Eastern Bank Limited operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Eastern Bank Limited with three other
companies in this sector in BANGLADESH :
Mercantile Bank Limited
(2020
sales of 27.52 billion Bangladeshi Taka [US$322.52 million]
),
Bank Asia Limited
(27.26 billion Bangladeshi Taka [US$319.44 million]
of which 47%
was Conventional Banking), and
Premier Bank Ltd
(28.13 billion Bangladeshi Taka [US$329.66 million]
).
Sales Analysis.
During the second
quarter of 2021, sales at Eastern Bank Limited totalled
6.53 billion Bangladeshi Taka.
This is a drop of 5.3%
from the 6.90 billion Bangladeshi Taka in sales at the company during the second quarter in 2020.
During the first two
quarters of 2021, sales totalled 12.74 billion Bangladeshi Taka, which is
15.1% lower
than through the first two quarters of 2020.
During the year ended December of 2020, sales at
Eastern Bank Limited were 28.52 billion Bangladeshi Taka (US$334.30 million).
This
is
a
decrease of 5.9%
versus 2019, when the company's sales were 30.31 billion Bangladeshi Taka.
Contributing to the drop in overall sales was the 33.7% decline
in Ebl Finance (Hk) Limited, from 323.00 million Bangladeshi Taka to 214.00 million Bangladeshi Taka.
There were also decreases in sales in
Main Operations(Dbu) (down 14.7% to 18.64 billion Bangladeshi Taka)
and
Offshore Banking(Obu) (down 26.7% to 1.29 billion Bangladeshi Taka)
and
Ebl Securities Limited (down 7.5% to 372.00 million Bangladeshi Taka)
and
Ebl Asset Management Limited (down 33.3% to 14.00 million Bangladeshi Taka)
.
However, these declines were partially offset by the increase in sales of
Ebl Investments Limited (up 75.0% to 21.00 million Bangladeshi Taka)
.