The rise of cross-border pan-African banks in the WAEMU

Issouf Soumaré, Kouamé Désiré Kanga and Victor Murinde

Chapter 7 in Inclusive Financial Development, 2021, pp 113-133 from Edward Elgar Publishing

Abstract: This chapter reviews the recent trend of pan-African banks presence in the WAEMU region. The proportion of foreign banks grew from 63% in 2000 to 79.5% in 2017 abd the share of cross-border pan-African banks rose from 29% in 2000 to 62% in 2017. The ownership structure of the banking sector is changing fast, implying changes in the structure of the banking sector in terms of competition, lending and stability. This chapter shows how the increasing cross-border pan-African banks activities in the region’s countries has improved competition within the banking sector, while at the same time, it has increased access to bank loans. The current rise of pan-African banks has different policy implications. This trend can be sustained by investing in new technologies which enable banks to go digital. Policy makers and regulators should also be sensitive to the need to promote the use of new technologies which are necessary to improve the efficiency of pan-African banks and to reduce intermediation costs.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800376373/9781800376373.00012.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20225_7

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().