Remittance inflows for the first seven days of September 2024 have totaled USD 584.54 million, highlighting evolving financial weather.
As per Bangladesh Bank's latest statistics the state-owned commercial banks (SOCBs) fetched USD 152.79 million with Agrani Bank PLC at the forefront securing USD 88.24 million.
Private commercial banks followed the suit dominating with USD 415.27 million collections. Among them, Islami Bank Bangladesh PLC emerged as a heavyweight, recording USD 126.51 million.
Specialized banks such as Bangladesh Krishi Bank garnered USD 14.83 million indicating steady outreach to rural economy. However, Foreign Commercial Banks collectively reported only USD 1.65 million, emphasizing their limited role in remittance activities.
These figures reflect a promising trajectory for the country's economic stability, bankers said as remittances remain a key driver of foreign exchange reserves.
While total remittances for the fiscal 2024-25 have already crossed USD 4.12 billion, these early September trends hint at continued resilience amid global economic uncertainties.
