REGIONAL BANKS IN AFRICA: OPPORTUNITIES AND PROSPECTS
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REGIONAL BANKS IN AFRICA: OPPORTUNITIES AND PROSPECTS
Annotation
PII
S0321-50750000616-3-1
Publication type
Article
Status
Published
Edition
Pages
43-49
Abstract
On the African continent, new banks are created and the number of local banking groups with subsidiaries in several countries is increasing. These regional banking institutions (the so-called pan-African banks, by definition of the IMF experts) are expanding their presence on the continent, creating a cross-border network and absorbing other banks, foreign banks included, which traditionally dominated on the continent.The new pan-African players stimulate the development of financial services and economic integration in Africa, contributing to unleashing the potential of the rapidly growing region. However, one should take into consideration that this relatively new process in the financial development of the African countries (such as, for example, microfinance and mobile banking - providing services via mobile communications) started from a low base and significant gap with other developing regions.
Keywords
Africa, financial development, regional banks, pan-African banks, mergers and acquisitions
Date of publication
01.09.2016
Number of purchasers
0
Views
663
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Additional sources and materials

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