Eastern Bank (disambiguation)

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Eastern Bank may also refer to;

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EBL may refer to:

Eastern Bank Ltd (Bangladesh)

Eastern Bank Limited is a private commercial bank headquartered in Dhaka, Bangladesh. It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991. Its share are listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange. The bank provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. It has 85 branches and 214 ATMs in Bangladesh and employs around 3000 employees.

SCB BD is a banking and financial services company headquartered in Dhaka, Bangladesh and a wholly owned subsidiary of Standard Chartered. Standard Chartered has been operating in Bangladesh for over a hundred years. After the partition of the subcontinent in 1947, Bangladesh became East Pakistan, thereafter Standard Chartered Bank started its business in 1948, in the port city of Chittagong. Standard Chartered Bank is doing well in Bangladesh. Debit card fee is at least 690 BDT per year. Account maintenance fee for savings account is 690 BDT which is taken as 345 BDT each six months.

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Mustafizur Rahman Siddiqi was a Bangladeshi entrepreneur, politician and diplomat. He set up a number of manufacturing and finance businesses during the 1960s. He played a prominent role in the Bangladesh Liberation War of 1971, organising resistance within Bangladesh and travelling to the US to represent the Bangladesh Government in exile. He became Minister of Commerce and Foreign Trade in the newly formed state, and ambassador to the US and Mexico.

Islami Bank Bangladesh Ltd. (IBBL) is the pioneer of Islamic banking in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913. It has 36.91% local and 63.09% foreign shareholders. Up to Nov 2019, IBBL has 350 branches including 59 AD Branches & 03 Offshore Banking Units as well as has more than 13,500 staffs. In addition to that IBBL maintains its own 621 ATM Booths, 33 IDM along with 6,000 shared ATM network across the country. IBBL mobilizes around 29% of the country remittance. In 2015, it serves US$3,903.21 million out of US$15,316.75 million of total country remittance. As such, IBBL is the largest private banking network in Bangladesh. When IBBL was established, it was the first bank in south-east asia to provide banking service based on Shariah. The bank is listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.

The Nath Bank was an Indian-owned bank founded by Kshetra Nath Dalal in 1926 in Noakhali, now in Bangladesh but then in undivided India. By 1947 when the Partition of India was imminent, Nath Bank had its head office and three branches in Noakhali district, as well as a branch in Comilla in Tipperah District. Noakhali and Tipperah districts were to become a part of Pakistan, so the bank shifted its head office to Kolkata. During this time the Indian banks were facing severe crisis. In 1949, the Nath Bank had to be bailed out by the Reserve Bank of India. Even that failed to resolve the crisis and the bank was finally liquidated in 1950. Economist Arun Ghosh attributes its collapse to its over-aggressive expansion of branch banking. The failure of the Nath Bank created a panic among investors.

The Eastern Bank Limited, was a British bank founded in 1909 in London, to help finance trade with Far east. In 1957 Chartered Bank, acquired Eastern, and eventually absorbed it into Standard Chartered in 1971.

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