BRAC Bank ranks third in remittance inflows with $2.97 billion in FY26

BRAC Bank PLC processed a record $2.97 billion in inward wage earners’ remittances in fiscal year (FY) 2025-26, making it Bangladesh’s third-largest remittance bank, according to the latest official data.

The bank attributed the achievement to growing trust among Bangladeshi expatriates in its secure, technology-driven remittance services and its expanding contribution to the country’s foreign currency inflows, the lender said in a press release today.

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The strong performance was underpinned by BRAC Bank’s strategic focus on digital innovation, the expansion of remittance corridors, stronger partnerships with leading overseas exchange houses, and specialised banking solutions for non-resident Bangladeshis (NRBs).

Advanced host-to-host technology integration has further improved the speed, security and reliability of cross-border fund transfers from key remittance markets.

The bank also offers eligible NRBs the ability to open accounts remotely within minutes and manage them through its Astha app.

Beneficiaries can receive remittances through BRAC Bank’s network of 315 branches and sub-branches and 1,117 agent-banking outlets across the country.

Its remittance-focused products include the Probashi Virtual Savings Account, Probashi Poribar Account, TARA Probashi Poribar Account and Offshore Banking Unit (OBU) services.

“This milestone reflects the confidence that millions of Bangladeshi expatriates have placed in BRAC Bank,” said Md Shaheen Iqbal, additional managing director and head of wholesale banking at the bank.

“Today’s remittance customers expect more than just a money transfer—they expect speed, security, transparency and convenience.”

He said the bank would continue investing in digital capabilities, expanding its global remittance partner network and introducing new financial solutions to make sending money home easier while supporting Bangladesh’s economic growth.

Remittances remain one of Bangladesh’s key sources of foreign exchange, supporting millions of households and contributing to macroeconomic stability.

BRAC Bank said it would continue expanding into new remittance markets, strengthening partnerships with overseas exchange houses and enhancing customer experience as it pursues its ambition of becoming the country’s leading remittance bank.