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]
