With a vision to become the bank of choice and to be the most valuable financial brand in Bangladesh, Eastern Bank Ltd. (EBL) began its journey in 1992. Over the years EBL has established itself as a leading private commercial bank in the country with undisputed leadership in Corporate Banking and a strong Consumer and SME growth engines. EBL offers a wide range of depository, loan and card products to cater to virtually to every customer segment. These customers are served through a network of 39 branches, 62 ATMs and 5 Kiosks countrywide. EBL has presence in 11 major cities/towns in the country including Dhaka, Chittagong, Sylhet, Khulna, Rajshahi and Cox’s Bazar.
EBL is known for its product innovation in the market. During the past five years, EBL introduced 12 new-to-Bangladesh financial products and services. EBL Matribhumi – the bundle product for expatriate Bangladeshis, insurance covered monthly savings scheme, VISA corporate cards, remittance card and mobile–based remittance solution are just a few of them. On the SME banking window EBL offered customer–friendly and groundbreaking products like EBL Uddom and EBL Mukti. At present, EBL Consumer, SME and Corporate Banking units are capable of handling every kind of customer financial needs.
EBL also has a strong capital market presence. It launched the first ever Commercial Bank sponsored Mutual Fund in Bangladesh, EBL First Mutual Fund. This Fund has already generated about 80% returns for its initial investors in addition to paying out 20% cash dividend – the highest-ever dividend from a 1st-year Mutual Fund in Bangladesh. EBL NRB Mutual Fund will invest in the capital market using a similar experienced world-class investment management process and professionals as EBL First Mutual to earn the maximum benefit for its investors. Furthermore, the launching of EBL NRB Mutual Fund reflects EBL’s strong belief that the development of a research‐driven mutual fund industry will bring in more efficiency and transparency into the country’s capital markets.
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