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Eastern Bank Ltd (Bangladesh)

Eastern Bank Limited (Bengali: ইস্টার্ন ব্যাংক লিমিটেড) is a private commercial bank headquartered in Dhaka, Bangladesh.[1][2][3] It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991. Its share are listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange. The bank provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. It has 85 branches and 200 ATMs in Bangladesh and employs around 3000 employees.[4]

is going to open its first overseas full-fledged branch in Calcutta, India.[5] Presently, EBL has a subsidiary in Hong Kong and a representative office in Myanmar.[4] This branch in India will be its first foreign branch outside of Bangladesh. EBL opened its first representative office on the Chinese mainland in Guangzhou on September 29, 2019.[6]


History

began operations in 16 August 1992.[7] Prior to 1992 EBL operated as BCCI, which transformed into Eastern Bank Limited.


Composition of the Group EBL[4]

Eastern Bank Limited (Group)
BankSubsidiaries (fully owned)
Eastern Bank LimitedEBL Securities Limited

(Stock dealing & brokerage)

Off-Shore Banking Unit (OBU), BangladeshEBL Investments Limited

(Merchant banking operations)

Yangon Representative Office, MyanmarEBL Asset Management Limited

(Asset management)

Guangzhou Representative Office, Mainland ChinaEBL Finance (HK) Limited

(First foreign subsidiary doing trade finance and off-shore banking business in Hong Kong)


Board of Directors

  • Md. Showkat Ali Chowdhury (Chairman)
  • M. Ghaziul Haque
  • A. M. Shaukat Ali
  • Mir Nasir Hossain
  • Salina Ali
  • Anis Ahmed
  • Meah Mohammed Abdur Rahim
  • Mufakkharul Islam Khasru
  • Ormaan Rafay Nizam
  • Gazi Md. Shawkat Hossain
  • Ali Reza Iftekhar (MD & CEO)


Shareholding Pattern

As of September 30, 2019[8]

PartyPercentage
Institute44.20%
Sponsor/Director31.60%
Public23.80%
Foreign00.40%
Government00.00%


See also

List of Banks in Bangladesh

References

  1. ^ "Bangladesh Bank to probe 'freak transactions' in Eastern Bank Ltd". bdnews24.com. Retrieved 9 May 2016.
  2. ^ "Laila Sharmeen to exhibit at World Art Games". The Daily Star. 29 April 2016. Retrieved 9 May 2016.
  3. ^ "Star Melodies' tribute to Khandaker Nurul Alam and Robin Ghosh". The Daily Star. 28 April 2016. Retrieved 9 May 2016.
  4. ^ a b c "EBL Annual Report 2018" (PDF). Eastern Bank Limited. Retrieved 28 June 2019.
  5. ^ Correspondent, Staff; bdnews24.com. "Bangladeshi Eastern Bank to open branch in Kolkata". bdnews24.com. Retrieved 27 June 2019.
  6. ^ "Bangladesh's Eastern Bank opens first office on Chinese mainland - Xinhua | English.news.cn". www.xinhuanet.com. Retrieved 14 November 2019.
  7. ^ "Eastern Bank Limited – Banglapedia". en.banglapedia.org. Retrieved 9 May 2016.
  8. ^ "Lankabangla Financial Portal- Live stock data of Dhaka Stock Exchange (DSE), financial statements, research, chart and level 2 data". lankabd.com. Retrieved 15 November 2019.

External links


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28 September 2019