VOICED: Banking on women in Iraq

In Najaf, Iraq, a new bank branch exclusively for women has opened, featuring an all-female staff and clientele. The bank offers savings and current accounts in both Iraqi dinars and dollars, as well as loans for women. Within a week of opening, 50 women had signed up, with expectations of reaching 200 clients within a year. The bank's success is partly due to Najaf's status as a religious and economic hub. The initiative aims to empower women financially while respecting cultural norms. If successful, the bank plans to expand to other Iraqi cities.

What is unique about the bank in Najaf?

• It offers cryptocurrency services.

• It is open 24/7.

• It is the largest bank in Iraq.

• It only serves female clients and is staffed by women.

What services does the bank offer?

• Only loans

• Investment advice

• Savings and current accounts, and loans

• Only savings accounts

What contributed to the bank's early success?

• High interest rates on savings

• Celebrity endorsements

• The religious significance and economic growth of Najaf

• Its location in a shopping mall

How does the bank aim to support women?

• By providing a comfortable environment and financial independence

• By giving discounts on loans

• By offering free financial education

• By offering free childcare services

What are the future plans for the bank?

• To introduce online banking

• To expand to other cities in Iraq

• To open branches in Europe

• To start a mobile banking app