BRAC Bank wins Remittance Award 2024

BRAC Bank has been awarded with the "Remittance Award 2024" by the Ministry of Expatriates' Welfare and Overseas Employment for attaining the 4th position in terms of remittance volume among all the banks in the country during the fiscal year 2023-24.

Asif Nazrul, adviser to the Ministry of Expatriates' Welfare and Overseas Employment and the Ministry of Law and Justice, handed over the award to Shahrear Zamil, head of remittance and probashi banking at the bank, at the Osmani Memorial Auditorium in the capital recently, said a press release.

This recognition from the government demonstrates BRAC Bank's strong commitment to bolstering the economy by simplifying remittance processes for wage earners across the world.

A leader in facilitating inward remittances to Bangladesh, BRAC Bank achieved a milestone facilitating wage remittances totalling $1.5 billion in 2024.

This milestone underscores its significant impact on the country's foreign exchange reserves and financial stability.

The award acknowledges BRAC Bank's facilitating role in driving economic growth, alleviating poverty, and fostering social development in Bangladesh through channelling international remittances in the banking channel.

As a leading bank in overseas remittance, the bank aims to elevate the nation's profile on the global stage, encouraging the Bangladeshi diaspora to increase their investment in the homeland and utilise formal channels for remittances, the press release added.

The ministry organised the award on the occasion of the International Migrants Day.