The National Bank has sought to contribute to the financial inclusion of Palestinian women since 2015, and has released its first specialized product, offering free-interest rate loan funding to women-led SMEs for a total sum of USD3.5 million. The National Bank has worked tirelessly to raise awareness on banking services among this vast segment of the community, with a focus on Palestinian suburbs and underserved areas.
The National Bank succeeded in raising the number of accounts held by women constituting 35.5% of its total clients at year-end 2019, while women-held savings accounts at TNB made 64% of the total savers. Whereas the ratio of female savers in Palestine recorded 6.4% only.
In terms of MSME loans, TNB female borrowers recorded 25% from the portfolio at year-end 2019, compared to 4% only in the country.
TNB Gender financial inclusion ratios:
| Year | Female Current Accounts | Female Savings Accounts | Female MSMEs loans | Female Clients |
|---|---|---|---|---|
| 2017 | 22.2% | 51% | 21% | 32% |
| 2018 | 25% | 55% | 22% | 34% |
| 2019 | 26% | 64% | 25% | 34.5% |
| Gender Financial inclusion ratios in Palestine | 11.4% | 6.4% | 4% | 15.4% |