BB reports 18pc increase in remittance in July

Published: August 05, 2018 15:41:08 | Updated: August 07, 2018 10:37:45

Bangladeshi expatriates sent home US $1,316.93 million remittance in the first month of the current fiscal 2018-19, which is 18 per cent higher than the amount received in the corresponding period of the preceding fiscal.

According to Bangladesh Bank (BB), the country received $1,115.57 million remittance in July 2017.

In July this fiscal, six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, Basic and BDBL received $320.51 million while one state-owned specialised bank, Bangladesh Krishi Bank, received $11.63 million.

Of the state-owned banks, Agrani Bank received $130.76 million, Janata Bank $82.52 million, Rupali Bank $17.02 million, Sonali Bank $90.08 million and Basic Bank received $0.08 million.

Besides, the expatriates have sent $972.39 million through private commercial banks. Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received the highest amount of $246.55 million as Dutch-Bangla Bank (DBBL) received $70.54 million, reports BSS.

On the other hand, the expatriates have sent $12.40 million through the foreign commercial banks.

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