Banking Regulation in Côte d’Ivoire
Souleymane DIARRASSOUBA, President of APBEF-CI talks about the need for new type of regulations in the Ivorian banking sector.
imported 2024-03-17 17:43:07
Souleymane DIARRASSOUBA, President of APBEF-CI talks about the need for new type of regulations in the Ivorian banking sector.
BIAO’s estimates calculate that the country’s losses reach around 1.4 billion euros. The banking sector was also severely hit by the crisis and suffered losses of about 114 million euros. Of course, these losses occurred in many different ways.
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.
BIAO is an Ivoirian bank that belongs to NSIA group, an African financial group operating in many countries.
MTN Côte d’Ivoire is a local mobile phone operator. The South African group MTN bought the local mobile operator Telesales in 2005 and transformed it into what MTN Côte d’Ivoire is today.
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According to the Côte d’Ivoire Telecommunications Agency (ATCI), new laws and new regulations are needed to transform Côte d’Ivoire and its telecommunication market.
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