Eastern Bank PLC
Profile
- Total assets
- —
- Deposits
- ৳556,450,000,000
- Gross NPL
- 2.24%
- CRAR
- 15.49% (compliant)
- Net profit
- ৳9,010,000,000
- Chairman
- Md. Showkat Ali Chowdhury
- MD/CEO
- Hassan O. Rashid
- Rating
- AAA
EBL is Bangladesh's top-rated private conventional bank by asset quality: NPL 2.24% at end-2025 vs industry average ~30%; CRAB AAA rating (third consecutive year). FY2025 net profit Tk 901 crore (+20%); Q1 2026 profit Tk 199 crore (+28%). New MD Hassan O. Rashid took charge April 20, 2026, after Ali Reza Iftekhar's 19-year tenure ended.
Recent activity
- 2026-02-05 other EBL signed agreement with Zantrik Limited (automobile repair and maintenance platform) to offer car purchase financing facilities to customers. ↗
- 2026-04-15 earnings Board approved FY2025 results: consolidated net profit Tk 901 crore (+20% YoY), EPS Tk 5.65 standalone (Tk 5.23 consolidated), deposits Tk 55,645 crore (+21.6%), loans Tk 47,704 crore (+16.1%), NPL 2.24%, CRAR 15.49%; board recommended 28% dividend (14% cash + 14% stock). ↗↗
- 2026-04-20 appointment Hassan O. Rashid took charge as Managing Director of EBL, succeeding Ali Reza Iftekhar who retired on 2026-04-18 (19 April per some sources) after completing his fifth term; Rashid previously served as CEO of Prime Bank PLC and as AMD/DMD at EBL from 2013 to 2021. ↗↗↗
- 2026-04-29 other EBL held its 32nd Annual General Meeting virtually; FY2025 dividend of 28% (14% cash + 14% stock) ratified. ↗
- 2026-05-13 earnings Q1 2026 unaudited results released: consolidated profit after tax Tk 199 crore (+28% YoY), EPS Tk 1.24, standalone total assets Tk 76,961 crore (+17% YoY), deposits Tk 56,207 crore (+20% YoY), NPL ratio 2.80% (standalone), consolidated CRAR 16.71%. ↗↗
Provenance & notes
Incorporation date 1992-08-08 from Banglapedia (primary source); commenced operations 1992-08-16 per same source. Reorganised from BCCI Overseas Ltd Bangladesh operations. Paid-up capital BDT 16,436.87 million and authorized capital BDT 25,000 million from DSE live data (as of May 18, 2026); these are the most current primary-source figures. Ownership structure (Sponsor/Director 31.44%, Institute 42.33%, Public 25.56%, Foreign 0.67%, Government 0.00%) from DSE as of April 30, 2026. FY2025 financials: net profit Tk 901 crore (BDT 9,010 million), deposits Tk 55,645 crore (BDT 556,450 million), loans Tk 47,704 crore (BDT 477,040 million), NPL 2.24% standalone, CRAR 15.49% standalone, ROE 19.13%, EPS Tk 5.65 standalone per The Daily Corporate and TBS News. Total assets FY2025 year-end not confirmed from a primary source in absolute terms; Q1 2026 standalone total assets are Tk 76,961 crore (17% YoY growth) per Bangladesh Monitor/TBS reporting on Q1 2026 results. total_assets_bdt left null to avoid imprecision. Branch count 87 and ATM count 214 from Wikipedia cross-referenced with banksbd.org (85 count from banksbd.org branch lister may be slightly stale; Wikipedia gives 87); 2024 annual report summary cites 87 branches. Employee count ~3,000 from Wikipedia citing 2024 AR; actual headcount likely 3,000-3,200. Agent banking outlets: EBL has an agent banking operation but exact outlet count not confirmed in primary sources searched; left null. Sub-branch count not publicly disclosed in sources searched; left null. Chairman Md. Showkat Ali Chowdhury: elected June 7, 2018 (Dhaka Tribune archive), re-elected August 5, 2020 (TBS News); no subsequent chairman change found in searches through May 2026 -- still serving. chairman_since set to 2018-06-07 as first election date. MD/CEO: Ali Reza Iftekhar served from 2007 to April 18-19, 2026 (fifth consecutive term, retired on completion). Hassan O. Rashid took charge April 20, 2026 per multiple press reports (The Daily Corporate, New Age BD, Bangladesh Monitor); Bangladesh Bank regulatory approval date not separately confirmed but announcement date April 22 with charge-taking April 20 noted in articles. CRAB AAA rating: reaffirmed for third consecutive year per CRAB press and TBS News; valid to June 30, 2026 per Bangladesh Bank ECAI schedule (BB PDF retrieved date Dec 31, 2024). Moody's B2 with Negative outlook is a sector-wide Bangladesh banking rating, not an EBL-specific downgrade. rating_long_term and rating_agency reflect the domestic CRAB rating as the most operationally relevant. verification_status=partial because: (1) FY2025 total assets not confirmed in BDT from a primary source, (2) employee and agent banking figures from secondary/Wikipedia, (3) chairman_since exact date from archive article (not official EBL release), (4) CRAB rating renewal for 2026-27 cycle not yet confirmed as of 2026-05-18.
Sources
- https://www.dsebd.org/displayCompany.php?name=EBL
- https://en.banglapedia.org/index.php?title=Eastern_Bank_Limited
- https://en.wikipedia.org/wiki/Eastern_Bank_(Bangladesh)
- https://en.thedailycorporate.com/eastern-bank-posts-tk-901-crore-profit-in-2025-registers-20-growth/
- https://www.tbsnews.net/economy/stocks/eastern-bank-posts-record-tk901cr-profit-2025-rewards-shareholders-28-dividend
- https://www.bangladeshmonitor.com.bd/corporate-details/ebl-reports-28pc-profit-growth-in-q1-2026
- https://www.tbsnews.net/economy/corporates/ebl-reports-28-profit-growth-q1-2026-1438351
- https://www.newagebd.net/post/mis/297440/hassan-o-rashid-joins-as-ebl-managing-director
- https://en.thedailycorporate.com/hassan-o-rashid-appointed-as-managing-director-of-eastern-bank-plc/
- https://bankinggoln.com/prime-bank-ceo-resigns-to-lead-eastern-bank/
- https://www.tbsnews.net/economy/corporates/ebl-retains-b2-rating-moodys-earns-aaa-crab-1294836
- https://www.ebl.com.bd/news/ebl-gets-highest-aaa-credit-rating
- https://www.thedailystar.net/business/organisation-news/news/ebl-posts-28-profit-growth-q1-4175091
- https://www.thedailystar.net/business/organisation-news/news/eastern-bank-offers-car-purchase-financing-through-zantrik-4098391