- PII
- S0321-50750000616-3-1
- DOI
- 10.31857/S50000616-3-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Isuue №9
- 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
- 1
- Views
- 1316
RAS History & PhilologyAsia and Africa Today
- ISSN (Print) 0321-5075
- ISSN (Online)2782-2389
REGIONAL BANKS IN AFRICA: OPPORTUNITIES AND PROSPECTS
Индексирование
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library