October 1-13 remittance earnings $566.57 million

Published: October 22, 2017 11:29:19 | Updated: October 25, 2017 05:35:49


An employee is seen counting US dollar notes at a money changer in this photo: Reuters

The country received $566.57 million in remittance in the first 13 days of the current month of October.

Bangladesh Bank statistics show maximum remittance came through private commercial banks as they received $413.29 million while the nine foreign banks $4.68 million.

Six state-owned commercial banks -- Agrani, Janata, Rupali, Sonali, BASIC and BDBL – brought in $143.21 million from Bangladeshi expatriates while two state-owned specialised banks got $5.39 million.

Of the private commercial banks, highest $117.34 million entered the country through Islami Bank Bangladesh Limited (IBBL) followed by Dutch-Bangla Bank’s $32.51 million.

Of the state-owned banks, Agrani Bank received $57.86 million while Sonali Bank $45.58 million, Janata Bank $31.94 million, Rupali Bank $7.74 million and BASIC Bank $0.09 million. However, BDBL received no remittance, reports UNB.

Among other private banks which are in leading positions in earning remittance include Bank Asia ($24.81mn), Pubali Bank ($21.86mn), Mutual Trust Bank ($21.44mn), Southeast Bank ($17.35mn), Brac Bank ($16.92mn), National Bank Limited ($16.59mn), (Uttara $13.30mn), Mercantile Bank ($10.07mn), NCC Bank ($10.33mn), Prime Bank ($9.15mn) and Trust Bank ($10.08mn).

Meanwhile, the NRB banks showed a poor performance in receiving remittance although the government allowed their establishment with a high hope.

Of the three NRB banks, NRB Bank received only $0.17 million while NRB Commercial Bank $0.19 million and NRB Global Bank $0.16 million in remittance from non-resident Bangladeshis during the period.

There are some other private banks which also showed poor performance in remittance earning during the period as they received below two million each. These banks are Farmers Bank ($0.13mn), SBAC Bank ($0.78mn), One Bank ($0.32mn), Modhumati Bank ($0.07mn), Midland Bank ($0.07mn), Meghna Bank ($0.20mn), Exim Bank ($1.59mn), IFIC Bank ($1.00mn) and Shahjalal Islami Bank ($1.23mn) while ICB Islamic Bank received not remittance.

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