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 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]