HALF YEARLY

Financial Statements 2020

(Unaudited)

EASTERN BANK LIMITED AND ITS SUBSIDIARIES EASTERN BANK LIMITED AND ITS SUBSIDIARIES EASTERN BANK LIMITED
Consolidated Balance Sheet (Unaudited) Consolidated Profit & Loss Account (Unaudited) Balance Sheet (Unaudited)
as at 30 June 2020 for the period ended 30 June 2020 as at 30 June 2020
Amount in BDT Amount in BDT Amount in BDT

30-June-2020 31-Dec-2019 01 January 2020 01 January 2019 01 April 2020 to 01 April 2019 to 30-June-2020 31-Dec-2019
to 30 June 2020 to 30 June 2019 30 June 2020 30 June 2019

Interest Income 11,096,177,784 11,420,331,331 5,029,530,167 5,998,758,281 PROPERTY AND ASSETS

PROPERTY AND ASSETS
Less: Interest paid on deposits and borrowings 7,971,872,712 7,075,171,691 3,859,023,525 3,775,377,676 Cash
Cash Net Interest Income 3,124,305,072 4,345,159,640 1,170,506,642 2,223,380,605
Cash in hand (including foreign currencies) 3,350,111,758 3,088,303,685
Cash in hand (including foreign currencies) 3,350,275,356 3,088,367,831
Income from investments 2,447,424,986 1,117,343,955 1,348,585,602 582,788,227 Balances with Bangladesh Bank and its agent bank(s) 13,686,697,484 16,601,918,975
Balances with Bangladesh Bank and its agent bank(s) (including foreign currencies)
13,686,697,484 16,601,918,975 Commission, exchange and brokerage 1,353,580,982 2,093,287,946 474,219,634 1,104,743,360
(including foreign currencies)
Other operating income 101,453,027 105,064,033 45,876,242 29,874,498 17,036,809,242 19,690,222,660
17,036,972,840 19,690,286,806
3,902,458,995 3,315,695,934 1,868,681,478 1,717,406,085
Balances with other Banks and Financial Institutions
Balances with other Banks and Financial Institutions Total operating income 7,026,764,067 7,660,855,574 3,039,188,120 3,940,786,690
In Bangladesh 8,628,850,742 19,963,271,483 In Bangladesh 8,129,999,748 19,309,748,914
Salary & allowances (excluding those of MD) 2,038,618,067 1,978,281,017 979,788,866 978,197,655
Outside Bangladesh 4,879,245,870 4,405,925,233 Outside Bangladesh 8,975,951,239 9,647,145,392
Rent, taxes, insurance, utilities etc. 283,309,260 395,647,971 142,052,919 197,688,354

13,508,096,612 24,369,196,716 Legal & professional expenses 27,481,798 55,215,817 1,595,570 37,725,385 17,105,950,987 28,956,894,306
Postage, stamp, telecommunication etc. 67,901,158 69,655,468 31,487,149 37,384,030
Money at call and short notice - 594,300,000 Stationery, printing, advertisement, BP etc. 166,131,464 172,030,152 58,669,795 89,356,820 Money at call and short notice - 594,300,000
Managing director's salary and allowances
Investments 14,017,143 13,133,143 6,873,572 6,445,572
(Bank only) Investments
Directors' fees & expenses 1,682,507 2,480,762 576,405 1,279,179
Government 51,868,144,370 31,927,657,258 Government 51,868,144,370 31,927,657,258
Repairs, maintenance and depreciation 415,634,730 293,586,739 216,062,347 160,016,882
Others 12,066,019,241 10,138,813,514 Other operating expenses 295,713,049 298,595,249 107,315,777 157,221,231 Others 9,746,416,874 7,869,354,690
Total operating expenses 3,310,489,175 3,278,626,318 1,544,422,399 1,665,315,108
63,934,163,611 42,066,470,771 61,614,561,244 39,797,011,947
Profit before provisions 3,716,274,892 4,382,229,257 1,494,765,721 2,275,471,582
Loans and advances Provision for loans and off-balance sheet Loans and advances
exposure:
Loans, Cash Credits, Overdraft etc. 224,944,520,580 218,070,540,410 General provision (loans and OBS Loans, Cash Credits, Overdraft etc. 223,444,014,781 216,620,580,285
(82,919,745) 70,597,752 (158,371,950) 178,268,866
exposures)
Bills discounted and purchased 16,697,553,234 21,024,167,598 Specific provision (net off w/off recovery) 659,578,619 1,034,018,095 355,571,460 471,687,395 Bills discounted and purchased 12,623,746,046 15,430,454,478
241,642,073,815 239,094,708,008 Other Provisions 226,328,927 163,189,779 42,566,317 113,673,365
236,067,760,827 232,051,034,763
Total provisions 802,987,801 1,267,805,627 239,765,827 763,629,626
Fixed assets including land, building, furniture and fixtures 7,512,075,085 7,407,132,303 Profit before tax for the period 2,913,287,090 3,114,423,630 1,254,999,893 1,511,841,956
Fixed assets including land, building, furniture and fixtures 7,443,410,154 7,349,051,230
Current tax expense 1,373,850,636 1,772,008,412 551,151,634 909,694,818
Other assets 7,019,447,652 4,869,888,926
Deferred tax (income)-net (36,580,000) (240,403,333) (36,580,000) (120,000,000) Other assets 8,745,389,750 6,616,216,326
Non banking assets 108,736,495 108,736,495 Provision for tax made for the period 1,337,270,636 1,531,605,079 514,571,634 789,694,818
Non banking assets 108,736,495 108,736,495
Profit after tax for the period 1,576,016,454 1,582,818,551 740,428,259 722,147,138

Earnings per share (EPS) 1.94 1.95 0.91 0.89 TOTAL ASSETS 348,122,618,698 335,163,467,726
TOTAL ASSETS 350,761,566,109 338,200,720,024

LIABILITIES AND SHAREHOLDER'S EQUITY

LIABILITIES AND SHAREHOLDER’S EQUITY

Liabilities Chief Financial Officer Company Secretary (Acting) Managing Director & CEO Liabilities

Borrowing from other banks, financial institutions and agents Borrowing from other banks, financial institutions and agents

Non-convertible subordinated bond 6,000,000,000 6,500,000,000 Non-convertible subordinated bond 6,000,000,000 6,500,000,000

Borrowing from other banks, FIs, Agents etc. 58,436,146,776 46,348,235,988 Director Director Borrowing from other banks, FIs, Agents etc. 56,408,231,500 44,320,788,208

64,436,146,776 52,848,235,988 Dhaka, 29 July 2020 62,408,231,500 50,820,788,208

Deposits and other accounts Deposits and other accounts

Current deposits & other accounts, etc. 23,830,628,984 24,837,018,432 EASTERN BANK LIMITED AND ITS SUBSIDIARIES Current deposits & other accounts, etc. 24,273,961,521 24,936,423,379
Consolidated Cash Flow Statement (Unaudited)
Savings bank deposits 54,980,413,185 50,214,304,541 for the period ended 30 June 2020 Savings bank deposits 54,980,413,185 50,214,304,541
Fixed deposits 124,187,131,390 131,735,401,586 Amount in BDT Fixed deposits 124,187,131,390 131,735,401,586
Others-special notice deposits 34,666,552,492 32,061,412,240 01 January 2020 01 January 2019 Others-special notice deposits 34,845,300,300 32,146,167,911
to 30 June 2020 to 30 June 2019
Bills payable 1,183,930,770 1,131,830,685 Bills payable 1,183,930,770 1,131,830,685
A) Cash flows from operating activities
Bearer certificates of deposits - - Bearer certificates of deposits - -
Interest receipts in cash 10,482,948,556 10,880,093,262
238,848,656,821 239,979,967,485 Interest payments (9,647,030,897) (7,656,319,944) 239,470,737,165 240,164,128,102
Dividend receipts 66,975,556 85,840,194
Other liabilities 19,918,950,598 19,410,763,266
Fees and commission receipts in cash 1,353,580,982 2,093,287,946 Other liabilities 19,107,398,023 18,611,065,064
TOTAL LIABILITIES 323,203,754,194 312,238,966,740 Income from investment (other than dividend received) 1,876,132,406 1,009,009,032
Recovery of loans previously written off 81,152,534 199,382,112 TOTAL LIABILITIES 320,986,366,687 309,595,981,374
SHAREHOLDERS' EQUITY Cash paid to employees (including directors) (2,226,069,727) (2,135,055,964)
SHAREHOLDERS' EQUITY
Share Capital-Paid up capital 8,117,995,470 8,117,995,470 Cash payment to suppliers (662,537,069) (811,746,520)
Income taxes payment (1,788,949,227) (1,076,758,316) Share Capital-Paid up capital 8,117,995,470 8,117,995,470
Statutory reserve 8,117,995,470 8,117,995,470
Received from other operating activities 101,453,027 105,064,033
Statutory reserve 8,117,995,470 8,117,995,470
Asset revaluation reserve 2,776,762,927 2,758,085,527 Paid for other operating activities (295,713,049) (298,595,249)
Operating cash flow before changes in operating assets and liabilities (658,056,907) 2,394,200,585 General reserve 603,493,370 603,493,370
General reserve 603,493,370 603,493,370
Increase/(decrease) in Operating Assets & Liabilities
Asset revaluation reserve 2,691,344,560 2,672,667,160
Dividend equalisation reserve 356,040,000 356,040,000 Sale/(purchase) of trading securities (8,095,517,160) (402,449,203)
Loans and advances to customers (1,805,257,836) (14,018,299,942) Dividend equalisation reserve 356,040,000 356,040,000
Foreign currency translation difference 4,838,752 5,365,748
Other assets (1,774,120,445) (305,479,179)
Foreign currency translation difference 1,536,083 2,050,701
Profit & loss account -retained earnings 7,580,685,926 6,002,777,699 Deposits from other Banks (1,260,582,117) (3,015,884,436)
Deposits from customers (other than banks) 1,732,666,732 27,774,684,906 Profit & loss account -retained earnings 7,247,847,058 5,697,244,180
TOTAL SHAREHOLDERS' EQUITY 27,557,811,915 25,961,753,284
Liability for tax 451,678,591 (454,846,762) TOTAL SHAREHOLDERS' EQUITY 27,136,252,010 25,567,486,351
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 350,761,566,109 338,200,720,024
Liabilities for provision (884,140,336) (1,467,187,738)
Other liabilities 751,702,249 2,725,089,178 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 348,122,618,698 335,163,467,726
OFF BALANCE SHEET ITEMS
Operating cash flow from operating assets and liabilities (10,883,570,322) 10,835,626,824
Contingent liabilities Net Cash received from / used in operating activities (11,541,627,229) 13,229,827,409 OFF BALANCE SHEET ITEMS

Acceptances and endorsements 39,737,626,436 45,008,741,219 B) Cash flows from investing activities Contingent liabilities
(Purchase)/sale of non-trading securities (13,754,757,681) (4,225,371,208)
Letters of guarantees 24,289,344,535 23,321,243,725 (Purchase)/sale of property, plant and equipment (402,864,122) (99,237,391) Acceptances and endorsements 39,737,626,436 45,008,741,219

Irrevocable letters of credit 14,588,140,357 23,139,697,761 Net cash used in investing activities (14,157,621,803) (4,324,608,600) Letters of guarantees 24,289,344,535 23,321,243,725
C) Cash flows from financing activities
Bills for collection 6,934,845,809 7,963,765,179 Irrevocable letters of credit 14,588,140,357 23,139,697,761
Borrowings from other banks, financial institutions and agents 11,587,910,787 1,018,382,202
Other contingent liabilities - - Dividend payment (cash dividend) - (1,475,999,178) Bills for collection 6,934,845,809 7,963,765,179
Net cash received from financing activities 11,587,910,787 (457,616,976)
85,549,957,138 99,433,447,884 Other contingent liabilities - -
D) Net (decrease) / increase in cash (A+B+C) (14,111,338,245) 8,447,601,834
E) Effects of exchange rate changes on cash and cash equivalents 1,364,776 3,830,280 85,549,957,138 99,433,447,884
Other commitments
F) Opening cash and cash-equivalents 44,658,148,121 27,787,746,049
Other commitments
Documentary credits and short term trade-related transactions - - G) Closing cash and cash-equivalents (D+E)* 30,548,174,652 36,239,178,163
Documentary credits and short term trade -related transactions - -
Forward assets purchased and forward deposits placed 586,490,584 347,552,793 *Closing cash and cash-equivalents
Cash In hand (including foreign currencies) 3,350,275,356 3,133,937,329 Forward assets purchased and forward deposits placed 586,490,584 347,552,793
Undrawn note issuance and revolving facilities - - Balances with Bangladesh Bank and its agent bank (s) 13,686,697,484 13,779,524,916
Undrawn note issuance and revolving facilities - -
Undrawn formal standby facilities, credit lines and other Balances with other Banks and Financial Institutions 13,508,096,612 19,053,404,617
- -
commitments Money at call and short notice - 269,000,000 Undrawn formal standby facilities, credit lines and other - -
586,490,584 347,552,793 Prize bonds 3,105,200 3,311,300 commitments
30,548,174,652 36,239,178,163 586,490,584 347,552,793
TOTAL OFF-BALANCE SHEET ITEMS 86,136,447,722 99,781,000,677
TOTAL OFF-BALANCE SHEET ITEMS 86,136,447,722 99,781,000,677

Chief Financial Officer Company Secretary (Acting) Managing Director & CEO Chief Financial Officer Company Secretary (Acting) Managing Director & CEO Chief Financial Officer Company Secretary (Acting) Managing Director & CEO

Director Director Director Director Director Director

Dhaka, 29 July 2020 Dhaka, 29 July 2020 Dhaka, 29 July 2020

EASTERN BANK LIMITED AND ITS SUBSIDIARIES

Consolidated Statement of Changes in Equity (Unaudited)
for the period ended 30 June 2020

Amount in BDT
Dividend
Statutory Foreign currency translation
Particulars Paid up capital General reserve equalisation Asset revaluation reserve Retained earnings Total equity
reserve difference
reserve
Balance as at 1 January 2020 8,117,995,470 8,117,995,470 603,493,370 356,040,000 2,758,085,528 5,365,748 6,002,777,699 25,961,753,284
Net profit for the period after tax - - - - - - 1,576,016,454 1,576,016,454
Adjustment of reserve for amortization of treasury securities (HTM) - - - - (24,666,308) - - (24,666,308)
Adjustment of reserve for revaluation of treasury securities (HFT) - - - - 43,343,707 - - 43,343,707
Adjustment for FCY RE balance - - - - - - 1,891,774 1,891,774
Currency translation difference - - - - - (526,996) - (526,996)
Balance as at 30 June 2020 8,117,995,470 8,117,995,470 603,493,370 356,040,000 2,776,762,927 4,838,752 7,580,685,928 27,557,811,914

Balance as at 30 June 2019 8,117,995,470 7,379,995,890 603,493,370 356,040,000 2,688,437,789 2,917,814 4,332,572,822 23,481,453,152

Chief Financial Officer Company Secretary (Acting) Managing Director & CEO Director Director

Dhaka, 29 July 2020

The details of the published financial statements are available at www.ebl.com.bd 100 Gulshan Avenue, Dhaka-1212.
 HALF YEARLY
Financial Statements 2020
(Unaudited)

EASTERN BANK LIMITED EASTERN BANK LIMITED EASTERN BANK LIMITED AND ITS SUBSIDIARIES
Profit & Loss Account (Unaudited) Cash Flow Statement (Unaudited) Selected Explanatory Notes
for the period ended 30 June 2020 for the period ended 30 June 2020 as at and for the period from 1 January 2020 to 30 June 2020
1 Activities of the Bank
Amount in BDT Amount in BDT
The principal activities of the Bank are to provide a comprehensive range of financial products (loans & deposits), personal and
commercial banking, trade services, cash management, treasury, securities and custody services.
01 January 01 January 01 April 01 April 01 January 2020 01 January 2019 The Bank does have a separate Off shore Banking Unit (OBU) which started its operation on 19 May 2004. The activities of the
2020 to 30 2019 to 30 2020 to 30 2019 to 30 to 30 June 2020 to 30 June 2019 unit is to give loans (on and off -balance sheet exposures) and take deposits only in freely convertible foreign currencies to and
June 2020 June 2019 June 2020 June 2019 from non-resident person/institutions, fully foreign owned EPZ companies etc.
A) Cash flows from operating activities Subsidiaries of the Bank
Interest Income 10,888,114,591 11,177,648,282 4,918,726,388 5,876,441,605
The Bank has four fully owned subsidiaries which has been in full fledged business operations. These are: EBL Securities Ltd,
Interest receipts in cash 10,219,346,600 10,649,561,252 a securities borkerage firm, ‘EBL Investments Limited’, a merchant bank , ‘EBL Finance (HK) Limited’, a foreign subsidiary for
Less: Interest paid on deposits and borrowings 7,848,183,908 6,918,349,736 3,804,948,896 3,696,021,337 trade finance & offshore banking business in Hong Kong, and ‘EBL Asset Management Limited’, an asset management for fund
Interest payments (9,518,926,537) (7,499,497,989) management, capital market operation, equity investment etc.

Net Interest Income 3,039,930,683 4,259,298,546 1,113,777,492 2,180,420,268 2 Basis of Preparation and Significant Accounting Policies
Dividend receipts 77,717,986 130,232,531 Basis of preparation, accounting policies and estimates applied in these financial statements as at and for the first quarter ended 30 June 2020
are same as those applied in the audited annual financial statements for the year ended 31 December 2019. Certain selected explanatory notes
Fees and commission receipts in cash 1,273,431,790 1,888,850,652 are given below:

Income from investments 2,426,737,204 1,126,745,318 1,340,006,397 608,067,891 Basis of Preparation

Income from investment (other than dividend received) 1,844,702,194 974,018,058 2.01 Statement of compliance
Commission, exchange and brokerage 1,273,431,790 1,888,850,652 459,813,373 988,956,458 The consolidated financial statements of the group (parent and its subsidiaries) and the separate financial statements of
Recovery of loans previously written off 81,152,534 199,382,112 the Bank (parent company) as at and for the first quarter ended 30 June 2020 have been prepared under the historical cost
convention except land which gets revalued fulfilling BB & BSEC requirements and Govt treasury securities (bills/bonds)
Other operating income 94,793,361 104,571,053 42,904,060 55,144,479 Cash payment to employees (including directors) (2,150,673,393) (2,049,178,339) classified as held for trading (HFT) which are measured at fair value, and in accordance with International Financial
Reporting Standards (IFRSs), the “First Schedule” (section 38) of the Banking Companies Act 1991 (as amendment upto
3,794,962,355 3,120,167,023 1,842,723,830 1,652,168,828 date), BRPD Circular no. 14 dated 25 June 2003, other Bangladesh Bank Circulars, the Companies Act 1994, the Securities
Cash payment to suppliers (652,140,245) (782,555,492)
and Exchange Rules 1987, Dhaka and Chittagong Stock Exchange’s listing regulations and other laws and rules applicable
in Bangladesh. In case the requirement of provisions and circulars issued by Bangladesh Bank differ with those of other
Total operating income 6,834,893,038 7,379,465,569 2,956,501,322 3,832,589,096 Income taxes payment (1,728,343,503) (1,040,790,231) regulatory authorities and accounting standards, the provisions and circulars issued by Bangladesh Bank shall prevail.
2.02 Functional and presentation currency
Received from other operating activities 94,793,361 104,571,053
These consolidated financial statements of the group and the separate financial statements of the Bank are presented in
BDT which is the Group’s and the Bank’s functional currency except OBU & EBL Finance (HK) Ltd. where functional
Salary & allowances (excluding those of MD) 1,963,524,193 1,907,346,116 941,485,523 942,557,745 Paid for other operating activities (287,673,136) (282,985,354) currency is US Dollar (USD) & Hong Kong Dollar (HKD) respectively. All financial information presented in BDT has
been rounded to the nearest integer, except when otherwise indicated.
Rent, taxes, insurance, utilities etc. 276,351,482 375,884,288 138,729,085 188,032,511 Operating cash flow before changes in operating assets and liabilities (746,612,348) 2,291,608,252
2.03 Use of estimates and judgements
The preparation of the consolidated financial statements of the Group and the separate financial statements of the Bank in conformity
Legal & professional expenses 27,224,563 54,886,939 1,541,706 37,552,357 Increase/(decrease) in Operating Assets & Liabilities with BFRSs require management to make judgements, estimates and assumptions that affect the application of accounting policies and
the reported amount of assets, liabilities, income and expense. Actual results may differ from these estimates.
Postage, stamp, telecommunication etc. 64,560,138 65,588,845 29,851,511 34,897,882 Sale/(purchase) of trading securities (8,096,886,577) (401,889,279) Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized
in the period in which the estimate is revised and in any future period affected.
Loans and advances to customers (3,239,554,331) (13,679,404,600)
Stationery, printing, advertisement, BP etc. 164,637,582 169,547,536 58,999,131 88,645,532 Significant accounting policies
Other assets (1,733,260,143) (258,749,097) The accounting policies set out have been applied consistently to all periods presented in these finacial statements, and
Managing director's salary and allowances (Bank only) 14,017,143 13,133,143 6,873,572 6,445,572 have been applied consistently by group entities, except otherwise instructed by the Central Bank as prime regulator.
Deposits from other Banks (1,260,582,117) (3,015,884,436) The financial statements of subsidiaries which are included in Consolidated Financial Statements of the Group have been prepared
using uniform accounting policies of the Bank (Parent) for transactions and other events in similar nature.
Directors' fees & expenses 1,615,007 2,377,262 576,405 1,238,929
Deposits from customers (other than banks) 2,170,586,459 27,603,392,304 Certain comparative amounts in these financial statements have been reclassified and rearranged to conform to the
Repairs, maintenance and depreciation 400,051,240 285,272,413 208,904,825 156,147,082 current period’s presentation.
Liability for tax 414,257,388 (425,711,586) 2.04 Revenue Recognition
Other operating expenses 287,673,136 282,985,354 104,911,327 149,110,221 The revenue during the period is recognised following all conditions of revenue recognition as prescribed by IFRS - 15.
Liabilities for provision (851,702,093) (1,431,877,427)
2.05 Cash Flow Statement
Total operating expenses 3,199,654,483 3,157,021,896 1,491,873,084 1,604,627,831 Other liabilities 735,197,360 2,716,153,759 Cash Flow Statement is prepared in accordance with International Accounting Standard (IAS) 7 ‘Cash Flow Statement’
and under the guideline of Bangladesh Bank BRPD Circular No.14 dated 25 June 2003. The Statement shows the Structure
Profit before provisions 3,635,238,555 4,222,443,674 1,464,628,238 2,227,961,265 of Changes in cash and cash equivalents during the period.
Operating cash flow from operating assets and liabilities (11,861,944,053) 11,106,029,638
2.06 Statement of Changes in Equity
Provision for loans and off-balance sheet exposure: Net Cash received from / used in operating activities (12,608,556,401) 13,397,637,890 Statement of changes in equity is prepared in accordance with International Accounting Standard (IAS) 1 ‘Presentation of
Financial Statements’ and relevant guidelines of Bangladesh Bank.
General provision (loans and OBS exposures) (82,919,745) 70,597,752 (158,371,950) 178,268,866 B) Cash flows from investing activities 2.07 Earnings per share
Earnings per share (EPS) has been computed by dividing the profit after tax (PAT) by the number of ordinary shares
Specific provision (net off w/off recovery) 659,578,619 1,030,461,495 362,517,706 468,130,795 (Purchase)/sale of non-trading securities (13,703,244,721) (4,234,633,904) outstanding as on 30 June 2020 as per IAS- 33 “Earnings Per Share”. Diluted earnings per share was not required to
calculate as there were no dilution possibilities during the period.
(Purchase)/sale of property, plant and equipment (375,043,684) (93,248,367) 2.08 Credit Rating of the Bank
Other Provisions 193,890,684 131,436,068 34,322,995 105,185,255
Net cash used in investing activities (14,078,288,404) (4,327,882,271) As per BRPD circular no. 6 dated 5 July 2006, the bank has done its credit rating by Credit Rating Information and Services Limited
Total provisions 770,549,558 1,232,495,316 238,468,751 751,584,916 (CRISL) based on the financial statements as at and for the year ended 31 December 2019. The following ratings have been awarded:
C) Cash flows from financing activities Periods Date of Rating Surveillance Rating Outlook
Long Term Short Term
Profit before tax for the period 2,864,688,996 2,989,948,358 1,226,159,486 1,476,376,349
January to December 2019 22-Jun-20 AA+ ST-1 Developing
Borrowings from other banks, financial institutions and agents 11,587,443,291 1,047,031,719
January to December 2018 26-Jun-19 AA+ ST-1 Stable
Current tax expense 1,350,666,115 1,706,905,151 545,695,541 875,037,004
Dividend paid (cash dividend) - (1,475,999,178) January to December 2017 28-Jun-18 AA+ ST-2 Stable

Deferred tax (income)-net (36,580,000) (240,403,333) (36,580,000) (120,000,000) 2.09 General

Net cash received from financing activities 11,587,443,291 (428,967,459)
Reporting Period
Provision for tax made for the period 1,314,086,115 1,466,501,818 509,115,541 755,037,004
D) Net (decrease) / increase in cash (A+B+C) 8,640,788,160 The reporting period of these financial statements of the Group and the Bank cover from 1 January 2020 to 30 June 2020.
(15,099,401,514)
Profit after tax for the period 1,550,602,881 1,523,446,540 717,043,945 721,339,345 Review of the Financial Statements
E) Effects of exchange rate changes on cash and cash equivalents (514,622) 2,378,175
These financial statements were reviewed by the Audit Committee of the Board of EBL in its 125 meeting held on 29 July
2020 and was subsequently approved by the Board in its 672 meeting held on the same date.
F) Opening cash and cash-equivalents 49,245,781,566 33,300,174,418
2.10 Additional Disclosure in compliance with BSEC notification dated 20 June 2018:
Earnings per share (EPS) 1.91 1.88 0.88 0.89
G) Closing cash and cash-equivalents (D+E)* 34,145,865,429 41,943,340,753 Significant deviation between two quarterly periods and reasons therefore:
Amount BDT Crore
Condoslidated
Increase/
*Closing cash and cash-equivalents Particulars January to June January to June Reasons
(Decrease)
2020 2019
Interest income has decreased mainly due to capping
Cash In hand (including foreign currencies) 3,350,111,758 3,133,682,274 of interest rates of all loans (except credit cards) to 9%
NII (Net Interest w.e.f. 01 April 2020 and waiver of penal interest as per BB
Balances with Bangladesh Bank and its agent bank (s) 13,686,697,484 13,779,524,916 312.43 434.52 (122.09)
Income) instruction. On the contrary, interest expense has increased
due to increase of deposit and borrowing (including sub-
Balances with other Banks and Financial Institutions 17,105,950,987 24,757,822,263 debt) partly offset by decreased cost of fund.
Income from investments (both interest and gain) has increased
Income from
244.74 111.73 133.01 mainly due to increase of investment in Treasury Bills and Bonds
Money at call and short notice - 269,000,000 investments
during this period.
As per BRPD circular no. 04 dated 19 March 2020, no loans and
Prize bonds 3,105,200 3,311,300 Specific provision advances has been downgraded during the period Jan-Jun,2020.
65.96 103.40 (37.44)
(expense) Hence, specific provision charged during the period is lesser
34,145,865,429 41,943,340,753 than that of Jan-Jun 2019.
General provision charged has been released during this period
General provision
(8.29) 7.06 (15.35) mainly due to decrease of outstanding balance of Off-balance
(expense)
sheet items compared to that of year-end 2019.
DSEX index significantly dropped in June, 2020
compared to that of year-end 2019. As a result, higher
Other provision 22.63 16.32 6.31
amount of provision is charged against diminution of
value of quoted securities and other assets.
Total tax provision includes current tax and deferred
tax. Current tax expense has decreased mainly for
lower taxable income of both EBL and subsidiaries.
Total tax provision 133.72 153.16 (19.44)
Deferred tax income has reduced as there is no
downgradion of loans and advances as BL during the
period Jan-Jun, 2020.

Number of ordinary shares with face value and date of issues:

Chief Financial Officer Company Secretary (Acting) Managing Director & CEO Chief Financial Officer Company Secretary (Acting) Managing Director & CEO
Number of ordinary shares as on 30 June 2020 was 811,799,547 with a face value BDT 10 per share. However, details
history of raising capital and number of shares issued are available in the Annual Report 2019.

Calculation of NAV and NAVPS:

Bank (Consol) Bank (Solo)
Particulars
30-Jun-2020 31-Dec-2019 30-Jun-2020 31-Dec-2019
Director Director Director Director Net Assets Value (NAV) in crore 2,755.78 2,596.18 2,713.63 2,556.75
Net Assets Value per share in BDT 33.95 31.98 33.43 31.49
Dhaka, 29 July 2020 Dhaka, 29 July 2020 Net Asset Value
Calculation of NAVPS:
No of shares outstanding

Calculation of EPS and NOCFPS:

Bank (Consol) Bank (Solo)
Particulars January to June January to June January to June January to June
2020 2019 2020 2019
Earnings Per Share (EPS) in BDT 1.94 1.95 1.91 1.88
Net Operating Cash Flow per share
(14.22) 16.30 (15.53) 16.50
(NOCFPS) in BDT
Profit After Tax
Calculation of EPS:
No of shares outstanding

Net Operating Cash Flow

Calculation of NOCFPS:
No of shares outstanding

EASTERN BANK LIMITED

Statement of Changes in Equity (Unaudited)
for the period ended 30 June 2020
Amount in BDT
Statutory Dividend Foreign currency translation
Particulars Paid up capital General reserve Asset revaluation reserve Retained earnings Total equity
reserve equalisation reserve difference
Balance as at 1 January 2020 8,117,995,470 8,117,995,470 603,493,370 356,040,000 2,672,667,161 2,050,701 5,697,244,179 25,567,486,351

Net profit for the period after tax - - - - - - 1,550,602,881 1,550,602,881

Adjustment of reserve for amortization of treasury securities (HTM) - - - - (24,666,308) - - (24,666,308)

Adjustment of reserve for revaluation of treasury securities (HFT) - - - - 43,343,707 - - 43,343,707

Currency translation difference - - - - - (514,618) - (514,618)

Balance as at 30 June 2020 8,117,995,470 8,117,995,470 603,493,370 356,040,000 2,691,344,560 1,536,083 7,247,847,059 27,136,252,010

Balance as at 30 June 2019 8,117,995,470 7,379,995,890 603,493,370 356,040,000 2,603,019,422 335,990 3,950,548,174 23,011,428,317

Chief Financial Officer Company Secretary (Acting) Managing Director & CEO Director Director

Dhaka, 29 July 2020

The details of the published financial statements are available at www.ebl.com.bd 100 Gulshan Avenue, Dhaka-1212.