A partner in progress

Our purpose is to enable economic growth and societal progress by generating positive impact for our clients, our people, our investors and our communities. We continue to strike a balance between liquidity, profitability and solvency to post a positive growth even during the time of Pandemic-induced slowdown.

Our strong focus on asset quality has driven us to achieve consistent low non-performing loans of an average 3 percent over the years which is far below the industry average.  Our intrinsic and relative financial strength is largely a result of our solvency, which is indicated by our shock absorption capacity relative to risk and our liquidity.

A leader in financing in sectors like RMG, power, aviation, EBL has recently emerged as a leader in telecom financing and closed Bangladesh’s landmark syndication deal of Taka 120 million in 2022. For our outstanding contribution in Sustainable Finance and overall Core Business strength, we were recognized by Central Bank of Bangladesh as a top bank in its Sustainability Ratings. EBL has been recently awarded some of the most prestigious projects in Bangladesh, including arranging a USD 200 million working capital financing for the Rampal power plant, a USD 2 billion joint venture between Bangladesh and India governments, as well as a record BDT 1,000 crore debt financing for the country’s largest spinning mill Badsha Textiles Ltd.

EBL has become the bank of the banks by partnering with the world’s largest money transfer company VISA to set up a unique solution of allowing member banks to maintain security in local currency rather than USD dominated standby letters of credit, thus saving valuable outflow of foreign currency from the country. It has sourced USD 50 million for Walton, the country’s market leader in electrical goods, thus securing foreign currency from Europe. EBL has arranged the nation’s first dematerialized corporate bond for TMSS, a capital market instrument to enable the empowerment of rural women in their economic and social development. In 2021 and 2022, EBL has also established itself as the dominant player in alternative financing.

As good corporate citizen, we put all our efforts to impacting lives positively. We take pride in financing Incepta Vaccine Limited to manufacture first human vaccine in Bangladesh.

Valuing our employees

To deliver sustained growth and in the process building a valuable brand is what we aspire to. To achieve this, we aim to attract and develop talented individuals. For us employees are our core brand. At EBL, we foster teamwork, partnership and inclusion, and promote a culture of trusting that each of us deliver to the expected standards. Employee engagement is also a key for EBL to idea generation. In 2015, an idea generation center for the employees called ‘The Nest’ was established with a tagline, ‘imagine without fear.’ This platform for incubating new ideas brings various departments to spend time at Nest to interact and help them to come out of their silos and think out of the box. The participants share and discuss the challenges of day-to-day operations and try to find a solution collectively. At the center, there is no set code of conduct, no dress code, and no sitting arrangement and once the participants are in, they are in for fun and creative engagements. A recently example of employee motivation is EBL Mission Bangladesh campaign. To mark the 30 anniversary of EBL, four employees of the bank set off from the corporate head office in city’s Gulshan area to the 26-day EBL Mission Bangladesh campaign and covered 64 districts to spread the message of proper use of electricity, preserve energy, road safety, integrity and EBL service excellence guidelines.

Awards

We strive to deliver performance with a purpose and commitment and in the journey of our stand-out performance, we have been lauded and recognized by all the major global and national awards for our stability, fintech innovation and value creation including The Banker awards, IFC award, Asiamoney award, Euromoney award, ICSB National award for corporate governance excellence and Superbrands.

Large global banks such as JP Morgan and Bank of America have chosen EBL as their partner bank in Bangladesh. This is a testimony of the bank’s best practices in corporate governance which won the lender trustworthiness at international mainstream.

Strategic priorities

Meeting clients need has always been our strategic priority. As the leading bank in Bangladesh with strong corporate culture and a global network with a comprehensive product suite, EBL aims to become the first point of contact in all financial matters meeting and providing clients’ need and help them navigate through market uncertainties and their transition to a more sustainable and digitized economy.

COVID-19 pandemic accelerated the requirements of digital products and services and spurred the rapid development of our digital capabilities. Customers are now demanding banking that is simple, functional, reliable, and seamless. We are continuously trying to embrace new initiatives to increase operational efficiency through automation and by introducing new service features in the existing banking service channels and enhancing transaction security to give our customers comfort and reliable banking experience.