Even though Bangladesh witnessed record-breaking remittance inflows in recent times, eight banks failed to attract a single penny from expatriates, reports UNB.
The banks with zero remittance receipts include two state-owned institutions -- Bangladesh Development Bank (BDBL) and Rajshahi Krishi Unnayan Bank (RAKUB); three private banks -- Citizen Bank, ICB Islamic Bank, and Padma Bank; and four foreign banks -- Habib Bank, National Bank of Pakistan, State Bank of India, and Woori Bank.
Bangladesh received a record US$3.29 billion in remittances ahead of Eid, and the momentum has continued even after the festival.
In the first 19 days of April alone, expatriates sent US$1.78 billion, with an average daily inflow exceeding US$90 million (approximately Tk 1,104 crore).
But, none of these eight banks received any portion of this remittance during the period.
Eight banks fail to attract remittances despite record inflows
FE Team | Published: April 22, 2025 23:37:09
Eight banks fail to attract remittances despite record inflows
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