Brac Bank has won the Top Ten Remittance Award at the World Conference Series 2024.

This recognition demonstrates BRAC Bank's unwavering commitment to bolstering the economy by simplifying remittance processes for wage earners worldwide, said a press release.

A leader in facilitating inward remittances to Bangladesh, BRAC Bank set a new benchmark by facilitating wage remittances totalling USD 817 million in 2023.

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According to BRAC Bank, this milestone underscores its significant impact on the country's economic stability.

The award was presented at the World Conference Series 2024 grand inauguration ceremony organised by the Centre for Non-Resident Bangladeshi.

The Centre for Non-Resident Bangladeshi handed the award to BRAC Bank, acknowledging its pivotal role in driving economic growth, alleviating poverty, and fostering social development across Bangladesh.

The ceremony was attended by AK Abdul Momen, former Foreign Minister; Mashiur Rahman, Economic Affairs Adviser to the Prime Minister; Shofiqur Rahman Choudhury MP, State Minister for Expatriates' Welfare and Overseas Employment, alongside managing directors and senior executives from various banks held at Pan Pacific Sonargaon, Dhaka on March 10, 2024.

Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate Banking at BRAC Bank, and Shahrear Zamil, Head of Remittance and Probashi Banking, received the award on behalf of the bank.

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This year's World Conference Series, themed 'Branding Bangladesh,' aims to elevate the nation's profile on the global stage, encouraging the Bangladeshi diaspora to increase their investment in the homeland and to utilize formal channels for remittances.