EBL wins Bank of the Year award

Eastern Bank Limited (EBL) has been awarded Bank of the Year 2021 for Bangladesh by the London-based The Banker magazine.

EBL is the first bank in Bangladesh to win the award for the second consecutive year.

This year’s Bank of the Year award was announced by The Banker’s Asia Editor Kimberly Long through a virtual awards ceremony on Wednesday, the bank said in a statement.

Considering the global pandemic, the jury board this year continued to focus on resilience and service to customers by the winning banks and how they have initiated digital transformation and emphasized sustainable growth. The awarded banks this year according to the judges, ‘truly demonstrated a level of stability that is testament to their organisational strength.’

EBL Managing Director & CEO Ali Reza Iftekhar said, “This is a global recognition of our efforts to digital transformation and sustainability. Throughout the coronavirus pandemic in an excellent display of resilience, EBL maintained a fine balance between liquidity, profitability and solvency to post a positive growth in 2020, which continued in 2021.”