EBL secures highest AAA credit rating

Eastern Bank Limited (EBL) has been awarded the highest AAA credit rating by the Credit Rating Agency of Bangladesh (CRAB), according to a statement.

The rating is based on the audited financials of 2022 and other relevant quantitative and qualitative information. This is the first time EBL has been assigned a AAA credit rating in the long term and ST-1 short term, with a stable outlook. The AAA rating is the highest credit rating given by CRAB.

Ali Reza Iftekhar, managing director and CEO of EBL, said, "This is a proud moment for us. It recognises our consistent efforts to improve our creditworthiness."

According to CRAB, EBL, as an AAA-rated bank, possesses an extremely strong capacity to fulfil its financial commitments.