BRAC Bank wins remittance award
The Ministry of Expatriates' Welfare and Overseas Employment has awarded BRAC Bank the prestigious Remittance Award.
This recognition from the government of Bangladesh demonstrates BRAC Bank's strong commitment to bolstering the economy by simplifying remittance processes for wage earners worldwide.
The ministry conferred the accolade to BRAC Bank for attaining the 4th position in terms of remittance volume among all banks in Bangladesh during FY 2023-24.
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Dr Asif Nazrul, Adviser, Ministry of Expatriates' Welfare and Overseas Employment and Ministry of Law and Justice, handed over the award to Shahrear Zamil, Head of Remittance and Probashi Banking, BRAC Bank, at a ceremony marking the International Migrants Day in Dhaka on December 18, 2024.
A leader in facilitating inward remittances to Bangladesh, BRAC Bank achieved a milestone in facilitating wage remittances totalling USD 1.5 billion in 2024. This milestone underscores its significant impact on the country's foreign exchange reserves and financial stability.
The Remittance Award acknowledges BRAC Bank's facilitating role in driving economic growth, alleviating poverty, and fostering social development in Bangladesh through channelling international remittances in the banking channel.
As a leading bank in overseas remittance, BRAC Bank aims to elevate the nation's profile on the global stage. It encourages the Bangladeshi diaspora to increase their investment in the homeland and use formal channels for remittances.
BRAC Bank's recognition at International Migrants Day reflects its significant contribution to the national exchequer and its role as a catalyst for Bangladesh's economic prosperity.
