BRAC Bank has achieved a major milestone this year by surpassing $2 billion in remittance inflows for 2025.
Over the last five years, the bank has advanced from the 17th to the 4th position in the national remittance market, demonstrating steady progress and expanding market presence.
Its year-on-year performance has shown consistent growth, with remittance inflows rising from $427 million in 2020 to $1,605 million in 2024, underscoring both business stability and increasing customer trust, according to a press release..
The bank attributes this sustained momentum to its emphasis on digital transformation, customer-focused innovation, and the strengthening of formal remittance channels.
These initiatives are particularly significant as remittances remain one of the country’s most important economic pillars, contributing to foreign currency reserves and supporting millions of households.
To meet this national priority, BRAC Bank has built a modernised remittance ecosystem focused on speed, transparency, and accessibility for Non-Resident Bangladeshis (NRBs) and their families, said in a press release.
Instant eKYC-enabled global onboarding has been one of the primary contributors to this growth.
The system allows NRBs to open BRAC Bank accounts remotely within minutes, offering immediate access to secure and regulated services. This streamlined process has encouraged expatriates to move away from informal networks and adopt formal banking channels.
The introduction of the Probashi Virtual Savings Account has strengthened the bank’s digital leadership.
Through seamless access to Astha, BRAC Bank’s digital banking platform, NRBs and their families can manage deposits, transfer funds to any bank or mobile wallet in Bangladesh, pay bills, recharge mobiles, and access fixed deposits, DPS, and secured loans through a single, unified interface.
This user-friendly experience has accelerated the adoption of formal remittance channels across key global corridors, said in a press reelease. To support families dependent on overseas income, BRAC Bank has introduced the Probashi Poribar Savings Account and the TARA Probashi Poribar Savings Account.
The Probashi Poribar Savings Account offers 3 percent annual interest and life insurance coverage of up to Tk5 lakh. The TARA Probashi Poribar Savings Account provides 3.5 percent annual interest, life insurance coverage of up to Tk2 lakh, and an annual health insurance benefit of up to Tk50,000.
These products are designed to enhance financial security for migrant households and strengthen the overall value of formal remittance banking.
In 2025, BRAC Bank expanded its global remittance network by partnering with 10 leading exchange houses across Australia, Malaysia, Japan, Singapore, Canada, the United States, and the United Kingdom.
With these additions, the bank now has more than 80 international partners. These alliances have played a significant role in the recent rise in remittance inflows, ensuring secure and efficient money transfers for Bangladeshi expatriates.
The bank’s growing domestic network allows easy cash withdrawals through 305 branches and sub-branches and 1,117 Agent Banking outlets.
Expatriates can also email [email protected] to open accounts, including Probashi, NFCD, FD, DPS, and for purchasing NRB bonds.
Reflecting on the bank’s performance, Tareq Refat Ullah Khan, Managing Director and CEO, said, “BRAC Bank remains deeply committed to supporting expatriate Bangladeshis with secure, transparent and convenient channels that uphold the value of their hard-earned income and strengthen financial security at home.
The robust growth in international remittance inflows continues to bolster foreign exchange reserves of the country.”
Md Shaheen Iqbal, CFA, Deputy Managing Director and Head of Wholesale Banking, said “The bank’s rise in the remittance market reflects sustained investment in innovation, simplified onboarding and solutions aligned with the evolving needs of migrant workers and their families.
This upward trajectory signals BRAC Bank’s continued emergence as a future-focused and nationally significant remittance institution.”
As BRAC Bank crosses the $2 billion milestone for 2025, the institution continues to strengthen its leadership in building a more secure, inclusive, and modern remittance ecosystem, supporting both the Bangladeshi diaspora and the national economy.
