MetLife Bangladesh has invested BDT 50 crore in the fourth
subordinated bond issued by Eastern Bank PLC (EBL), reinforcing the insurer’s
ongoing efforts to strengthen and diversify its investment portfolio in the
country, a press release said.
Apart from investing in government bonds, MetLife
Bangladesh continues to diversify into corporate bonds to support sustainable
financing for corporates, while delivering enhanced, long term returns for its
policyholders. With this latest investment, MetLife Bangladesh’s total
investment portfolio has reached approximately BDT 19,000 crore.
Commenting on the investment, Ala Ahmad, CEO of MetLife
Bangladesh, said: “As one of the largest investors in the country, our
partnership with EBL represents a shared commitment to strengthening the
financial ecosystem, while responsibly growing our investment portfolio to
deliver secure and sustainable returns for our policyholders.”
Hassan O. Rashid, Managing Director of EBL, said, “EBL
remains focused on leveraging its strong financial foundation and expertise to
develop diversified investment opportunities for corporates. Instruments such
as subordinated bonds enable us to support responsible business growth, deepen
long-term financing in the market, and contribute to Bangladesh’s economic
development.”
EBL is one of the country’s leading private commercial
banks, with a strong and diversified corporate and retail customer base.
MetLife Bangladesh is the country’s leading life insurer,
serving around 1 million individual customers and over 900 corporate clients.
