Remittance inflow increases by 18pc in July

Publish: 3:18 PM, August 5, 2018 | Update: 3:18:PM, August 5, 2018

DHAKA  – Bangladeshi expatriates sent home US$1,316.93 million remittance in the first month of the current fiscal 2018-19, which is 18 percent higher than the amount received in the corresponding period of the preceding fiscal.

According to Bangladesh Bank (BB), the country received $1,115.57 million remittance in July 2017.

In July this fiscal, six state-owned commercial banks- Agrani, Janata, Rupali, Sonali, Basic and BDBL received $320.51 million while one state- owned specialised bank, Bangladesh Krishi Bank, received $11.63 million.

Of the state-owned banks, Agrani Bank received $130.76 million, Janata Bank $82.52 million, Rupali Bank $17.02 million, Sonali Bank $90.08 million and Basic Bank received $0.08 million.

Besides, the expatriates have sent $972.39 million through private commercial banks. Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received the highest amount of $246.55 million as Dutch-Bangla Bank (DBBL) received $70.54 million.

On the other hand, the expatriates have sent $12.40 million through the foreign commercial banks.