EBL expands its footprint in China

Business Desk :
Eastern Bank Ltd (EBL) is going to open its representative office at Guangzhou in China today (Sunday) to tap the business opportunities and contribute to the growing China-Bangladeshi trade business.
This is the first footprint of any Bangladeshi financial institution in China.
Guangzhou office is EBL’s third overseas office after Hong Kong and Myanmar. EBL first went abroad to Hong Kong with its finance company- EBL Finance (HK) Ltd in 2013. With a professional management and skilled team EBL Finance (HK) Ltd has been a successful venture earning profits regularly.
With an initial capital of BDT 14.78 Million only it made accumulative profit of around BDT 425 Million till January 31,2018 and out of that around BDT 235 Million has been repatriated to Bangladesh.
Today EBL Finance (HK) Limited is the largest Bangladeshi financial institution operating in Hong Kong in terms of asset and revenue generation.
‘We are best known for our strength in international business and trade finance and our core competencies include commendable creditworthiness, access to global market through the largest correspondent banking network. As Bangladesh is growing fast we feel we can contribute to Bangladesh economy with our expertise in international business and trade finance,’ said Ali Reza Iftekhar, Managing Director and CEO of EBL.