Financial Reports

Eastern Bank Limited and its subsidiaries

Consolidated Balance Sheet
as at 31 December 2021
Amount in BDT

Particulars Notes 2021 2020

PROPERTY AND ASSETS
Cash 3
Cash in hand (including foreign currencies) 3.1 3,710,909,855 3,218,511,774
Balances with Bangladesh Bank and its agent bank(s) (including foreign currencies) 3.2 14,957,829,541 12,480,410,176
18,668,739,396 15,698,921,950
Balances with other banks and financial institutions 4
In Bangladesh 4.1 15,358,095,560 12,728,955,558
Outside Bangladesh 4.2 1,527,361,769 664,331,925
16,885,457,329 13,393,287,483

Money at call and short notice 5 1,573,200,000 60,000,000

Investments 6
Government 6.1 41,229,430,813 50,517,783,114
Others 6.2 27,671,579,018 15,498,577,951
68,901,009,831 66,016,361,065
Loans and advances 7
Loans, cash credits, overdraft etc. 7.1 231,099,397,244 212,083,018,369
Bills discounted and purchased 7.2 40,502,266,414 18,462,037,803
271,601,663,658 230,545,056,172

Fixed assets including land, building, furniture and fixtures 8 7,668,010,751 7,772,646,971
Other assets 9 6,889,182,751 5,916,516,734
Non banking assets 10 - 105,576,495

TOTAL ASSETS 392,187,263,713 339,508,366,870

LIABILITIES AND CAPITAL

Borrowing from banks, financial institutions and agents 11

Non-convertible subordinated bond 11.1.a 5,500,000,000 6,000,000,000
Borrowing from other Banks, FIs, Agents etc. 59,796,372,676 40,281,080,617
65,296,372,676 46,281,080,617
Deposits and other accounts 12
Current deposits & other accounts, etc. 12.1 32,298,170,288 27,698,304,935
Bills payable 12.2 1,155,851,680 1,492,231,668
Savings bank deposits 12.3 70,403,378,712 63,784,873,554
Fixed deposits 12.4 101,607,706,168 111,289,608,129
Other deposits- special notice (SND) account 61,982,493,378 37,030,361,579
Bearer certificates of deposits 12.5 - -
267,447,600,226 241,295,379,865

Other liabilities 13 27,804,365,660 22,482,811,084

TOTAL LIABILITIES 360,548,338,562 310,059,271,566

SHAREHOLDERS' EQUITY
Paid-up capital 14 9,538,644,670 8,117,995,470
Statutory reserve 15 9,538,644,670 8,117,995,470
Dividend equalisation reserve 16 356,040,000 356,040,000
Assets revaluation reserve (Land and other assets) 17 2,501,893,279 3,492,079,880
General reserve 603,493,370 603,493,370
Actuarial remeasurement gain/(loss) 18 (406,049,063) (209,986,563)
Foreign currency translation gain/(loss) 19 1,996,272 2,405,658
Surplus in profit and loss account 20 9,504,261,953 8,969,072,019
TOTAL SHAREHOLDERS' EQUITY 31,638,925,150 29,449,095,304
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 392,187,263,713 339,508,366,870

206 Eastern Bank Limited Go to Contents

 Annual Report 2021

Eastern Bank Limited and its subsidiaries

Consolidated Balance Sheet
as at 31 December 2021
Amount in BDT

Particulars Notes 2021 2020

OFF BALANCE SHEET ITEMS
Contingent liabilities 21
Acceptances and endorsements 21.1 53,047,505,500 42,593,184,478
Letters of guarantees 21.2 31,749,649,918 27,229,615,956
Irrevocable letters of credit 21.3 46,268,850,715 26,084,696,594
Bills for collection 21.4 10,647,181,021 8,032,352,776
Other liabilities - -
141,713,187,154 103,939,849,804
Other commitments
Documentary credits and short term trade-related transactions - -
Forward assets purchased and forward deposits placed 21.5 118,101,190 120,428,481
Undrawn note issuance and revolving underwriting facilities - -
Undrawn formal standby facilities, credit lines and other commitments - -
118,101,190 120,428,481
TOTAL OFF-BALANCE SHEET ITEMS 141,831,288,344 104,060,278,285

These financial statements should be read in conjunction with the annexed notes.

Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury Salina Ali Mir Nasir Hossain
Managing Director & CEO Director Director Director

Dhaka, Signed as per our annexed report:

31 March 2022 Howladar Yunus & Co.
Chartered Accountants

Md. Jahidur Rahman FCA

Partner, Enrolment No: 860
Dated: Dhaka, 05 April 2022
DVC No: 2204050860AS516571

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Financial Reports

Eastern Bank Limited and its subsidiaries

Consolidated Profit and Loss Account
for the year ended 31 December 2021
Amount in BDT

Particulars Notes 2021 2020

Interest income 22 16,535,769,415 20,011,368,328
Interest paid on deposits and borrowings 23 (8,601,126,650) (13,959,493,914)
Net interest income 7,934,642,765 6,051,874,414

Income from investments 24 5,996,842,333 5,101,545,522

Fees, commission and brokerage 25 3,623,741,723 3,067,368,036
Other operating income 26 287,206,430 345,885,248
9,907,790,486 8,514,798,806
Total operating income 17,842,433,251 14,566,673,219

Salary & allowances (excluding those of MD) 27 4,263,549,170 4,073,299,850

Rent, taxes, insurance, utilities etc. 28 427,243,019 440,047,713
Legal & professional expenses 29 87,507,746 64,899,448
Postage, stamp, telecommunication etc. 30 155,475,165 138,968,011
Stationery, printing, advertisement, business promotion etc. 31 275,000,463 296,837,619
Managing Director's salary and allowances (Bank only) 32 28,441,208 26,328,372
Directors' fees & expenses 33 3,372,804 3,179,506
Audit fees 34 2,530,051 2,472,615
Depreciation and repair of bank's assets 35 1,044,994,764 1,010,715,838
Other operating expenses 36 688,797,665 614,810,771
Total operating expenses 6,976,912,056 6,671,559,741
Profit before provisions 10,865,521,195 7,895,113,478
Provision for loans and off-balance sheet exposures: 13.4.1
Specific provision (net off w/o recovery) 1,733,791,900 928,245,166
General provision for loans & advances 475,235,139 (293,454,371)
Special general provision for Covid 19 152,926,606 602,388,520
General provision for off balance sheet exposures 368,073,261 19,415,553
2,730,026,906 1,256,594,868
Other provision 37 (395,908,014) (101,490,592)
Total provisions 2,334,118,892 1,155,104,276
Profit before tax for the year 8,531,402,303 6,740,009,203
Current tax expense for the year 13.3.1 4,021,028,809 2,709,205,926
Deferred tax income (net) 38 (289,850,900) (149,577,739)
Total provision for taxation 3,731,177,909 2,559,628,187
Profit after tax for the year 4,800,224,394 4,180,381,016
Appropriation
Statutory reserve 15 (1,420,649,200) -
General reserve - -
(1,420,649,200) -
Retained earnings carried forward 3,379,575,194 4,180,381,016

Earnings per share (EPS) (restated 2020) 39 5.03 4.38

These financial statements should be read in conjunction with the annexed notes.

Signed as per our annexed report:

Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury Howladar Yunus & Co.
Managing Director & CEO Director Chartered Accountants

Salina Ali Mir Nasir Hossain

Director Director Md. Jahidur Rahman FCA
Partner, Enrolment No: 860
Dhaka, Dated: Dhaka, 05 April 2022
31 March 2022 DVC No: 2204050860AS516571

208 Eastern Bank Limited Go to Contents

 Annual Report 2021

Eastern Bank Limited and its subsidiaries

Consolidated Cash Flow Statement
for the year ended 31 December 2021
Amount in BDT

Particulars Notes 2021 2020

A) Cash flows from operating activities
Interest receipts in cash 16,643,441,262 18,524,486,123
Interest payments (10,149,631,198) (15,396,039,685)
Dividend receipts 230,973,031 153,019,086
Fees and commission receipts in cash 3,317,944,639 2,954,139,616
Income from investment (other than dividend received) 5,849,819,097 4,518,552,742
Recoveries on loans previously written off 13.4.1 363,274,439 725,759,332
Cash payment to employees (including directors) (4,173,353,626) (4,060,915,412)
Cash payment to suppliers (1,249,822,276) (1,228,511,398)
Income taxes paid 13.3.2 (2,420,046,758) (3,690,357,073)
Receipts from other operating activities 287,206,430 345,885,248
Payments for other operating activities (688,797,665) (614,810,771)
Cash from operating profit before changes in operating assets and liabilities 8,011,007,375 2,231,207,808
Increase/(decrease) in Operating Assets & Liabilities
(Purchase-net) of trading securities 18,651,991,769 (10,558,729,038)
Loans and advances to customers (other than banks) (41,085,874,502) 10,227,596,106
Recovery from non banking assets 12,345,330 -
Other assets 40 (829,223,559) (694,487,760)
Deposits from other Banks 12.b.1 (262,280,684) (1,786,223,237)
Deposits from customers (other than banks) 27,932,297,188 4,289,418,612
Liability for tax (1,311,131,151) 1,130,728,886
Liabilities for provision (2,697,393,332) (1,880,863,607)
Other liabilities 41 5,031,660,875 3,066,459,100
Cash generated from changes in operating assets and liabilities 5,442,391,934 3,793,899,062
Net Cash received from operating activities 13,453,399,308 6,025,106,870
B) Cash flows from investing activities
(Purchase-net) of non-trading securities (22,343,168,875) (12,655,242,003)
(Purchase-net) of property, plant and equipment (724,622,359) (1,088,471,897)
Net cash (used in) investing activities (23,067,791,233) (13,743,713,900)
C) Cash flows from financing activities
Borrowings from banks, financial institutions and agents 19,015,292,059 (6,567,155,371)
Dividend paid (cash dividend) (1,420,649,200) (1,217,699,321)
Net cash received from/(used in) financing activities 17,594,642,858 (7,784,854,692)
D) Net increase/(decrease) in cash (A+B+C) 7,980,250,934 (15,503,461,722)
E) Effects of exchange rate changes on cash and cash equivalents (3,496,239) 652,532
F) Opening cash and cash-equivalents 29,155,338,931 44,658,148,121
G) Closing cash and cash-equivalents (D+E+F)* 37,132,093,625 29,155,338,931
*Closing cash and cash-equivalents
Cash in hand (including foreign currencies) 3.1 3,710,909,855 3,218,511,774
Balances with Bangladesh Bank and its agent bank (s) 3.2 14,957,829,541 12,480,410,176
Balances with other Banks and Financial Institutions 4 16,885,457,329 13,393,287,481
Money at call and short notice 5 1,573,200,000 60,000,000
Prize bonds 6.1 4,696,900 3,129,500
37,132,093,625 29,155,338,931
These financial statements should be read in conjunction with the annexed notes.

Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury Salina Ali Mir Nasir Hossain
Managing Director & CEO Director Director Director

Dhaka,
31 March 2022

Go to Contents Eastern Bank Limited 209

210
Eastern Bank Limited and its subsidiaries
Consolidated Statement of Changes in Equity
for the year ended 31 December 2021
Financial Reports

Amount in BDT

Assets
Foreign
Dividend revaluation Actuarial Surplus in

Eastern Bank Limited

Paid up Statutory General currency
Particulars equalisation reserve (land remeasurement profit and loss Total
capital reserve reserve translation
reserve and other (Loss) account
difference
assets)

Balance as on 1 January 2021 8,117,995,470 8,117,995,470 356,040,000 3,492,079,879 603,493,370 (209,986,563) 2,405,658 8,969,072,019 29,449,095,304
Bonus share issued for 2020 1,420,649,200 - (1,420,649,200) -
Cash dividend paid for 2020 - - - - - - (1,420,649,200) (1,420,649,200)
Profit after tax for the year - - - - - - - 4,800,224,393 4,800,224,393
Transfer to statutory reserve - 1,420,649,200 - - - - - (1,420,649,200) -
Adjustment of revaluation of
- - - (817,134,941) - - - - (817,134,941)
treasury securities (HFT)
Reserve for amortisation of treasury
- - - 9,039,202 - - - - 9,039,202
securities (HTM)
Adjustment of reserved for non
- - - (93,231,165) - - - - (93,231,165)
banking assets
Remeasurement (loss) on defined
- - - - - (196,062,500) - - (196,062,500)
benefit plans
Reserve for revaluation of land
- - - (88,859,697) - - - (88,859,697)
properties
Foreign currency translation
- - - - - - (409,387) - (409,387)
difference
Currency adjustment for offshore
- - - - - - - (3,086,859) (3,086,859)
banking operation
Balance as at 31 December 2021 9,538,644,670 9,538,644,670 356,040,000 2,501,893,278 603,493,370 (406,049,063) 1,996,271 9,504,261,952 31,638,925,151
Balance as at 31 December 2020 8,117,995,470 8,117,995,470 356,040,000 3,492,079,879 603,493,370 (209,986,563) 2,405,658 8,969,072,019 29,449,095,304

These financial statements should be read in conjunction with the annexed notes.

Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury Salina Ali Mir Nasir Hossain
Managing Director & CEO Director Director Director

Dhaka,
31 March 2022

Go to Contents
 Eastern Bank Limited and its subsidiaries
Consolidated Liquidity Statement ( Asset and Liability Maturity Analysis)
as at 31 December 2021

Go to Contents
Amount in BDT

Not more than Above 5-years

Particulars 1-3 months term 3-12 months term 1-5 years term Total
1 month term term

Assets

Cash in hand (including balance with Bangladesh Bank and its agent Bank) 18,668,739,395 - - - - 18,668,739,396

Balances with other banks and financial institutions 16,460,957,329 424,500,000 - - - 16,885,457,329

Money at call and short notice 1,573,200,000 - - - - 1,573,200,000

Investments 404,696,900 2,387,860,966 6,042,391,434 14,394,942,671 45,671,117,859 68,901,009,830

Loans and advances 24,706,379,315 40,905,066,517 119,922,013,130 61,167,126,953 24,901,077,743 271,601,663,658

Fixed assets including land, building, furniture and fixtures 37,580,840 77,427,567 339,815,003 1,594,039,763 5,619,147,579 7,668,010,751

Other assets 16,317,198 62,112,041 2,626,966,717 2,151,555,278 2,032,231,517 6,889,182,751

Non-banking assets - - - - - -

Total Assets 61,867,870,975 43,856,967,091 128,931,186,284 79,307,664,665 78,223,574,698 392,187,263,713

Liabilities

Borrowing from other banks, financial institutions and agents 9,292,307,469 17,529,960,281 28,644,502,443 9,487,365,662 342,236,821 65,296,372,676

Deposits and other accounts 31,264,325,760 42,292,653,536 49,635,456,656 142,726,413,249 1,528,751,026 267,447,600,226

Provisions & other liabilities 225,467,366 2,901,394,778 1,872,196,196 17,740,155,922 5,065,151,399 27,804,365,661

Total Liabilities 40,782,100,594 62,724,008,595 80,152,155,295 169,953,934,833 6,936,139,245 360,548,338,562

Net Liquidity Gap 21,085,770,380 (18,867,041,504) 48,779,030,989 (90,646,270,168) 71,287,435,453 31,638,925,151

Cumulative Net Liquidity Gap 21,085,770,380 2,218,728,877 50,997,759,866 (39,648,510,302) 31,638,925,151 -

Eastern Bank Limited

211
Annual Report 2021
Financial Reports

Eastern Bank Limited

Balance Sheet
as at 31 December 2021
Amount in BDT

Particulars Notes 2021 2020

PROPERTY AND ASSETS
Cash 3
Cash in hand (including foreign currencies) 3.1 3,710,774,087 3,218,381,880
Balances with Bangladesh Bank and its agent bank(s) (including foreign currencies) 3.2 14,957,829,541 12,480,410,176
18,668,603,628 15,698,792,056
Balances with other banks and financial institutions 4
In Bangladesh 4.1 15,005,092,489 12,444,848,375
Outside Bangladesh 4.2 1,264,597,790 558,299,302
16,269,690,279 13,003,147,677

Money at call and short notice 5 1,573,200,000 60,000,000

Investments 6
Government 6.1 41,229,430,813 50,517,783,114
Others 6.2 25,423,718,052 13,431,621,587
66,653,148,865 63,949,404,701
Loans and advances 7
Loans, cash credits, overdraft etc. 7.1 234,038,851,242 214,171,172,833
Bills discounted and purchased 7.2 35,355,122,969 14,772,690,062
269,393,974,211 228,943,862,895

Fixed assets including land, building, furniture and fixtures 8 7,632,189,734 7,710,898,017
Other assets 9 8,623,907,370 7,463,906,711
Non banking assets 10 - 105,576,495
TOTAL ASSETS 388,814,714,087 336,935,588,555

LIABILITIES AND CAPITAL

Borrowing from banks, financial institutions and agents 11
Non-convertible subordinated bond 11.1.a 5,500,000,000 6,000,000,000
Borrowing from other Banks, FIs, Agents etc. 57,686,515,851 38,286,389,129
63,186,515,851 44,286,389,129
Deposits and other accounts 12
Current deposits & other accounts etc. 12.1 32,747,951,058 28,274,075,619
Bills payable 12.2 1,155,851,680 1,492,231,668
Savings bank deposits 12.3 70,403,378,712 63,784,873,554
Fixed deposits 12.4 101,607,706,168 111,289,608,129
Other deposits- special notice (SND) account 62,103,962,762 37,516,985,909
Bearer certificates of deposits 12.5 - -
268,018,850,380 242,357,774,879

Other liabilities 13 26,592,772,458 21,315,844,877

TOTAL LIABILITIES 357,798,138,689 307,960,008,885

SHAREHOLDERS' EQUITY
Paid-up capital 14 9,538,644,670 8,117,995,470
Statutory reserve 15 9,538,644,670 8,117,995,470
Dividend equalisation reserve 16 356,040,000 356,040,000
Assets revaluation reserve (Land & other assets) 17 2,416,474,912 3,406,661,513
General reserve 603,493,370 603,493,370
Actuarial remeasurement gain/(loss) 18 (406,049,063) (209,986,563)
Foreign currency translation gain/(loss) 19 (5,967,070) (326,701)
Surplus in profit and loss account 20 8,975,293,909 8,583,707,111
TOTAL SHAREHOLDERS' EQUITY 31,016,575,398 28,975,579,670
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 388,814,714,087 336,935,588,555

212 Eastern Bank Limited Go to Contents

 Annual Report 2021

Eastern Bank Limited

Balance Sheet
as at 31 December 2021
Amount in BDT

Particulars Notes 2021 2020

OFF BALANCE SHEET ITEMS
Contingent liabilities 21
Acceptances and endorsements 21.1 53,047,505,500 42,593,184,478
Letters of guarantees 21.2 31,749,649,918 27,229,615,956
Irrevocable letters of credit 21.3 46,268,850,715 26,084,696,594
Bills for collection 21.4 10,647,181,021 8,032,352,776
Other liabilities - -
141,713,187,154 103,939,849,804
Other commitments
Documentary credits and short term trade-related transactions - -
Forward assets purchased and forward deposits placed 21.5 118,101,190 120,428,481
Undrawn note issuance and revolving underwriting facilities - -
Undrawn formal standby facilities, credit lines and other commitments - -
118,101,190 120,428,481
TOTAL OFF-BALANCE SHEET ITEMS 141,831,288,344 104,060,278,285

These financial statements should be read in conjunction with the annexed notes.

Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury Salina Ali Mir Nasir Hossain
Managing Director & CEO Director Director Director

Dhaka, Signed as per our annexed report:

31 March 2022 Howladar Yunus & Co.
Chartered Accountants

Md. Jahidur Rahman FCA

Partner, Enrolment No: 860
Dated: Dhaka, 05 April 2022
DVC No: 2204050860AS516571

Go to Contents Eastern Bank Limited 213

Financial Reports

Eastern Bank Limited

Profit & Loss Account
for the year ended 31 December 2021

Particulars Notes 2021 2020

Interest Income 22 16,206,209,303 19,667,413,756
Interest paid on deposits and borrowings 23 (8,444,976,493) (13,737,063,652)
Net Interest Income 7,761,232,810 5,930,350,104

Income from investments 24 6,088,639,366 5,048,674,967

Fees, commission and brokerage 25 3,040,479,254 2,823,051,316
Other operating income 26 267,799,268 331,681,115
9,396,917,887 8,203,407,398
Total operating income 17,158,150,697 14,133,757,502

Salary & allowances (excluding those of MD) 27 4,100,539,805 3,923,591,968

Rent, taxes, insurance, utilities etc. 28 415,353,404 430,005,846
Legal & professional expenses 29 86,483,565 63,853,652
Postage, stamp, telecommunication etc. 30 148,308,477 131,767,614
Stationery, printing, advertisement, business promotion etc. 31 271,160,246 292,012,702
Managing Director's salary and allowances 32 28,441,208 26,328,372
Directors' fees & expenses 33 2,771,554 2,717,506
Audit fees 34 1,190,312 1,202,057
Repairs, maintenance and depreciation 35 1,001,833,059 970,168,499
Other operating expenses 36 634,250,171 599,828,196
Total operating expenses 6,690,331,802 6,441,476,411
Profit before provisions 10,467,818,895 7,692,281,091
Provision for loans and off-balance sheet exposures 13.4.1
Specific provision (net off w/off recovery) 1,655,381,613 764,801,333
General provision for loans 475,235,139 (293,454,371)
Special general provision for Covid 19 152,926,606 602,388,520
General provision for off-balance sheet expsoures 368,073,261 19,415,553
2,651,616,619 1,093,151,035
Other provision 37 (391,478,235) (91,661,695)
Total provisions 2,260,138,385 1,001,489,340
Profit before tax for the year 8,207,680,510 6,690,791,751
Current tax expense for the year 13.3.1 3,855,014,674 2,640,680,434
Deferred tax income (net) 38 (301,198,890) (52,451,737)
Total provision for taxation 3,553,815,784 2,588,228,698
Profit after tax for the year 4,653,864,726 4,102,563,054
Appropriation
Statutory reserve 15 (1,420,649,200) -
General reserve - -
(1,420,649,200) -
Retained earnings carried forward 3,233,215,526 4,102,563,054

Earnings per share (EPS) (restated 2020) 39 4.88 4.30

These financial statements should be read in conjunction with the annexed notes.

Signed as per our annexed report:

Howladar Yunus & Co.
Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury
Chartered Accountants
Managing Director & CEO Director

Salina Ali Mir Nasir Hossain

Director Director Md. Jahidur Rahman FCA
Partner, Enrolment No: 860
Dhaka, Dated: Dhaka, 05 April 2022
31 March 2022 DVC No: 2204050860AS516571

214 Eastern Bank Limited Go to Contents

 Annual Report 2021

Eastern Bank Limited

Cash Flow Statement
for the year ended 31 December 2021
Amount in BDT

Particulars Notes 2021 2020

A) Cash flows from operating activities
Interest receipts in cash 16,284,739,074 18,243,372,761
Interest payments (9,993,443,560) (15,172,791,349)
Dividend receipts 199,399,208 138,078,576
Fees and commission receipts in cash 2,732,231,871 2,709,822,896
Income from investment (other than dividend) 5,973,189,953 4,480,622,697
Recovery on loans previously written off 13.4.1 363,274,439 725,759,332
Cash payment to employees (including directors) (4,017,539,129) (3,912,637,846)
Cash payment to suppliers (1,217,480,524) (1,201,000,079)
Income taxes paid 13.3.2 (2,290,690,848) (3,584,048,614)
Receipts from other operating activities 267,799,268 331,681,115
Payments for other operating activities (634,250,171) (599,828,196)
Cash generated from operating activities before changes in operating assets and liabilities 7,667,229,580 2,159,031,293
Increase/(decrease) in Operating Assets & Liabilities
(Purchase)/sale of trading securities 18,835,036,031 (10,760,662,458)
Loans and advances to customers (other than banks) (40,449,552,103) 4,785,116,138
Recovery from non banking assets 12,345,330 -
Other assets 40 (1,014,792,055) (558,391,547)
Deposits from other Banks 12.b.1 (262,280,684) (1,786,223,237)
Deposits from customers (other than banks) 27,441,152,328 5,167,653,008
Liability for tax (1,263,124,936) 995,819,917
Liabilities for provision (2,623,412,824) (1,727,248,670)
Other liabilities 41 4,996,132,255 2,701,535,895
Cash generated from changes in operating assets and liabilities 5,671,503,343 (1,182,400,954)
Net Cash received from operating activities 13,338,732,922 976,630,339
B) Cash flows from investing activities
(Purchase-net) of non-trading securities (22,345,308,535) (12,655,811,043)
(Purchase-net) of property, plant and equipment (715,809,642) (1,048,655,020)
Net cash (used in) investing activities (23,061,118,176) (13,704,466,063)
C) Cash flows from financing activities
Borrowings from banks, financial institutions and agents 18,900,126,722 (6,534,399,079)
Dividend paid (cash dividend) (1,420,649,200) (1,217,699,321)
Net cash received from/(used in) financing activities 17,479,477,521 (7,752,098,400)
D) Net increase/(decrease) in cash and cash equivalents (A+B+C) 7,757,092,264 (20,479,934,124)
E) Effects of exchange rate changes on cash and cash equivalents (5,970,692) (778,208)
F) Opening cash and cash-equivalents 28,765,069,234 49,245,781,566
G) Closing cash and cash-equivalents (D+E+F)* 36,516,190,806 28,765,069,234
*Cash and cash-equivalents consists of:
Cash in hand (including foreign currencies) 3.1 3,710,774,087 3,218,381,880
Balances with Bangladesh Bank and its agent bank (s) 3.2 14,957,829,541 12,480,410,176
Balances with other Banks and Financial Institutions 4 16,269,690,279 13,003,147,677
Money at call and short notice 5 1,573,200,000 60,000,000
Prize bonds 6.1 4,696,900 3,129,500
36,516,190,806 28,765,069,234
These financial statements should be read in conjunction with the annexed notes.

Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury Salina Ali Mir Nasir Hossain
Managing Director & CEO Director Director Director

Dhaka,
31 March 2022

Go to Contents Eastern Bank Limited 215

216
Eastern Bank Limited
Statement of Changes in Equity
for the year ended 31 December 2021
Financial Reports

Amount in BDT

Assets

Eastern Bank Limited

Foreign
Dividend revaluation Actuarial Surplus in
Paid-up Statutory General currency
Particulars equalisation reserve (land remeasurement profit and loss Total
capital reserve reserve translation
reserve and other (Loss) account
difference
assets)

Balance as at 1 January 2021 8,117,995,470 8,117,995,470 356,040,000 3,406,661,512 603,493,370 (209,986,563) (326,701) 8,583,707,111 28,975,579,670
Bonus share issued for 2020 1,420,649,200 - - - - - - (1,420,649,200) -
Cash dividend paid for 2020 - - - - - - - (1,420,649,200) (1,420,649,200)
Profit after tax for the year - - - - - - - 4,653,864,727 4,653,864,727
Transfer to statutory reserve - 1,420,649,200 - - - - - (1,420,649,200) -
Adjustment for revaluation of
- - - (817,134,941) - - - - (817,134,941)
treasury securities (HFT)
Reserve for amortisation of treasury
- - - 9,039,202 - - - - 9,039,202
securities (HTM)
Remeasurement (loss) on defined
- - - - - (196,062,500) - - (196,062,500)
benefit plans
Adjustment on revaluation of lands - - - (88,859,697) - - - (88,859,697)
Adjustment of reserved for non
- - - (93,231,165) - - - - (93,231,165)
banking assets
Currency translation difference - - - - - - (5,640,368) - (5,640,368)
Currency adjustment for offshore
- - - - - - - (330,328) (330,328)
banking operation
Balance as at 31 December 2021 9,538,644,670 9,538,644,670 356,040,000 2,416,474,911 603,493,370 (406,049,063) (5,967,069) 8,975,293,910 31,016,575,398
Balance as at 31 December 2020 8,117,995,470 8,117,995,470 356,040,000 3,406,661,512 603,493,370 (209,986,563) (326,701) 8,583,707,111 28,975,579,670

These financial statements should be read in conjunction with the annexed notes.

Ali Reza Iftekhar Dr. Toufic Ahmad Choudhury Salina Ali Mir Nasir Hossain
Managing Director & CEO Director Director Director

Dhaka,
31 March 2022

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