Eastern Bank Ltd – A Historic Bank in Bangladesh

Eastern Bank Limited (EBL) is one of the oldest banks in Bangladesh. EBL was established on August 8, 1992, as a commercial bank under the Private Sector Banking Policy of the government of Bangladesh. EBL is a local private commercial bank that provides banking and financial services to its customers. The bank has more than 120 branches across the country and provides various services like SME banking, corporate banking, retail banking, remittance, and treasury services.

The roots of Eastern Bank Ltd go back to the British period when Eastern Mercantile Bank was established in 1928 in Kolkata. After the partition of India in 1947, the bank was relocated to Dhaka and renamed as Eastern Bank Limited. The bank was then nationalized in 1972 after the independence of Bangladesh. It remained a nationalized bank until its privatization in 1992.

Eastern Bank Ltd has played a significant role in the economic growth of Bangladesh by providing its customers with a wide range of financial services. The bank has won numerous awards for its services and has been recognized by various organizations for its exceptional performance. It has been awarded ‘The Best Retail Bank in Bangladesh’ by the Asian Banker for two consecutive years in 2013 and 2014. The bank was also awarded ‘The Best HR Practices Award’ by the Institute of Management Development,

Eastern Bank Ltd has been at the forefront of technological advancements in the banking sector in Bangladesh. The bank has introduced various innovative products and services to its customers, such as mobile banking, online banking, and card services. The bank has also introduced its own digital wallet ‘Easypay’ which enables its customers to make cashless transactions. The bank has also been investing heavily in its IT infrastructure to provide its customers with a secure and reliable banking experience.

EBL has also been actively involved in corporate social responsibility (CSR) activities in Bangladesh. The bank has been supporting numerous initiatives in education, health, and social welfare. It has established the Eastern Bank Foundation, a non-profit organization, to carry out its CSR activities. The foundation has been providing scholarships to meritorious students, providing healthcare to low-income people, and supporting community development projects.

In conclusion, Eastern Bank Ltd is a historic bank in Bangladesh with a rich legacy dating back to the British period. The bank has played a vital role in the economic growth of Bangladesh by providing its customers with a wide range of financial services. EBL has been recognized by various organizations for its exceptional performance and has won numerous awards. The bank has also been at the forefront of technological advancements in the banking sector in Bangladesh and has been investing heavily in its IT infrastructure. EBL has also been actively involved in CSR activities in Bangladesh, supporting numerous initiatives in education, health, and social welfare.

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