Eastern Bank Limited (EBL) is a leading private sector commercial bank in Bangladesh. It was incorporated in 1992 and started its operations in 1993. Over the years, EBL has grown significantly and has established itself as one of the top banks in the country.
EBL has a strong presence in both the retail and corporate banking sectors, and it offers a wide range of products and services to its customers. The bank has a strong network of branches, ATMs, and online banking platforms, which allows it to serve its customers efficiently.
In addition to its core banking operations, EBL has several subsidiaries that operate in different sectors. These subsidiaries enable the bank to diversify its revenue streams and expand its business operations.
One of EBL's subsidiaries is Eastern Housing Limited (EHL), a real estate company that develops residential, commercial, and industrial properties. EHL has completed several successful projects in Bangladesh and has a strong reputation for quality and reliability.
Another subsidiary of EBL is Eastern Insurance Limited (EIL), a leading provider of insurance products and services in Bangladesh. EIL offers a wide range of insurance products, including life, health, motor, and general insurance. It has a strong network of agents and brokers, and it serves a large number of customers across the country.
EBL also has a joint venture with Western Union, a leading global money transfer company, to provide remittance services to its customers. This joint venture, called Eastern Union Limited, enables EBL to offer its customers fast and reliable money transfer services to any location around the world.
In conclusion, Eastern Bank Limited has a strong presence in the Bangladeshi banking sector, and it has a number of subsidiaries that operate in different sectors, including real estate, insurance, and money transfer services. These subsidiaries enable EBL to diversify its revenue streams and expand its business operations, which has contributed to its success as a leading commercial bank in Bangladesh.