International Business and Offshore Banking Unit
International Business unitcover a big spectrum as a major thriving department of Eastern Bank Limited which facilitates the bank’s trade business through 594 correspondents around the globe. Establishing the relationship management application with its correspondents is one of the cardinal functions for maintaining the correspondent relationship globally. The department has been entangled with banking relationship globally with all the continents. It’s facilitates the trade business by seeking the quotation of UPAS, discounting, confirmation, routing the L/C through correspondent bank and getting the guarantee business for the applicants over the globe against the counter guarantee of different foreign banks in favor of priority sector of government projects. By giving these non-funded facilities, the bank is not only earning money but also playing a cardinal role by entangling itself to the country’s infrastructural and economic development.
This department gives focus on the priority sector like roads and communications, energy and power, gas and mineral resources, water and sewerage, defense sector of Bangladesh, port authority etc. EBL had the total exposure of around BDT 14 billion during the end of the year 2018 only in foreign guarantee business.
Offshore Banking Unit
EBL Corporate Banking division has a very Strong Offshore Banking unit, which has ties to various international multilateral organizations and banks. EBL has already established agreement with Commerzbank (Germany), ZKB (Switzerland), JP Morgan Chase (USA), Mashreq (UAE) to name a few. EBL is also a partner of IFC and ADB and has been awarded the distinction of Best Trade Operations Bank Partner - South Asia by IFC.