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Published : 26 Apr 2026, 10:59 AM
BRAC Bank says it was disbursed Tk 27.2 billion in remittances through its agent banking channel, nearly double the amount recorded in the previous year.
The agent banking system has a nationwide footprint of 1,120 banking outlets and brings remittances back into the formal financial system by making services “more accessible, secure, and inclusive”, the bank said in a press release on Saturday.
“In Bangladesh, particularly in rural regions, remittances have long been constrained by the dominance of informal channels and limited access to banking infrastructure. The rapid expansion of agent banking has changed that reality, enabling financial services to penetrate deep into village communities,” BRAC said.
“By extending banking services to the doorsteps of people—especially in remote and underserved areas—the bank is playing a crucial role in channelling expatriate income through formal means.”
The bank says nearly 85 percent of the funds were directly credited to customer accounts, enhancing transparency and security while reducing cash dependence. This saves time and cost, it said.
Instead of having to travel to urban centres to access these funds, people can now access them locally.
The bank also touted its “Probashi Poribar” account services, which it says encourages savings through tailored benefits and financial convenience, as well as the “Swabalombi” loan programme, which helps remittance beneficiaries to access credit “on easy terms”.
In 2025, 4,506 customers received approximately Tk 4.91 billion in loans.
These services allow remittance income to be used for investment in small business, agriculture, and other income-generating activities instead of just consumption, the bank said.
“We continue to enhance our agent banking services to simplify remittance flows. We firmly believe that innovative and convenient banking solutions not only advance financial inclusion but also encourage greater participation in formal banking channels,” said Nazmur Rahim, deputy managing director and head of alternate banking channels at BRAC Bank.
