Country receives $867.77mn remittance on Aug 1-21

The country received $867.77 million in remittance in the fist three weeks (21 days) of the current month of August.

Bangladesh Bank statistics show the four state-owned commercial banks — Agrani, Janata, Rupali and Sonali — received $275.40 million from the expatriate Bangladeshis while four state-owned specialised banks got $8.18 million.

The maximum remittance came through the private commercial banks who received $573.10 million while the nine foreign banks brought only $11.09 million.

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) led the remittance earning as it received the highest remittance of 221.10 million, followed by National Bank Limited (NBL) with $41.05 million.

Of the state-owned banks, Agrani Bank received $95 million, Sonali Bank $83.84 million, Janata Bank $84.34 million and Rupali Bank 12.22 million.

Among other private banks who are in the leading positions in earning remittance include Uttara Bank ($37.03 million), Pubali Bank ($33.05 million), Dutch-Bangla Bank ($30.72 million), Bank Asia ($24.02 million), Trust Bank ($16.01 million), Prime Bank ($21.73 million), BRAC Bank ($14.51 million) and AB Bank ($8.47 million).

Although the government provided licences to establish three NRB banks by the non-resident Bangladeshis, their performances so far are not upto the mark.

Of the three NRB banks, the NRB Bank received $0.08 million, NRB Commercial Bank $0.06 million and NRB Global Bank $0.03 million remittance from non-resident Bangladeshis during the period.

Newly established commercial banks which started operation more than a year ago, also showed frustrating performances to earn remittance.

Of the new banks, South Bangla Agriculture Bank and Modhumati Bank received no remittance while Meghna Bank received $0.22 million, Farmers Bank $0.10 million and Midland Bank $0.04 million in remittance from the expatriate Bangladeshis.