BRAC Bank surpasses $2 billion in remittances inflow

BRAC Bank PLC has surpassed $2 billion in remittance inflows in 2025, climbing from the 17th to the 4th position in the past five years.

The bank's steady growth from $427 million in 2020 to $1,605 million in 2024 reflects rising customer confidence, according to a press release.

To support this momentum, BRAC Bank has invested in a modern remittance ecosystem focused on speed, transparency and accessibility for Non-Resident Bangladeshis (NRBs).

Instant eKYC-enabled onboarding now allows NRBs to open accounts remotely within minutes, encouraging a shift from informal networks to formal banking channels.

The bank has also strengthened its digital capabilities through the Probashi Virtual Savings Account, offering NRBs and their families seamless access to Astha, BRAC Bank's digital banking platform. Users can manage deposits, transfers, bill payments, mobile recharges, fixed deposits, DPS and secured loans from a single interface.

To further support remittance-dependent households, the bank introduced two savings products -- the Probashi Poribar Savings Account and the TARA Probashi Poribar Savings Account.

These offer competitive interest rates, monthly interest payouts and insurance benefits. Probashi Poribar customers receive 3 percent annual interest and life insurance up to Tk 5 lakh, while TARA customers receive 3.5 percent interest, life insurance up to Tk 2 lakh and health coverage up to Tk 50,000.

Tareq Refat Ullah Khan, managing director and CEO, said BRAC Bank is committed to providing secure and convenient channels for expatriate Bangladeshis.

He added that rising remittance inflows continue to strengthen the country's foreign exchange reserves.

The bank also expanded its global network in 2025 by partnering with 10 leading exchange houses across major markets, contributing to the recent surge in inflows.