December Remittances: Seven Banks Record Zero

Khabor Wala Desk

Published: 30th December 2025, 3:09 AM

December Remittances: Seven Banks Record Zero

During the first 27 days of December, Bangladesh received a total of USD 2,751.91 million in remittances from its expatriate workforce. However, according to the latest report from Bangladesh Bank, seven banks recorded zero remittance inflows during this period, highlighting persistent operational and technological challenges within the sector.

The banks that failed to process any remittance include:

Specialised Bank: Rajshahi Krishi Unnayan Bank (RAKUB)

Private Banks: Padma Bank PLC, ICB Islamic Bank

Foreign Banks: Al Baraka Bank, Habib Bank, National Bank of Pakistan, State Bank of India

An analysis of remittance inflows by bank type shows that private banks continue to dominate, while foreign and specialised banks account for only a minimal share.

Bank Type	Remittances Received (Million USD)	Share of Total (%)
State-owned Banks	463.59	16.8
Specialised Banks	290.16	10.5
Private Banks	1,992.50	72.4
Foreign Banks	5.92	0.2
Total	2,751.91	100

The statistics clearly indicate that private banks are responsible for nearly 72% of total remittance inflows, with state-owned banks contributing around 17%, while the combined contribution of specialised and foreign banks remains marginal.

Banking experts attribute the zero-record performance of the seven banks primarily to operational inefficiencies, technological limitations, and complex transaction procedures. They emphasise the urgent need for these banks to enhance transaction management, strengthen international remittance networks, and expand digital capabilities.

Economists underline that remittances are a vital source of foreign currency for Bangladesh. Ensuring that remittance flows are rapid, secure, and efficient is therefore essential. Expanding international-standard remittance services in banks that currently record zero inflows is described as an urgent national priority.

Bangladesh Bank notes that improving remittance management capacity would bolster the country’s foreign currency reserves, attract greater investment, and strengthen overall economic stability. Experts stress that digitalisation of transactions and improved customer service are critical for achieving sustainable growth in the remittance sector.