NRBC Bank has reiterated its commitment to making remittance services simpler and more accessible, aiming to support Bangladesh’s economic growth and industrialisation by channelling remittances through formal banking systems.
Speaking at a meeting with representatives of exchange houses on Sunday, 22 June 2025, at the bank’s head office in Dhaka, Chairman Md. Ali Hossain Prodhanía said, “Remittance sent by expatriates is one of the key pillars of the country’s economy. NRBC Bank has taken initiatives to simplify remittance-related services to support national development and industrialisation.”
He noted that Bangladeshi expatriates play a vital role in sustaining the nation’s foreign currency reserves by sending their earnings home through official channels. However, he also acknowledged that informal money transfer systems like hundi continue to divert a substantial portion of remittances. He stressed that this challenge can be tackled through improved service delivery and closer cooperation with exchange houses and aggregators.
The meeting was attended by Dr. Md. Touhidul Alam Khan, Managing Director and CEO of NRBC Bank, along with Deputy Managing Directors Kabir Ahmed and Harunur Rashid. Representatives from various local and international exchange houses operating in Bangladesh also took part in the discussion.
Dr. Touhidul Alam Khan highlighted NRBC Bank’s extensive rural reach through its network of branches and sub-branches, which enables the bank to deliver remittance services directly to beneficiaries across the country. “Our aim is to take banking services to the doorsteps of rural people. With the active cooperation of exchange houses, we ensure convenient and efficient remittance delivery,” he said.
Representatives of the exchange houses lauded the bank’s efforts and noted that technological innovations have significantly improved remittance processing. They emphasised the need for continued collaboration between Bangladeshi banks and foreign exchange houses to offer faster, safer, and more reliable services, ultimately helping to boost inward remittance volumes.
The event underscored the shared commitment of banking institutions and remittance partners to strengthen formal financial channels and ensure that the hard-earned income of expatriates reaches their families quickly and securely.