Pan-African Banks - Opportunities and Challenges for Cross-Border Oversight
December 18, 2014
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There has been a rapid expansion of pan-African banks (PABs) in recent years, with seven major PABs having a presence in at least ten African countries: three of these are headquartered in Morocco, two in Togo, and one each in Nigeria and South Africa. Additional banks, primarily from Kenya, Nigeria, and South Africa, have a regional presence with operations in at least five countries. PABs have a systemic presence in around 36 countries. Overall, the PABs are now much more important in Africa than the long-established European and American banks.
Subject: Association of Southeast Asian Nations, Bank supervision, Banking sector, Cross country analysis, Economic integration, Financial stability, Sub-Saharan Africa, Surveillance
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