POST TIME: 2 February, 2018 00:00 00 AM
Remittance inflow rebounds

Remittance inflow rebounds

Remittance inflow to the country rebounded in January, with a rise of US $215.97 million over the amount of December, 2017, reports BSS. The country received $1,379.79 million in January, while $1,163.82 million in December 2017, according to the Bangladesh Bank data. With the increased inflow in January, the country received a total of $8,312.15 million remittance in the seven months of the current 2017-18 financial year (FY18). Last year, total remittance inflow for the seven months was $7,176.32 million. The data also showed that expatriate Bangladeshis used more private banking channels for sending $1,024.17 million remittance on January.

Six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, Basic and BDBL - received $331.48 million while one state-owned specialised bank, Bangladesh Krishi Bank, received $11.38 million.

Of the state-owned banks, Agrani Bank received $129.65 million, Janata Bank $84.54 million, Rupali Bank $16.40 million, Sonali Bank $100.75 million and Basic Bank $0.14 million.

Besides, the expatriates have sent $12.76 million through foreign commercial banks. Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received $266.12 million, the highest amount, while Dutch-Bangla Bank (DBBL) received $72.22 million.

The other top six private banks are - BRAC Bank Limited ($53.60 million), Southeast Bank Limited ($53.04 million), Uttara Bank ($52.21 million), Trust Bank Limited ($46.07 million), Pubali Bank Limited ($43.53 million) and Mutual Trust Bank Limited ($42.25 million).