Remittance inflow hits $2.69b in September, up 11.72pc YoY

Business Report:

Remittance inflow to Bangladesh grew 12 percent year-on-year to $2.68 billion in September, according to the Bangladesh Bank data published on Sunday.

The September figure marks the highest monthly remittance so far in the current FY26.

In the July-September period of this fiscal year, remittance earnings stood at $7.58 billion, up from $7.02 billion in the same period of the previous fiscal year, the central bank data showed.

Earlier, Bangladesh received $2.47 billion in July and $2.42 billion in August. Remittance inflow also showed year-on-year growth, up from $2.40 billion in September 2024. The highest remittance inflow of 2025 was recorded in March, reaching $3.29 billion.

BB officials said that an increased number of Bangladeshi expatriates are currently sending money through formal channels.

Private commercial banks accounted for the majority of remittance receipts in September, handling $1.95 billion. Among them, Islami Bank Bangladesh PLC led the chart with $698 million.
State-owned banks received $466 million, with Janata Bank topping the group at $170 million.
Specialized banks received $258 million, while foreign commercial banks handled a modest $6.24 million in remittances.

But remittance inflows declined in the five banks undergoing merger processes.

Among them, Social Islami Bank and Exim Bank received $4.51 million and $1.14 million respectively, while Union Bank, Global Islami Bank and First Security Islami Bank recorded inflows of below $1 million each.

Two private commercial banks – ICB Islami Bank and Padma Bank PLC – received no remittance during the month.

In the 2024-25 fiscal year, remittance flow crossed $30 billion for the first time and rose by a record $6.4 billion.

Meanwhile, Bangladesh’s foreign exchange reserves have stood at $31.50 billion.

But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s foreign exchange reserves stood at $26.62 billion, according to the latest data of the Bangladesh Bank (BB) released Sunday.