Banking the Poor : Measuring Banking Access in 54 Economies

Banking the Poor presents new data collected from two sources: central banks, and leading commercial banks in each surveyed country. It explores associations between countries' banking policies and practices, and their levels of financial access measured in terms of the numbers of bank accounts per thousand adults. It builds on the previous work of measuring financial access through information obtained from regulators, banks, and household surveys. It explores associations between countries' banking policies and practices, and their levels of financial access, measured in terms of the numbers of bank accounts per thousand adults. The extent to which people are banked depends primarily on how wealthy they are. Even in the poorest countries, rich urban customers get access to good banking. Although there are a range of financial services used by the poorest, these are usually provided outside the formal banking system. Banks are used by those above this threshold, usually by salaried employees who have the steady income. Naturally banks are more likely to seek out users with a steady, predicatable income. Expanding credit for enterprises leads to the creation of a salaried class that wants to bank: this is the primary way to increase bank access. While bank clients make up the largest part of those using financial services in most countries, incorporating other formal financial institutions would yield a more comprehensive picture of the population that enjoys access to modern financial services.

Bibliographic Details

Main Author:	World Bank
Format:	Publication biblioteca
Language:	en_US
Published:	Washington, DC 2009
Subjects:	Access to account, access to banking, access to banking services, access to credit, access to finance, accessibility, account holders, account maintenance, Accountability, accounting, application procedures, asset accumulation, ATM card, ATM cards, ATM networks, ATM withdrawals, average balance, balance inquiries, Balance inquiry, balance sheet, bank access, bank account, bank accounts, bank assets, bank branch, bank branches, bank credit, bank customer, bank customers, bank fees, Bank of Tanzania, bank services, banking fees, banking industry, banking sector, banking service, banking services, Banks, barrier, Bribes, business capital, business loan, business plans, capital loans, cash payments, Cash withdrawals, casual workers, central banks, checking, checking account, checking accounts, clearing systems, client bases, collateral, Commercial Bank, commercial banks, consumer goods, consumer protection, consumer protection laws, Copyright Clearance, Copyright Clearance Center, credit application, credit card, credit cards, credit constraints, credit information, credit union, credit-scoring, creditors, credits, customer services, debit card, debit cards, debt, deposit, deposit accounts, depositors, deposits, developing countries, Development Bank, discrimination, diversification, documentation requirement, documentation requirements, earnings, economies of scale, electronic banking, electronic payment, electronic payments, electronic transfer, Electronic Transfer Account, electronic transfer accounts, electronic transfers, employer, employment growth, entrepreneur, entrepreneurs, expenditure, expenditures, families, financial access, financial development, financial education, financial flows, financial literacy, financial performance, Financial Services, Financial Services industry, financial statements, financial support, fixed cost, fixed costs, foreign banks, formal banking, formal banking system, Formal banks, formal financial institutions, formal savings, Good credit, group lending, Guarantee scheme, home country, household income, households, Housing, husband, husbands, ID, identity document, identity documents, IDs, illiteracy, inactive accounts, income categories, income groups, incomes, individual accounts, informal borrowing, Informal savings, insurance, International Bank, Job creation, job security, legislation, levels of access, liquidity, loan, loan amount, loan application, loan application procedures, loan applications, loan processes, marginal costs, market penetration, merchants, microcredit, Microfinance, microfinance institutions, Migrant workers, minimum balance, minimum balances, minimum wage, mobile banking, money laundering, money orders, Money transfer, money transfers, new entrants, overdraft, payment cards, payment services, payment system, payment systems, payments infrastructure, payments systems, penalties, pension, personal savings, point-of-sale, point-of-sale terminals, poor clients, POOR Credit, portfolio, Post Office, Post Office Savings, Post Office Savings Bank, post offices, Postal banks, postal savings, Private credit, private savings, purchasing power, real assets, receipt, receipts, regulators, regulatory authorities, remittance, remittances, Remote banking, retirement, rural banking, savings, savings account, savings accounts, savings banks, savings groups, savings plans, savings product, savings products, savings programs, savings schemes, savings services, securities, small borrowers, small enterprises, small loans, Social Development, social welfare, special savings, State Bank, subsidiaries, subsidiary, tax, tax incentives, tellers, Time deposits, transparency, transport, Treasury, unemployment, Union, urban areas, Vulnerable Groups, working capital, World Development Indicators,
Online Access:	http://hdl.handle.net/10986/13804
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