IMF Report Highlights Concentration of Banking Assets in Domestic Banks

An IMF report indicates that nine domestic banks collectively hold 40% of a country's total banking assets, with universal banks accounting for over 90% of all assets.

26 Apr, 20:24 — 26 Apr, 20:24

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myjoyonlineMixed1h ago

9 domestic banks hold 40% of banking assets – IMF

Within banking, the report said more than 90% of assets were held by universal banks, with the remainder in specialized deposit-taking institutions such as savings and loans companies and rural community banks.

By Charles Nixon

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IMF Report Highlights Concentration of Banking Assets in Domestic Banks

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9 domestic banks hold 40% of banking assets – IMF

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