Dynamics of Remittance in Bangladesh: A Case Study on United Commercial Bank (UCB)

Md. Abdul Latif Mahmud; Md. Azim; Helaluddin Ahmed; Md. Mobarak Karim

Dynamics of Remittance in Bangladesh: A Case Study on United Commercial Bank (UCB)

Md. Abdul Latif Mahmud * §

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Md. Azim

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Helaluddin Ahmed

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Md. Mobarak Karim

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§ World University of Bangladesh.

Dynamics of Remittance in Bangladesh: A Case Study on United Commercial Bank (UCB)

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Abstract

The aim of this paper is to evaluate the inward as well as outward remittance performance of United Commercial Bank (UCB), Bangladesh. The study exposes that the inward and outward remittance of UCB has been increasing over the years i.e. from 2007 to 2013. In 2013, the highest inward remittances come through Xpress money among the leading five products (Xpress money, Western Union, NEC Italy, Money gram and Modern Exchange). In 2013, the remittance inflow has decreased compared to 2012 from Soudi Arabia, Libya and United States of America while remittance in flow has increased from Malaysia, United Kingdom, Italy, Kuwait and Qatar. The rate of growth of inward remittance of UCB has dropped after 2010, although in 2013, it increased a little bit compared to 2011 and 2012. While growth rate of outward remittance showed an erratic trend form 2010 to 2013. Based on the findings it can be said that UCB should introduce new inward remittance product as well as it should arrange seminar and symposium to introduce the cost and benefits of their remittance products in home and abroad which may increase the remittance flow from different countries and this will ultimately benefit the county’s economy.

References

11 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Md. Mahmud, Md. Azim, Helaluddin Ahmed, Md. Karim. 2015. "Dynamics of Remittance in Bangladesh: A Case Study on United Commercial Bank (UCB)". Global Journal of Management and Business Research, Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 15 (GJMBR Volume 15 Issue C1).

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GJMBR Volume 15 Issue C1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification JEL Code: G20

Submission ReceivedFebruary 7, 2015
Peer Review Double Blind
Handling Editor
Accepted February 28, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

February 15, 2015

Language

English

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Article Matrices

Total Score: 151

Country: Bangladesh

Subject: Global Journal of Management and Business Research

Authors: Md. Abdul Latif Mahmud, Md. Azim, Helaluddin Ahmed, Md. Mobarak Karim (PhD/Dr. count: 0)

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Publish Date: 2015 03, Sun

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