Benin : Financial Sector Review
This report combines a study undertaken in two phases of the Benin financial sector. Phase 1 of the study, conducted in 2003, provided a diagnostic of the financial system and focused on the state and performance of commercial banks, microfinance institutions, insurance companies and the pension fun...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/06/6329970/benin-financial-sector-review http://hdl.handle.net/10986/8300 |
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okr-10986-8300 |
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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 |
ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATION AFFILIATED AGRICULTURAL INSURANCE AGRICULTURE ASSURANCE AUCTIONS BAD DEBT BALANCE SHEET BANK DEPOSITS BANK OF CENTRAL AFRICAN STATES BANK SERVICES BANKING CRISIS BANKING LAW BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKNOTES BANKS BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST BANQUE DES ETATS DE L'AFRIQUE CENTRALE BASE LENDING RATES BROKERS BUSINESS LAW CAPITAL ADEQUACY CASE BY CASE BASIS CENTRAL BANK CENTRAL GOVERNMENT CHANNELS COLLATERAL COMMERCIAL BANKS COMMISSIONS COMMODITY PRICES COMMUNITIES CONNECTED LENDING CONSUMER PRICE INDEX CONSUMERS CONTRACTUAL RIGHTS COUNTRY DIRECTOR COUNTRY ECONOMIST COUNTRY OFFICE MANAGER COVERAGE CREDIT CONTROL CREDIT COOPERATIVES CREDIT INSTITUTIONS CREDIT UNION CREDIT UNIONS DEMAND DEPOSITS DEPOSITS DEVALUATION DISCOUNT RATE DOMESTIC CREDIT DONOR COMMUNITY ECONOMIC DOWNTURNS ECONOMIC LIFE ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE EFFECTIVE BANKING SUPERVISION ETHNIC GROUPS EXCESS LIQUIDITY EXCHANGE COMMISSION FINANCIAL DEEPENING FINANCIAL ECONOMIST FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR REVIEW FINANCIAL SECTOR SPECIALIST FINANCIAL SECTOR STUDY FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIERS FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN SHAREHOLDERS GAB GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROSS OPERATING INCOME GUIDANCE HOUSEHOLDS IAIS INFLATION INSPECTIONS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE POLICY INSURANCE SUPERVISION INSURANCE SUPERVISORS INTEREST EXPENSE INTEREST INCOME INTEREST RATE INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL DEVELOPMENT INTERNATIONAL MONETARY FUND INTERNATIONAL NORMS INTERNATIONAL STANDARDS INVESTMENT PROJECTS LEASING LEGAL FRAMEWORK LEGISLATION LENDER OF LAST RESORT LENDING PRACTICES LICENSES LICENSING LICENSING OF BANKS LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION LIQUIDITY RATIO M2 MARKET DEVELOPMENT MATURITIES MEDIUM ENTERPRISE MEDIUM ENTERPRISES MICROFINANCE MICROFINANCE REGULATION MICROINSURANCE MINISTER OF FINANCE MINISTRIES OF FINANCE MINISTRY OF FINANCE MONETARY POLICY NATIONAL AUTHORITIES NATIONAL INCOME NATIONAL LEGISLATION NET INTEREST MARGIN NET OPERATING INCOME NET PROFIT NON-LIFE INSURANCE OFFSITE SUPERVISION OPERATING EFFICIENCY OPERATING EXPENSES PAPER SERIES PENSION SCHEMES PER CAPITA INCOME PERFORMANCE INDICATORS POPULATION GROWTH PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PREMIUMS PRINCIPLES PRIVATE COMMERCIAL BANKS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR DEVELOPMENT PROJECT PRIVATIZATION PROFITABILITY PROGRAMS PROPERTY RIGHTS PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL RULES PUBLIC FINANCES RATING SYSTEM REAL ESTATE REAL GDP REAL GROSS DOMESTIC PRODUCT RECAPITALIZATION RECOMMENDATIONS REGULATORY AUTHORITY REGULATORY BARRIERS REGULATORY FORBEARANCE REPRESENTATIVES RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RESTRICTIONS RETURN ON ASSETS RETURN ON EQUITY RISKY BUSINESS ROA ROE RURAL AREAS SAVINGS SAVINGS ACCOUNTS SECTORS SECURITIES SHAREHOLDERS SHAREHOLDING SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY SYSTEMS SOCIAL SERVICES STABLE MACROECONOMIC ENVIRONMENT STAKEHOLDERS STARTING POINT STATEMENTS STRUCTURAL ADJUSTMENT STRUCTURAL ADJUSTMENT PROGRAM SUBSIDIARY SUPERVISORY FRAMEWORK SURPLUS TIME DEPOSITS TOTAL ASSETS TRADE TRADING TRENDS URBAN AREAS VALUE VALUE ADDED WORKING CAPITAL |
| spellingShingle |
ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATION AFFILIATED AGRICULTURAL INSURANCE AGRICULTURE ASSURANCE AUCTIONS BAD DEBT BALANCE SHEET BANK DEPOSITS BANK OF CENTRAL AFRICAN STATES BANK SERVICES BANKING CRISIS BANKING LAW BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKNOTES BANKS BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST BANQUE DES ETATS DE L'AFRIQUE CENTRALE BASE LENDING RATES BROKERS BUSINESS LAW CAPITAL ADEQUACY CASE BY CASE BASIS CENTRAL BANK CENTRAL GOVERNMENT CHANNELS COLLATERAL COMMERCIAL BANKS COMMISSIONS COMMODITY PRICES COMMUNITIES CONNECTED LENDING CONSUMER PRICE INDEX CONSUMERS CONTRACTUAL RIGHTS COUNTRY DIRECTOR COUNTRY ECONOMIST COUNTRY OFFICE MANAGER COVERAGE CREDIT CONTROL CREDIT COOPERATIVES CREDIT INSTITUTIONS CREDIT UNION CREDIT UNIONS DEMAND DEPOSITS DEPOSITS DEVALUATION DISCOUNT RATE DOMESTIC CREDIT DONOR COMMUNITY ECONOMIC DOWNTURNS ECONOMIC LIFE ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE EFFECTIVE BANKING SUPERVISION ETHNIC GROUPS EXCESS LIQUIDITY EXCHANGE COMMISSION FINANCIAL DEEPENING FINANCIAL ECONOMIST FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR REVIEW FINANCIAL SECTOR SPECIALIST FINANCIAL SECTOR STUDY FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIERS FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN SHAREHOLDERS GAB GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROSS OPERATING INCOME GUIDANCE HOUSEHOLDS IAIS INFLATION INSPECTIONS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE POLICY INSURANCE SUPERVISION INSURANCE SUPERVISORS INTEREST EXPENSE INTEREST INCOME INTEREST RATE INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL DEVELOPMENT INTERNATIONAL MONETARY FUND INTERNATIONAL NORMS INTERNATIONAL STANDARDS INVESTMENT PROJECTS LEASING LEGAL FRAMEWORK LEGISLATION LENDER OF LAST RESORT LENDING PRACTICES LICENSES LICENSING LICENSING OF BANKS LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION LIQUIDITY RATIO M2 MARKET DEVELOPMENT MATURITIES MEDIUM ENTERPRISE MEDIUM ENTERPRISES MICROFINANCE MICROFINANCE REGULATION MICROINSURANCE MINISTER OF FINANCE MINISTRIES OF FINANCE MINISTRY OF FINANCE MONETARY POLICY NATIONAL AUTHORITIES NATIONAL INCOME NATIONAL LEGISLATION NET INTEREST MARGIN NET OPERATING INCOME NET PROFIT NON-LIFE INSURANCE OFFSITE SUPERVISION OPERATING EFFICIENCY OPERATING EXPENSES PAPER SERIES PENSION SCHEMES PER CAPITA INCOME PERFORMANCE INDICATORS POPULATION GROWTH PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PREMIUMS PRINCIPLES PRIVATE COMMERCIAL BANKS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR DEVELOPMENT PROJECT PRIVATIZATION PROFITABILITY PROGRAMS PROPERTY RIGHTS PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL RULES PUBLIC FINANCES RATING SYSTEM REAL ESTATE REAL GDP REAL GROSS DOMESTIC PRODUCT RECAPITALIZATION RECOMMENDATIONS REGULATORY AUTHORITY REGULATORY BARRIERS REGULATORY FORBEARANCE REPRESENTATIVES RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RESTRICTIONS RETURN ON ASSETS RETURN ON EQUITY RISKY BUSINESS ROA ROE RURAL AREAS SAVINGS SAVINGS ACCOUNTS SECTORS SECURITIES SHAREHOLDERS SHAREHOLDING SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY SYSTEMS SOCIAL SERVICES STABLE MACROECONOMIC ENVIRONMENT STAKEHOLDERS STARTING POINT STATEMENTS STRUCTURAL ADJUSTMENT STRUCTURAL ADJUSTMENT PROGRAM SUBSIDIARY SUPERVISORY FRAMEWORK SURPLUS TIME DEPOSITS TOTAL ASSETS TRADE TRADING TRENDS URBAN AREAS VALUE VALUE ADDED WORKING CAPITAL World Bank Benin : Financial Sector Review |
| geographic_facet |
Africa Benin |
| description |
This report combines a study undertaken in two phases of the Benin financial sector. Phase 1 of the study, conducted in 2003, provided a diagnostic of the financial system and focused on the state and performance of commercial banks, microfinance institutions, insurance companies and the pension fund system. Phase 2 of the study, conducted in the first half of 2004, focused on analyzing the access to finance issue identified during the diagnostic study. The lack of access to financial services by the majority of the population in Benin was the main issue revealed by the study. The study explored the view among financial institutions and banks that the lack of credit to the majority and to small and medium enterprises in particular was due to a judicial system that is slow, efficient, arbitrary, and nontransparent. Weaknesses in the legal and judicial framework governing enforceability of commercial contracts and property rights, collateral, and land and real estate registration were cited by bankers as major obstacles to the development of greater access to credit. |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Benin : Financial Sector Review |
| title_short |
Benin : Financial Sector Review |
| title_full |
Benin : Financial Sector Review |
| title_fullStr |
Benin : Financial Sector Review |
| title_full_unstemmed |
Benin : Financial Sector Review |
| title_sort |
benin : financial sector review |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/06/6329970/benin-financial-sector-review http://hdl.handle.net/10986/8300 |
| _version_ |
1764405035971641344 |
| spelling |
okr-10986-83002021-04-23T14:02:39Z Benin : Financial Sector Review World Bank ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATION AFFILIATED AGRICULTURAL INSURANCE AGRICULTURE ASSURANCE AUCTIONS BAD DEBT BALANCE SHEET BANK DEPOSITS BANK OF CENTRAL AFRICAN STATES BANK SERVICES BANKING CRISIS BANKING LAW BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKNOTES BANKS BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST BANQUE DES ETATS DE L'AFRIQUE CENTRALE BASE LENDING RATES BROKERS BUSINESS LAW CAPITAL ADEQUACY CASE BY CASE BASIS CENTRAL BANK CENTRAL GOVERNMENT CHANNELS COLLATERAL COMMERCIAL BANKS COMMISSIONS COMMODITY PRICES COMMUNITIES CONNECTED LENDING CONSUMER PRICE INDEX CONSUMERS CONTRACTUAL RIGHTS COUNTRY DIRECTOR COUNTRY ECONOMIST COUNTRY OFFICE MANAGER COVERAGE CREDIT CONTROL CREDIT COOPERATIVES CREDIT INSTITUTIONS CREDIT UNION CREDIT UNIONS DEMAND DEPOSITS DEPOSITS DEVALUATION DISCOUNT RATE DOMESTIC CREDIT DONOR COMMUNITY ECONOMIC DOWNTURNS ECONOMIC LIFE ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE EFFECTIVE BANKING SUPERVISION ETHNIC GROUPS EXCESS LIQUIDITY EXCHANGE COMMISSION FINANCIAL DEEPENING FINANCIAL ECONOMIST FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR REVIEW FINANCIAL SECTOR SPECIALIST FINANCIAL SECTOR STUDY FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIERS FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN SHAREHOLDERS GAB GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROSS OPERATING INCOME GUIDANCE HOUSEHOLDS IAIS INFLATION INSPECTIONS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE POLICY INSURANCE SUPERVISION INSURANCE SUPERVISORS INTEREST EXPENSE INTEREST INCOME INTEREST RATE INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL DEVELOPMENT INTERNATIONAL MONETARY FUND INTERNATIONAL NORMS INTERNATIONAL STANDARDS INVESTMENT PROJECTS LEASING LEGAL FRAMEWORK LEGISLATION LENDER OF LAST RESORT LENDING PRACTICES LICENSES LICENSING LICENSING OF BANKS LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION LIQUIDITY RATIO M2 MARKET DEVELOPMENT MATURITIES MEDIUM ENTERPRISE MEDIUM ENTERPRISES MICROFINANCE MICROFINANCE REGULATION MICROINSURANCE MINISTER OF FINANCE MINISTRIES OF FINANCE MINISTRY OF FINANCE MONETARY POLICY NATIONAL AUTHORITIES NATIONAL INCOME NATIONAL LEGISLATION NET INTEREST MARGIN NET OPERATING INCOME NET PROFIT NON-LIFE INSURANCE OFFSITE SUPERVISION OPERATING EFFICIENCY OPERATING EXPENSES PAPER SERIES PENSION SCHEMES PER CAPITA INCOME PERFORMANCE INDICATORS POPULATION GROWTH PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PREMIUMS PRINCIPLES PRIVATE COMMERCIAL BANKS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR DEVELOPMENT PROJECT PRIVATIZATION PROFITABILITY PROGRAMS PROPERTY RIGHTS PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL RULES PUBLIC FINANCES RATING SYSTEM REAL ESTATE REAL GDP REAL GROSS DOMESTIC PRODUCT RECAPITALIZATION RECOMMENDATIONS REGULATORY AUTHORITY REGULATORY BARRIERS REGULATORY FORBEARANCE REPRESENTATIVES RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RESTRICTIONS RETURN ON ASSETS RETURN ON EQUITY RISKY BUSINESS ROA ROE RURAL AREAS SAVINGS SAVINGS ACCOUNTS SECTORS SECURITIES SHAREHOLDERS SHAREHOLDING SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY SYSTEMS SOCIAL SERVICES STABLE MACROECONOMIC ENVIRONMENT STAKEHOLDERS STARTING POINT STATEMENTS STRUCTURAL ADJUSTMENT STRUCTURAL ADJUSTMENT PROGRAM SUBSIDIARY SUPERVISORY FRAMEWORK SURPLUS TIME DEPOSITS TOTAL ASSETS TRADE TRADING TRENDS URBAN AREAS VALUE VALUE ADDED WORKING CAPITAL This report combines a study undertaken in two phases of the Benin financial sector. Phase 1 of the study, conducted in 2003, provided a diagnostic of the financial system and focused on the state and performance of commercial banks, microfinance institutions, insurance companies and the pension fund system. Phase 2 of the study, conducted in the first half of 2004, focused on analyzing the access to finance issue identified during the diagnostic study. The lack of access to financial services by the majority of the population in Benin was the main issue revealed by the study. The study explored the view among financial institutions and banks that the lack of credit to the majority and to small and medium enterprises in particular was due to a judicial system that is slow, efficient, arbitrary, and nontransparent. Weaknesses in the legal and judicial framework governing enforceability of commercial contracts and property rights, collateral, and land and real estate registration were cited by bankers as major obstacles to the development of greater access to credit. 2012-06-18T18:15:54Z 2012-06-18T18:15:54Z 2005-06 http://documents.worldbank.org/curated/en/2005/06/6329970/benin-financial-sector-review http://hdl.handle.net/10986/8300 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Africa Benin |