Banking in Africa

This paper takes stock of the current state of banking systems across Sub-Saharan Africa and discusses recent developments including innovations that might help Africa leapfrog more traditional banking models. Using an array of different data, the...

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Main Authors:	Beck, Thorsten, Cull, Robert
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO BANKING ACCESS TO BANKING SERVICES ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL FINANCE ACCOUNT HOLDERS APPLICATION PROCEDURES BALANCE SHEET BALANCE SHEETS BANK BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK COMPETITION BANK CREDIT BANK DEPOSITS BANK OFFICES BANKING CRISES BANKING MODELS BANKING SECTOR BANKING SECTOR DEVELOPMENT BANKING SYSTEM BANKING SYSTEMS BANKS BIAS BOND MARKET BORROWER BORROWERS BORROWING BRIBES BUSINESS OWNERS BUSINESS TRANSACTIONS CAPITAL CAPITAL MARKETS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS CONSUMER CREDIT CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS COOPERATION COOPERATIVES CORPORATE FINANCE COST OF CREDIT CREDIT CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT LEVELS CREDIT MARKET CREDIT MARKETS CREDIT PRODUCTS CREDIT PROVISION CREDIT REGISTRIES CREDIT REGISTRY CREDIT UNIONS CREDITOR CROSS-BORDER BANKING CURRENT ACCOUNT DEMAND FOR SAVINGS DEPOSIT DIRECT DEPOSIT ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ELECTRONIC PAYMENT ELECTRONIC TRANSFERS EMPLOYMENT STATUS ENDOWMENT ENTERPRISE ENTERPRISE ACCESS ENTERPRISE REGISTRATION ENTERPRISES EQUITY EQUITY FINANCE EQUITY FUNDS EXPENDITURES FARMERS FEMALE BUSINESS FINANCE FINANCIAL ACCOUNT FINANCIAL ACCOUNTS FINANCIAL DEEPENING FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL GLOBALIZATION FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REGULATION FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SERVICES PROVIDERS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FINANCING FINANCING NEEDS FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL BANK FORMAL FINANCE FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GENDER GENDER GAP GENDER GAPS GEOGRAPHIC BARRIERS GOVERNANCE GOVERNMENT INTERVENTIONS GOVERNMENTS GUARANTEES HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLD HOUSEHOLD ACCESS HOUSEHOLD INCOME HOUSEHOLDS HOUSING FINANCE INDICATORS OF ACCESS INFLATION INFORMAL FINANCE INFORMAL SAVINGS INFORMATION SHARING INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE POLICY INTEREST INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERESTS INTERNATIONAL BANK INTERNATIONAL BANKS KNOWN STUDIES LAND LENDING TECHNIQUES LINE OF CREDIT LOAN LOAN APPLICATION LOAN PORTFOLIO LOAN PRODUCT LOAN SIZE LOANS MACROECONOMICS MAINSTREAM BANK MARGINAL REVENUE MATURITIES MFI MFIS MICRO-CREDIT MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MONEY TRANSFER MORAL HAZARD MORTGAGE MORTGAGES MUTUAL FUNDS OPERATING COSTS OUTREACH OVERHEAD COSTS PARTIAL CREDIT PAYMENT PAYMENT SERVICES PAYMENTS PAYMENTS INFRASTRUCTURE PENSION FUNDS PEOPLE PRIVATE CREDIT PRIVATE EQUITY PRIVATIZATION PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROPERTY REAL SECTOR REMITTANCES REPAYMENT REPAYMENT RATES RESERVE REQUIREMENTS RETAIL BUSINESSES RETURN ON ASSETS RETURN ON INVESTMENT REVENUE RISK RISK MANAGEMENT RISK MITIGATION RURAL BANK RURAL BANKS SAVINGS ACCOUNT SAVINGS INSTITUTIONS SAVINGS MECHANISMS SAVINGS PRODUCTS SECURITIES SMALL BUSINESS SMALL BUSINESS LENDING SMALL ENTERPRISES SOCIAL BANKING SOCIAL NETWORKS STRATEGIES TRANSACTION COSTS URBAN AREAS VALUE VILLAGES WITHDRAWAL FEES WOMEN WOMEN BORROWERS financial inclusion
Online Access:	http://documents.worldbank.org/curated/en/2013/10/18464500/banking-africa http://hdl.handle.net/10986/16899

id	okr-10986-16899
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 BANKING ACCESS TO BANKING SERVICES ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL FINANCE ACCOUNT HOLDERS APPLICATION PROCEDURES BALANCE SHEET BALANCE SHEETS BANK BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK COMPETITION BANK CREDIT BANK DEPOSITS BANK OFFICES BANKING CRISES BANKING MODELS BANKING SECTOR BANKING SECTOR DEVELOPMENT BANKING SYSTEM BANKING SYSTEMS BANKS BIAS BOND MARKET BORROWER BORROWERS BORROWING BRIBES BUSINESS OWNERS BUSINESS TRANSACTIONS CAPITAL CAPITAL MARKETS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS CONSUMER CREDIT CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS COOPERATION COOPERATIVES CORPORATE FINANCE COST OF CREDIT CREDIT CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT LEVELS CREDIT MARKET CREDIT MARKETS CREDIT PRODUCTS CREDIT PROVISION CREDIT REGISTRIES CREDIT REGISTRY CREDIT UNIONS CREDITOR CROSS-BORDER BANKING CURRENT ACCOUNT DEMAND FOR SAVINGS DEPOSIT DIRECT DEPOSIT ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ELECTRONIC PAYMENT ELECTRONIC TRANSFERS EMPLOYMENT STATUS ENDOWMENT ENTERPRISE ENTERPRISE ACCESS ENTERPRISE REGISTRATION ENTERPRISES EQUITY EQUITY FINANCE EQUITY FUNDS EXPENDITURES FARMERS FEMALE BUSINESS FINANCE FINANCIAL ACCOUNT FINANCIAL ACCOUNTS FINANCIAL DEEPENING FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL GLOBALIZATION FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REGULATION FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SERVICES PROVIDERS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FINANCING FINANCING NEEDS FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL BANK FORMAL FINANCE FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GENDER GENDER GAP GENDER GAPS GEOGRAPHIC BARRIERS GOVERNANCE GOVERNMENT INTERVENTIONS GOVERNMENTS GUARANTEES HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLD HOUSEHOLD ACCESS HOUSEHOLD INCOME HOUSEHOLDS HOUSING FINANCE INDICATORS OF ACCESS INFLATION INFORMAL FINANCE INFORMAL SAVINGS INFORMATION SHARING INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE POLICY INTEREST INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERESTS INTERNATIONAL BANK INTERNATIONAL BANKS KNOWN STUDIES LAND LENDING TECHNIQUES LINE OF CREDIT LOAN LOAN APPLICATION LOAN PORTFOLIO LOAN PRODUCT LOAN SIZE LOANS MACROECONOMICS MAINSTREAM BANK MARGINAL REVENUE MATURITIES MFI MFIS MICRO-CREDIT MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MONEY TRANSFER MORAL HAZARD MORTGAGE MORTGAGES MUTUAL FUNDS OPERATING COSTS OUTREACH OVERHEAD COSTS PARTIAL CREDIT PAYMENT PAYMENT SERVICES PAYMENTS PAYMENTS INFRASTRUCTURE PENSION FUNDS PEOPLE PRIVATE CREDIT PRIVATE EQUITY PRIVATIZATION PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROPERTY REAL SECTOR REMITTANCES REPAYMENT REPAYMENT RATES RESERVE REQUIREMENTS RETAIL BUSINESSES RETURN ON ASSETS RETURN ON INVESTMENT REVENUE RISK RISK MANAGEMENT RISK MITIGATION RURAL BANK RURAL BANKS SAVINGS ACCOUNT SAVINGS INSTITUTIONS SAVINGS MECHANISMS SAVINGS PRODUCTS SECURITIES SMALL BUSINESS SMALL BUSINESS LENDING SMALL ENTERPRISES SOCIAL BANKING SOCIAL NETWORKS STRATEGIES TRANSACTION COSTS URBAN AREAS VALUE VILLAGES WITHDRAWAL FEES WOMEN WOMEN BORROWERS financial inclusion
spellingShingle	ACCESS TO BANKING ACCESS TO BANKING SERVICES ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL FINANCE ACCOUNT HOLDERS APPLICATION PROCEDURES BALANCE SHEET BALANCE SHEETS BANK BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK COMPETITION BANK CREDIT BANK DEPOSITS BANK OFFICES BANKING CRISES BANKING MODELS BANKING SECTOR BANKING SECTOR DEVELOPMENT BANKING SYSTEM BANKING SYSTEMS BANKS BIAS BOND MARKET BORROWER BORROWERS BORROWING BRIBES BUSINESS OWNERS BUSINESS TRANSACTIONS CAPITAL CAPITAL MARKETS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS CONSUMER CREDIT CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS COOPERATION COOPERATIVES CORPORATE FINANCE COST OF CREDIT CREDIT CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT LEVELS CREDIT MARKET CREDIT MARKETS CREDIT PRODUCTS CREDIT PROVISION CREDIT REGISTRIES CREDIT REGISTRY CREDIT UNIONS CREDITOR CROSS-BORDER BANKING CURRENT ACCOUNT DEMAND FOR SAVINGS DEPOSIT DIRECT DEPOSIT ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ELECTRONIC PAYMENT ELECTRONIC TRANSFERS EMPLOYMENT STATUS ENDOWMENT ENTERPRISE ENTERPRISE ACCESS ENTERPRISE REGISTRATION ENTERPRISES EQUITY EQUITY FINANCE EQUITY FUNDS EXPENDITURES FARMERS FEMALE BUSINESS FINANCE FINANCIAL ACCOUNT FINANCIAL ACCOUNTS FINANCIAL DEEPENING FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL GLOBALIZATION FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REGULATION FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SERVICES PROVIDERS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FINANCING FINANCING NEEDS FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL BANK FORMAL FINANCE FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GENDER GENDER GAP GENDER GAPS GEOGRAPHIC BARRIERS GOVERNANCE GOVERNMENT INTERVENTIONS GOVERNMENTS GUARANTEES HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLD HOUSEHOLD ACCESS HOUSEHOLD INCOME HOUSEHOLDS HOUSING FINANCE INDICATORS OF ACCESS INFLATION INFORMAL FINANCE INFORMAL SAVINGS INFORMATION SHARING INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE POLICY INTEREST INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERESTS INTERNATIONAL BANK INTERNATIONAL BANKS KNOWN STUDIES LAND LENDING TECHNIQUES LINE OF CREDIT LOAN LOAN APPLICATION LOAN PORTFOLIO LOAN PRODUCT LOAN SIZE LOANS MACROECONOMICS MAINSTREAM BANK MARGINAL REVENUE MATURITIES MFI MFIS MICRO-CREDIT MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MONEY TRANSFER MORAL HAZARD MORTGAGE MORTGAGES MUTUAL FUNDS OPERATING COSTS OUTREACH OVERHEAD COSTS PARTIAL CREDIT PAYMENT PAYMENT SERVICES PAYMENTS PAYMENTS INFRASTRUCTURE PENSION FUNDS PEOPLE PRIVATE CREDIT PRIVATE EQUITY PRIVATIZATION PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROPERTY REAL SECTOR REMITTANCES REPAYMENT REPAYMENT RATES RESERVE REQUIREMENTS RETAIL BUSINESSES RETURN ON ASSETS RETURN ON INVESTMENT REVENUE RISK RISK MANAGEMENT RISK MITIGATION RURAL BANK RURAL BANKS SAVINGS ACCOUNT SAVINGS INSTITUTIONS SAVINGS MECHANISMS SAVINGS PRODUCTS SECURITIES SMALL BUSINESS SMALL BUSINESS LENDING SMALL ENTERPRISES SOCIAL BANKING SOCIAL NETWORKS STRATEGIES TRANSACTION COSTS URBAN AREAS VALUE VILLAGES WITHDRAWAL FEES WOMEN WOMEN BORROWERS financial inclusion Beck, Thorsten Cull, Robert Banking in Africa
geographic_facet	Africa Sub-Saharan Africa
relation	Policy Research Working Paper;No. 6684
description	This paper takes stock of the current state of banking systems across Sub-Saharan Africa and discusses recent developments including innovations that might help Africa leapfrog more traditional banking models. Using an array of different data, the paper documents that African banking systems are shallow but stable. African banks are well capitalized and over-liquid, but lend less to the private sector than banks in non-African developing countries. African enterprises and households are less likely to use financial services than their peers in other developing countries. The paper also describes a number of financial innovations across the continent that can help overcome different barriers to financial inclusion and have helped to expand the bankable and the banked population.
format	Publications & Research :: Policy Research Working Paper
author	Beck, Thorsten Cull, Robert
author_facet	Beck, Thorsten Cull, Robert
author_sort	Beck, Thorsten
title	Banking in Africa
title_short	Banking in Africa
title_full	Banking in Africa
title_fullStr	Banking in Africa
title_full_unstemmed	Banking in Africa
title_sort	banking in africa
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2013/10/18464500/banking-africa http://hdl.handle.net/10986/16899
_version_	1764434853549309952
spelling	okr-10986-168992021-04-23T14:03:32Z Banking in Africa Beck, Thorsten Cull, Robert ACCESS TO BANKING ACCESS TO BANKING SERVICES ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL FINANCE ACCOUNT HOLDERS APPLICATION PROCEDURES BALANCE SHEET BALANCE SHEETS BANK BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK COMPETITION BANK CREDIT BANK DEPOSITS BANK OFFICES BANKING CRISES BANKING MODELS BANKING SECTOR BANKING SECTOR DEVELOPMENT BANKING SYSTEM BANKING SYSTEMS BANKS BIAS BOND MARKET BORROWER BORROWERS BORROWING BRIBES BUSINESS OWNERS BUSINESS TRANSACTIONS CAPITAL CAPITAL MARKETS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS CONSUMER CREDIT CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS COOPERATION COOPERATIVES CORPORATE FINANCE COST OF CREDIT CREDIT CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT LEVELS CREDIT MARKET CREDIT MARKETS CREDIT PRODUCTS CREDIT PROVISION CREDIT REGISTRIES CREDIT REGISTRY CREDIT UNIONS CREDITOR CROSS-BORDER BANKING CURRENT ACCOUNT DEMAND FOR SAVINGS DEPOSIT DIRECT DEPOSIT ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ELECTRONIC PAYMENT ELECTRONIC TRANSFERS EMPLOYMENT STATUS ENDOWMENT ENTERPRISE ENTERPRISE ACCESS ENTERPRISE REGISTRATION ENTERPRISES EQUITY EQUITY FINANCE EQUITY FUNDS EXPENDITURES FARMERS FEMALE BUSINESS FINANCE FINANCIAL ACCOUNT FINANCIAL ACCOUNTS FINANCIAL DEEPENING FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL GLOBALIZATION FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REGULATION FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SERVICES PROVIDERS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FINANCING FINANCING NEEDS FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL BANK FORMAL FINANCE FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GENDER GENDER GAP GENDER GAPS GEOGRAPHIC BARRIERS GOVERNANCE GOVERNMENT INTERVENTIONS GOVERNMENTS GUARANTEES HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLD HOUSEHOLD ACCESS HOUSEHOLD INCOME HOUSEHOLDS HOUSING FINANCE INDICATORS OF ACCESS INFLATION INFORMAL FINANCE INFORMAL SAVINGS INFORMATION SHARING INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE POLICY INTEREST INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERESTS INTERNATIONAL BANK INTERNATIONAL BANKS KNOWN STUDIES LAND LENDING TECHNIQUES LINE OF CREDIT LOAN LOAN APPLICATION LOAN PORTFOLIO LOAN PRODUCT LOAN SIZE LOANS MACROECONOMICS MAINSTREAM BANK MARGINAL REVENUE MATURITIES MFI MFIS MICRO-CREDIT MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MONEY TRANSFER MORAL HAZARD MORTGAGE MORTGAGES MUTUAL FUNDS OPERATING COSTS OUTREACH OVERHEAD COSTS PARTIAL CREDIT PAYMENT PAYMENT SERVICES PAYMENTS PAYMENTS INFRASTRUCTURE PENSION FUNDS PEOPLE PRIVATE CREDIT PRIVATE EQUITY PRIVATIZATION PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROPERTY REAL SECTOR REMITTANCES REPAYMENT REPAYMENT RATES RESERVE REQUIREMENTS RETAIL BUSINESSES RETURN ON ASSETS RETURN ON INVESTMENT REVENUE RISK RISK MANAGEMENT RISK MITIGATION RURAL BANK RURAL BANKS SAVINGS ACCOUNT SAVINGS INSTITUTIONS SAVINGS MECHANISMS SAVINGS PRODUCTS SECURITIES SMALL BUSINESS SMALL BUSINESS LENDING SMALL ENTERPRISES SOCIAL BANKING SOCIAL NETWORKS STRATEGIES TRANSACTION COSTS URBAN AREAS VALUE VILLAGES WITHDRAWAL FEES WOMEN WOMEN BORROWERS financial inclusion This paper takes stock of the current state of banking systems across Sub-Saharan Africa and discusses recent developments including innovations that might help Africa leapfrog more traditional banking models. Using an array of different data, the paper documents that African banking systems are shallow but stable. African banks are well capitalized and over-liquid, but lend less to the private sector than banks in non-African developing countries. African enterprises and households are less likely to use financial services than their peers in other developing countries. The paper also describes a number of financial innovations across the continent that can help overcome different barriers to financial inclusion and have helped to expand the bankable and the banked population. 2014-02-04T21:00:51Z 2014-02-04T21:00:51Z 2013-10 http://documents.worldbank.org/curated/en/2013/10/18464500/banking-africa http://hdl.handle.net/10986/16899 English en_US Policy Research Working Paper;No. 6684 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Africa Sub-Saharan Africa

Banking in Africa

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