Tuesday, October 20, 2009

Iraq: Women Only Bank

From Associated Press:
An Iraqi bank has opened a branch entirely dedicated to and operated by women in the holy Shiite Muslim city of Najaf, its chief, who admitted even he could not enter, told AFP Monday.

Abdel Razzaq Mansur, the chief executive of Babylon Bank, said the branch which opened on Sunday had so far worked with 50 clients and expected to be dealing with about 200 within a year.

"In Najaf, there are many women who are business women, and they have companies in many different lines of work," he said, noting the branch's 25-strong staff were composed entirely of women.

The only men working for the branch were special security guards stationed outside the bank on the street, Mansur said.

It will provide loans, investments, deposits and savings in both Iraqi dinars and US dollars.

No comments: