Brac Bank has emerged as Bangladesh's third-largest remittance bank after processing a record $2.97 billion in inward wage earners' remittances during the FY26, according to latest official data.
The milestone reflects the increasing trust of Bangladeshi expatriates in Brac Bank's secure, fast and technology-driven remittance services, as well as the Bank's growing contribution to strengthening the country's foreign currency inflows.
The strong performance has been driven by Brac Bank's strategic focus on digital innovation, expansion of remittance corridors, deeper partnerships with leading overseas exchange houses, and specialized banking solutions for Non-Resident Bangladeshis (NRBs).
Advanced host-to-host technology integration has further enhanced the speed, security and reliability of cross-border fund transfers from key remittance markets.
Recognizing the evolving expectations of overseas Bangladeshis, Brac Bank has built a seamless digital banking experience that enables eligible NRBs to open accounts from anywhere in the world within minutes and manage their banking conveniently through the Astha app.
Their beneficiaries can receive remittances quickly and securely through the bank's nationwide network of 315 branches and sub-branches and 1,117 agent banking outlets, ensuring greater accessibility even in remote parts of the country.
To address the diverse financial needs of expatriates and their families, Brac Bank offers a comprehensive suite of products and services, including the Probashi Virtual Savings Account, Probashi Poribar Account, Tara Probashi Poribar Account, and Offshore Banking Unit (OBU) services, enabling customers to save, invest and manage their finances with greater convenience.
Commenting on the achievement, Md Shaheen Iqbal, additional managing director and head of wholesale banking, said: "This milestone reflects the confidence that millions of Bangladeshi expatriates have placed in Brac Bank. Today's remittance customers expect more than just a money transfer—they expect speed, security, transparency and convenience. We will continue investing in digital capabilities, expanding our global network of remittance partners and introducing innovative financial solutions that make sending money home easier while supporting Bangladesh's economic growth."
Remittances remain one of Bangladesh's most important sources of foreign exchange, supporting millions of households and contributing significantly to macroeconomic stability.
By continuously enhancing its digital capabilities and expanding its international footprint, Brac Bank is playing an increasingly important role in connecting expatriate Bangladeshis with their families and the country's financial system.
Building on this momentum, Brac Bank will continue to expand into new remittance markets, strengthen partnerships with overseas exchange houses, and further improve its customer experience as it pursues its ambition to become Bangladesh's leading remittance bank.
