Foreign Remittance, Import and Export

During the year under review, export business of JBL

stood at BDT 145,373.60 million against BDT 154,080.00
million of 2014 registering a negative growth of 5.65
percent while import trade stood at BDT 147,181.80
million at the end of 2015 against 144,557.00 million at
the end of 2014. The bank handled total inward foreign
remittance of BDT 101,348.20 million indicating 4.99
percent negative growth for the year 2015 over that of
2014. This represents 9.48 percent of the share of total
national remittance. The summary of Import - Export and
foreign remittance for the years 2015 and 2014 is given
below:

Foreign remittance
JBL has set up an independent department named as
Foreign Remittance Department (FRD) that exclusively
handle payment and distribution of all foreign remittances
to the branches. FRD has assigned a dedicated and
hard-working team that relentlessly provide prompt
service to ensure payment on due time. On-line foreign
remittance system has been established at FRD. Foreign
Remittance Payments for account credit and instant cash
have been made through this on-line EFT systemwithin the same day or within shortest possible
of time.
Janata Bank has Taka Drawing Arrangements (TDA) with
77 Exchange companies/banks in different countries i.e.
UAE, USA, Saudi Arabia, Malaysia, Kuwait, Bahrain,
Oman, Singapore, UK, Qatar, Greece, Spain, South Korea
and Mauritius. 904 domestic branches of JBL are making
cash payment of web-based remittance through renowned
exchange Co. like RIA, Western Union, Money Gram,
Xpress Money, Trans-fast, IME, Prabhu, Merchantrade,
EzRemit, Placid, NBL Quick Pay, Cash Express, City Pay,
NEC Money Transfer, Speed Cash and U-Remit instantly.
In 2015, the bank achieved total inward foreign remittance
of BDT 101,348.20 million that represents 8.50 percent
share of total national remittance in Bangladesh.