BD receives $605.25m in remittance during Sept 1-16

Dhaka,  Monday,   2016-09-23
Published : 23 Sep 2016, 18:58:53

BD receives $605.25m in remittance during Sept 1-16

BD receives $605.25m in remittance during Sept 1-16
The country received $605.25 million in remittance during the first 16 days of September, on the back of $1,183 million in August.

Bangladesh Bank statistics show that four state-owned commercial banks, Agrani, Janata, Rupali and Sonali, received $185.94 million from expatriate Bangladeshis while four state-owned specialised banks got $4.17 million during the first 16 days of September.

The maximum remittance came through private commercial banks as they received $411.15 million while the nine foreign banks raked in $4 million, reports UNB.

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) led the remittance earning as it received $155.11 million, followed by Dutch-Bangla Bank Limited with $32.32 million.

Among the state-owned banks, Agrani Bank received $66.87 million, Sonali Bank $58.03 million, Janata Bank $50.28 million and Rupali Bank $10.76 million.

Among other private banks in leading positions in earning remittances are Uttara Bank ($23.45 mn), Pubali Bank ($23.24mn), National Bank ($20.64mn), Bank Asia ($16.92mn), Brac Bank ($13.26mn), Prime Bank ($12.40mn), Southeast Bank ($10.41mn), Social Islami Bank ($10.27mn), AB Bank ($10.13mn), Al Arafa Islami Bank ($9.75mn), Mutual Trust Bank ($9.66mn), Trust Bank ($9.53mn) and NCC Bank ($7.61mn).

Of the three NRB banks, NRB Bank received $0.05 million while NRB Commercial Bank $0.06 million and NRB Global Bank $0.11 million in remittance from non-resident Bangladeshis during the period.

There are some other private banks which also performed poorly in remittance earning during the period as they received below $3 million, such as Farmers Bank ($0.11mn), SBAC Bank ($0.48mn), One Bank ($0.48mn), Modhumati Bank ($0.08mn), Midland Bank ($0.10mn), Meghna Bank ($0.1mn), Exim Bank ($2.41mn), and Shahjalal Islami Bank ($0.34mn) while ICB Islami Bank received no remittance during the period in question (September 1-16). –RH
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