Presentation on

Remittance trend of IBBL

Presented by:
Sakiba Ahsan
Dept. of MIS
University of Dhaka

Remittance Growth rate of

Bangladesh
Bangladesh ranked 5th in 2011
among the highest remittance
recipients of the world.

Why This Robust Growth?

Stable macro-economic indicators including GDP
growth
Steady growth in manpower export specially in the
middle east
Substantial devaluation of the local currency
Increased focus of Central Bank and the Government
to channel funds through formal channels
Expansion of branch network of various commercial
banks
Anti-Money Laundering rules and regulations came in
force

Prospect: Challenges Ahead To

Bangladesh
The government needs some 5.0 billion US
dollar to stabilize economy at this
moment. NRBs can set up a business
conglomerate in the country where they
will invest their hard-earned money. NRBs
are keen to invest in the country. The
government should come forward to
provide facility for the investment.

Remittance Services of IBBL

Express
Remittance
Highest time within 12 hours
money is deposited in
receivers account and through
BEFTN money is deposited
within the 2nd working day in
other banks account

Spot Cash

Instant cash
Receivers can
get easy cash
taka

FDD
FDD
AS
ASSOON
SOONAS
AS
presented
presentedititisis
deposited
depositedin
in
receivers
receiversaccount
account

Steps taken by IBBL

Accolades for best use
ofremittance organized by
RMMRU-IBBL
IBBL holds views exchange
meeting with remittance
beneficiaries
Win 200 Mobile Phones

Remittance trend and services

Year Wise Remittance Growth of IBBL

Country Wise Remittance of IBBL

Position of IBBL among Top

Sixteen banks of the country

Growth of Remittance Business (Country Vs. IBBL)

Figure in million USD

2010

2011

Growth (%)

(1)

(2)

(3)

Country

10990.16

12155.46

10.60

IBBL

3012.09

3170.96

5.27

Share of IBBL (%)

2010

2011

(4)

(5)

27.40
26.09

Usage of remittance in Profitable projects

NRB (Non Resident Bangladeshi) Entrepreneurs Investment
Scheme (NEIS)
Objectives :
To extend investment facilities to Bangladeshis (NRBs) working abroad,
intending to invest in Bangladesh.
To patronize NRBs to invest in the homeland and thereby contribute to
the GDP towards growth and development of the country.
To create employment opportunities for NRBs on their return & their
children.
'Mudaraba Foreign Currency Deposit Scheme (Savings)
To encourage savings in Foreign Currency by offering a safe and profitable
opportunity to the savers/investors by way of sharing a portion of the
profit out of the investment of their funds as per principles of Shariah.
Mudaraba NRB Savings Bond (MNSB) Scheme
FC ACCOUNT

Variables that affect

customer satisfaction

Adjacent to home/work place

Convenience of transaction and
payment facilities:
Money Transfer Fees
Safety and security etc.

SWOT
Strength:
Handling of 29 % of
total remittance
Affordable
Safe & reliable
Trustworthiness
Anti-money laundering
campaign

Opportunities:
Grab the new market:
Diversified customer

Weakness of IBBL
Dishonesty of people
Lengthy process between
exchange house to and
bank to bank

Threats:
Less number of branches
Increased competition

Recommendations for Remittance

Services: Specially for IBBL
Door to Door Delivery - Cash / Cheque
Introduction of Mobile Banking for Remittance
Payment:
SMS notification on Foreign Remittance.
Remote branches performance
Need to increase the number of counter
Increase the number of money exchange agents
Service charge
Monitoring the fraudulent activities related to
foreign remittance.

THANK YOU!