EBL wins The Banker’s ‘Bank of the Year’ award

The Banker, a London-based magazine, has awarded Eastern Bank Ltd (EBL) "Bank of the Year 2021" for Bangladesh through a virtual award-giving ceremony on Wednesday.

EBL is the first bank in Bangladesh to win the award for two consecutive years, reads a press statement.

The Banker Asia Editor Kimberly Long announced this year's "Bank of the Year" award via a virtual platform.

Considering the global pandemic, the jury board continued to focus on resilience and service to customers this year by the winning banks and how they have initiated digital transformation and emphasised sustainable growth, said the bank in a press release.

The judges mentioned this year's awarded banks as "truly demonstrated a level of stability that is testament to their organisational strength" in their remarks.

Upon receiving the coveted global award, EBL Managing Director and 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."