Abstract
Subject Outlook for pan-African banking. Significance The collective assets of Africa's largest 200 banks rose to around 1.5 trillion dollars in 2014, 8.5% up on the previous year. For a small number of these -- the 'pan-African banks' -- such growth is assisted by the cumulative effect of several years of outward expansion from their home markets. These lenders aim to tap high-growth economies and market their services to large, unbanked populations. Impacts Imported IT systems needed to comply with post-financial crisis regulations will raise costs for South African banks, depressing profits. The decline in oil-related business will push Angolan banks to reduce overhead costs, accelerating consolidation. Nigeria's rule that all account holders register for a bank verification number and submit biometric data should to help combat fraud.
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