Eastern Bank PLC (EBL) has been recognised as the 'Best Bank in Bangladesh' at the Euromoney Awards for Excellence 2025, marking the bank's sixth win of this prestigious international honour, says a statement.
Ali Reza Iftekhar, Managing Director of EBL, said, "This recognition from Euromoney reflects our relentless focus on excellence, customer-centric innovation, and value creation across all segments. We are deeply grateful to our customers, employees, and partners who inspire us to keep moving forward."
During the last year (2024) year, despite global economic challenges, EBL delivered outstanding results with net profit increasing by 22.8%, and total assets growing by 21.1%. The bank's return on equity rose to 18.6% while keeping non-performing loan ratio at 3.34%. EBL retained the highest AAA credit rating in the industry for three years in row.
The bank continued to strengthen its retail and SME portfolios. Notable initiatives included the launch of the EBL High Earning Account and enhancements to its digital banking platforms, resulting in a 12% growth in retail loans while maintaining sound asset quality.
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