Mozambique : Financial Sector Assessment
Mozambique's overall macroeconomic performance in recent years has been impressive. Macroeconomic stability, a sustained structural reform effort, substantial foreign aid flows and, until recently, a benign international environment has genera...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/11/11465530/mozambique-financial-sector-assessment http://hdl.handle.net/10986/15920 |
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okr-10986-15920 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNT HOLDERS ACCOUNT MAINTENANCE ACCOUNTABILITY ACCOUNTING ANTI-MONEY LAUNDERING ASSET RATIO ATM PENETRATION AUDITING AUTOMATIC TELLER BACKED SECURITIES BAD DEBTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK ASSETS BANK BRANCHES BANK CHARTERS BANK DEPOSITS BANK FEES BANK LOAN BANK OF PORTUGAL BANK OFFICES BANK SUPERVISION BANKING LAW BANKING REGULATION BANKING SECTOR BANKING SERVICE BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BARRIERS TO ENTRY BASLE CORE PRINCIPLES BORROWER BORROWING BORROWING COSTS BUSINESS PLANS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL REQUIREMENTS CASH FLOW CASH MANAGEMENT CASH WITHDRAWALS CENTRAL SECURITIES DEPOSITORY CHEQUE PAYMENT CIVIL SERVICE COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CONSUMER PROTECTION COOPERATIVES CORRESPONDENT BANKS CREDIT ACCESS CREDIT BUREAU CREDIT INSTITUTIONS CREDIT OFFICERS CREDIT PORTFOLIO CREDIT PROVISION CREDIT REGISTRIES CREDIT REGISTRY CREDIT RISK CREDIT RISK MANAGEMENT CREDIT RISKS CREDITORS CREDITS DEBIT CARD DEBT DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSIT VOLUME DEPOSITORS DEPOSITS DIVERSIFICATION DONOR FUNDS EARNINGS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIES OF SCALE ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER EMPLOYEE EXCHANGE RATE FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL DEEPENING FINANCIAL DISTRESS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL RESOURCES FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDER FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FIXED RATE FOREIGN ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES HIGH INTEREST RATES HUMAN CAPITAL INFLATION INFORMATION INFRASTRUCTURE INFORMATION TECHNOLOGY INPUT PRICES INSTALLMENTS INSTITUTIONAL CAPACITY INTEREST INCOME INTEREST MARGIN INTEREST RATE INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL STATISTICS KEY CHALLENGES LACK OF INFORMATION LAWS LEGAL FRAMEWORK LEGISLATION LENDING INSTITUTIONS LINE OF CREDIT LINES OF CREDIT LIQUID ASSETS LIQUIDITY LIQUIDITY ASSISTANCE LIQUIDITY RISK LOAN LOAN CLASSIFICATION LOAN LOSS PROVISIONS LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRINCIPAL LOAN SIZE LOAN SIZES LOAN-TO-DEPOSIT RATIO MACROECONOMIC STABILITY MARKET RISK MATURITIES MFI MFIS MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR NET OPERATING INCOME NONPERFORMING LOAN NPL OFFSITE SUPERVISION OPERATIONAL RISK OUTREACH OUTSTANDING BALANCE OUTSTANDING LOAN OVERDRAFT OVERHEAD COSTS PAYMENT SERVICES PAYMENT SYSTEMS PENSION FUND PENSION FUNDS PENSIONS POINT OF SALE PRIVATE CREDIT PRIVATIZATIONS PROBLEM BANKS PRODUCTIVITY PROFIT MARGIN PROFITABILITY PRUDENTIAL REGULATIONS REAL SECTOR REGULATORY FRAMEWORK REPAYMENT RESERVE REQUIREMENT RESERVE REQUIREMENTS RETAINED EARNINGS RETURN RETURN ON ASSETS RISK MANAGEMENT RURAL BRANCH SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SECURITIES SETTLEMENT SMALL BANK SOCIAL SECURITY SOLVENCY STOCK EXCHANGE SYSTEMIC RISK TAX ADMINISTRATION TAX INCENTIVES TAXATION TECHNICAL ASSISTANCE TREASURY TREASURY BILL TREASURY BILLS TREASURY BOND URBAN AREAS WHOLESALE FUNDING |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNT HOLDERS ACCOUNT MAINTENANCE ACCOUNTABILITY ACCOUNTING ANTI-MONEY LAUNDERING ASSET RATIO ATM PENETRATION AUDITING AUTOMATIC TELLER BACKED SECURITIES BAD DEBTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK ASSETS BANK BRANCHES BANK CHARTERS BANK DEPOSITS BANK FEES BANK LOAN BANK OF PORTUGAL BANK OFFICES BANK SUPERVISION BANKING LAW BANKING REGULATION BANKING SECTOR BANKING SERVICE BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BARRIERS TO ENTRY BASLE CORE PRINCIPLES BORROWER BORROWING BORROWING COSTS BUSINESS PLANS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL REQUIREMENTS CASH FLOW CASH MANAGEMENT CASH WITHDRAWALS CENTRAL SECURITIES DEPOSITORY CHEQUE PAYMENT CIVIL SERVICE COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CONSUMER PROTECTION COOPERATIVES CORRESPONDENT BANKS CREDIT ACCESS CREDIT BUREAU CREDIT INSTITUTIONS CREDIT OFFICERS CREDIT PORTFOLIO CREDIT PROVISION CREDIT REGISTRIES CREDIT REGISTRY CREDIT RISK CREDIT RISK MANAGEMENT CREDIT RISKS CREDITORS CREDITS DEBIT CARD DEBT DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSIT VOLUME DEPOSITORS DEPOSITS DIVERSIFICATION DONOR FUNDS EARNINGS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIES OF SCALE ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER EMPLOYEE EXCHANGE RATE FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL DEEPENING FINANCIAL DISTRESS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL RESOURCES FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDER FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FIXED RATE FOREIGN ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES HIGH INTEREST RATES HUMAN CAPITAL INFLATION INFORMATION INFRASTRUCTURE INFORMATION TECHNOLOGY INPUT PRICES INSTALLMENTS INSTITUTIONAL CAPACITY INTEREST INCOME INTEREST MARGIN INTEREST RATE INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL STATISTICS KEY CHALLENGES LACK OF INFORMATION LAWS LEGAL FRAMEWORK LEGISLATION LENDING INSTITUTIONS LINE OF CREDIT LINES OF CREDIT LIQUID ASSETS LIQUIDITY LIQUIDITY ASSISTANCE LIQUIDITY RISK LOAN LOAN CLASSIFICATION LOAN LOSS PROVISIONS LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRINCIPAL LOAN SIZE LOAN SIZES LOAN-TO-DEPOSIT RATIO MACROECONOMIC STABILITY MARKET RISK MATURITIES MFI MFIS MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR NET OPERATING INCOME NONPERFORMING LOAN NPL OFFSITE SUPERVISION OPERATIONAL RISK OUTREACH OUTSTANDING BALANCE OUTSTANDING LOAN OVERDRAFT OVERHEAD COSTS PAYMENT SERVICES PAYMENT SYSTEMS PENSION FUND PENSION FUNDS PENSIONS POINT OF SALE PRIVATE CREDIT PRIVATIZATIONS PROBLEM BANKS PRODUCTIVITY PROFIT MARGIN PROFITABILITY PRUDENTIAL REGULATIONS REAL SECTOR REGULATORY FRAMEWORK REPAYMENT RESERVE REQUIREMENT RESERVE REQUIREMENTS RETAINED EARNINGS RETURN RETURN ON ASSETS RISK MANAGEMENT RURAL BRANCH SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SECURITIES SETTLEMENT SMALL BANK SOCIAL SECURITY SOLVENCY STOCK EXCHANGE SYSTEMIC RISK TAX ADMINISTRATION TAX INCENTIVES TAXATION TECHNICAL ASSISTANCE TREASURY TREASURY BILL TREASURY BILLS TREASURY BOND URBAN AREAS WHOLESALE FUNDING World Bank Mozambique : Financial Sector Assessment |
| geographic_facet |
Africa Mozambique |
| description |
Mozambique's overall macroeconomic
performance in recent years has been impressive.
Macroeconomic stability, a sustained structural reform
effort, substantial foreign aid flows and, until recently, a
benign international environment has generated an average
annual real gross domestic product (GDP) growth rate of 7½
percent for most of the past decade. While inflation has
been relatively high (around 10 percent annually) and
volatile in recent years, reflecting the predominance of
food (52 percent) and energy (23 percent) in the consumer
basket, underlying inflationary pressures appear to be
contained. As a result, the banking sector's soundness,
in particular asset quality, improved substantially. Between
end-2003 and 2008, non-performing loans (NPLs) for the
system as a whole declined dramatically (from 14.4 to 2.9
percent), largely reflecting the restructuring of problem
banks and assets and a supportive macroeconomic environment.
This Financial Sector Assessment (FSA) focuses on the key
developmental challenges still facing the Mozambican
financial sector. Section two provides an assessment of the
structure and performance of the banking sector and the main
impediments to financial deepening and outreach. Section
three presents the state of development and key challenges
in the pension and insurance sectors, respectively. Section
four assesses the payments system infrastructure. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mozambique : Financial Sector Assessment |
| title_short |
Mozambique : Financial Sector Assessment |
| title_full |
Mozambique : Financial Sector Assessment |
| title_fullStr |
Mozambique : Financial Sector Assessment |
| title_full_unstemmed |
Mozambique : Financial Sector Assessment |
| title_sort |
mozambique : financial sector assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2009/11/11465530/mozambique-financial-sector-assessment http://hdl.handle.net/10986/15920 |
| _version_ |
1764431269112840192 |
| spelling |
okr-10986-159202021-04-23T14:03:22Z Mozambique : Financial Sector Assessment World Bank ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNT HOLDERS ACCOUNT MAINTENANCE ACCOUNTABILITY ACCOUNTING ANTI-MONEY LAUNDERING ASSET RATIO ATM PENETRATION AUDITING AUTOMATIC TELLER BACKED SECURITIES BAD DEBTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK ASSETS BANK BRANCHES BANK CHARTERS BANK DEPOSITS BANK FEES BANK LOAN BANK OF PORTUGAL BANK OFFICES BANK SUPERVISION BANKING LAW BANKING REGULATION BANKING SECTOR BANKING SERVICE BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BARRIERS TO ENTRY BASLE CORE PRINCIPLES BORROWER BORROWING BORROWING COSTS BUSINESS PLANS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL REQUIREMENTS CASH FLOW CASH MANAGEMENT CASH WITHDRAWALS CENTRAL SECURITIES DEPOSITORY CHEQUE PAYMENT CIVIL SERVICE COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CONSUMER PROTECTION COOPERATIVES CORRESPONDENT BANKS CREDIT ACCESS CREDIT BUREAU CREDIT INSTITUTIONS CREDIT OFFICERS CREDIT PORTFOLIO CREDIT PROVISION CREDIT REGISTRIES CREDIT REGISTRY CREDIT RISK CREDIT RISK MANAGEMENT CREDIT RISKS CREDITORS CREDITS DEBIT CARD DEBT DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSIT VOLUME DEPOSITORS DEPOSITS DIVERSIFICATION DONOR FUNDS EARNINGS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIES OF SCALE ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER EMPLOYEE EXCHANGE RATE FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL DEEPENING FINANCIAL DISTRESS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL RESOURCES FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDER FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FIXED RATE FOREIGN ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES HIGH INTEREST RATES HUMAN CAPITAL INFLATION INFORMATION INFRASTRUCTURE INFORMATION TECHNOLOGY INPUT PRICES INSTALLMENTS INSTITUTIONAL CAPACITY INTEREST INCOME INTEREST MARGIN INTEREST RATE INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL STATISTICS KEY CHALLENGES LACK OF INFORMATION LAWS LEGAL FRAMEWORK LEGISLATION LENDING INSTITUTIONS LINE OF CREDIT LINES OF CREDIT LIQUID ASSETS LIQUIDITY LIQUIDITY ASSISTANCE LIQUIDITY RISK LOAN LOAN CLASSIFICATION LOAN LOSS PROVISIONS LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRINCIPAL LOAN SIZE LOAN SIZES LOAN-TO-DEPOSIT RATIO MACROECONOMIC STABILITY MARKET RISK MATURITIES MFI MFIS MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR NET OPERATING INCOME NONPERFORMING LOAN NPL OFFSITE SUPERVISION OPERATIONAL RISK OUTREACH OUTSTANDING BALANCE OUTSTANDING LOAN OVERDRAFT OVERHEAD COSTS PAYMENT SERVICES PAYMENT SYSTEMS PENSION FUND PENSION FUNDS PENSIONS POINT OF SALE PRIVATE CREDIT PRIVATIZATIONS PROBLEM BANKS PRODUCTIVITY PROFIT MARGIN PROFITABILITY PRUDENTIAL REGULATIONS REAL SECTOR REGULATORY FRAMEWORK REPAYMENT RESERVE REQUIREMENT RESERVE REQUIREMENTS RETAINED EARNINGS RETURN RETURN ON ASSETS RISK MANAGEMENT RURAL BRANCH SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SECURITIES SETTLEMENT SMALL BANK SOCIAL SECURITY SOLVENCY STOCK EXCHANGE SYSTEMIC RISK TAX ADMINISTRATION TAX INCENTIVES TAXATION TECHNICAL ASSISTANCE TREASURY TREASURY BILL TREASURY BILLS TREASURY BOND URBAN AREAS WHOLESALE FUNDING Mozambique's overall macroeconomic performance in recent years has been impressive. Macroeconomic stability, a sustained structural reform effort, substantial foreign aid flows and, until recently, a benign international environment has generated an average annual real gross domestic product (GDP) growth rate of 7½ percent for most of the past decade. While inflation has been relatively high (around 10 percent annually) and volatile in recent years, reflecting the predominance of food (52 percent) and energy (23 percent) in the consumer basket, underlying inflationary pressures appear to be contained. As a result, the banking sector's soundness, in particular asset quality, improved substantially. Between end-2003 and 2008, non-performing loans (NPLs) for the system as a whole declined dramatically (from 14.4 to 2.9 percent), largely reflecting the restructuring of problem banks and assets and a supportive macroeconomic environment. This Financial Sector Assessment (FSA) focuses on the key developmental challenges still facing the Mozambican financial sector. Section two provides an assessment of the structure and performance of the banking sector and the main impediments to financial deepening and outreach. Section three presents the state of development and key challenges in the pension and insurance sectors, respectively. Section four assesses the payments system infrastructure. 2013-09-27T19:41:05Z 2013-09-27T19:41:05Z 2009-11 http://documents.worldbank.org/curated/en/2009/11/11465530/mozambique-financial-sector-assessment http://hdl.handle.net/10986/15920 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Africa Mozambique |