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EBL wins Euromoney Best Bank Award for fourth time

Eastern Bank Limited (EBL) has been adjudged Best Bank in Bangladesh 2022 by Euromoney for the fourth time, a press release said Thursday. S M Jakaria Huq, Commercial Counsellor of Bangladesh High Commission, received the Award trophy on behalf of Eastern Bank Limited at the Euromoney Awards ceremony held in London last night. According to Euromoney, Eastern Bank as a Bangladesh institution delivered the greatest progress through their period under review. Its net profit grew 13.5 percent to Tk4.65 billion ($53 million) in 2021, while its return on equity of 15.51 percent, cost-to-income ratio of 39 percent and non-performing loan ratio of 3.7 percent represents the best trinity of metrics in the industry.

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