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Togo - Financial sector review : Togo - Revue du secteur financier (French)

The financial sector review of Togo focused on providing a diagnosis of the main institutions in the sector including: (i) a quantitative assessment of banking sector performance and condition; (ii) a review of the performance of non-bank financial institutions including microfinance, insurance and pensions; (iii) the financial condition of state-owned enterprises and their impact on the financial sector. Togo's financial sector, with total assets of 51 percent of GDP is in critical condition. The sector is dominated by commercial banks which holds 62 percent of total financial system's assets and is in distress. Between 2000 and 2004, non performing loans levels were the highest in the WAMU region and fluctuated between a low of 33.5 percent to a high of 42 percent. Over the same period the banking sector as a whole was insolvent. There is a considerable degree of government ownership of banks in a sector which is small, concentrated and highly inefficient. Only a thorough restructuring of the banking sector will help rejuvenate the sector and ensure that it plays a more meaningful role in the growth of the economy and the development of the private sector.


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    Other Financial Sector Study

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    Togo - Revue du secteur financier

  • Keywords

    accounting, accounting systems, accrual, affiliate, auditors, balance sheets, bank assets, bank deposits, Bank lending, banking crisis, banking law, banking sector, Banking supervision, banking system, Bourse, business law, Central Bank, commercial banks, Commercial debt, company, conflict of interest, corporate governance, credit institutions, debt, demand deposits, deposit accounts, depositors, deposits, development banks, domestic credit, economic growth, Economics, external auditors, financial assets, financial deepening, Financial Indicators, Financial Institution, financial institutions, financial intermediaries, financial sector development, financial services, financial statements, financial structure, Foreign banks, foreign exchange, government deposits, holding company, housing, Incorporated, individuals, Inflation, insurance, insurance industry, international banking, large public enterprises, laws, leasing, liability, Liquidity, Liquidity of Banks, liquidity ratio, merger, microfinance, microfinance regulation, Ministries of Finance, monetary authorities, Monetary policy, mortgages, operating costs, pensions, Private banks, Privatization, Public banks, public enterprises, public firms, recapitalization, regulatory framework, regulatory regime, Return on Assets, Return on Equity, Savings, Shareholder, society, solvency, solvency ratio, solvency ratios, state-owned companies, stock market, Sub-Saharan Africa, subsidiaries, subsidiary, supervisory authorities, supervisory framework, transparency, Union, Unions, WAGES



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Togo - Financial sector review : Togo - Revue du secteur financier (French). Washington, D.C. : World Bank Group.