EBL

The Bank has informed that the Board of Directors of the Bank has decided as follows: 1. To set up an Investment/Finance Company under 100% ownership by Eastern Bank Limited (EBL) in Hong Kong to carry out mainly Foreign Trade/Exchange business and other Financial activities subject to approval of all Regulatory Authorities at home and abroad (Hong Kong), 2. To establish or buy an Asset Management Company under 100% ownerhip by Eastern Bank Limited (EBL) subject to approval of respective Regulatory Authorities and 3. To buy an Office Space of around 3,500 sft. at Uttara, Dhaka for setting up a Branch subject to approval of the Regulatory Authorities.