EBL, IFC PARTNER TO BOLSTER CLIMATE RISK MANAGEMENT

Eastern Bank entered into a strategic partnership with the International Finance Corporation (IFC) to advance its climate risk management capabilities. With this partnership, EBL becomes the first commercial bank in Bangladesh's banking sector to collaborate with IFC on enhancing climate risk management frameworks. This advisory initiative aims to strengthen EBL's ability to assess and manage both physical and transition climate risks. The project will align EBL's risk practices with international standards, strengthening its resilience to climate-related financial impacts. Mr. Ali Reza Iftekhar, managing director and CEO of EBL, and Mr. Mehdi Cherkaoui, regional manager, Upstream and Advisory Services, Financial Institutions Group, South Asia, IFC, signed the agreement in Dhaka recently.