Mali Financial Sector Assessment Program : Housing Finance
The housing finance market in Mali remains small and under developed. Few banks currently offer a full mortgage product with Banque Malienne de Solidarite, Mali Housing Bank (BHM), Bank of Africa, and EcoBank being the main lenders although at mini...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26361878/mali-financial-sector-assessment-program http://hdl.handle.net/10986/24266 |
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okr-10986-24266 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
HOME OWNERSHIP MONETARY POLICY FINANCIAL SERVICES PROVISION OF MORTGAGE DEPOSITS PROPERTY TAX FINANCING MORTGAGE DEBT INTEREST GOVERNMENT FUNDING PRIVATE SECTOR LOAN PRIVATE CREDIT LACK OF FINANCE BANKING SERVICES CAPITAL ADEQUACY LOAN BORROWERS SAVINGS PRODUCT CORRUPTION PAYMENTS MFIS RURAL BANKS FULL ACCESS FINANCIAL SECTOR REFORM HOUSING LOANS TECHNICAL ASSISTANCE HOUSING FINANCE FINANCIAL INSTITUTION MARKET DEVELOPMENT MORAL HAZARD LAND MARKETS FIXED DEPOSITS COOPERATIVE BANKS LOAN PRODUCTS DEBTS FINANCES BANK LENDERS DEBT OUTSTANDING FINANCIAL INSTITUTIONS PAYMENT CAPITAL MARKET DEBT MICRO LOANS BANK FINANCING POOR CREDIT BANKS CHECKING ACCOUNTS AFFORDABILITY CAPITAL BUSINESS PLAN ACCESS TO FINANCE BANK TITLE REGISTRATION LOAN GUARANTEES HOUSEHOLD FINANCIAL EDUCATION LOAN PORTFOLIO INSTALLMENTS AFFORDABLE HOUSING POSTAL SAVINGS CREDIT RISK PROFITABILITY LACK OF CAPITAL LOAN APPROVAL MICROFINANCE FINANCIAL SECTOR ASSESSMENT INFORMATION ON CREDIT REGISTRATION SYSTEM SOURCES OF FUNDS CREDIT GUARANTEES COMMERCIAL BANKS HOUSEHOLDS ACCESS LEVELS MORTGAGE LOANS LOAN SIZE LONG-TERM LENDING EARNINGS DEVELOPMENT FINANCE FINANCIAL SUPPORT URBAN COOPERATIVE BANKS LOAN PROGRAMS CONSUMER EDUCATION FEES TERMS OF LOAN HOME IMPROVEMENT REMITTANCES ARREARS COOPERATIVE CREDIT LINES FINANCIAL SECTOR DEVELOPMENT INCOME GROUPS EMPLOYEES LAND ADMINISTRATION MFI MICROFINANCE INSTITUTION DEPOSIT RECEIPT LAND ISSUES PEOPLE AFFORDABLE HOUSING FINANCE GUARANTEES EQUITABLE ACCESS PRIVATIZATION FINANCE COMPANIES INTEREST RATE PROPERTY RIGHTS BANKING SYSTEM DISCLOSURE REQUIREMENTS MORTGAGE MORTGAGE LENDING SUBSIDY INCOME TAX CREDIT INSTITUTION CREDITOR LENDER NEW BUSINESS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES RISK PERCEPTIONS CREDITS MORTGAGE LOAN MORTGAGES SAVINGS CREDIT WORTHINESS RESIDENTIAL MORTGAGES UNION INTEREST RATES DEPOSIT ACCOUNTS ELIGIBILITY CRITERIA HOMEOWNERSHIP FINANCIAL PRODUCTS LAND RIGHTS LENDERS LOANS MICRO FINANCE FINANCIAL SYSTEM FINANCIAL HEALTH REGULAR PAYMENTS REAL ESTATE FINANCE DOWN PAYMENT GRANT EQUITY CREDIT FLOW LAND MARKET MICRO FINANCE INSTITUTIONS LOAN GUARANTEE CORPORATE DEPOSITS FAMILY CREDIT HOUSING LOAN INVESTMENT BANK TAX CONCESSIONS URBAN AREAS REPAYMENT URBAN AREA MORTGAGE LENDERS PROPERTY PROPERTIES BALANCE SHEET GUARANTEE SCHEME LEGAL TITLE CREDIT BUREAU UMBRELLA ORGANIZATION AFFORDABLE FINANCING REGULATORY OVERSIGHT ACCESS TO CREDIT INTERESTS FIXED ASSETS FINANCIAL DEVELOPMENT SECURITY FINANCIAL MARKET INVESTMENT SECONDARY MORTGAGE MARKET BUSINESS VOLUMES COLLATERAL MICRO-FINANCE FINANCIAL MARKETS BORROWINGS COOPERATION COOPERATIVES BORROWING INVESTMENTS AGRICULTURAL FINANCE RISK MANAGEMENT TECHNICAL SUPPORT MORTGAGE PRODUCT FORM OF COLLATERAL WOMEN WHOLESALE FUNDING MORTGAGE MARKET GUARANTEE ECONOMIC AGENTS CONSUMER PROTECTION SAVINGS BANK |
| spellingShingle |
HOME OWNERSHIP MONETARY POLICY FINANCIAL SERVICES PROVISION OF MORTGAGE DEPOSITS PROPERTY TAX FINANCING MORTGAGE DEBT INTEREST GOVERNMENT FUNDING PRIVATE SECTOR LOAN PRIVATE CREDIT LACK OF FINANCE BANKING SERVICES CAPITAL ADEQUACY LOAN BORROWERS SAVINGS PRODUCT CORRUPTION PAYMENTS MFIS RURAL BANKS FULL ACCESS FINANCIAL SECTOR REFORM HOUSING LOANS TECHNICAL ASSISTANCE HOUSING FINANCE FINANCIAL INSTITUTION MARKET DEVELOPMENT MORAL HAZARD LAND MARKETS FIXED DEPOSITS COOPERATIVE BANKS LOAN PRODUCTS DEBTS FINANCES BANK LENDERS DEBT OUTSTANDING FINANCIAL INSTITUTIONS PAYMENT CAPITAL MARKET DEBT MICRO LOANS BANK FINANCING POOR CREDIT BANKS CHECKING ACCOUNTS AFFORDABILITY CAPITAL BUSINESS PLAN ACCESS TO FINANCE BANK TITLE REGISTRATION LOAN GUARANTEES HOUSEHOLD FINANCIAL EDUCATION LOAN PORTFOLIO INSTALLMENTS AFFORDABLE HOUSING POSTAL SAVINGS CREDIT RISK PROFITABILITY LACK OF CAPITAL LOAN APPROVAL MICROFINANCE FINANCIAL SECTOR ASSESSMENT INFORMATION ON CREDIT REGISTRATION SYSTEM SOURCES OF FUNDS CREDIT GUARANTEES COMMERCIAL BANKS HOUSEHOLDS ACCESS LEVELS MORTGAGE LOANS LOAN SIZE LONG-TERM LENDING EARNINGS DEVELOPMENT FINANCE FINANCIAL SUPPORT URBAN COOPERATIVE BANKS LOAN PROGRAMS CONSUMER EDUCATION FEES TERMS OF LOAN HOME IMPROVEMENT REMITTANCES ARREARS COOPERATIVE CREDIT LINES FINANCIAL SECTOR DEVELOPMENT INCOME GROUPS EMPLOYEES LAND ADMINISTRATION MFI MICROFINANCE INSTITUTION DEPOSIT RECEIPT LAND ISSUES PEOPLE AFFORDABLE HOUSING FINANCE GUARANTEES EQUITABLE ACCESS PRIVATIZATION FINANCE COMPANIES INTEREST RATE PROPERTY RIGHTS BANKING SYSTEM DISCLOSURE REQUIREMENTS MORTGAGE MORTGAGE LENDING SUBSIDY INCOME TAX CREDIT INSTITUTION CREDITOR LENDER NEW BUSINESS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES RISK PERCEPTIONS CREDITS MORTGAGE LOAN MORTGAGES SAVINGS CREDIT WORTHINESS RESIDENTIAL MORTGAGES UNION INTEREST RATES DEPOSIT ACCOUNTS ELIGIBILITY CRITERIA HOMEOWNERSHIP FINANCIAL PRODUCTS LAND RIGHTS LENDERS LOANS MICRO FINANCE FINANCIAL SYSTEM FINANCIAL HEALTH REGULAR PAYMENTS REAL ESTATE FINANCE DOWN PAYMENT GRANT EQUITY CREDIT FLOW LAND MARKET MICRO FINANCE INSTITUTIONS LOAN GUARANTEE CORPORATE DEPOSITS FAMILY CREDIT HOUSING LOAN INVESTMENT BANK TAX CONCESSIONS URBAN AREAS REPAYMENT URBAN AREA MORTGAGE LENDERS PROPERTY PROPERTIES BALANCE SHEET GUARANTEE SCHEME LEGAL TITLE CREDIT BUREAU UMBRELLA ORGANIZATION AFFORDABLE FINANCING REGULATORY OVERSIGHT ACCESS TO CREDIT INTERESTS FIXED ASSETS FINANCIAL DEVELOPMENT SECURITY FINANCIAL MARKET INVESTMENT SECONDARY MORTGAGE MARKET BUSINESS VOLUMES COLLATERAL MICRO-FINANCE FINANCIAL MARKETS BORROWINGS COOPERATION COOPERATIVES BORROWING INVESTMENTS AGRICULTURAL FINANCE RISK MANAGEMENT TECHNICAL SUPPORT MORTGAGE PRODUCT FORM OF COLLATERAL WOMEN WHOLESALE FUNDING MORTGAGE MARKET GUARANTEE ECONOMIC AGENTS CONSUMER PROTECTION SAVINGS BANK World Bank Mali Financial Sector Assessment Program : Housing Finance |
| geographic_facet |
Africa Mali |
| description |
The housing finance market in Mali
remains small and under developed. Few banks currently offer
a full mortgage product with Banque Malienne de Solidarite,
Mali Housing Bank (BHM), Bank of Africa, and EcoBank being
the main lenders although at minimal levels. The total
annual housing need in Mali based on the household formation
rate amounts to 82,500, split between 51,100 urban units and
31,400 rural units. Overall some social housing is
constructed and support is provided by the state for low
income housing through the Office Malienne de l’Habitat
(OMH), but the numbers remain small. The Malien authorities
have been working to strengthen financial sector stability
which includes measures to stabilize the BHM and put it in a
position where it begins to fulfill its mandate of providing
credit for the housing sector. A strategy was approved by
the council of Minister for a strategic disengagement by the
state from the share capital of BHM. Initially the agreed
plan was for BHM to be privatized. Overall progress in
delivery of affordable housing will require a concerted
effort among all stakeholders both in public and private
sector. This should be supported through establishment of
stakeholder coordination group to oversee change across the
housing value chain. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mali Financial Sector Assessment Program : Housing Finance |
| title_short |
Mali Financial Sector Assessment Program : Housing Finance |
| title_full |
Mali Financial Sector Assessment Program : Housing Finance |
| title_fullStr |
Mali Financial Sector Assessment Program : Housing Finance |
| title_full_unstemmed |
Mali Financial Sector Assessment Program : Housing Finance |
| title_sort |
mali financial sector assessment program : housing finance |
| publisher |
Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/05/26361878/mali-financial-sector-assessment-program http://hdl.handle.net/10986/24266 |
| _version_ |
1764456280448040960 |
| spelling |
okr-10986-242662021-04-23T14:04:21Z Mali Financial Sector Assessment Program : Housing Finance World Bank HOME OWNERSHIP MONETARY POLICY FINANCIAL SERVICES PROVISION OF MORTGAGE DEPOSITS PROPERTY TAX FINANCING MORTGAGE DEBT INTEREST GOVERNMENT FUNDING PRIVATE SECTOR LOAN PRIVATE CREDIT LACK OF FINANCE BANKING SERVICES CAPITAL ADEQUACY LOAN BORROWERS SAVINGS PRODUCT CORRUPTION PAYMENTS MFIS RURAL BANKS FULL ACCESS FINANCIAL SECTOR REFORM HOUSING LOANS TECHNICAL ASSISTANCE HOUSING FINANCE FINANCIAL INSTITUTION MARKET DEVELOPMENT MORAL HAZARD LAND MARKETS FIXED DEPOSITS COOPERATIVE BANKS LOAN PRODUCTS DEBTS FINANCES BANK LENDERS DEBT OUTSTANDING FINANCIAL INSTITUTIONS PAYMENT CAPITAL MARKET DEBT MICRO LOANS BANK FINANCING POOR CREDIT BANKS CHECKING ACCOUNTS AFFORDABILITY CAPITAL BUSINESS PLAN ACCESS TO FINANCE BANK TITLE REGISTRATION LOAN GUARANTEES HOUSEHOLD FINANCIAL EDUCATION LOAN PORTFOLIO INSTALLMENTS AFFORDABLE HOUSING POSTAL SAVINGS CREDIT RISK PROFITABILITY LACK OF CAPITAL LOAN APPROVAL MICROFINANCE FINANCIAL SECTOR ASSESSMENT INFORMATION ON CREDIT REGISTRATION SYSTEM SOURCES OF FUNDS CREDIT GUARANTEES COMMERCIAL BANKS HOUSEHOLDS ACCESS LEVELS MORTGAGE LOANS LOAN SIZE LONG-TERM LENDING EARNINGS DEVELOPMENT FINANCE FINANCIAL SUPPORT URBAN COOPERATIVE BANKS LOAN PROGRAMS CONSUMER EDUCATION FEES TERMS OF LOAN HOME IMPROVEMENT REMITTANCES ARREARS COOPERATIVE CREDIT LINES FINANCIAL SECTOR DEVELOPMENT INCOME GROUPS EMPLOYEES LAND ADMINISTRATION MFI MICROFINANCE INSTITUTION DEPOSIT RECEIPT LAND ISSUES PEOPLE AFFORDABLE HOUSING FINANCE GUARANTEES EQUITABLE ACCESS PRIVATIZATION FINANCE COMPANIES INTEREST RATE PROPERTY RIGHTS BANKING SYSTEM DISCLOSURE REQUIREMENTS MORTGAGE MORTGAGE LENDING SUBSIDY INCOME TAX CREDIT INSTITUTION CREDITOR LENDER NEW BUSINESS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES RISK PERCEPTIONS CREDITS MORTGAGE LOAN MORTGAGES SAVINGS CREDIT WORTHINESS RESIDENTIAL MORTGAGES UNION INTEREST RATES DEPOSIT ACCOUNTS ELIGIBILITY CRITERIA HOMEOWNERSHIP FINANCIAL PRODUCTS LAND RIGHTS LENDERS LOANS MICRO FINANCE FINANCIAL SYSTEM FINANCIAL HEALTH REGULAR PAYMENTS REAL ESTATE FINANCE DOWN PAYMENT GRANT EQUITY CREDIT FLOW LAND MARKET MICRO FINANCE INSTITUTIONS LOAN GUARANTEE CORPORATE DEPOSITS FAMILY CREDIT HOUSING LOAN INVESTMENT BANK TAX CONCESSIONS URBAN AREAS REPAYMENT URBAN AREA MORTGAGE LENDERS PROPERTY PROPERTIES BALANCE SHEET GUARANTEE SCHEME LEGAL TITLE CREDIT BUREAU UMBRELLA ORGANIZATION AFFORDABLE FINANCING REGULATORY OVERSIGHT ACCESS TO CREDIT INTERESTS FIXED ASSETS FINANCIAL DEVELOPMENT SECURITY FINANCIAL MARKET INVESTMENT SECONDARY MORTGAGE MARKET BUSINESS VOLUMES COLLATERAL MICRO-FINANCE FINANCIAL MARKETS BORROWINGS COOPERATION COOPERATIVES BORROWING INVESTMENTS AGRICULTURAL FINANCE RISK MANAGEMENT TECHNICAL SUPPORT MORTGAGE PRODUCT FORM OF COLLATERAL WOMEN WHOLESALE FUNDING MORTGAGE MARKET GUARANTEE ECONOMIC AGENTS CONSUMER PROTECTION SAVINGS BANK The housing finance market in Mali remains small and under developed. Few banks currently offer a full mortgage product with Banque Malienne de Solidarite, Mali Housing Bank (BHM), Bank of Africa, and EcoBank being the main lenders although at minimal levels. The total annual housing need in Mali based on the household formation rate amounts to 82,500, split between 51,100 urban units and 31,400 rural units. Overall some social housing is constructed and support is provided by the state for low income housing through the Office Malienne de l’Habitat (OMH), but the numbers remain small. The Malien authorities have been working to strengthen financial sector stability which includes measures to stabilize the BHM and put it in a position where it begins to fulfill its mandate of providing credit for the housing sector. A strategy was approved by the council of Minister for a strategic disengagement by the state from the share capital of BHM. Initially the agreed plan was for BHM to be privatized. Overall progress in delivery of affordable housing will require a concerted effort among all stakeholders both in public and private sector. This should be supported through establishment of stakeholder coordination group to oversee change across the housing value chain. 2016-05-10T19:54:51Z 2016-05-10T19:54:51Z 2015-12 Report http://documents.worldbank.org/curated/en/2016/05/26361878/mali-financial-sector-assessment-program http://hdl.handle.net/10986/24266 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Africa Mali |