EBL wins Euromoney Best Bank Award

Eastern Bank Ltd (EBL) was yet again named Bangladesh's Best Bank by Euromoney, a UK-based monthly magazine focused on business and finance, in its Awards for Excellence 2022 for its timely intra-banking model.

According to Euromoney, the bank as a Bangladesh institution logged a net profit of 13.5 per cent to Tk 4.65 billion ($53 million) in 2021, when its return on equity was 15.51 per cent, cost-to-income ratio was 39 per cent and non-performing loan ratio was 3.7 per cent, representing the best trinity of metrics in the industry.

SM Jakaria Huq, commercial counsellor of the Bangladesh High Commission in London, the UK, recently received the award on behalf of Eastern Bank at the Euromoney Awards for Excellence programme in London.

This is the fourth time that EBL has clinched the award and is the only bank in Bangladesh to do so, a press release said.