BRAC Bank has crossed a major milestone, surpassing USD 2 billion in remittance inflows in 2025, solidifying its position as one of the country’s fastest-growing and most trusted remittance service providers.
Over the past five years, the bank has risen dramatically in the remittance market climbing from the 17th to the 4th position driven by consistent performance, customer confidence, and a strategic focus on digital transformation. Remittance inflows surged from USD 427 million in 2020 to USD 1,605 million in 2024, reflecting strong YoY momentum.
BRAC Bank’s growth is rooted in its commitment to modernizing formal remittance channels, which play a vital role in strengthening Bangladesh’s foreign currency reserves and supporting millions of households. The bank has invested heavily in speed, transparency and accessibility, especially for Non-Resident Bangladeshis (NRBs).
A key catalyst has been instant eKYC-based global onboarding, allowing NRBs to open BRAC Bank accounts remotely within minutes and seamlessly access secure, regulated channels. This ease of entry has encouraged a shift away from informal networks toward formal remittance systems.
The launch of the Probashi Virtual Savings Account, integrated with the Astha digital banking platform, has further strengthened BRAC Bank’s digital leadership. NRBs and their families can now manage deposits, transfers to any bank or mobile wallet, bill payments, mobile recharges, fixed deposits, DPS, and secured loans all from a unified interface, driving rapid adoption across global corridors.
To support families in Bangladesh who depend on overseas income, the bank has introduced two specialized savings solutions:
- Probashi Poribar Savings Account – 3% annual interest and life insurance coverage up to BDT 5 lakh
- TARA Probashi Poribar Savings Account – 3.5% annual interest, life insurance coverage up to BDT 2 lakh, and annual health insurance benefits up to BDT 50,000
These products strengthen long-term financial security for migrant households and enhance the overall value proposition of formal remittance banking.
In 2025, BRAC Bank expanded its international footprint through partnerships with 10 leading exchange houses across Australia, Malaysia, Japan, Singapore, Canada, the United States, and the United Kingdom. With more than 80 partners worldwide, the bank has significantly boosted global connectivity and ensured secure, seamless money transfers for Bangladeshi wage earners abroad.
Customers in Bangladesh benefit from convenient access through 305 branches and sub-branches, 1,117 Agent Banking outlets, and dedicated email support via probashi@bracbank.com for opening Probashi, NFCD, FD, DPS, and NRB bond accounts.
Commenting on the achievement, Tareq Refat Ullah Khan, Managing Director and CEO, said:“BRAC Bank remains deeply committed to offering expatriate Bangladeshis secure, transparent and convenient channels that protect the value of their hard-earned income. The strong growth in international remittances continues to bolster the nation’s foreign exchange reserves.”
Md. Shaheen Iqbal, CFA, Deputy Managing Director and Head of Wholesale Banking, added:“Our ascent in the remittance market reflects sustained investment in innovation, simplified onboarding, and solutions aligned with the evolving needs of migrant families. This trajectory marks BRAC Bank’s growing prominence as a forward-looking national remittance institution.”
With its USD 2 billion milestone, BRAC Bank continues to strengthen its leadership in building an inclusive, secure, and future-ready remittance ecosystem empowering the Bangladeshi diaspora and contributing to the nation’s financial stability.
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