Expats send over $1.2b in remittance in April

The country received $1.218 billion in remittance from April 1 to 27 this year, reports UNB.

In March, the total inward remittance was $1.299 billion.

Bangladesh Bank officials said the data on remittance of three other days of last month (April 28-30) is not available. Once the data is available, the total amount will obviously increase from $1.218 billion.

Bangladesh Bank's available statistics show six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, BASIC and BDBL - received $299.91 million from expatriate Bangladeshis while two state-owned specialised banks - BKB and RAKUB - received $10.51 million.

The maximum remittance came through private commercial banks as they received $895 million and the nine foreign banks $12.95 million.

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) topped the chart as it received $248.97 million, followed by Dutch-Bangla Bank's $62.08 million.

Of the state-owned banks, Agrani Bank brought in $122.85 million, Sonali Bank $91.40 million, Janata Bank $71.30 million, Rupali Bank $14.21 million and BASIC Bank $0.15 million. The BDBL failed to receive any remittance.

Among other private banks, Southeast Bank Limited (SBL) received $54.95 million while Mutual Trust Bank $41.40 million.