Islami Bank Bangladesh PLC has set a new milestone by collecting foreign remittances worth $700 million in January 2024. said a press release.
Islami Bank’s market share is around 35 percent of the country’s total remittances and more than 50 percent of Islamic Banking industry in January. Bangladeshi expatriates working in different countries have sent this amount through Islami Bank which indicates that IBBPLC was the Banker of the first choice of expatriates. As a result, this bank has been able to create a new history in collecting the highest foreign remittance in a single month.
Islami Bank has retained the top position in remittance collection since last 16 years. The Bank has added 12.5 Billion USD in the reserve of the country after meeting its all import expenses which plays a vital role in the economy. The bank has also obtained a number of local and international awards for remittance collection and excellent expatriate services.
