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 Banking in Africa: A Progress Report


Thorsten BECK Cass Business School ; CEPR (Centre for Economic and Policy Research). Contact : Thorsten.Beck.1@city.ac.uk
Robert CULL Banque mondiale.

This paper discusses recent progress in financial deepening across Sub-Saharan Africa. Using an array of different data, we document that African banking systems are shallow but stable. African banks are well capitalized and over-liquid, but lend less to the private sector than banks in non-African developing countries. African enterprises and households are less likely to use financial services than their peers in other developing countries. However, there has also been a broad-based process of financial deepening over the past decade, which has benefited African private sectors.