What Is a Captive Bank?
Women-only banks are banks that serve women customers exclusively. Mainly common in the Middle East to meet the growing demand for banking by Muslim women. In other countries, the status of women and the concept of financial management have been continuously improved, and banking services for women have begun to rise quietly.
Women-only bank
- Chinese name
- Women-only bank
- Features
- For women
- Category
- bank
- Established
- October 29, 2009
- Women-only banks are banks that serve women customers exclusively. Mainly common in the Middle East to meet the growing demand for banking by Muslim women. In other countries, the status of women and the concept of financial management have been continuously improved, and banking services for women have begun to rise quietly.
- Women-only banks refer to banks that serve women only. These banks are all from supervisors, staff and customers.
- A study by the Boston Consulting Group found that women worldwide
- In this women's exclusive bank, the Najaf branch manager is a male. Even if he enters the business hall, he must make an appointment in advance, and then enter through the bank's back door. Babylon Bank vice president Mazan Abdul Razak said that in this bank, female customers can take off the veil and enjoy full freedom in conducting business.
- The interviewed Iraqi women said that they would feel uncomfortable when dealing with male bank staff in ordinary banks, and feel more relaxed in this newly opened branch. After the bank opened, only a few male journalists were able to conduct interviews and reports, reflecting to a certain extent
- On October 29, 2009, according to Reuters, the Babylonian Private Bank opened a women's exclusive bank in Najaf, a Shiite holy city in Iraq, to open up a potential market to meet the needs of Muslim women for banking. President Abdul Aziz Hasson of the Federation of Iraqi Private Banks said that if the women-only bank operates successfully, other banks may follow suit.