Islami Bank Tops Remittance Inflows

Remittances have long been regarded as one of the most vital pillars of Bangladesh’s economy, underpinning foreign exchange supply, supporting the balance of payments and helping to stabilise foreign currency reserves. In 2025, their importance became even more pronounced as the country navigated a challenging macroeconomic environment marked by dollar shortages, rising import bills and pressure on reserves. At a critical juncture, money sent home by expatriate Bangladeshis provided much-needed relief and resilience to the economy.

According to data from Bangladesh Bank, total remittance inflows in 2025 reached approximately US$32.82 billion, representing one of the strongest performances in recent years. This robust flow highlighted the enduring commitment of migrant workers and underscored the role of remittances as a stabilising force amid both global uncertainty and domestic economic adjustments.

A notable feature of the 2025 remittance landscape was the high degree of concentration within the banking sector. Nearly 37 per cent of total inflows were channelled through just three banks. At the forefront was Islami Bank Bangladesh Limited, which retained its position as the country’s leading remittance-receiving bank for another consecutive year. The Shariah-based private lender has built strong confidence among expatriates through an extensive overseas correspondent network, efficient digital remittance platforms and faster settlement mechanisms.

Significant shifts were also observed among state-owned banks. Bangladesh Krishi Bank (BKB) emerged as the second-largest remittance recipient in 2025, a notable achievement for an institution traditionally focused on rural and agricultural finance. Meanwhile, Agrani Bank, long regarded as a major player in remittance handling, slipped to third place but continued to channel a substantial volume of funds into the economy.

Bangladesh Bank figures show that Islami Bank handled around US$6.204 billion in remittances during the year. Bangladesh Krishi Bank followed with approximately US$3.127 billion, while Agrani Bank received about US$2.782 billion. Combined, these three banks accounted for 36.91 per cent of total remittance inflows, clearly demonstrating their influence within the financial system.

Top Remittance-Receiving Banks in 2025

Economists and bankers attribute the renewed momentum in remittance flows to several policy and administrative measures introduced after August 2024. These included stronger enforcement against illegal hundi networks, a more market-aligned and comparatively stable exchange rate, a 2.5 per cent government cash incentive on remittances, and closer integration between banks and mobile financial service providers. Together, these steps encouraged expatriates to increasingly favour formal channels.

The positive trend peaked in March 2025, when a record US$3.29 billion was remitted in a single month. Strong inflows continued towards the end of the year, with December remittances exceeding US$3 billion. As a result, Bangladesh’s foreign exchange reserves rose to nearly US$33 billion by year-end, offering a reassuring signal of economic resilience and improved prospects for future stability.