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Eastland the name you have learnt to trust. We are well equipped with latest technology and a team of astute and experienced personnel to meet your all insurance needs; such as Fire, Industrial All Risk, Marine Cargo, Marine Hull, Motor, Engineering, Aviation, Personal Accident, Overseas Mediclaim Insurance and Miscellaneous Risks.
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Notice
(Q1) : As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2015 (Jan'15 to March'15) Net Profit after tax was Tk. 38.44 million with basic EPS of Tk. 0.71 as against Tk. 57.21 million and Tk. 1.06 respectively for the same period of the previous year. However, considering proposed bonus share 10% for the year 2014, restated basic EPS will be Tk. 0.65 as on 31.03.2015 and Tk. 0.96 as on 31.03.2014.




This is for kind information of all concerned that the Annual Report-2014 of Eastland Insurance Company Ltd. has already been dispatched by special messenger/ courier service to the BSEC, DSE, CSE and all the Shareholders at their addresses as recorded in respective BO ID. Annual Report-2014 is also available in Company's website: http://eastlandinsurance.com/balance_sheet.php




The Board of Directors has recommended 10% cash dividend and 10% stock dividend for the year ended on December 31, 2014. Date of AGM: 31.05.2015, Time: 3:30 PM, Venue: Spectra Convention Centre Limited, House 19, Road 7, Gulshan - 1, Dhaka-1212. Record Date: 08.04.2015. The Company has net profit after tax of Tk. 157.98 million, EPS of Tk. 2.92, NAV per share of Tk. 21.55 and NOCFPS of Tk. 1.51 for the year ended on December 31, 2014.




Eastland Insurance Company Limited has been awarded Certificate of Merit by the Institute of Chartered Accountants of Bangladesh (ICAB) for excellence in Insurance sector.

Mr. Arun Kumar Saha, Managing Director received the award from Mr. Abul Maal Abdul Muhit, MP, Hon’ble Minister, Ministry of Finance, GoB at a function at Hotel Sonargaon, Dhaka on 30th November, 2014.

ICAB identified best of the best after due consideration to many quantitative and qualitative factors in general and sector wise in particular and evaluated a company under the measurement of internationally and widely used standards.

The Managing Director of the Company said that Eastland maintained the maximum level of transparency, accountability and good governance during the period which helped to achieve such an award.

The Managing Director thanked all members of ICAB Best Corporate Award Committee for selecting Eastland Insurance Company Limited as one of the recipients of this prestigious award and shared this achievement with valued clients, shareholders, members of the Board of Directors and the employees of the company.




CRISL reaffirms the rating of Eastland Insurance Company Limited to “AA” in the long term on its' audited Financial Statement as on December 2013 similar to that of 2011 & 2012. Rating “AA” indicates very high claim paying ability with strong protection factors supported by good financial performance and sound solvency position.




(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has net profit after tax of Tk. 30.99 million with EPS of Tk. 0.57 as against Tk. 32.17 million and Tk. 0.59 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 135.16 million with EPS of Tk. 2.50 for the period of nine months (Jan'14 to Sep'14) ended on 30.09.2014 as against Tk. 132.82 million and Tk. 2.45 respectively for the same period of the previous year.




(H/Y): As per un-audited half yearly accounts as on 30.06.2014 (Jan'14 to June'14), the Company has net profit after tax of Tk. 104.16 million with EPS of Tk. 1.93 as against Tk. 100.66 million and Tk. 1.86 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 46.95 million with EPS of Tk. 0.87 for the period of 3 months (Apr'14 to June'14) ended on 30.06.2014 as against Tk. 60.31 million and Tk. 1.11 respectively for the same period of the previous year.




ICMAB BEST CORPORATE AWARD-2013: Eastland Insurance Company Limited has been awarded best corporate award 2013 by the Institute of Cost and Management Accountants of Bangladesh (ICMAB)

Mr. Arun Kumar Saha, Managing Director received the award from Mr. Abul Mal Abdul Muhith, Hon’ble Minister, Ministry of Finance at a function at Radisson Blu Water Garden Hotel, Dhaka on 27th April, 2014.

ICMAB identified best of the best after due consideration to many quantitative and qualitative factors in general and sector wise in particular and evaluated a company under the measurement of internationally and widely used standards.

The Managing Director of the Company said that Eastland maintained the maximum level of transparency, accountability and good governance during the period which helped it to get such an award.

The Managing Director thanked all members of ICMAB Best Corporate Award Committee for selecting Eastland Insurance Company as one of the recipients of this prestigious award and shared this achievement with valued clients, shareholders, members of the Board and the employees of the company.




   
Registered Name : Eastland Insurance Company Limited
Registered office : 13 Dilkusha C/A, Dhaka – 1000, Bangladesh.
Paid up Capital : Tk.  540.83 Million
Authorized Capital : Tk.1000.00 Million
Incorporation : November 05, 1986
Commencement of Business : November 05, 1986
Credit Rating Grade : AA
Listing with Dhaka Stock Exchange (DSE) : 1994
Listing with Chittagong Stock Exchange (CSE) : 1994
Allotment of Public Share : 1994
Face Value Per Share : Tk. 10
Earning Per Share (EPS) : Tk. 2.92
Average Annual Growth over the last 5 years : 20%
Total Asset of the Company : Tk. 1783.95* million
Reserve Base : Tk. 798.65 million
Investment Portfolio : Tk. 828.94 million
Number of Branches : 25
        *Company's investment in shares has been accounted for at cost price which is Tk. 325 million more if market
         price is taken. In that event total assets of the compay would be Tk. 2109 million.

Eastland is the proud sponsor of 02 (two) reputed Non-Banking Financial Institutions namely Industrial & Infrastructure Development Finance Company Ltd. (IIDFC) and National Housing Finance & Investment Ltd. led by prominent Banks, Insurance Companies and the renowned Business houses of the country as follows:
Industrial & Infrastructure Development Finance Company Ltd(IIDFC), a public limited company was incorporated on 19 December, 2000 as a non-banking development financial institution under companies Act 1994 and the financial institution Act 1993 to boost investment specially in the spectrum of industrial and infrastructure development with its registered office at Chamber Building (6th Floor), 122-124, Motijheel C/A, Dhaka-1000.
Authorized capital : BDT. 5,000 million
Paid up capital : BDT. 1,000 million
Sponsors of IIDFC are:
 Eastland Insurance Company Ltd.  Janata Bank Ltd.
 Invest Corporation of Bangladesh (ICB)  AB Bank Ltd.
 Bank Asia Ltd.  BRAC Bank Ltd.
 The City Bank Ltd.  Mutual Trust Bank Ltd.
 National Bank Ltd.  One Bank Ltd.
 Southeast Bank Ltd.  Sonali Bank Ltd
 National Life Insurance Co. Ltd.  Pragati Insurance Ltd.
 Mr. Md. Matiul Islam
National Housing Finance and Investments Limited, a public limited company was incorporated on August 18, 1998 as a non-banking development financial institution under Companies Act 1994 with registered office at 109, Bir Uttam C.R Datta Road (Ex-Sonargaon Road), National Plaza (7th & 8th Floor), Dhaka-1205.
Authorized capital : BDT 2,000.00 million
Paid up capital : BDT 1,063.90 million
Sponsors of National Housing Finance and Investments Limited are :
 Eastland Insurance Company Ltd.  National Bank Ltd.
 United Commercial Bank Ltd.  Eastern Insurance Company Ltd.
 IFIC Bank Ltd.  Jibon Bima Corporation
 National Life Insurance Company Ltd.  Pragati Insurance Ltd.
 Reliance Insurance Ltd.  Sadharan Bima Corporation
 Bangladesh Lamps Ltd.  Borak Travels (Pvt.) Ltd.
 HRC Bangladesh Ltd.  Shaw Wallace Bangladesh Ltd.
 Square Pharmaceuticals Ltd.  Unicorn Equities Ltd.
 Overseas Investor Forum (UK)  Overseas Investors Forum (Zambia)
 Summit Industrial and Mercantile Corporation (Pvt.) Ltd.
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