Report: Four in five households in Bangladesh have access to financial services
Wednesday, August 19, 2015
Four in five households in Bangladesh have access to financial services, thanks to improvements in the networks of banks and microfinance institutions as well as a booming mobile banking segment, according to a new study.
Access to financial services, including insurance, stood at over 79 percent in 2014, compared to 77 percent in 2010, the study by Institute of Microfinance (InM), a microcredit think-tank, showed.
Barisal division, at 89.74 percent, has the highest percentage of households with access to finance, followed by Khulna with 85.44 percent, Rangpur 84.19 percent, Rajshahi 83.63 percent, Chittagong 75.62 percent, Dhaka 74.02 percent and Sylhet 73.87 percent.
The InM conducted the study between 2010 and 2014 to measure financial inclusion in Bangladesh, covering all seven divisions except Rangamati.
The paper was presented at a seminar at the national convention on 'Inclusive Finance in Bangladesh' at Bangabandhu International Conference Centre in Dhaka yesterday.