BRAC Bank aims to become Bangladesh’s largest remittance bank by 2028

BRAC Bank has achieved strong growth in inward remittances over the past five consecutive years and now aims to become Bangladesh’s largest remittance bank by 2028.

The country received USD 30.33 billion in inward remittances during FY2024–25 and is expected to reach USD 35 billion by the end of FY2025-26, according to a press release.

As remittance customers increasingly prioritise speed, security, and accessibility, BRAC Bank has continued strengthening its remittance banking capabilities through global partnerships, nationwide accessibility, digital innovation, and tailored financial solutions for Non-Resident Bangladeshis (NRBs) and their families.

Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, said: “Our advancement to the second position in April 2026 reflects the trust that Non-Resident Bangladeshis have placed in us with their hard-earned income. We remain committed to providing secure, transparent, and accessible channels that strengthen migrant families’ financial security and contribute to the country’s foreign exchange reserves.”

Over the past several years, the Bank expanded its exchange house network across key migrant corridors in the Middle East, Southeast Asia, Asia Pacific, the United States, the United Kingdom, Europe, North America, and Africa. Through host-to-host technological integration, BRAC Bank now works with more than 80 exchange house partners worldwide to facilitate faster and more reliable remittance transfers.

The Bank also strengthened domestic accessibility through 310 branches and sub-branches alongside 1,117 Agent Banking outlets nationwide, enabling remittance-receiving families to access funds conveniently across urban and rural areas.

To address evolving customer needs, BRAC Bank introduced several solutions for Probashis and their families, including the Probashi Virtual Savings Account, Probashi Poribar Account, TARA Probashi Poribar Account, and Offshore Banking Unit (OBU) services. Through its eKYC facility, Non-Resident Bangladeshis can open accounts remotely from abroad, while the Astha app enables customers to transfer funds, pay bills, manage deposits, access secured loans, and operate DPS facilities from anywhere in the world.

Md. Shaheen Iqbal, CFA, Additional Managing Director and Head of Wholesale Banking, said: “The bank’s progress in the remittance market reflects sustained investment across our global network, distribution footprint, digital platforms, and customer engagement. With eKYC onboarding, a comprehensive product suite for Probashi and their families, and the Astha platform, we have built an ecosystem that serves both the sender abroad and the family at home.

We aim to reach the top of the market by 2028 and one we believe we can achieve on the strength of our customer relationships and continued investment,” he added.

Beyond infrastructure and products, BRAC Bank also engages directly with remittance-receiving communities through Uthan Boithak — courtyard meetings organised across the country to promote formal remittance channels and long-term financial inclusion.