|
-
 
 
|
-
 
 
|
-
 
 
|
-
 
 
|
-


''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Barshik Protibedon'' [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.


|
Eastern Bank has been one of the modern, fully online and technologically superior private commercial Banks in Bangladesh. EBL markets a wide range of depository, loan and card products. These products include different types of Savings & Current Accounts, Personal Loans, Auto Loan, Debit Card, Pre-paid Cards, Internet Banking, Treasury, Syndication, Corporate Banking and SME Banking services through a network of branches and centers countrywide. Eastern Bank has its presence in major cities/towns of the country including Dhaka, Chittagong, Sylhet, Khulna and Rajshahi. EBL is serving the individual and corporate clientele alike with remarkable success offering innovative banking services. To become the bank of choice by transforming the way the bank do business and developing a unique financial institution by delivering growth and financial performance and be the most recognizable brand in the financial services in Bangladesh.
-
|}
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]


[[Category:Financial Institutes]]
The management of the bank is vested in a thirteen-member board of directors. In 2020, the bank had a total of 1896 employees and 85 branches in different places in the country. In 2019, bank deposits accounted for 1.9 per cent of total banking sector deposits and loans and advances accounted for 2.1 per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 4.7 percent.  [Muhammad Abdul Mazid]  


[[Category:Financial Institutes]]
[[Category:Financial Institutes]]


[[bn:ইস্টার্ন ব্যাংক লিমিটেড]]
[[bn:ইস্টার্ন ব্যাংক লিমিটেড]]

Latest revision as of 20:31, 13 October 2023

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 authorized 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 fully subscribed by the government of Bangladesh. The KHA-type shares (1.90 million) are fully subscribed by the financial institutions and GA-type shares (2.90 million) are subscribed by the depositors of the erstwhile BCCI branches. As at the end of March 2021, the authorized and paid up capital of EBL stood as 12000 and 8118 Million Taka respectively. The bank is listed with the Dhaka and Chittagong Stock Exchange.

Basic Facts and Economic Indicators (In Million Taka)

Indicators 2018 2019 2020
Authorized Capital 12000 12000 12000
Paid up Capital 7380 8118 8118
Reserved Fund 15586.3 17449.5 20857.6
Deposits 199628.9 240164.1 242357.8
a) Call Deposits 212200.2 24936.4 31836.6
b) Term Deposits 178428.8 215227.7 210521.2
Loans and Advance 209306.3 232051 228943.9
Investment 27719.9 39797 63949.4
Total Asset 282451 335163.5 336935.6
Total Income 13139.2 14597.4 14133.8
Total Expenditure 5995.3 6387.4 6441.5
Foreign Currency Trading 337573.7 359334.4 347396.4
a) Export 128235 137379.3 124926
b) Import 167218 160010.7 158110
c) Remittance 42120.7 61944.5 64360.4
Total Manpower 1715 1892 1896
a) Officers 1682 1860 1866
b) Staff 33 32 30
Correspondent Banks 592 489 512
Total Branches (in numbers) 85 85 85
a) Domestic 85 85 85
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 7400.8 2685.3 4499.3
Realised 7661.8 3713.8 7844.6
Industrial Credit
Loan Disbursed 146526.3 112809.7 119060.9
Realsied 132386.4 109429.1 143180.5
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry 6403.5 6239.2 3652.2
Industry 33786.4 41444.1 42932.6
Trade and Commerce 27791.7 26234.5 30669.9
Poverty Reduction 0 0 0
CSR 70.7 141.3 183.2

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.

Eastern Bank has been one of the modern, fully online and technologically superior private commercial Banks in Bangladesh. EBL markets a wide range of depository, loan and card products. These products include different types of Savings & Current Accounts, Personal Loans, Auto Loan, Debit Card, Pre-paid Cards, Internet Banking, Treasury, Syndication, Corporate Banking and SME Banking services through a network of branches and centers countrywide. Eastern Bank has its presence in major cities/towns of the country including Dhaka, Chittagong, Sylhet, Khulna and Rajshahi. EBL is serving the individual and corporate clientele alike with remarkable success offering innovative banking services. To become the bank of choice by transforming the way the bank do business and developing a unique financial institution by delivering growth and financial performance and be the most recognizable brand in the financial services in Bangladesh.

The management of the bank is vested in a thirteen-member board of directors. In 2020, the bank had a total of 1896 employees and 85 branches in different places in the country. In 2019, bank deposits accounted for 1.9 per cent of total banking sector deposits and loans and advances accounted for 2.1 per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 4.7 percent. [Muhammad Abdul Mazid]