Remittance hits $ 1.319bn in Sept

The country received $ 1.319 billion in remittance during the month of September this year, up from $1.174 billion than in August 2014.

remittanceAccording to data provided by the Bangladesh Bank, the country received the remittance through banking channels from the Bangladeshi expatriates living abroad.

With the September’s amount, the country’s total remittance earning till September 30 reached $3.985 billion in the first quarter of the current fiscal year fiscal year 2014-15. The total remittance in fiscal 2013-14 was $14.228 billion.

The central bank statistics show that Bangladesh received $442.51 million in remittance through four state-owned commercial banks—Agrani, Janata, Rupali and Sonali banks—while state-owned specialised banks received $17.04 million.

The highest remittance of $845.52 million, however, came through the private sector banks among whom Islami Bank Bangladesh Limited (IBBL) made the major contribution of $331.31 million.

The IBBL was followed by National Bank Limited’s $64.71 million and Uttara Bank’s $60.26 million.