Eastern Bank PLC 2020 AR2
The report highlights Eastern Bank Limited's (EBL) performance and sustainability initiatives for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the bank recorded a 2.36% growth in profit after tax to BDT 4,103 million and maintained a low non-performing loan (NPL) ratio of 2.72%. EBL was a pioneer in channeling government stimulus funds, disbursing BDT 2,706.61 million for workers' salaries and BDT 3,062.90 million to CMSME borrowers. In digital banking, the bank launched 'EBL INSTA Account,' the first e-KYC based account in Bangladesh, and processed a record BDT 22.22 billion through its online payment gateway, EBL SKYPAY. Additionally, the bank contributed BDT 183.22 million to community support programs and advanced its green finance portfolio to BDT 3,025.6 million.
Company: Eastern Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2020
Type: AR2
Pages: 166
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Eastern Bank PLC
Annual Report
The report highlights Eastern Bank Limited's (EBL) performance and sustainability initiatives for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the bank recorded a 2.36% growth in profit after tax to BDT 4,103 million and maintained a low non-performing loan (NPL) ratio of 2.72%. EBL was a pioneer in channeling government stimulus funds, disbursing BDT 2,706.61 million for workers' salaries and BDT 3,062.90 million to CMSME borrowers. In digital banking, the bank launched 'EBL INSTA Account,' the first e-KYC based account in Bangladesh, and processed a record BDT 22.22 billion through its online payment gateway, EBL SKYPAY. Additionally, the bank contributed BDT 183.22 million to community support programs and advanced its green finance portfolio to BDT 3,025.6 million.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees