BD receives $1.218b remittance in April

| Updated: May 03, 2018 13:33:27

BD receives $1.218b remittance in April

The country received $1.218 billion as remittance from April 1 to 27 this year.

In March, the total inward remittance was $1.299 billion.

Bangladesh Bank officials said the data on remittance of three other days (from 28-30 of April) is not available. But once the data is available, the total amount will obviously increase from $1.218 billion.

Bangladesh Bank's available statistics shows six state-owned commercial banks -- Agrani, Janata, Rupali, Sonali, BASIC and BDBL -- received $299.91 million from expatriate Bangladeshis while two state-owned specialised banks -- BKB and RAKUB -- got $10.51 million.

The maximum remittance came through private commercial banks as they received $895 million while the nine foreign banks $12.95 million.

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) topped the chart as it received $248.97 million followed by Dutch-Bangla Bank's $62.08 million.

Of the state-owned banks, Agrani Bank brought in $122.85 million, Sonali Bank $91.40 million, Janata Bank $71.30 million, Rupali Bank $14.21 million and BASIC Bank $0.15 million. The BDBL failed to receive any remittance.

Among other private banks, Southeast Bank Limited (SBL) received $54.95 million while Mutual Trust Bank $41.40 million, Pubali Bank $40.44 million, National Bank $40.02 million, Uttara Bank $38.77 million, BRAC Bank $32.52 million, Social Islami Bank $32.03 million, Bank Asia $29.42, Prime Bank $29.40 million, Mercantile Bank $26.81 million, Trust Bank $26.39 million, NCCBL $23.71 million, Jamuna Bank $15.95 million, and AB Bank $12.30 million.

The poorest performers in remittance earning, which earned zero remittance, include DBBL, Rajshahi Krishi Unnayan Bank (Rakub), Habib Bank and National Bank of Pakistan.

The poorer performers are the NRB banks as usual although the government allowed the establishment of these banks with high hopes in this regard.

Of them, NRB Bank earned $0.84 million while NRB Commercial Bank $0.35 million and NRB Global Bank $0.43 million in remittance from non-resident Bangladeshis during the period.

Officials in the central bank believe that the remittance inflow may go up in the current month of May and next month of June because of Eid-ul-Fitr, reports UNB.

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