BRAC Bank has facilitated an impressive USD 1.5 billion in remittance inflows during the first five months of 2026, marking a phenomenal 75% year-on-year growth compared to the same period last year.
According to a press release issued by the bank on Monday (June 22), approximately 15 lakh (1.5 million) expatriate Bangladeshis placed their trust in BRAC Bank to send money back to their families during this five-month period. This massive surge in remittance funds continues to play a vital role in ensuring financial stability for millions of families across Bangladesh.
This milestone demonstrates the growing preference and reliability of BRAC Bank’s remittance services among non-resident Bangladeshis (NRBs) and global exchange houses alike. Beyond sustaining daily livelihoods, education, and healthcare expenses for recipients, the bank’s robust remittance operations have proven essential to keeping the national economy vibrant.
Innovating the Remittance Ecosystem
BRAC Bank has significantly strengthened its remittance ecosystem by introducing specialized savings accounts and targeted financial products for both remittance senders and beneficiaries.
Through the bank’s end-to-end digital onboarding platform, customers can seamlessly open these dedicated accounts within a matter of minutes. These accounts can then be managed effortlessly via ‘Astha’, the bank’s premier internet banking application.
A standout feature of these specialized accounts is that customers receive a fixed rate of return, regardless of their account balance. Crucially, the profit is disbursed on a monthly basis, offering remittance-dependent families a steady, supplementary income stream to navigate their daily expenses.
Expanding Global Footprints & Local Networks
In an effort to sustain this upward trajectory, BRAC Bank is actively expanding into new remittance corridors and reinforcing its existing partnerships with innovative host-to-host technological integrations. These advancements ensure seamless, secure, and rapid cross-border fund transfers from key foreign destinations.
On the domestic front, the bank leverages a vast omnichannel distribution network to deliver funds safely to beneficiaries’ doorsteps, including:
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310 branches and sub-branches nationwide.
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1,117 agent banking outlets spanning rural and semi-urban hubs.
Leadership Commentary
Commenting on this landmark achievement, Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, said:
“This milestone is a true reflection of the unwavering trust that expatriate Bangladeshis place in BRAC Bank. This success proves what can be achieved when trust, technology, and strategic partnerships align toward a common goal. We remain deeply committed to contributing to Bangladesh’s macroeconomic growth by making remittance services even faster, safer, and more accessible.”cLooking ahead, BRAC Bank reiterated that remittance remains a cornerstone of the Bangladesh economy, crucial for improving the quality of life for millions of families and boosting the country’s foreign exchange reserves. The bank pledged to continue its strategic investments in technology, localized solutions, and global partnerships to channel more remittance through formal banking pathways.
