Financial Performance Evaluation of Eastern Bank ltd.

Abstract

The Eastern Bank Limited was formed as a public limited company incorporated in Bangladesh with primary objective to carryon all kinds of business in and outside Bangladesh. EBL has taken over the business, asset, and liability losses of former Bank of Credit and Commerce international Limited (BCCl) in Bangladesh. Bank of credit and commerce international (overseas) limited (BCCI), Branches in Bangladesh with effect from 16th August 1992 . The bank is also listed on the Dhaka Stock Exchange Limited. At the present they (ERL) are operating 51 branches located in main commercial areas of our country their increasing activities call for expansion of network and line with demand they hope to open few more branches in the days to come. To meets the growing market demand they already introduced Debit Card and internet Banking. Besides the office branches they also have A TM booths which makes it easy for their customers to withdraw money from convenient locations even after the bank service time. EBL has won the Global Award for Brand Excellence in Banking & Financial Services (BFS) category. The Award was announced on November 25, during World Brand Congress held in Mumbai India. EBL is the first Bangladeshi bank to receive the honor.