While the Ivoirian banking system is characterised by a diversity of service providers, it is dominated by a few players. The top three banks control 41% of all resources, the top eight control 83.3%, while 13 of the 23 banks marshal resources of less than CFA100bn (€150m). With the exception of state-owned Banque Nationale d’Investissements (BNI)...
Smaller businesses tend to face greater difficulties in accessing credit than their larger counterparts. This is particularly the case in environments of institutional under-development or legal uncertainty. Unsurprisingly, this is a challenge affecting sub-Saharan Africa in general, including Côte d’Ivoire.
After decades of turbulence, the Ivoirian banking sector is experiencing something of a renaissance. Like the economy, Côte d’Ivoire’s banking sector was growing robustly until a crisis brought on by enthusiastic lending struck in the early 1980s. Bank defaults during this period cast a long shadow, paving the way for a steady increase over the...
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