Bangladesh receives $1.21b in remittance in 18 days

Expatriate Bangladeshis sent over US$1.21 billion in remittance during the first 18 days of January in the 2024-25 fiscal year.

Of this, remittances through state-owned and specialised banks accounted for $309.85 million, while private banks received $893.31 million, according to Bangladesh Bank (BB) data released today.

Six state–owned commercial banks – Agrani, Janata, Rupali, Sonali, Basic and BDBL – received $258.87 million while one state-owned specialized bank- Bangladesh Krishi Bank- received $50.98 million.

Of the state-owned banks, Agrani Bank received $66.79 million, Janata Bank $60.43 million, Rupali Bank $56.95 million, Sonali Bank $74.64 million and Basic Bank received $0.06 million.

The highest $177.37 million in remittance came to the country through Islami Bank Bangladesh Ltd. (BSS)