Eastern Bank Limited (EBL) has won the country’s Best Domestic Bank 2022 award by Asiamoney, a renowned global financial publication, a press release said Wednesday. The bank receives the prestigious recognition for two years in a row. In 2021, EBL’s tier-1 capital rose 11.4 percent, year on year, to Tk26.1 billion and overall assets jumped 15.4 percent to Tk388.8 billion. Net profits rose 13.5 percent in 2021 and return on equity was 15.5 percent, up from 15 percent in 2020. In 2021 the bank declared a 35 percent dividend to shareholders, the highest in Bangladesh’s banking industry. Over the year 2021, the bank fine-tuned numerous features, from chatbots to QR payment solutions and online account opening services, with some of south Asia’s most advanced know-your-customer and biometric toolkits. Asiamoney identifies which bank in each market has excelled across a range of core banking activities over the past 12 months.
