Banks and Microbanks

Using two new datasets, the authors examine whether the presence of banks affects the profitability and outreach of microfinance institutions. They find evidence that competition matters. Greater bank penetration in the overall economy is associated with microbanks pushing toward poorer markets, as reflected in smaller average loans sizes and greater outreach to women. The evidence is particularly strong for microbanks relying on commercial funding and using traditional bilateral lending contracts (rather than the group lending methods favored by microfinance nongovernmental organizations). The analysis considers plausible alternative explanations for the correlations, including relationships that run through the nature of the regulatory environment and the structure of the banking environment; but it fails to find strong support for these alternative hypotheses.

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Bibliographic Details
Main Authors: Cull, Robert, Demirgüç-Kunt, Asli, Morduch, Jonathan
Language:English
Published: 2009-10-01
Subjects:ACCESS TO CREDIT, ACCESS TO FINANCIAL SERVICES, AFFILIATE, AGENCY PROBLEMS, BALANCE SHEET, BANK BRANCH, BANK BRANCH NETWORKS, BANK BRANCHES, BANK ENTRY, BANK INTEREST RATE, BANK LENDERS, BANK LENDING, BANK LOAN, BANK MERGERS, BANK POLICY, BANKING CONCENTRATION, BANKING INDUSTRY, BANKING SECTOR, BANKING SECTOR ASSETS, BANKING SECTOR DEVELOPMENT, BANKING SECTOR EFFICIENCY, BANKING SECTOR OUTREACH, BANKING SECTORS, BANKING SERVICES, BANKING SYSTEM, BANKING SYSTEMS, BANKS, BORROWER, BORROWING, BRANCH NETWORK, BROAD ACCESS, CAPITAL COSTS, CASH FLOWS, CENTRAL BANKS, CHARTER, COLLATERAL, COLLATERAL REQUIREMENTS, COMMERCIAL BANKING, COMMERCIAL BANKS, COMMERCIAL BORROWING, COMMERCIAL INVESTMENT, COMMERCIAL LAW, COMPANY, CREDIT CONSTRAINTS, CREDIT MARKET, CREDIT SCORING, CREDITS, CREDITWORTHINESS, DEFAULT RATES, DEPOSIT, DEPOSIT ACCOUNTS, DEPOSIT INTEREST, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT ECONOMICS, DUMMY VARIABLE, DUMMY VARIABLES, ECONOMIC ACTIVITY, ECONOMIC GROWTH, ECONOMIC THEORY, ENDOWMENTS, ENROLLMENT, ENTERPRISE DEVELOPMENT, EXPANSION, FEMALE CLIENTS, FINANCIAL ACCESS, FINANCIAL CRISES, FINANCIAL DATA, FINANCIAL DEPTH, FINANCIAL DEVELOPMENT, FINANCIAL INNOVATIONS, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIATION, FINANCIAL PERFORMANCE, FINANCIAL RATIOS, FINANCIAL SELF-SUFFICIENCY, FINANCIAL SERVICES, FINANCIAL STATEMENTS, FINANCIAL SUSTAINABILITY, FINANCIAL SYSTEMS, FINANCING OBSTACLES, FIRMS, FLEXIBLE FINANCING, FOREIGN BANK, FOREIGN BANK ENTRY, FOREIGN BANKS, FORMAL BANKS, FORMAL FINANCIAL SECTOR, GDP, GREATER CREDIT AVAILABILITY, GROSS DOMESTIC PRODUCT, GROUP LENDING, GROUP LOANS, GROWTH RATE, HIGHER EDUCATION LEVELS, ID, INCOME STATEMENTS, INDEBTEDNESS, INFLATION, INFLATION RATE, INITIAL PUBLIC OFFERING, INSTITUTIONAL DEVELOPMENT, INTEREST INCOME, INTEREST RATE, INTEREST RATE SPREAD, INTEREST RATE SPREADS, INTEREST RATES, INTEREST RATES ON LOANS, INTERNATIONAL BANK, IPO, JOINT LIABILITY, LABOR COSTS, LAISSEZ FAIRE, LENDER, LENDERS, LENDING PRACTICES, LEVEL OF REPAYMENT, LINES OF CREDIT, LOAN, LOAN BALANCE, LOAN CONTRACTS, LOAN OFFICER, LOAN OFFICERS, LOAN REPAYMENT, LOAN SIZE, LOAN SIZES, LOANS TO INDIVIDUAL, LOANS TO INDIVIDUALS, LOCAL MARKET, LONG-TERM LIABILITIES, LOW-INCOME BORROWERS, MACROECONOMIC CONTEXT, MACROECONOMIC ENVIRONMENT, MARKET COMPETITION, MARKET SIZE, MFI, MFIS, MICROBANKING, MICROFINANCE, MICROFINANCE INDUSTRY, MICROFINANCE INSTITUTION, MICROFINANCE INSTITUTIONS, MICROFINANCE LOAN, MICROFINANCE LOANS, MICROFINANCE MARKET, MICROFINANCE ORGANIZATIONS, NEW ENTRANTS, NEW MARKET, NON-PERFORMING LOANS, NONGOVERNMENTAL ORGANIZATIONS, OPERATING EXPENSES, ORGANIZATIONAL STRUCTURE, OUTREACH, OWNERSHIP STRUCTURE, PER CAPITA INCOME, POLITICAL ECONOMY, POOL OF BORROWERS, PORTFOLIO, PORTFOLIO QUALITY, PORTFOLIOS, PRIVATE CREDIT, PRODUCTIVITY, PROFITABILITY, PROFITABILITY MEASURES, PRUDENTIAL SUPERVISION, PURCHASING POWER, PURCHASING POWER PARITY, REAL GDP, REGIONAL DUMMIES, REPAYMENT, REPAYMENT RATES, RESERVES, RETURN, RETURN ON ASSETS, RULE OF LAW, SAVINGS, SHARE OF ASSETS, SMALL BANKS, SMALL BORROWERS, SMALL BUSINESS, SMALL BUSINESS CREDIT, SMALL BUSINESS LENDING, SMALL BUSINESS LOANS, SMALL BUSINESSES, SMALL ENTERPRISE, SMALL FIRM, SMALL FIRM FINANCE, SMALL FIRMS, SMALL LOANS, SOFT LOANS, SOLIDARITY GROUP LENDING, SOURCES OF FINANCE, SOURCES OF FUNDS, TRANSITION COUNTRIES, VILLAGE, WOMEN BORROWERS,
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091014140231
https://hdl.handle.net/10986/4270
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record_format koha
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
topic ACCESS TO CREDIT
ACCESS TO FINANCIAL SERVICES
AFFILIATE
AGENCY PROBLEMS
BALANCE SHEET
BANK BRANCH
BANK BRANCH NETWORKS
BANK BRANCHES
BANK ENTRY
BANK INTEREST RATE
BANK LENDERS
BANK LENDING
BANK LOAN
BANK MERGERS
BANK POLICY
BANKING CONCENTRATION
BANKING INDUSTRY
BANKING SECTOR
BANKING SECTOR ASSETS
BANKING SECTOR DEVELOPMENT
BANKING SECTOR EFFICIENCY
BANKING SECTOR OUTREACH
BANKING SECTORS
BANKING SERVICES
BANKING SYSTEM
BANKING SYSTEMS
BANKS
BORROWER
BORROWING
BRANCH NETWORK
BROAD ACCESS
CAPITAL COSTS
CASH FLOWS
CENTRAL BANKS
CHARTER
COLLATERAL
COLLATERAL REQUIREMENTS
COMMERCIAL BANKING
COMMERCIAL BANKS
COMMERCIAL BORROWING
COMMERCIAL INVESTMENT
COMMERCIAL LAW
COMPANY
CREDIT CONSTRAINTS
CREDIT MARKET
CREDIT SCORING
CREDITS
CREDITWORTHINESS
DEFAULT RATES
DEPOSIT
DEPOSIT ACCOUNTS
DEPOSIT INTEREST
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DUMMY VARIABLE
DUMMY VARIABLES
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC THEORY
ENDOWMENTS
ENROLLMENT
ENTERPRISE DEVELOPMENT
EXPANSION
FEMALE CLIENTS
FINANCIAL ACCESS
FINANCIAL CRISES
FINANCIAL DATA
FINANCIAL DEPTH
FINANCIAL DEVELOPMENT
FINANCIAL INNOVATIONS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIATION
FINANCIAL PERFORMANCE
FINANCIAL RATIOS
FINANCIAL SELF-SUFFICIENCY
FINANCIAL SERVICES
FINANCIAL STATEMENTS
FINANCIAL SUSTAINABILITY
FINANCIAL SYSTEMS
FINANCING OBSTACLES
FIRMS
FLEXIBLE FINANCING
FOREIGN BANK
FOREIGN BANK ENTRY
FOREIGN BANKS
FORMAL BANKS
FORMAL FINANCIAL SECTOR
GDP
GREATER CREDIT AVAILABILITY
GROSS DOMESTIC PRODUCT
GROUP LENDING
GROUP LOANS
GROWTH RATE
HIGHER EDUCATION LEVELS
ID
INCOME STATEMENTS
INDEBTEDNESS
INFLATION
INFLATION RATE
INITIAL PUBLIC OFFERING
INSTITUTIONAL DEVELOPMENT
INTEREST INCOME
INTEREST RATE
INTEREST RATE SPREAD
INTEREST RATE SPREADS
INTEREST RATES
INTEREST RATES ON LOANS
INTERNATIONAL BANK
IPO
JOINT LIABILITY
LABOR COSTS
LAISSEZ FAIRE
LENDER
LENDERS
LENDING PRACTICES
LEVEL OF REPAYMENT
LINES OF CREDIT
LOAN
LOAN BALANCE
LOAN CONTRACTS
LOAN OFFICER
LOAN OFFICERS
LOAN REPAYMENT
LOAN SIZE
LOAN SIZES
LOANS TO INDIVIDUAL
LOANS TO INDIVIDUALS
LOCAL MARKET
LONG-TERM LIABILITIES
LOW-INCOME BORROWERS
MACROECONOMIC CONTEXT
MACROECONOMIC ENVIRONMENT
MARKET COMPETITION
MARKET SIZE
MFI
MFIS
MICROBANKING
MICROFINANCE
MICROFINANCE INDUSTRY
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTIONS
MICROFINANCE LOAN
MICROFINANCE LOANS
MICROFINANCE MARKET
MICROFINANCE ORGANIZATIONS
NEW ENTRANTS
NEW MARKET
NON-PERFORMING LOANS
NONGOVERNMENTAL ORGANIZATIONS
OPERATING EXPENSES
ORGANIZATIONAL STRUCTURE
OUTREACH
OWNERSHIP STRUCTURE
PER CAPITA INCOME
POLITICAL ECONOMY
POOL OF BORROWERS
PORTFOLIO
PORTFOLIO QUALITY
PORTFOLIOS
PRIVATE CREDIT
PRODUCTIVITY
PROFITABILITY
PROFITABILITY MEASURES
PRUDENTIAL SUPERVISION
PURCHASING POWER
PURCHASING POWER PARITY
REAL GDP
REGIONAL DUMMIES
REPAYMENT
REPAYMENT RATES
RESERVES
RETURN
RETURN ON ASSETS
RULE OF LAW
SAVINGS
SHARE OF ASSETS
SMALL BANKS
SMALL BORROWERS
SMALL BUSINESS
SMALL BUSINESS CREDIT
SMALL BUSINESS LENDING
SMALL BUSINESS LOANS
SMALL BUSINESSES
SMALL ENTERPRISE
SMALL FIRM
SMALL FIRM FINANCE
SMALL FIRMS
SMALL LOANS
SOFT LOANS
SOLIDARITY GROUP LENDING
SOURCES OF FINANCE
SOURCES OF FUNDS
TRANSITION COUNTRIES
VILLAGE
WOMEN BORROWERS
ACCESS TO CREDIT
ACCESS TO FINANCIAL SERVICES
AFFILIATE
AGENCY PROBLEMS
BALANCE SHEET
BANK BRANCH
BANK BRANCH NETWORKS
BANK BRANCHES
BANK ENTRY
BANK INTEREST RATE
BANK LENDERS
BANK LENDING
BANK LOAN
BANK MERGERS
BANK POLICY
BANKING CONCENTRATION
BANKING INDUSTRY
BANKING SECTOR
BANKING SECTOR ASSETS
BANKING SECTOR DEVELOPMENT
BANKING SECTOR EFFICIENCY
BANKING SECTOR OUTREACH
BANKING SECTORS
BANKING SERVICES
BANKING SYSTEM
BANKING SYSTEMS
BANKS
BORROWER
BORROWING
BRANCH NETWORK
BROAD ACCESS
CAPITAL COSTS
CASH FLOWS
CENTRAL BANKS
CHARTER
COLLATERAL
COLLATERAL REQUIREMENTS
COMMERCIAL BANKING
COMMERCIAL BANKS
COMMERCIAL BORROWING
COMMERCIAL INVESTMENT
COMMERCIAL LAW
COMPANY
CREDIT CONSTRAINTS
CREDIT MARKET
CREDIT SCORING
CREDITS
CREDITWORTHINESS
DEFAULT RATES
DEPOSIT
DEPOSIT ACCOUNTS
DEPOSIT INTEREST
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DUMMY VARIABLE
DUMMY VARIABLES
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC THEORY
ENDOWMENTS
ENROLLMENT
ENTERPRISE DEVELOPMENT
EXPANSION
FEMALE CLIENTS
FINANCIAL ACCESS
FINANCIAL CRISES
FINANCIAL DATA
FINANCIAL DEPTH
FINANCIAL DEVELOPMENT
FINANCIAL INNOVATIONS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIATION
FINANCIAL PERFORMANCE
FINANCIAL RATIOS
FINANCIAL SELF-SUFFICIENCY
FINANCIAL SERVICES
FINANCIAL STATEMENTS
FINANCIAL SUSTAINABILITY
FINANCIAL SYSTEMS
FINANCING OBSTACLES
FIRMS
FLEXIBLE FINANCING
FOREIGN BANK
FOREIGN BANK ENTRY
FOREIGN BANKS
FORMAL BANKS
FORMAL FINANCIAL SECTOR
GDP
GREATER CREDIT AVAILABILITY
GROSS DOMESTIC PRODUCT
GROUP LENDING
GROUP LOANS
GROWTH RATE
HIGHER EDUCATION LEVELS
ID
INCOME STATEMENTS
INDEBTEDNESS
INFLATION
INFLATION RATE
INITIAL PUBLIC OFFERING
INSTITUTIONAL DEVELOPMENT
INTEREST INCOME
INTEREST RATE
INTEREST RATE SPREAD
INTEREST RATE SPREADS
INTEREST RATES
INTEREST RATES ON LOANS
INTERNATIONAL BANK
IPO
JOINT LIABILITY
LABOR COSTS
LAISSEZ FAIRE
LENDER
LENDERS
LENDING PRACTICES
LEVEL OF REPAYMENT
LINES OF CREDIT
LOAN
LOAN BALANCE
LOAN CONTRACTS
LOAN OFFICER
LOAN OFFICERS
LOAN REPAYMENT
LOAN SIZE
LOAN SIZES
LOANS TO INDIVIDUAL
LOANS TO INDIVIDUALS
LOCAL MARKET
LONG-TERM LIABILITIES
LOW-INCOME BORROWERS
MACROECONOMIC CONTEXT
MACROECONOMIC ENVIRONMENT
MARKET COMPETITION
MARKET SIZE
MFI
MFIS
MICROBANKING
MICROFINANCE
MICROFINANCE INDUSTRY
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTIONS
MICROFINANCE LOAN
MICROFINANCE LOANS
MICROFINANCE MARKET
MICROFINANCE ORGANIZATIONS
NEW ENTRANTS
NEW MARKET
NON-PERFORMING LOANS
NONGOVERNMENTAL ORGANIZATIONS
OPERATING EXPENSES
ORGANIZATIONAL STRUCTURE
OUTREACH
OWNERSHIP STRUCTURE
PER CAPITA INCOME
POLITICAL ECONOMY
POOL OF BORROWERS
PORTFOLIO
PORTFOLIO QUALITY
PORTFOLIOS
PRIVATE CREDIT
PRODUCTIVITY
PROFITABILITY
PROFITABILITY MEASURES
PRUDENTIAL SUPERVISION
PURCHASING POWER
PURCHASING POWER PARITY
REAL GDP
REGIONAL DUMMIES
REPAYMENT
REPAYMENT RATES
RESERVES
RETURN
RETURN ON ASSETS
RULE OF LAW
SAVINGS
SHARE OF ASSETS
SMALL BANKS
SMALL BORROWERS
SMALL BUSINESS
SMALL BUSINESS CREDIT
SMALL BUSINESS LENDING
SMALL BUSINESS LOANS
SMALL BUSINESSES
SMALL ENTERPRISE
SMALL FIRM
SMALL FIRM FINANCE
SMALL FIRMS
SMALL LOANS
SOFT LOANS
SOLIDARITY GROUP LENDING
SOURCES OF FINANCE
SOURCES OF FUNDS
TRANSITION COUNTRIES
VILLAGE
WOMEN BORROWERS
spellingShingle ACCESS TO CREDIT
ACCESS TO FINANCIAL SERVICES
AFFILIATE
AGENCY PROBLEMS
BALANCE SHEET
BANK BRANCH
BANK BRANCH NETWORKS
BANK BRANCHES
BANK ENTRY
BANK INTEREST RATE
BANK LENDERS
BANK LENDING
BANK LOAN
BANK MERGERS
BANK POLICY
BANKING CONCENTRATION
BANKING INDUSTRY
BANKING SECTOR
BANKING SECTOR ASSETS
BANKING SECTOR DEVELOPMENT
BANKING SECTOR EFFICIENCY
BANKING SECTOR OUTREACH
BANKING SECTORS
BANKING SERVICES
BANKING SYSTEM
BANKING SYSTEMS
BANKS
BORROWER
BORROWING
BRANCH NETWORK
BROAD ACCESS
CAPITAL COSTS
CASH FLOWS
CENTRAL BANKS
CHARTER
COLLATERAL
COLLATERAL REQUIREMENTS
COMMERCIAL BANKING
COMMERCIAL BANKS
COMMERCIAL BORROWING
COMMERCIAL INVESTMENT
COMMERCIAL LAW
COMPANY
CREDIT CONSTRAINTS
CREDIT MARKET
CREDIT SCORING
CREDITS
CREDITWORTHINESS
DEFAULT RATES
DEPOSIT
DEPOSIT ACCOUNTS
DEPOSIT INTEREST
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DUMMY VARIABLE
DUMMY VARIABLES
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC THEORY
ENDOWMENTS
ENROLLMENT
ENTERPRISE DEVELOPMENT
EXPANSION
FEMALE CLIENTS
FINANCIAL ACCESS
FINANCIAL CRISES
FINANCIAL DATA
FINANCIAL DEPTH
FINANCIAL DEVELOPMENT
FINANCIAL INNOVATIONS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIATION
FINANCIAL PERFORMANCE
FINANCIAL RATIOS
FINANCIAL SELF-SUFFICIENCY
FINANCIAL SERVICES
FINANCIAL STATEMENTS
FINANCIAL SUSTAINABILITY
FINANCIAL SYSTEMS
FINANCING OBSTACLES
FIRMS
FLEXIBLE FINANCING
FOREIGN BANK
FOREIGN BANK ENTRY
FOREIGN BANKS
FORMAL BANKS
FORMAL FINANCIAL SECTOR
GDP
GREATER CREDIT AVAILABILITY
GROSS DOMESTIC PRODUCT
GROUP LENDING
GROUP LOANS
GROWTH RATE
HIGHER EDUCATION LEVELS
ID
INCOME STATEMENTS
INDEBTEDNESS
INFLATION
INFLATION RATE
INITIAL PUBLIC OFFERING
INSTITUTIONAL DEVELOPMENT
INTEREST INCOME
INTEREST RATE
INTEREST RATE SPREAD
INTEREST RATE SPREADS
INTEREST RATES
INTEREST RATES ON LOANS
INTERNATIONAL BANK
IPO
JOINT LIABILITY
LABOR COSTS
LAISSEZ FAIRE
LENDER
LENDERS
LENDING PRACTICES
LEVEL OF REPAYMENT
LINES OF CREDIT
LOAN
LOAN BALANCE
LOAN CONTRACTS
LOAN OFFICER
LOAN OFFICERS
LOAN REPAYMENT
LOAN SIZE
LOAN SIZES
LOANS TO INDIVIDUAL
LOANS TO INDIVIDUALS
LOCAL MARKET
LONG-TERM LIABILITIES
LOW-INCOME BORROWERS
MACROECONOMIC CONTEXT
MACROECONOMIC ENVIRONMENT
MARKET COMPETITION
MARKET SIZE
MFI
MFIS
MICROBANKING
MICROFINANCE
MICROFINANCE INDUSTRY
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTIONS
MICROFINANCE LOAN
MICROFINANCE LOANS
MICROFINANCE MARKET
MICROFINANCE ORGANIZATIONS
NEW ENTRANTS
NEW MARKET
NON-PERFORMING LOANS
NONGOVERNMENTAL ORGANIZATIONS
OPERATING EXPENSES
ORGANIZATIONAL STRUCTURE
OUTREACH
OWNERSHIP STRUCTURE
PER CAPITA INCOME
POLITICAL ECONOMY
POOL OF BORROWERS
PORTFOLIO
PORTFOLIO QUALITY
PORTFOLIOS
PRIVATE CREDIT
PRODUCTIVITY
PROFITABILITY
PROFITABILITY MEASURES
PRUDENTIAL SUPERVISION
PURCHASING POWER
PURCHASING POWER PARITY
REAL GDP
REGIONAL DUMMIES
REPAYMENT
REPAYMENT RATES
RESERVES
RETURN
RETURN ON ASSETS
RULE OF LAW
SAVINGS
SHARE OF ASSETS
SMALL BANKS
SMALL BORROWERS
SMALL BUSINESS
SMALL BUSINESS CREDIT
SMALL BUSINESS LENDING
SMALL BUSINESS LOANS
SMALL BUSINESSES
SMALL ENTERPRISE
SMALL FIRM
SMALL FIRM FINANCE
SMALL FIRMS
SMALL LOANS
SOFT LOANS
SOLIDARITY GROUP LENDING
SOURCES OF FINANCE
SOURCES OF FUNDS
TRANSITION COUNTRIES
VILLAGE
WOMEN BORROWERS
ACCESS TO CREDIT
ACCESS TO FINANCIAL SERVICES
AFFILIATE
AGENCY PROBLEMS
BALANCE SHEET
BANK BRANCH
BANK BRANCH NETWORKS
BANK BRANCHES
BANK ENTRY
BANK INTEREST RATE
BANK LENDERS
BANK LENDING
BANK LOAN
BANK MERGERS
BANK POLICY
BANKING CONCENTRATION
BANKING INDUSTRY
BANKING SECTOR
BANKING SECTOR ASSETS
BANKING SECTOR DEVELOPMENT
BANKING SECTOR EFFICIENCY
BANKING SECTOR OUTREACH
BANKING SECTORS
BANKING SERVICES
BANKING SYSTEM
BANKING SYSTEMS
BANKS
BORROWER
BORROWING
BRANCH NETWORK
BROAD ACCESS
CAPITAL COSTS
CASH FLOWS
CENTRAL BANKS
CHARTER
COLLATERAL
COLLATERAL REQUIREMENTS
COMMERCIAL BANKING
COMMERCIAL BANKS
COMMERCIAL BORROWING
COMMERCIAL INVESTMENT
COMMERCIAL LAW
COMPANY
CREDIT CONSTRAINTS
CREDIT MARKET
CREDIT SCORING
CREDITS
CREDITWORTHINESS
DEFAULT RATES
DEPOSIT
DEPOSIT ACCOUNTS
DEPOSIT INTEREST
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DUMMY VARIABLE
DUMMY VARIABLES
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC THEORY
ENDOWMENTS
ENROLLMENT
ENTERPRISE DEVELOPMENT
EXPANSION
FEMALE CLIENTS
FINANCIAL ACCESS
FINANCIAL CRISES
FINANCIAL DATA
FINANCIAL DEPTH
FINANCIAL DEVELOPMENT
FINANCIAL INNOVATIONS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIATION
FINANCIAL PERFORMANCE
FINANCIAL RATIOS
FINANCIAL SELF-SUFFICIENCY
FINANCIAL SERVICES
FINANCIAL STATEMENTS
FINANCIAL SUSTAINABILITY
FINANCIAL SYSTEMS
FINANCING OBSTACLES
FIRMS
FLEXIBLE FINANCING
FOREIGN BANK
FOREIGN BANK ENTRY
FOREIGN BANKS
FORMAL BANKS
FORMAL FINANCIAL SECTOR
GDP
GREATER CREDIT AVAILABILITY
GROSS DOMESTIC PRODUCT
GROUP LENDING
GROUP LOANS
GROWTH RATE
HIGHER EDUCATION LEVELS
ID
INCOME STATEMENTS
INDEBTEDNESS
INFLATION
INFLATION RATE
INITIAL PUBLIC OFFERING
INSTITUTIONAL DEVELOPMENT
INTEREST INCOME
INTEREST RATE
INTEREST RATE SPREAD
INTEREST RATE SPREADS
INTEREST RATES
INTEREST RATES ON LOANS
INTERNATIONAL BANK
IPO
JOINT LIABILITY
LABOR COSTS
LAISSEZ FAIRE
LENDER
LENDERS
LENDING PRACTICES
LEVEL OF REPAYMENT
LINES OF CREDIT
LOAN
LOAN BALANCE
LOAN CONTRACTS
LOAN OFFICER
LOAN OFFICERS
LOAN REPAYMENT
LOAN SIZE
LOAN SIZES
LOANS TO INDIVIDUAL
LOANS TO INDIVIDUALS
LOCAL MARKET
LONG-TERM LIABILITIES
LOW-INCOME BORROWERS
MACROECONOMIC CONTEXT
MACROECONOMIC ENVIRONMENT
MARKET COMPETITION
MARKET SIZE
MFI
MFIS
MICROBANKING
MICROFINANCE
MICROFINANCE INDUSTRY
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTIONS
MICROFINANCE LOAN
MICROFINANCE LOANS
MICROFINANCE MARKET
MICROFINANCE ORGANIZATIONS
NEW ENTRANTS
NEW MARKET
NON-PERFORMING LOANS
NONGOVERNMENTAL ORGANIZATIONS
OPERATING EXPENSES
ORGANIZATIONAL STRUCTURE
OUTREACH
OWNERSHIP STRUCTURE
PER CAPITA INCOME
POLITICAL ECONOMY
POOL OF BORROWERS
PORTFOLIO
PORTFOLIO QUALITY
PORTFOLIOS
PRIVATE CREDIT
PRODUCTIVITY
PROFITABILITY
PROFITABILITY MEASURES
PRUDENTIAL SUPERVISION
PURCHASING POWER
PURCHASING POWER PARITY
REAL GDP
REGIONAL DUMMIES
REPAYMENT
REPAYMENT RATES
RESERVES
RETURN
RETURN ON ASSETS
RULE OF LAW
SAVINGS
SHARE OF ASSETS
SMALL BANKS
SMALL BORROWERS
SMALL BUSINESS
SMALL BUSINESS CREDIT
SMALL BUSINESS LENDING
SMALL BUSINESS LOANS
SMALL BUSINESSES
SMALL ENTERPRISE
SMALL FIRM
SMALL FIRM FINANCE
SMALL FIRMS
SMALL LOANS
SOFT LOANS
SOLIDARITY GROUP LENDING
SOURCES OF FINANCE
SOURCES OF FUNDS
TRANSITION COUNTRIES
VILLAGE
WOMEN BORROWERS
Cull, Robert
Demirgüç-Kunt, Asli
Morduch, Jonathan
Banks and Microbanks
description Using two new datasets, the authors examine whether the presence of banks affects the profitability and outreach of microfinance institutions. They find evidence that competition matters. Greater bank penetration in the overall economy is associated with microbanks pushing toward poorer markets, as reflected in smaller average loans sizes and greater outreach to women. The evidence is particularly strong for microbanks relying on commercial funding and using traditional bilateral lending contracts (rather than the group lending methods favored by microfinance nongovernmental organizations). The analysis considers plausible alternative explanations for the correlations, including relationships that run through the nature of the regulatory environment and the structure of the banking environment; but it fails to find strong support for these alternative hypotheses.
topic_facet ACCESS TO CREDIT
ACCESS TO FINANCIAL SERVICES
AFFILIATE
AGENCY PROBLEMS
BALANCE SHEET
BANK BRANCH
BANK BRANCH NETWORKS
BANK BRANCHES
BANK ENTRY
BANK INTEREST RATE
BANK LENDERS
BANK LENDING
BANK LOAN
BANK MERGERS
BANK POLICY
BANKING CONCENTRATION
BANKING INDUSTRY
BANKING SECTOR
BANKING SECTOR ASSETS
BANKING SECTOR DEVELOPMENT
BANKING SECTOR EFFICIENCY
BANKING SECTOR OUTREACH
BANKING SECTORS
BANKING SERVICES
BANKING SYSTEM
BANKING SYSTEMS
BANKS
BORROWER
BORROWING
BRANCH NETWORK
BROAD ACCESS
CAPITAL COSTS
CASH FLOWS
CENTRAL BANKS
CHARTER
COLLATERAL
COLLATERAL REQUIREMENTS
COMMERCIAL BANKING
COMMERCIAL BANKS
COMMERCIAL BORROWING
COMMERCIAL INVESTMENT
COMMERCIAL LAW
COMPANY
CREDIT CONSTRAINTS
CREDIT MARKET
CREDIT SCORING
CREDITS
CREDITWORTHINESS
DEFAULT RATES
DEPOSIT
DEPOSIT ACCOUNTS
DEPOSIT INTEREST
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DUMMY VARIABLE
DUMMY VARIABLES
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC THEORY
ENDOWMENTS
ENROLLMENT
ENTERPRISE DEVELOPMENT
EXPANSION
FEMALE CLIENTS
FINANCIAL ACCESS
FINANCIAL CRISES
FINANCIAL DATA
FINANCIAL DEPTH
FINANCIAL DEVELOPMENT
FINANCIAL INNOVATIONS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIATION
FINANCIAL PERFORMANCE
FINANCIAL RATIOS
FINANCIAL SELF-SUFFICIENCY
FINANCIAL SERVICES
FINANCIAL STATEMENTS
FINANCIAL SUSTAINABILITY
FINANCIAL SYSTEMS
FINANCING OBSTACLES
FIRMS
FLEXIBLE FINANCING
FOREIGN BANK
FOREIGN BANK ENTRY
FOREIGN BANKS
FORMAL BANKS
FORMAL FINANCIAL SECTOR
GDP
GREATER CREDIT AVAILABILITY
GROSS DOMESTIC PRODUCT
GROUP LENDING
GROUP LOANS
GROWTH RATE
HIGHER EDUCATION LEVELS
ID
INCOME STATEMENTS
INDEBTEDNESS
INFLATION
INFLATION RATE
INITIAL PUBLIC OFFERING
INSTITUTIONAL DEVELOPMENT
INTEREST INCOME
INTEREST RATE
INTEREST RATE SPREAD
INTEREST RATE SPREADS
INTEREST RATES
INTEREST RATES ON LOANS
INTERNATIONAL BANK
IPO
JOINT LIABILITY
LABOR COSTS
LAISSEZ FAIRE
LENDER
LENDERS
LENDING PRACTICES
LEVEL OF REPAYMENT
LINES OF CREDIT
LOAN
LOAN BALANCE
LOAN CONTRACTS
LOAN OFFICER
LOAN OFFICERS
LOAN REPAYMENT
LOAN SIZE
LOAN SIZES
LOANS TO INDIVIDUAL
LOANS TO INDIVIDUALS
LOCAL MARKET
LONG-TERM LIABILITIES
LOW-INCOME BORROWERS
MACROECONOMIC CONTEXT
MACROECONOMIC ENVIRONMENT
MARKET COMPETITION
MARKET SIZE
MFI
MFIS
MICROBANKING
MICROFINANCE
MICROFINANCE INDUSTRY
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTIONS
MICROFINANCE LOAN
MICROFINANCE LOANS
MICROFINANCE MARKET
MICROFINANCE ORGANIZATIONS
NEW ENTRANTS
NEW MARKET
NON-PERFORMING LOANS
NONGOVERNMENTAL ORGANIZATIONS
OPERATING EXPENSES
ORGANIZATIONAL STRUCTURE
OUTREACH
OWNERSHIP STRUCTURE
PER CAPITA INCOME
POLITICAL ECONOMY
POOL OF BORROWERS
PORTFOLIO
PORTFOLIO QUALITY
PORTFOLIOS
PRIVATE CREDIT
PRODUCTIVITY
PROFITABILITY
PROFITABILITY MEASURES
PRUDENTIAL SUPERVISION
PURCHASING POWER
PURCHASING POWER PARITY
REAL GDP
REGIONAL DUMMIES
REPAYMENT
REPAYMENT RATES
RESERVES
RETURN
RETURN ON ASSETS
RULE OF LAW
SAVINGS
SHARE OF ASSETS
SMALL BANKS
SMALL BORROWERS
SMALL BUSINESS
SMALL BUSINESS CREDIT
SMALL BUSINESS LENDING
SMALL BUSINESS LOANS
SMALL BUSINESSES
SMALL ENTERPRISE
SMALL FIRM
SMALL FIRM FINANCE
SMALL FIRMS
SMALL LOANS
SOFT LOANS
SOLIDARITY GROUP LENDING
SOURCES OF FINANCE
SOURCES OF FUNDS
TRANSITION COUNTRIES
VILLAGE
WOMEN BORROWERS
author Cull, Robert
Demirgüç-Kunt, Asli
Morduch, Jonathan
author_facet Cull, Robert
Demirgüç-Kunt, Asli
Morduch, Jonathan
author_sort Cull, Robert
title Banks and Microbanks
title_short Banks and Microbanks
title_full Banks and Microbanks
title_fullStr Banks and Microbanks
title_full_unstemmed Banks and Microbanks
title_sort banks and microbanks
publishDate 2009-10-01
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091014140231
https://hdl.handle.net/10986/4270
work_keys_str_mv AT cullrobert banksandmicrobanks
AT demirguckuntasli banksandmicrobanks
AT morduchjonathan banksandmicrobanks
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spelling dig-okr-1098642702024-08-08T16:19:07Z Banks and Microbanks Cull, Robert Demirgüç-Kunt, Asli Morduch, Jonathan ACCESS TO CREDIT ACCESS TO FINANCIAL SERVICES AFFILIATE AGENCY PROBLEMS BALANCE SHEET BANK BRANCH BANK BRANCH NETWORKS BANK BRANCHES BANK ENTRY BANK INTEREST RATE BANK LENDERS BANK LENDING BANK LOAN BANK MERGERS BANK POLICY BANKING CONCENTRATION BANKING INDUSTRY BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTOR DEVELOPMENT BANKING SECTOR EFFICIENCY BANKING SECTOR OUTREACH BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKS BORROWER BORROWING BRANCH NETWORK BROAD ACCESS CAPITAL COSTS CASH FLOWS CENTRAL BANKS CHARTER COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL BORROWING COMMERCIAL INVESTMENT COMMERCIAL LAW COMPANY CREDIT CONSTRAINTS CREDIT MARKET CREDIT SCORING CREDITS CREDITWORTHINESS DEFAULT RATES DEPOSIT DEPOSIT ACCOUNTS DEPOSIT INTEREST DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DUMMY VARIABLE DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC THEORY ENDOWMENTS ENROLLMENT ENTERPRISE DEVELOPMENT EXPANSION FEMALE CLIENTS FINANCIAL ACCESS FINANCIAL CRISES FINANCIAL DATA FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL INNOVATIONS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL SELF-SUFFICIENCY FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEMS FINANCING OBSTACLES FIRMS FLEXIBLE FINANCING FOREIGN BANK FOREIGN BANK ENTRY FOREIGN BANKS FORMAL BANKS FORMAL FINANCIAL SECTOR GDP GREATER CREDIT AVAILABILITY GROSS DOMESTIC PRODUCT GROUP LENDING GROUP LOANS GROWTH RATE HIGHER EDUCATION LEVELS ID INCOME STATEMENTS INDEBTEDNESS INFLATION INFLATION RATE INITIAL PUBLIC OFFERING INSTITUTIONAL DEVELOPMENT INTEREST INCOME INTEREST RATE INTEREST RATE SPREAD INTEREST RATE SPREADS INTEREST RATES INTEREST RATES ON LOANS INTERNATIONAL BANK IPO JOINT LIABILITY LABOR COSTS LAISSEZ FAIRE LENDER LENDERS LENDING PRACTICES LEVEL OF REPAYMENT LINES OF CREDIT LOAN LOAN BALANCE LOAN CONTRACTS LOAN OFFICER LOAN OFFICERS LOAN REPAYMENT LOAN SIZE LOAN SIZES LOANS TO INDIVIDUAL LOANS TO INDIVIDUALS LOCAL MARKET LONG-TERM LIABILITIES LOW-INCOME BORROWERS MACROECONOMIC CONTEXT MACROECONOMIC ENVIRONMENT MARKET COMPETITION MARKET SIZE MFI MFIS MICROBANKING MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE LOAN MICROFINANCE LOANS MICROFINANCE MARKET MICROFINANCE ORGANIZATIONS NEW ENTRANTS NEW MARKET NON-PERFORMING LOANS NONGOVERNMENTAL ORGANIZATIONS OPERATING EXPENSES ORGANIZATIONAL STRUCTURE OUTREACH OWNERSHIP STRUCTURE PER CAPITA INCOME POLITICAL ECONOMY POOL OF BORROWERS PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PRIVATE CREDIT PRODUCTIVITY PROFITABILITY PROFITABILITY MEASURES PRUDENTIAL SUPERVISION PURCHASING POWER PURCHASING POWER PARITY REAL GDP REGIONAL DUMMIES REPAYMENT REPAYMENT RATES RESERVES RETURN RETURN ON ASSETS RULE OF LAW SAVINGS SHARE OF ASSETS SMALL BANKS SMALL BORROWERS SMALL BUSINESS SMALL BUSINESS CREDIT SMALL BUSINESS LENDING SMALL BUSINESS LOANS SMALL BUSINESSES SMALL ENTERPRISE SMALL FIRM SMALL FIRM FINANCE SMALL FIRMS SMALL LOANS SOFT LOANS SOLIDARITY GROUP LENDING SOURCES OF FINANCE SOURCES OF FUNDS TRANSITION COUNTRIES VILLAGE WOMEN BORROWERS Using two new datasets, the authors examine whether the presence of banks affects the profitability and outreach of microfinance institutions. They find evidence that competition matters. Greater bank penetration in the overall economy is associated with microbanks pushing toward poorer markets, as reflected in smaller average loans sizes and greater outreach to women. The evidence is particularly strong for microbanks relying on commercial funding and using traditional bilateral lending contracts (rather than the group lending methods favored by microfinance nongovernmental organizations). The analysis considers plausible alternative explanations for the correlations, including relationships that run through the nature of the regulatory environment and the structure of the banking environment; but it fails to find strong support for these alternative hypotheses. 2012-03-19T19:13:00Z 2012-03-19T19:13:00Z 2009-10-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091014140231 https://hdl.handle.net/10986/4270 English Policy Research Working Paper ; No. 5078 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain