The Financial Express

Remittance inflow marks rise in Oct

Published: November 07, 2018 20:42:09 | Updated: November 09, 2018 11:38:22

Remittance inflow marks rise in Oct

The country's remittance inflow marked a rise in October after its decline in September this year.

As per the statistics provided by the Bangladesh Bank, the country received $1.239 billion in remittance from expatriate Bangladeshis living in various countries while it had received $1.138 in September. In August, the remittance earning was $1.411 billion.

The central bank data shows that six state-owned commercial banks -- Agrani, Janata, Rupali, Sonali, BASIC and BDBL-- received $299.36 million from expatriate Bangladeshis while two state-owned specialised banks - BKB and RAKUB - got $14.57 million.

The maximum remittance came through private commercial banks as they received $913.30 million while the nine foreign banks $8.88 million, reports UNB.

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) led the chart as it received $224.50 million, followed by Dutch-Bangla Bank's $93.51 million and Mutual Trust Bank's $51.83 million.

Of the four state-owned banks, Agrani Bank received $122.56 million, Sonali Bank $87.68 million, Janata Bank $72.08 million, Rupali Bank $16.87 million and BASIC Bank $0.17 million, while BDBL received no remittance.

Among other private banks, Trust Bank received $47.63 million while BRAC Bank $39.74 million, Southeast Bank Limited (SBL) $37.26 million, Mercantile Bank $37.80 million, National Bank $37.32 million, Pubali Bank $37.02 million, Bank Asia $35.78 million, NCCBL $30.93 million, Al Arafa Islami Bank $27.45 million, Prime Bank $27.32 million, Eastern Bank $27.12 million, Uttara Bank $25.23 million,AB Bank $20.53 million, Social Islam Bank $17.50 million and Jamuna Bank received $10.37 million.

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

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

Of them, NRB Bank earned $0.76 million while NRB Commercial Bank $0.42 million and NRB Global Bank $0.55 million in remittance from non-resident Bangladeshis during the period.


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