EBL wins Euromoney Best Bank award

Eastern Bank (EBL), wins Euromoney Best Bank award in two categories: 'Best Bank' and 'Best Bank for Corporate Responsibility' at the prestigious Euromoney Awards for Excellence 2024 held in London recently. EBL is the first Bangladeshi bank to receive the coveted award for the fifth time.

In 2023, Eastern Bank's net profit surged by 19.6 per cent, while its assets grew 11.5 per cent. The bank's return on equity improved significantly reach to 16.3 per cent, up from 15.5 per cent in 2022, which shows its strong financial health and efficient management.

The retail loan segment witnessed a significant growth, driven by the success of EBL's home loans and personal loan offerings. The bank made substantial inroads into the home loan market, acquiring over 6,000 new home loan clients, accordingly to a press release. Similarly, the SME business loan portfolio expanded by 19 per cent in 2023.

The bank's focus on automation played a crucial role in enhancing customer satisfaction. EBL implemented QR transactions enabling customers to initiate transactions seamlessly by scanning QR codes through the bank's app. Additionally, the bank introduced Digi-Remit services facilitating efficient remittance collection.