Private Commercial Bank Eastenr Bank Limited (EBL) launched a subsidiary-EBL (HK) in Hong Kong. Governor, Bangladesh Bank Dr. Atiur Rahman formally inaugurated it at Ruposhi Bangla Hotel on Thursday evening. EBL (HK) launched in Homg Kong on January 31, 2013.
Deputy Chief of Mission on Embassy of China to Dhaka Qu Guangzhou and EBL Board of Directors Chairman M Ghaziul Hoque was Guest of Honor on the occasion. Ali Reza Iftekhar, Managing Director and Chief Executive of EBL spoke the ceremony.
On the ceremony Dr Atiur Said, Hong Kong is gateway for Bangladesh. It is 3rd largest letter of Credit destination after China and India for Bangladeshi business and trade. But there was problem in trading. I think, problem will minimize by EBL Finance (HK).
`As Bangladesh export is growing and Hong Kong becoming a strategically important hub for our trade abd Ready Made Garments (RMG). EBL (HK) will contribute meaningfully here. Said M Ghaziul Haque.
Ali Reza Iftekhar said, ` Currently around 1500 Hong Kong bound LCs issued by central bank. Opening of EBL Finance (HK) in the Asia’s World city of Hong Kong follows a mission to make foreign trade easy for our clients.