Eastern Bank receives bancassurance business approval from Bangladesh Bank

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Press Release
24 January, 2024, 08:45 pm
Last modified: 24 January, 2024, 08:48 pm

Eastern Bank PLC has received "Bancassurance Business Commencement Approval" from the Bangladesh Bank. 

Bancassurance is a partnership between a bank and an insurance company where a bank sells insurance products through its distribution channels, reads a press release. 

It can be a new scope for EBL to diversify its income stream by earning commission based income without any additional risk, capital or liquidity.

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