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LETTERS TO THE EDITOR

Empowering women thru' banking

February 05, 2025 00:00:00


Women's banking plays a crucial role in the banking sector and is vital for national development. Specialised banking services tailored for women, such as BRAC Bank's TARA and the recent launch of EBL Bank's women-centric products, focus on addressing women's unique financial needs and preferences.

These accounts offer competitive interest rates on savings, low-interest or specialised loans, insurance, and business consultancy services. Such financial support enables women to become financially independent, start and expand their businesses, and manage household finances more effectively. Additionally, women's banking initiatives, combined with financial literacy programmes, empower women to make informed financial decisions, enhancing their confidence and self-sufficiency.

Beyond individual empowerment, women's banking fosters entrepreneurship and contributes to national economic development, significantly boosting Bangladesh's GDP. It is not just a tool for women's empowerment but also a driving force for economic growth and social transformation.

Umme Khadija Tanha

Bachelor of Business Administration

Department of Accounting & Finance

North South University

[email protected]


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