Expats remit $1.206 bn in May

The country received $1.206 billion in remittance in May this year.

According to Bangladesh Bank statistics, four state-owned commercial banks - Agrani, Janata, Rupali and Sonali - received $379.12 million from expatriate Bangladeshis, reports UNB, a private news agency.  

On the contrary, four state-owned specialised banks got $12.33 million.

The maximum remittance came through private commercial banks as they received $797.08 million while the nine foreign banks $17.11 million.

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received $279.44 million, followed by National Bank Limited (NBL) with $51.40 million.

Out of the four state-owned banks, Agrani Bank received $138.88 million, Sonali Bank $115.07 million, Janata Bank $105.49 million and Rupali Bank 19.68 million.

Among other private banks, Dutch-Bangla Bank received $49.93million while Bank Asia $42.96 million, Uttara Bank $40.95 million, Pubali Bank $40.96 million, Prime Bank $27.09 million, Mercantile Bank 24.35 million, NCCBL 23.99 million, Southeast Bank $22.13 million, Trust Bank $20.27 million, BRAC Bank $22.37 million, AB Bank $19.24 million and Social Islam Bank $16.39 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 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 $0.33 million while NRB Commercial Bank $0.23 million and NRB Global Bank $0.12 million in remittance from non-resident Bangladeshis during the period.

The new banks also could not pick up remittance inflow as Union Bank received $1.25 million, Farmers Bank $0.28 and One Bank $0.90 million.


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