Bangladesh Bank Training Academy Journal

Abstract

The study observes that there is a sustainability risk of school banking product. Such a risk has become a prestige concern to Islami Bank Bangladesh Limited, the largest private commercial bank in Bangladesh. Because recently the Bank has got the crest for contribution in school banking. Therefore the school banking of the IBBL has been undertaken as a case study for sustainability analysis of it. The study uses a cluster randomized design, with 50 schools randomly selected from the IBBL Chittagong zone. Data are from baseline survey with 1,515 student and 1,137 parents and guardians of the students who are from three levels: Primary, Junior High School, and High School. This research focuses on the financial knowledge, attitudes, and socialization of students under school banking of the IBBL as well as the financial knowledge of their parents and guardians with a view to understanding and increasing the students’ ‘financial capability’ on which the sustainability of the school bankin depends. Finally, it suggests four measures to increase the sustainability of the school banking product.