Eastern Bank : EBL Q3 Financial Statements 2023 (Unaudited)

QUARTERLY FINANCIAL STATEMENTS THIRD QUARTER 2023 (UNAUDITED)

Eastern Bank PLC. and its subsidiaries

Consolidated Balance Sheet (Unaudited)

as at 30 September 2023

Amount in BDT

Eastern Bank PLC. and its subsidiaries

Consolidated Profit and Loss Account (Unaudited)

for the period ended 30 September 2023

Amount in BDT

Eastern Bank PLC.

Balance Sheet (Unaudited)

as at 30 September 2023

Amount in BDT

Particulars	30-09-2023	31-12-2022
PROPERTY AND ASSETS
Cash
Cash in hand (including foreign currencies)	5,039,915,010	4,716,684,227
Balances with Bangladesh Bank and its agent bank(s)	14,338,545,573	16,438,906,912
(including foreign currencies)
	19,378,460,584	21,155,591,140
Balances with other Banks and Financial Institutions
In Bangladesh	6,808,072,546	4,612,126,429
Outside Bangladesh	8,006,993,257	7,987,271,813
	14,815,065,803	12,599,398,242
Money at call and short notice	4,700,000,000	6,440,000,000
Investments
Government	76,590,793,813	64,603,877,534
Others	27,264,008,968	28,428,309,602
	103,854,802,781	93,032,187,136
Loans and advances
Loans, Cash Credits, Overdraft etc.	287,594,965,682	260,686,467,101
Bills discounted and purchased	44,157,644,686	50,398,266,460
	331,752,610,368	311,084,733,561
Fixed assets including land, building, furniture and fixtures	8,574,599,479	8,583,485,506
Other assets	8,685,533,108	6,973,051,004
Non banking assets	-	-
TOTAL ASSETS	491,761,072,123	459,868,446,590

Particulars

Interest Income

Less: Interest paid on deposits and borrowings

Net Interest Income

Income from investments Commission, exchange and brokerage Other operating income

Total operating income

Salary & allowances (excluding those of MD) Rent, taxes, insurance, utilities etc.

Legal & professional expenses

Postage, stamp, telecommunication etc. Stationery, printing, advertisement, BP, etc.

Managing Director's salary and allowances (Bank only)

Directors' Fees & Expenses

Repairs, maintenance and depreciation Other operating expenses

Total operating expenses

Profit before provisions

Provision for loans and off-balance sheet exposure:

General provision (loans and OBS exposures) Specific provision (net-of w/off recovery) Other Provisions

Total provisions

Profit before tax for the period

Current tax expense Deferred tax (income)-net Provision for tax made for the period Profit after tax for the period

Earnings per share (EPS)(restated)

01 January	01 January	01 July	01 July
2023 to 30	2022 to 30	2023 to 30	2022 to 30
September	September	September	September
2023	2022	2023	2022
19,574,594,123	14,206,276,604	7,326,034,968	5,127,266,128
13,752,194,970	9,056,330,086	5,051,816,214	3,464,374,092
5,822,399,153	5,149,946,518	2,274,218,754	1,662,892,036
6,038,020,738	4,851,479,635	2,240,648,459	1,847,266,096
3,378,849,039	3,415,018,238	1,109,282,323	1,058,967,227
200,938,911	257,560,570	68,539,884	112,010,302
9,617,808,687	8,524,058,443	3,418,470,666	3,018,243,625
15,440,207,840	13,674,004,961	5,692,689,421	4,681,135,660
4,163,444,403	3,734,106,262	1,348,279,220	1,165,125,523
391,876,624	375,131,976	145,606,725	131,336,448
91,019,104	90,857,348	19,517,625	25,107,181
158,016,497	126,473,939	56,070,498	40,890,089
380,839,871	191,630,576	115,431,118	62,967,486
24,630,308	23,456,893	7,139,322	6,808,793
2,747,165	3,000,447	868,334	1,172,362
1,050,877,298	865,241,559	335,505,372	302,598,130
716,866,692	462,355,216	145,962,867	120,002,630
6,980,317,961	5,872,254,216	2,174,381,081	1,856,008,643
8,459,889,879	7,801,750,745	3,518,308,339	2,825,127,018
800,062,438	222,861,834	272,977,519	69,110,050
523,273,123	890,567,312	218,731,332	352,786,913
200,473,385	496,412,660	75,243,490	33,261,074
1,523,808,946	1,609,841,806	566,952,340	455,158,036
6,936,080,933	6,191,908,939	2,951,355,999	2,369,968,981
3,058,574,436	2,857,736,781	1,191,737,476	1,054,339,385
(380,368,448)	(529,197,949)	(75,602,674)	(176,213,213)
2,678,205,988	2,328,538,832	1,116,134,801	878,126,172
4,257,874,944	3,863,370,107	1,835,221,198	1,491,842,809
3.53	3.20	1.52	1.24

Particulars	30-09-2023	31-12-2022
PROPERTY AND ASSETS
Cash
Cash in hand (including foreign currencies)	5,039,864,004	4,716,619,787
Balances with Bangladesh Bank and its agent bank(s)	14,338,545,573	16,438,906,912
(including foreign currencies)
	19,378,409,577	21,155,526,699
Balances with other Banks and Financial Institutions
In Bangladesh	6,360,776,635	4,471,348,086
Outside Bangladesh	7,654,259,163	7,382,719,034
	14,015,035,798	11,854,067,120
Money at call and short notice	4,700,000,000	6,440,000,000
Investments
Government	76,586,150,108	64,603,877,534
Others	24,298,914,521	25,802,844,879
	100,885,064,629	90,406,722,413
Loans and advances
Loans, Cash Credits, Overdraft etc.	290,166,241,768	263,817,658,813
Bills discounted and purchased	38,172,386,044	45,097,944,098
	328,338,627,813	308,915,602,911
Fixed assets including land, building, furniture and fixtures	8,508,664,799	8,500,798,743
Other assets	10,795,981,398	8,716,424,628
Non banking assets	-	-
TOTAL ASSETS	486,621,784,012	455,989,142,515
LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Borrowing from banks,Fis, Agents, etc.
Non-convertible subordinated bond		6,570,000,000	5,950,000,000
Borrowing from other banks,Fis, Agents, etc.		73,903,122,006	72,647,428,424
		80,473,122,006	78,597,428,424
Deposits and other accounts
Current deposits and other accounts etc.		58,960,723,986	48,977,808,908
Bills payable		1,431,266,879	1,073,551,209
Savings bank deposits		78,749,178,209	75,127,325,490
Fixed deposits		151,088,026,231	130,692,541,410
Special notice deposits (SND)		50,496,626,515	60,455,307,927
		340,725,821,822	316,326,534,944
Other liabilities		32,076,700,109	29,182,855,215
TOTAL LIABILITIES		453,275,643,938	424,106,818,582
SHAREHOLDERS' EQUITY
Share Capital-Paid up capital		12,072,347,150	10,730,975,250
Statutory reserve		10,730,975,250	10,730,975,250
General reserve		619,656,770	603,493,370
Dividend equalisation reserve		356,040,000	356,040,000
Assets revaluation reserve		2,584,294,724	2,735,843,783
Actuarial remeasurement gain/(loss)		(367,924,063)	(367,924,063)
Foreign currency translation difference		(114,348,268)	(75,276,321)
Surplus in Profit and loss account		12,604,386,622	11,047,500,739
TOTAL SHAREHOLDERS' EQUITY		38,485,428,185	35,761,628,008
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	491,761,072,123	459,868,446,590
OFF BALANCE SHEET ITEMS
Contingent liabilities
Acceptances and endorsements		75,153,552,033	61,495,322,122
Letters of guarantees		45,576,721,124	44,488,068,707
Irrevocable letters of credit		53,498,074,135	41,911,963,642
Bills for collection		14,360,341,320	15,298,846,071
		188,588,688,612	163,194,200,541
Other commitments
Documentary credits and short term trade-related transactions	-	-
Forward assets purchased and forward deposits placed	-	501,704,953
Undrawn note issuance and revolving facilities	-	-
Undrawn formal standby facilities, credit lines and other commitments	1,400,000,000	1,400,000,000
Claims against the Bank not acknowledged as debt	1,400,000,000	1,901,704,953
TOTAL OFF-BALANCE SHEET ITEMS		189,988,688,612	165,095,905,495
Chief Financial Officer	Company Secretary	Managing Director & CEO
Director				Director
Dhaka, 26 October 2023

Chief Financial Officer	Company Secretary	Managing Director & CEO
	Director			Director
Dhaka, 26 October 2023
		Eastern Bank PLC. and its subsidiaries
		Consolidated Cash Flow Statement (Unaudited)
		for the period ended 30 September 2023
				Amount in BDT
			01 January 2023	01 January 2022
	Particulars		to 30 September	to 30 September
			2023	2022

A) Cash flows from operating activities
	Interest receipts in cash	18,678,999,150	13,755,390,871
	Interest paid	(12,066,211,040)	(7,435,396,184)
	Dividend receipts	835,484,804	400,516,334
	Fees and commission receipts in cash	3,378,849,039	3,415,018,238
	Income from investment (other than dividend received)	4,874,656,067	4,061,067,992
		297,563,725	532,464,290
	Recovery of loans previously written off (bank only)
	Cash paid to employees (including directors)	(4,270,887,894)	(3,916,121,251)
	Cash paid to suppliers	(1,353,377,035)	(1,031,677,496)
	Income taxes paid	(5,830,077,210)	(3,316,137,537)
	Received from other operating activities	200,938,911	257,560,570
	Paid for other operating activities		(717,939,618)		(463,428,142)
	Operating cash flow before changes in operating assets and liabilities	4,027,998,900	6,259,257,685
	Increase/(decrease) in Operating Assets & Liabilities
	(Purchase-net) of trading securities	(6,281,590,985)	(15,648,526,679)
	Loans and advances to customers	(19,785,867,283)	(19,651,011,937)
	Other assets	(1,371,016,789)	(600,295,720)
	Deposits/borrowings from other Banks	1,804,300,940	14,160,974,477
	Deposits from customers (other than banks)	22,714,839,428	25,488,933,342
	Liability for tax	3,151,871,222	987,598,706
	Liabilities for provision	(1,821,372,671)	(2,142,306,097)
	Other liabilities		2,441,003,400		2,522,521,332
	Operating cash flow from operating assets and liabilities		852,167,261		5,117,887,424
	Net cash received from operating activities	4,880,166,160	11,377,145,109

1. Cash flows from investing activities

	(Purchase -net) of non-trading securities	(4,540,430,483)	(7,180,312,148)
	(Purchase -net) of property, plant and equipment	(861,915,390)		(1,277,991,048)
	Net cash (used in) investing activities		(5,402,345,874)	(8,458,303,196)
C)	Cash flows from financing activities
	Net- issuance/(redemption) of subordinated bond	620,000,000	(1,350,000,000)
	Dividend paid (cash dividend, partial payment)	(1,341,371,900)		(1,192,330,584)
	Net cash (used in) financing activities		(721,371,900)	(2,542,330,584)
D)	Net (decrease) / increase in cash (A+B+C)	(1,243,551,613)	376,511,330
E)	Effects of exchange rate changes on cash and cash equivalents	(57,317,184)	(119,387,649)
F)	Opening cash and cash-equivalents		40,197,681,282		37,132,093,625
G)	Closing cash and cash-equivalents (D+E)*	38,896,812,485	37,389,217,306
	*Closing cash and cash-equivalents
	Cash In hand (including foreign currencies)	5,039,915,010	4,616,937,940
	Balances with Bangladesh Bank and its agent bank (s)	14,338,545,573	13,546,209,517
	Balances with other Banks and Financial Institutions	14,815,065,803	8,973,734,750
	Money at call and short notice		4,700,000,000	10,250,000,000
	Prize bonds		3,286,100		2,335,100
			38,896,812,485		37,389,217,306
Chief Financial Officer	Company Secretary	Managing Director & CEO
Director				Director
Dhaka, 26 October 2023

Liabilities
Borrowing from banks,Fis, Agents, etc.
Non-convertible subordinated bond		6,570,000,000	5,950,000,000
Borrowing from other banks,Fis, Agents, etc.		70,488,176,249	70,046,357,312
		77,058,176,249	75,996,357,312
Deposits and other accounts
Current deposits and other accounts etc.		59,262,311,316	49,608,497,830
Bills payable		1,431,266,879	1,073,551,209
Savings bank deposits		78,762,391,933	75,127,325,490
Fixed deposits		151,088,026,231	130,692,541,410
Special notice deposits (SND)		50,797,989,523	60,595,389,174
		341,341,985,882	317,097,305,113
Other liabilities		30,538,295,554	27,850,035,594
TOTAL LIABILITIES		448,938,457,686	420,943,698,018
SHAREHOLDERS' EQUITY
Share Capital-Paid up capital		12,072,347,150	10,730,975,250
Statutory reserve		10,730,975,250	10,730,975,250
General reserve		603,493,370	603,493,370
Dividend equalisation reserve		356,040,000	356,040,000
Assets revaluation reserve		2,498,876,357	2,650,425,416
Actuarial remeasurement gain/(loss)		(367,924,063)	(367,924,063)
Foreign currency translation difference		(236,270,732)	(164,282,960)
Surplus in Profit and loss account		12,025,788,994	10,505,742,233
TOTAL SHAREHOLDERS' EQUITY		37,683,326,327	35,045,444,497
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	486,621,784,012	455,989,142,515
OFF BALANCE SHEET ITEMS
Contingent liabilities
Acceptances and endorsements		75,153,552,033	61,495,322,122
Letters of guarantees		45,576,721,124	44,488,068,707
Irrevocable letters of credit		53,498,074,135	41,911,963,642
Bills for collection		14,360,341,320	15,298,846,071
		188,588,688,612	163,194,200,541
Other commitments
Documentary credits and short term trade -related transactions	-	-
Forward assets purchased and forward deposits placed	-	501,704,953
Undrawn note issuance and revolving facilities	-	-
Undrawn formal standby facilities, credit lines and other	1,400,000,000	1,400,000,000
commitments
Claims against the Bank not acknowledged as debt	1,400,000,000	1,901,704,953
TOTAL OFF-BALANCE SHEET ITEMS		189,988,688,612	165,095,905,495
Chief Financial Officer	Company Secretary	Managing Director & CEO
Director				Director
Dhaka, 26 October 2023

Eastern Bank PLC. and its subsidiaries

Consolidated Statement of Changes in Equity (Unaudited)

for the period ended 30 September 2023

Amount in BDT

Particulars

Paid up capital

Statutory

reserve

General reserve

Dividend equalisation

reserve

Assets revaluation

reserve

Actuarial

remeasurement (loss)

Foreign currency

translation difference

Retained earnings

Total equity

Balance as at 1 January 2023	10,730,975,250	10,730,975,250	603,493,370	356,040,000	2,735,843,783	(367,924,063)	(75,276,321)	11,047,500,739	35,761,628,009
Net profit after tax for the period	-	-	-	-	-	-	-	4,257,874,944	4,257,874,944
Bonus share issued	1,341,371,900	-	-	-	-	-	-	(1,341,371,900)	-
Cash dividend Paid	-	-	-	-	-	-	-	(1,341,371,900)	(1,341,371,900)
Adjustment of reserve for NBA	-	-	-	-	-	-	-	-	-
Adjustment of reserve for amortization of treasury securities (HTM)	-	-	-	-	(24,708,655)	-	-	-	(24,708,655)
Adjsutment of reserve against revaluation of treasury securities (HFT)	-	-	-	-	(126,840,404)	-	-	-	(126,840,404)
Adjustment for FCY RE balance	-	-	-	-	-	-	-	(18,245,260)	(18,245,260)
Currency translation difference	-	-	-	-	-	-	(39,071,947)	-	(39,071,947)
Transfer to capital reserve (applicable for EBL-SL)	-	-	16,163,400	-	-	-	-	-	16,163,400
Balance as at 30 September 2023	12,072,347,150	10,730,975,250	619,656,770	356,040,000	2,584,294,724	(367,924,063)	(114,348,268)	12,604,386,623	38,485,428,185
Balance as at 30 September 2022	10,730,975,250	9,538,644,670	603,493,370	356,040,000	2,696,395,404	(406,049,063)	(116,996,898)	10,982,576,424	34,385,079,157

Chief Financial Officer	Company Secretary	Managing Director & CEO	Director	Director
Dhaka, 26 October 2023
				100 Gulshan Avenue, Dhaka-1212.

QUARTERLY FINANCIAL STATEMENTS THIRD QUARTER 2023 (UNAUDITED)

Eastern Bank PLC.

Profit and Loss Account (Unaudited)

for the period ended 30 September 2023

Amount in BDT

Eastern Bank PLC.

Cash Flow Statement (Unaudited) for the period ended 30 September 2023

Amount in BDT

Eastern Bank PLC. and its subsidiaries

Selected explanatory notes

as at and for the period from 1 January 2023 to 30 September 2023

• Activities of the Bank

Particulars

Interest Income

Less: Interest paid on deposits and borrowings

Net Interest Income

Income from investments

Commission, exchange and brokerage

Other operating income

Total operating income

01 January	01 January	01 July 2023 to	01 July 2022 to
2023 to 30	2022 to 30
30 September	30 September
September	September
2023	2022
2023	2022
19,035,907,086	13,971,791,004	6,925,780,602	5,062,709,648
13,253,648,449	8,953,142,314	4,686,253,116	3,439,077,527
5,782,258,637	5,018,648,690	2,239,527,486	1,623,632,121
6,005,878,543	4,720,286,241	2,196,177,170	1,787,486,355
3,087,662,020	3,086,793,522	1,004,887,439	974,412,495
192,824,611	207,095,902	60,728,643	61,932,876
9,286,365,173	8,014,175,665	3,261,793,252	2,823,831,725
15,068,623,810	13,032,824,356	5,501,320,739	4,447,463,846

	01 January 2023	01 January 2022
Particulars	to 30 September	to 30 September
	2023	2022

1. Cash flows from operating activities

Interest receipts in cash	18,168,566,447	13,517,984,115
Interest paid	(11,567,945,075)	(7,333,369,764)
Dividend receipts	1,009,528,096	712,429,544
Fees and commission receipts in cash	3,179,544,829	2,791,068,644
Income from investment (other than dividend received)	4,668,470,581	3,617,961,388
Recovery of loans previously written off	297,563,725	532,464,290
Cash paid to employees (including directors)	(4,114,471,901)	(3,768,123,471)
Cash paid to suppliers	(1,327,210,416)	(1,008,278,426)
Income taxes paid	(5,763,505,399)	(3,237,251,744)
Received from other operating activities	192,824,611	207,095,902
Paid for other operating activities	(705,400,276)	(448,678,065)
Operating cash flow before changes in operating assets and

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.

The Bank does have a separate Off shore Banking Unit (OBU) which started its operation on 19 May 2004. The activities of the unit is to give loans (on and off -balance sheet exposures) and take deposits only in freely convertible foreign currencies to and from non-resident person/institutions, fully foreign owned EPZ companies etc.

Subsidiaries of the Bank

The Bank has four fully owned subsidiaries in operations: EBL Securities Ltd, a securities borkerage firm, 'EBL Investments Limited', a merchant bank, 'EBL Finance (HK) Limited', a foreign subsidiary for trade finance & offshore banking business in Hong Kong, and 'EBL Asset Management Limited', an asset management for fund management, capital market operation, equity investment etc.

• Basis of Preparation and Significant Accounting Policies

Basis of preparation, accounting policies and estimates applied in these financial statements as at and for the period ended 30 September 2023 are same as those applied in the audited annual financial statements for the year ended 31 December 2022. Certain selected explanatory notes are given below:

Basis of Preparation

2.01 Statement of compliance

The consolidated financial statements of the group (parent and its subsidiaries) and the separate financial statements of the Bank (parent company) as at and for the period ended 30 September 2023 have been prepared under the historical cost convention except land which gets revalued fulfilling BB & BSEC requirements and Govt treasury securities (bills/bonds) 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 date), BRPD Circular no. 14 dated 25 June 2003, other Bangladesh Bank Circulars, the Companies Act 1994 (as amendment upto date), the Financial Reporting Act 2015, the Securities 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 regulatory authorities and accounting standards, the provisions and circulars issued by Bangladesh Bank shall prevail.

2.02 Functional and presentation currency

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 currency is US Dollar (USD) & Hong Kong Dollar (HKD) respectively. All financial information presented in BDT has been rounded off to the nearest integer, except when otherwise indicated.

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 with IFRSs
	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.
	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.
	Significant accounting policies

Salary & allowances (excluding those of MD)

Rent, taxes, insurance, utilities etc.

Legal & professional expenses

Postage, stamp, telecommunication etc.

Stationery, printing, advertisement, BP, etc.

Managing Director's salary and allowances (Bank only)

Directors' Fees & Expenses

Repairs, maintenance and depreciation

Other operating expenses

Total operating expenses

Profit before provisions

Provision for loans and off-balance sheet exposure:

4,025,062,298	3,605,883,913	1,305,570,492	1,121,955,658
382,364,977	366,004,468	141,910,609	128,044,235
89,798,366	88,757,316	18,995,739	24,625,763
152,042,773	120,785,738	54,351,199	38,924,753
375,944,551	187,807,876	114,714,769	61,125,019
24,630,308	23,456,893	7,139,322	6,808,793
2,400,665	2,651,947	813,334	968,862
1,019,959,200	836,637,846	325,076,918	293,796,399
704,327,350	447,605,139	142,207,483	114,296,814
6,776,530,487	5,679,591,136	2,110,779,865	1,790,546,297
8,292,093,323	7,353,233,220	3,390,540,873	2,656,917,549

	liabilities	4,037,965,222	5,583,302,412
	Increase/(decrease) in Operating Assets & Liabilities
	(Purchase)/sale of trading securities	(5,961,961,257)	(15,220,588,062)
	Loans and advances to customers	(18,574,051,938)	(19,855,897,152)
	Other assets	(1,825,192,038)	(202,853,726)
	Deposits/borrowings from other Banks	990,426,294	13,745,513,444
	Deposits from customers (other than banks)	22,560,233,321	26,225,749,010
	Liability for tax	3,156,311,516	1,023,422,109
	Liabilities for provision	(1,779,673,010)	(1,911,510,091)
	Other liabilities	2,201,848,233	2,265,747,007
	Operating cash flow from operating assets and liabilities	767,941,122	6,069,582,539
	Net cash received from operating activities	4,805,906,344	11,652,884,951
B)	Cash flows from investing activities
	(Purchase net) of non-trading securities	(4,515,786,780)	(7,173,172,488)
	(Purchase net) of property, plant and equipment	(852,314,565)	(1,200,500,923)
	Net cash (used in) investing activities	(5,368,101,346)	(8,373,673,411)

1. Cash flows from financing activities

The accounting policies set out have been applied consistently to all periods presented in these finacial statements, and have been

applied consistently by group entities, except otherwise instructed by the Central Bank as prime regulator.

The financial statements of the 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 of similar nature.

Certain comparative amounts in these financial statements have been reclassified and rearranged to conform to the current period's presentation.

2.04 Revenue Recognition

The revenue during the period is recognised following all conditions of revenue recognition as prescribed by IFRS - 15.

2.05 Cash Flow Statement

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 of Changes in cash and cash equivalents during the period.

2.06 Statement of Changes in Equity

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.

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 outstanding as on 30 September 2023 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.

2.08 Credit Rating of the Bank

As per BRPD circular no. 6 dated 5 July 2006, the bank has done its credit rating by Credit Rating Agency of Bangladesh Ltd. (CRAB) based on the financial statements as at and for the year ended 31 December 2022. The following ratings have been awarded:

Periods	Date of	Rating	Outlook	Credit Rating Agency
	Rating	Long Term	Short Term
January to December 2022	21-Jun-23	AAA	ST-1	Stable	CRAB
January to December 2021	28-Jun-22	AA+	ST-1	Stable	CRISL
January to December 2020	17-Jun-21	AA+	ST-1	Stable	CRISL

1. General
   Reporting Period
   The reporting period of these financial statements of the Group and the Bank cover from 1 January 2023 to 30 September 2023.
   Review of the Financial Statements
   These financial statements were reviewed by the Audit Committee of the Board of EBL in its meeting held on 26 October 2023 and was subsequently approved by the Board in its meeting held on the same date.
2. Additional Disclosure in compliance with BSEC notification dated 20 June 2018: Significant deviation between two quarterly periods and reasons therefor:

Amount in BDT Crore

	Consolidated	Increase/
Particulars			Reasons
January to	January to

General provision (loans and OBS	763,697,575	222,861,834	255,532,477	69,110,050
exposures)
Specific provision (net-of w/off	523,273,123	889,921,642	226,813,032	352,496,343
recovery)
Other Provisions	195,138,587	266,262,324	68,506,007	(1,404,604)
Total provisions	1,482,109,285	1,379,045,800	550,851,515	420,201,788
Profit before tax for the period	6,809,984,038	5,974,187,420	2,839,689,358	2,236,715,761
Current tax expense	2,985,841,048	2,741,579,986	1,165,734,899	1,015,859,991
Deferred tax (income)-net	(378,647,165)	(527,750,350)	(74,603,684)	(176,000,000)
Provision for tax made for the
2,607,193,883	2,213,829,636	1,091,131,214	839,859,991
period
Profit after tax for the period	4,202,790,155	3,760,357,784	1,748,558,144	1,396,855,770
Earnings per share (EPS) (restated)	3.48	3.11	1.45	1.16

Chief Financial Officer

Company Secretary

Managing Director & CEO

Director	Director
Dhaka, 26 October 2023

	Net- issuance/(redemption) of subordinated bond	620,000,000	(1,350,000,000)
	Dividend paid (cash dividend, partial payment)	(1,341,371,900)	(1,192,330,584)
	Net cash (used in) financing activities	(721,371,900)	(2,542,330,584)
D)	Net (decrease) / increase in cash (A+B+C)	(1,283,566,902)	736,880,957
E)	Effects of exchange rate changes on cash and cash	(71,987,343)	(113,865,558)
equivalents
F)	Opening cash and cash-equivalents	39,452,285,719	36,516,190,806
G)	Closing cash and cash-equivalents (D+E)*	38,096,731,475	37,139,206,206
	*Closing cash and cash-equivalents
	Cash In hand (including foreign currencies)	5,039,864,004	4,616,562,999
	Balances with Bangladesh Bank and its agent bank (s)	14,338,545,573	13,546,209,517
	Balances with other Banks and Financial Institutions	14,015,035,798	8,724,098,590
	Money at call and short notice	4,700,000,000	10,250,000,000
	Prize bonds	3,286,100	2,335,100
		38,096,731,475	37,139,206,206

Chief Financial Officer

Company Secretary

Managing Director & CEO

Director

Director

Dhaka, 26 October 2023

	September 2023	September 2022	(Decrease)
NII (Net Interest				NII has increased mainly due to increase of yield on
582.24	514.99	67.25	loans (following SMART) at a faster pace than the
Income)	pace of growth of cost of deposits during Jan-Sep '23
				compared to those of Jan-Sep, 2022.
				Income from investments has increased due to increase
Income from				of both yield and volume of investment in government
603.80	485.15	118.65	treasury securities, increase of income from reverse
investments
			repo and dividend from perpetual bonds, pref. shares
				and quoted shares, etc.
Commission,				Fees and commission income (trade fees and brokerage
			commission) has decreased due to slower growth of
exchange and	337.88	341.50	(3.62)
trade volume (including OBS exposures) of EBL and
brokerage
			trading turnover in EBLSL.
General provision				General provision has increased mainly due to increase
(loans and OBS	80.01	22.29	57.72	of funded and non-funded exposures and building
exposures)	of additional provision for certain rescheduled loan
(expense)				accounts and OBS exposures.
				SP charge in Jan-Sep, 2023 has been made as per
Specific provision				classification status of loans following BB circulars.
			On the contrary SP charge in Jan-Sep, 2022 was
(net-of w/	52.33	89.06	(36.73)	significantly higher mainly due to internal downgrade
off recovery)	of loans (SS to DF to BL) upon expiry of classification
(expense)				relaxation rule issued for COVID-19 and shifting of few
			rescheduled unclassified loan accounts to classified
				ones in Jan-Sep, 2022.
				Due to floor price, provision for MTM loss against
				quoted securities in Jan-Sep, 2023 has decreased.
Other provision	20.05	49.64	(29.59)	On the contrary in Jan-Sep, 2022 provision was
significantly higher for two reasons: Significant
				decrease of DSEX index and sale of shares having gain
				during that period.
				Tax provision includes current tax and deferred tax.
				Current tax expense has increased mainly for increase
				of taxable income of both EBL and subsidiaries.
Total tax provision	267.82	232.85	34.97	Deferred tax income has decreased for two reasons:
adjustment for loan written off worth BDT 22.41 cr and
				lower growth of specific provision against BL category
				loans in Jan-Sep, 2023 as compared to that of same
				period 2022.

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

Number of ordinary shares as on 30 September 2023 was 1,207,234,715 with a face value BDT 10 per share.

Calculation of NAV per share (NAVPS):

Particulars	Bank (Consol)	Bank (Solo)
	30-Sep-23	31-Dec-22	30-Sep-23	31-Dec-22
Net Assets Value (NAV) in BDT crore	3,848.54	3,576.16	3,768.33	3,504.54
Net Assets Value per share in BDT (restated 2022)	31.88	29.62	31.21	29.03
Calculation of NAVPS:	Net Assets Value
No of shares outstanding
Calculation of EPS and NOCFPS:
	Bank (Consol)	Bank (Solo)
Particulars	January to	January to	January to	January to
	September 2023	September 2022	September 2023	September 2022
Earnings Per Share (EPS) in BDT (restated 2022)	3.53	3.20	3.48	3.11
Net Operating Cash Flow per share (NOCFPS)	4.04	9.42	3.98	9.65
in BDT (restated 2022)
Calculation of EPS:	Profit After Tax
No of shares outstanding
Calculation of NOCFPS:	Net Operating Cash Flow
No of shares outstanding

Eastern Bank PLC.

Statement of Changes in Equity (Unaudited)

for the period ended 30 September 2023

									Amount in BDT
		Statutory		Dividend	Assets revaluation	Actuarial	Foreign currency
Particulars	Paid up capital	General reserve	equalisation	Retained earnings	Total equity
reserve	reserve	remeasurement (loss)	translation difference
			reserve
Balance as at 1 January 2023	10,730,975,250	10,730,975,250	603,493,370	356,040,000	2,650,425,416	(367,924,063)	(164,282,960)	10,505,742,233	35,045,444,497
Net profit after tax for the period	-	-	-	-	-	-	-	4,202,790,155	4,202,790,155
Bonus share issued	1,341,371,900	-	-	-	-	-	-	(1,341,371,900)	-
Cash dividend paid	-	-	-	-	-	-	-	(1,341,371,900)	(1,341,371,900)
Adjustment of reserve for NBA	-	-	-	-	-	-	-	-	-
Adjustment of reserve for amortization of treasury securities (HTM)	-	-	-	-	(24,708,655)	-	-	-	(24,708,655)
Reserve against revaluation of treasury securities (HFT)	-	-	-	-	(126,840,404)	-	-	-	(126,840,404)
Adjustment for FCY RE balance	-	-	-	-	-	-	-	407	407
Currency translation difference	-	-	-	-	-	-	(71,987,772)	-	(71,987,772)
Balance as at 30 September 2023	12,072,347,150	10,730,975,250	603,493,370	356,040,000	2,498,876,357	(367,924,063)	(236,270,732)	12,025,788,994	37,683,326,327
Balance as at 30 September 2022	10,730,975,250	9,538,644,670	603,493,370	356,040,000	2,610,977,036	(406,049,063)	(119,815,445)	10,350,973,347	33,665,239,165

Chief Financial Officer	Company Secretary	Managing Director & CEO	Director	Director
Dhaka, 26 October 2023
				100 Gulshan Avenue, Dhaka-1212.