Banking Service Sees Greater Penetration To Rural Areas

Apr 29, 2017

Banks and banking services have experienced a greater penetration to rural areas bringing more people under the financial inclusion net over the last five years, from 2010-2015.

According to a recent study conducted by the General Economics Division of the Planning Commission that highlighted the government's financial inclusion efforts, the access to and use of formal banking services at the rural and sub-district level improved substantially between 2010 and 2015.

The study titled'Banking Atlas explored eight major banking variables from 2010 to 2015. Here are the highlights:

  • The number of branches increased at the Upazila level during the time. The average number of branches per square kilometer rose to 0.86 from 0.71.
  • The average number of branches per 100,000 adults went up to 11.34 in 2015 from 9.25 in 2010.
  • The average size of deposits and loans also witnessed a significant rise. An adult's bank deposit nearly trebled to BDT 118,050 in 2015 from BDT 44,500 in 2010.
  • The loan per also account increased to BDT 24,970 from BDT 17,170.

Register to read this article in full and more insight articles!

By registering, you will be signed-up for an account which gives you access to our premium stories published a few times a week and archives of all our premium stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account. We have a strong privacy policy. We will never share or sell your data to anyone.

What you get
In-depth actionable analysis

In-depth analysis on startup, business and technology scene in Bangladesh that you would not find anywhere else.
Daily and weekly newsletter
Get our daily and weekly newsletter with our most important stories directly to your inbox.

About FS

Contact Us