Senegal: Financial System Stability Assessment Update

April 18, 2005

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International Monetary Fund. Monetary and Capital Markets Department "Senegal: Financial System Stability Assessment Update", IMF Staff Country Reports 2005, 126 (2005), accessed November 12, 2024, https://doi.org/10.5089/9781451833973.002

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Summary

This Financial System Stability Assessment Update on Senegal reports that the banking sector remains the cornerstone of the financial sector, and risk concentration remains the main source of vulnerability. The largest microfinance institutions (MFI) are sound, but smaller ones are weaker and need to be consolidated and better supervised. Commercial banks and large MFIs provide credit to small- and medium-sized enterprises, but their access to financial services suffers from asymmetries of information and flaws in the judicial system. The development of the regional capital market has not met expectations.

Subject: Bank credit, Banking, Commercial banks, Credit, Financial institutions, Financial services, Money, Mortgages

Keywords: Africa, Bank, Bank credit, Bank portfolio, Bank-enterprise relationship, Capital base, Commercial banks, CR, Credit, Development bank, Enterprise, Excess reserves, ISCR, Market, Microfinance sector, Mortgages, Senegalese bank, Top-rated small and medium-sized enterprises, West Africa

Publication Details

Pages:

24
Volume:

2005
DOI:

https://doi.org/10.5089/9781451833973.002
Issue:

126
Series:

Country Report No. 2005/126
Stock No:

1SENEA2005003
ISBN:

9781451833973
ISSN:

1934-7685

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