Country receives $590.03mn in remittance on Aug 1-14

The country received $590.03 million in remittance in the first 14 days of the current month of August.

Bangladesh Bank statistics show the four state-owned commercial banks — Agrani, Janata, Rupali and Sonali — received $189.48 million from the expatriate Bangladeshis while four state-owned specialised banks got $5.80 million.

The maximum remittance came through the private commercial banks who brought $388.63 million while the nine foreign banks only $6.11 million.

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) led the remittance earning as it received the highest remittance of $149.95 million, followed by National Bank Limited (NBL) with $28.31 million.

Of the state-owned banks, Agrani Bank received $65.36 million, Sonali Bank $56.33 million, Janata Bank $59.02 million and Rupali Bank 8.77 million.

Among other private banks who are in the leading positions in earning remittance include Uttara Bank ($25.73 million), Pubali Bank ($23.51 million), Dutch-Bangla Bank ($22.28 million), Bank Asia ($16.74 million), Trust Bank ($10.62 million), Prime Bank ($16.26 million), BRAC Bank ($9.42 million) and AB Bank ($4.77 million).

Like previous days, the NRB banks showed a poor performance in earning the remittance from the expatriates although the government allowed establishing these banks with high hope.

Of the three NRB banks, NRB Bank received $0.08 million while NRB Commercial Bank got $0.04 million and NRB Global Bank received $0.02 million in remittances from non-resident Bangladeshis during the period.

The new banks which were established in recent years could not make good breakthrough in rearming the remittance.

Source: UNB

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