This note was prepared by Daniela Marchettini.
According to the classification criterion of the BCEAO, 4 banks are middle size (with total assets between 100 and 200 billion CFAF) and 6 small (with total assets inferior to 100 billion CFAF).
A comprehensive analysis of financial market depth and breadth within the WAEMU area can be found in the IMF Country Report No. 13/92 – Supplement – Financial Depth and Macro-Stability.
Data from the survey carried out by Gallup over the 2011 calendar year (WB Findex database). An alternative measure of penetration (access) is the bank accounts to total population ratio that, for the year 2011, is equal to 1.7 percent (BCEAO).
The credit granted to the 5 biggest borrowers corresponds to 12.3 percent of the total at the end of 2012.
In Niger’s IFC/WB Enterprise Surveys, the universe under consideration consists of manufacturing firms surveyed in the cities of Niamey and Maradi.
While this evolution reflects some private capital injections, the contribution of the government has been dominant, with private (national and foreign) capital and government participation increasing 23 and 419 percent respectively between 2010 and 2012 (source: BCEAO).
Between 2009 and 2012 the number of deposit-taking micro-financial institutions has reduced to 49 from 106. (Source: IMF Financial Access Survey).
Niger sovereign issued a 7-year bond for 16.6 billion CFAF in 2009 and a 5-year bond for 25 billion CFAF in 2013.