Banking Market in Côte d’Ivoire
The banking market in Côte d’Ivoire is completely different from the European markets. For example, the banking services penetration rate in Côte d’Ivoire is around 8%, which is considerably less than the 100% penetrating rate in Europe.
The banking market in Côte d’Ivoire is completely different from the European markets. For example, the banking services penetration rate in Côte d’Ivoire is around 8%, which is considerably less than the 100% penetrating rate in Europe. The market for banking services is less developed and thus the market’s product offering is quite basic.
Côte d’Ivoire has a considerably lower savings rate than Europe. The last major difference is the role that banks play in the country. In Côte d’Ivoire, financial intermediation is still very strong as opposed to Europe, where access and development of market operations is much higher.