Banks are focusing on increasing the uptake of financial products by women through reviewing lending terms and conditions for opening bank accounts.

Information released at a women excel conference indicate that men are dominating banking sector accounts, loans, savings and products.

Despite banking sector deposits hovering at more than $4 billion, women account for at least 30 percent. 

Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Jesimen Chipika said regulatory authorities are in talks with banks to increase access to financial services by women.

“We are doing our best to work with the authorities and ensure that there is an increased uptake of the services in the near future,” Dr Chipika said.

Zimbabwe has introduced a financial inclusion strategy to ensure banks offer affordable products and services to youths, women, the marginalized communities and the disabled, among others.