A New Nation Report :
Eastern Bank Limited (EBL) which was launched nearly quarter century ago has achieved good growth showing satisfactory performance in every sphere of banking business. Ali Reza Iftekhar, who has been the Managing Director and Chief Executive Officer (CEO) of the consecutive awards-laureate bank since 2007, deserves credit for the success of the bank because it is under his dynamic leadership that the bank has achieved many high standard world class laurels.
Statistics available in EBL’s annual report 2014 shows that its fixed assets have almost doubled in five years. Its Taka 3,614 million worth of assets in 2010 increased to 4,453 million in 2011, Taka 5,970 million in 2012, Taka 6,897 million in 2013 and Taka 7,087 million in 2014 which is almost double compared with the fixed assets that the bank had five years earlier.
The bank’s interest bearing assets worth Taka 71,759 million in 2010 have become more than double to Taka 146,689 million in five years.
The same is the case with its total assets. Its total assets worth Taka 82,098 million in 2010 have become more than double in five years to Taka 172,124 million in 2014 last.
The profit after tax of the EBL has increased from Taka 2,425 million in 2010 to 2,568 million in 2013, but the amount came down to Taka 2,107 million in 2014 perhaps because of political turmoil that was going on during the preceding year.
A visionary banker and a dynamic leader, Ali Reza Iftekhar is an ardent promoter of the concept of sustainable development.
As the CEO and MD of the bank, he has successfully introduced international best practices and ethical banking and transformed the organisation into the most valuable financial brand in the country. Under his leadership, the bank has achieved many a laurel including the Best Retail Bank in Bangladesh awarded by the Asian Banker for three consecutive years-2013, 2014 and 2015 respectively and the best Financial Institution -the DHL-The Daily Star Bangladesh Business Award 2010 last.
Eastern Bank Limited (EBL) which was launched nearly quarter century ago has achieved good growth showing satisfactory performance in every sphere of banking business. Ali Reza Iftekhar, who has been the Managing Director and Chief Executive Officer (CEO) of the consecutive awards-laureate bank since 2007, deserves credit for the success of the bank because it is under his dynamic leadership that the bank has achieved many high standard world class laurels.
Statistics available in EBL’s annual report 2014 shows that its fixed assets have almost doubled in five years. Its Taka 3,614 million worth of assets in 2010 increased to 4,453 million in 2011, Taka 5,970 million in 2012, Taka 6,897 million in 2013 and Taka 7,087 million in 2014 which is almost double compared with the fixed assets that the bank had five years earlier.
The bank’s interest bearing assets worth Taka 71,759 million in 2010 have become more than double to Taka 146,689 million in five years.
The same is the case with its total assets. Its total assets worth Taka 82,098 million in 2010 have become more than double in five years to Taka 172,124 million in 2014 last.
The profit after tax of the EBL has increased from Taka 2,425 million in 2010 to 2,568 million in 2013, but the amount came down to Taka 2,107 million in 2014 perhaps because of political turmoil that was going on during the preceding year.
A visionary banker and a dynamic leader, Ali Reza Iftekhar is an ardent promoter of the concept of sustainable development.
As the CEO and MD of the bank, he has successfully introduced international best practices and ethical banking and transformed the organisation into the most valuable financial brand in the country. Under his leadership, the bank has achieved many a laurel including the Best Retail Bank in Bangladesh awarded by the Asian Banker for three consecutive years-2013, 2014 and 2015 respectively and the best Financial Institution -the DHL-The Daily Star Bangladesh Business Award 2010 last.
