Financial Sector Assessment : Malawi

Malawi's financial system is small even by regional standards and bank dominated but with a variety of institutions and markets. The Malawian financial system consists of nine banks, two discount houses, one leasing company, eight insurance co...

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Main Author:	World Bank
Format:	Financial Sector Assessment Program (FSAP)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO CREDIT ACCOUNTING ATMS AUCTION BANK OF BOTSWANA BANK REGULATION BANKING MARKET BANKING PRODUCTS BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BASIC FINANCIAL SERVICE BENEFICIARIES CAPITAL MARKET CAPITAL MARKETS CASH TRANSACTION CENTRAL BANK CHECK CLEARING CLEARING HOUSE COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS COMPANY LAW COMPETITIVE FINANCIAL SYSTEM CONFLICTS OF INTERESTS CONSOLIDATION CONSOLIDATION PROCESS CONSUMERS CONTRACT ENFORCEMENT CONTRIBUTION CONTRIBUTIONS CORPORATE BONDS CORPORATE GOVERNANCE CREDIBILITY CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT INFORMATION CREDITOR CREDITOR RIGHTS CREDITORS DEBIT CARDS DEBT DELIVERY MECHANISMS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT FINANCE DISABILITIES DIVERSIFICATION DOMESTIC CREDIT EARLY RETIREMENT ECONOMIC DEVELOPMENT EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT EXPENDITURES EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRUCTURE FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS GENERAL PUBLIC GOVERNMENT DEFICIT GOVERNMENT LENDING GOVERNMENT SECURITIES GROUP LENDING HOLDING HOLDINGS INCOME INCOME LEVEL INCOME LEVELS INCOME SHOCKS INCOME TAX INFLATION INFORMAL CREDIT INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INTEREST RATE INTEREST RATE SPREADS INTERNATIONAL STANDARDS INVESTING INVESTMENT LOANS ISSUANCE LABOR FORCE LABOR MARKET LACK OF COMPETITION LARGE BANKS LEGAL FRAMEWORK LEGAL SYSTEM LEVEL OF COMMITMENT LEVEL PLAYING FIELD LIFE INSURANCE LIFE INSURANCE COMPANIES LOAN LOAN PORTFOLIO LOAN PRODUCTS LOAN SIZE LOCAL BANK LOW INCOME LOW INCOMES LOW-INCOME LOW-INCOME GROUPS MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MARKET CAPITALIZATION MARKET CONDITIONS MARKET CONSTRAINTS MARKET DISCIPLINE MARKET ECONOMY MARKET FAILURES MARKET SHARES MARKET SIZE MARKETING MATURITY MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICRO-INSURANCE MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROINSURANCE MOBILE PHONE MONETARY POLICY MORTGAGE MORTGAGE LOANS NATIONAL GUARANTEE NET INTEREST MARGIN NONBANK FINANCIAL INSTITUTIONS OPERATING COSTS OVERHEAD COSTS OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PAYMENT SERVICE PAYMENT SERVICES PAYMENT SYSTEM PENSION PENSION FUNDS PENSION PLANS PENSION SECTOR PENSION SECTORS PENSION SYSTEM PENSIONERS PENSIONS PENSIONS SYSTEMS PRICE INDEXATION PRIVATE CREDIT PRIVATE FINANCIAL INSTITUTIONS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PENSIONS PRODUCTIVITY PROFIT MARGIN PROFIT MARGINS PUBLIC GOOD PUBLIC PENSION PUBLIC PENSION SCHEME REGULATORY CAPACITY REGULATORY FRAMEWORK REMITTANCES RENTS RESERVE RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RETAIL FINANCIAL SERVICES RETIREMENT AGE RETIREMENT BENEFITS RETURN RISK ASSESSMENT RISK MANAGEMENT RURAL FINANCE SALARIES SALE SALES SAVINGS SAVINGS ACCOUNTS SAVINGS BANK SAVINGS INSTRUMENTS SAVINGS SERVICES SECONDARY MARKET SECURITIES SECURITIES MARKET SEVERANCE PAY SHAREHOLDER SHAREHOLDERS SMALL LOAN STAKEHOLDERS STOCK EXCHANGE SUPERVISORY AUTHORITIES T-BILL T-BILL MARKET T-BILLS TRADING TRANSACTION TRANSPARENCY TURNOVER VALUABLE WAGE WITHDRAWAL YEARS OF SERVICE YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/2008/07/9757847/malawi-financial-sector-assessment http://hdl.handle.net/10986/15928

id	okr-10986-15928
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO CREDIT ACCOUNTING ATMS AUCTION BANK OF BOTSWANA BANK REGULATION BANKING MARKET BANKING PRODUCTS BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BASIC FINANCIAL SERVICE BENEFICIARIES CAPITAL MARKET CAPITAL MARKETS CASH TRANSACTION CENTRAL BANK CHECK CLEARING CLEARING HOUSE COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS COMPANY LAW COMPETITIVE FINANCIAL SYSTEM CONFLICTS OF INTERESTS CONSOLIDATION CONSOLIDATION PROCESS CONSUMERS CONTRACT ENFORCEMENT CONTRIBUTION CONTRIBUTIONS CORPORATE BONDS CORPORATE GOVERNANCE CREDIBILITY CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT INFORMATION CREDITOR CREDITOR RIGHTS CREDITORS DEBIT CARDS DEBT DELIVERY MECHANISMS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT FINANCE DISABILITIES DIVERSIFICATION DOMESTIC CREDIT EARLY RETIREMENT ECONOMIC DEVELOPMENT EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT EXPENDITURES EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRUCTURE FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS GENERAL PUBLIC GOVERNMENT DEFICIT GOVERNMENT LENDING GOVERNMENT SECURITIES GROUP LENDING HOLDING HOLDINGS INCOME INCOME LEVEL INCOME LEVELS INCOME SHOCKS INCOME TAX INFLATION INFORMAL CREDIT INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INTEREST RATE INTEREST RATE SPREADS INTERNATIONAL STANDARDS INVESTING INVESTMENT LOANS ISSUANCE LABOR FORCE LABOR MARKET LACK OF COMPETITION LARGE BANKS LEGAL FRAMEWORK LEGAL SYSTEM LEVEL OF COMMITMENT LEVEL PLAYING FIELD LIFE INSURANCE LIFE INSURANCE COMPANIES LOAN LOAN PORTFOLIO LOAN PRODUCTS LOAN SIZE LOCAL BANK LOW INCOME LOW INCOMES LOW-INCOME LOW-INCOME GROUPS MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MARKET CAPITALIZATION MARKET CONDITIONS MARKET CONSTRAINTS MARKET DISCIPLINE MARKET ECONOMY MARKET FAILURES MARKET SHARES MARKET SIZE MARKETING MATURITY MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICRO-INSURANCE MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROINSURANCE MOBILE PHONE MONETARY POLICY MORTGAGE MORTGAGE LOANS NATIONAL GUARANTEE NET INTEREST MARGIN NONBANK FINANCIAL INSTITUTIONS OPERATING COSTS OVERHEAD COSTS OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PAYMENT SERVICE PAYMENT SERVICES PAYMENT SYSTEM PENSION PENSION FUNDS PENSION PLANS PENSION SECTOR PENSION SECTORS PENSION SYSTEM PENSIONERS PENSIONS PENSIONS SYSTEMS PRICE INDEXATION PRIVATE CREDIT PRIVATE FINANCIAL INSTITUTIONS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PENSIONS PRODUCTIVITY PROFIT MARGIN PROFIT MARGINS PUBLIC GOOD PUBLIC PENSION PUBLIC PENSION SCHEME REGULATORY CAPACITY REGULATORY FRAMEWORK REMITTANCES RENTS RESERVE RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RETAIL FINANCIAL SERVICES RETIREMENT AGE RETIREMENT BENEFITS RETURN RISK ASSESSMENT RISK MANAGEMENT RURAL FINANCE SALARIES SALE SALES SAVINGS SAVINGS ACCOUNTS SAVINGS BANK SAVINGS INSTRUMENTS SAVINGS SERVICES SECONDARY MARKET SECURITIES SECURITIES MARKET SEVERANCE PAY SHAREHOLDER SHAREHOLDERS SMALL LOAN STAKEHOLDERS STOCK EXCHANGE SUPERVISORY AUTHORITIES T-BILL T-BILL MARKET T-BILLS TRADING TRANSACTION TRANSPARENCY TURNOVER VALUABLE WAGE WITHDRAWAL YEARS OF SERVICE YIELD CURVE
spellingShingle	ACCESS TO CREDIT ACCOUNTING ATMS AUCTION BANK OF BOTSWANA BANK REGULATION BANKING MARKET BANKING PRODUCTS BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BASIC FINANCIAL SERVICE BENEFICIARIES CAPITAL MARKET CAPITAL MARKETS CASH TRANSACTION CENTRAL BANK CHECK CLEARING CLEARING HOUSE COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS COMPANY LAW COMPETITIVE FINANCIAL SYSTEM CONFLICTS OF INTERESTS CONSOLIDATION CONSOLIDATION PROCESS CONSUMERS CONTRACT ENFORCEMENT CONTRIBUTION CONTRIBUTIONS CORPORATE BONDS CORPORATE GOVERNANCE CREDIBILITY CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT INFORMATION CREDITOR CREDITOR RIGHTS CREDITORS DEBIT CARDS DEBT DELIVERY MECHANISMS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT FINANCE DISABILITIES DIVERSIFICATION DOMESTIC CREDIT EARLY RETIREMENT ECONOMIC DEVELOPMENT EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT EXPENDITURES EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRUCTURE FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS GENERAL PUBLIC GOVERNMENT DEFICIT GOVERNMENT LENDING GOVERNMENT SECURITIES GROUP LENDING HOLDING HOLDINGS INCOME INCOME LEVEL INCOME LEVELS INCOME SHOCKS INCOME TAX INFLATION INFORMAL CREDIT INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INTEREST RATE INTEREST RATE SPREADS INTERNATIONAL STANDARDS INVESTING INVESTMENT LOANS ISSUANCE LABOR FORCE LABOR MARKET LACK OF COMPETITION LARGE BANKS LEGAL FRAMEWORK LEGAL SYSTEM LEVEL OF COMMITMENT LEVEL PLAYING FIELD LIFE INSURANCE LIFE INSURANCE COMPANIES LOAN LOAN PORTFOLIO LOAN PRODUCTS LOAN SIZE LOCAL BANK LOW INCOME LOW INCOMES LOW-INCOME LOW-INCOME GROUPS MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MARKET CAPITALIZATION MARKET CONDITIONS MARKET CONSTRAINTS MARKET DISCIPLINE MARKET ECONOMY MARKET FAILURES MARKET SHARES MARKET SIZE MARKETING MATURITY MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICRO-INSURANCE MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROINSURANCE MOBILE PHONE MONETARY POLICY MORTGAGE MORTGAGE LOANS NATIONAL GUARANTEE NET INTEREST MARGIN NONBANK FINANCIAL INSTITUTIONS OPERATING COSTS OVERHEAD COSTS OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PAYMENT SERVICE PAYMENT SERVICES PAYMENT SYSTEM PENSION PENSION FUNDS PENSION PLANS PENSION SECTOR PENSION SECTORS PENSION SYSTEM PENSIONERS PENSIONS PENSIONS SYSTEMS PRICE INDEXATION PRIVATE CREDIT PRIVATE FINANCIAL INSTITUTIONS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PENSIONS PRODUCTIVITY PROFIT MARGIN PROFIT MARGINS PUBLIC GOOD PUBLIC PENSION PUBLIC PENSION SCHEME REGULATORY CAPACITY REGULATORY FRAMEWORK REMITTANCES RENTS RESERVE RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RETAIL FINANCIAL SERVICES RETIREMENT AGE RETIREMENT BENEFITS RETURN RISK ASSESSMENT RISK MANAGEMENT RURAL FINANCE SALARIES SALE SALES SAVINGS SAVINGS ACCOUNTS SAVINGS BANK SAVINGS INSTRUMENTS SAVINGS SERVICES SECONDARY MARKET SECURITIES SECURITIES MARKET SEVERANCE PAY SHAREHOLDER SHAREHOLDERS SMALL LOAN STAKEHOLDERS STOCK EXCHANGE SUPERVISORY AUTHORITIES T-BILL T-BILL MARKET T-BILLS TRADING TRANSACTION TRANSPARENCY TURNOVER VALUABLE WAGE WITHDRAWAL YEARS OF SERVICE YIELD CURVE World Bank Financial Sector Assessment : Malawi
geographic_facet	Africa Malawi
description	Malawi's financial system is small even by regional standards and bank dominated but with a variety of institutions and markets. The Malawian financial system consists of nine banks, two discount houses, one leasing company, eight insurance companies, four development finance institutions (DFIs), a young-but growing-microfinance industry, and a nascent capital market. Only 10 percent of Malawi's population has access to formal financial services, reflecting the high incidence of poverty, high degree of informality, and a high proportion of the population in rural areas. Malawi's financial system offers a variety of conventional financial services, concentrated on the short-term end of the yield curve, but with an increasing focus on down-market products. Significant ownership linkages within the financial system and with non-financial corporations pose challenges for governance and related party transactions.
format	Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Financial Sector Assessment : Malawi
title_short	Financial Sector Assessment : Malawi
title_full	Financial Sector Assessment : Malawi
title_fullStr	Financial Sector Assessment : Malawi
title_full_unstemmed	Financial Sector Assessment : Malawi
title_sort	financial sector assessment : malawi
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2008/07/9757847/malawi-financial-sector-assessment http://hdl.handle.net/10986/15928
_version_	1764431674047725568
spelling	okr-10986-159282021-04-23T14:03:23Z Financial Sector Assessment : Malawi World Bank ACCESS TO CREDIT ACCOUNTING ATMS AUCTION BANK OF BOTSWANA BANK REGULATION BANKING MARKET BANKING PRODUCTS BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BASIC FINANCIAL SERVICE BENEFICIARIES CAPITAL MARKET CAPITAL MARKETS CASH TRANSACTION CENTRAL BANK CHECK CLEARING CLEARING HOUSE COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS COMPANY LAW COMPETITIVE FINANCIAL SYSTEM CONFLICTS OF INTERESTS CONSOLIDATION CONSOLIDATION PROCESS CONSUMERS CONTRACT ENFORCEMENT CONTRIBUTION CONTRIBUTIONS CORPORATE BONDS CORPORATE GOVERNANCE CREDIBILITY CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT INFORMATION CREDITOR CREDITOR RIGHTS CREDITORS DEBIT CARDS DEBT DELIVERY MECHANISMS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT FINANCE DISABILITIES DIVERSIFICATION DOMESTIC CREDIT EARLY RETIREMENT ECONOMIC DEVELOPMENT EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT EXPENDITURES EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRUCTURE FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS GENERAL PUBLIC GOVERNMENT DEFICIT GOVERNMENT LENDING GOVERNMENT SECURITIES GROUP LENDING HOLDING HOLDINGS INCOME INCOME LEVEL INCOME LEVELS INCOME SHOCKS INCOME TAX INFLATION INFORMAL CREDIT INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INTEREST RATE INTEREST RATE SPREADS INTERNATIONAL STANDARDS INVESTING INVESTMENT LOANS ISSUANCE LABOR FORCE LABOR MARKET LACK OF COMPETITION LARGE BANKS LEGAL FRAMEWORK LEGAL SYSTEM LEVEL OF COMMITMENT LEVEL PLAYING FIELD LIFE INSURANCE LIFE INSURANCE COMPANIES LOAN LOAN PORTFOLIO LOAN PRODUCTS LOAN SIZE LOCAL BANK LOW INCOME LOW INCOMES LOW-INCOME LOW-INCOME GROUPS MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MARKET CAPITALIZATION MARKET CONDITIONS MARKET CONSTRAINTS MARKET DISCIPLINE MARKET ECONOMY MARKET FAILURES MARKET SHARES MARKET SIZE MARKETING MATURITY MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICRO-INSURANCE MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MICROINSURANCE MOBILE PHONE MONETARY POLICY MORTGAGE MORTGAGE LOANS NATIONAL GUARANTEE NET INTEREST MARGIN NONBANK FINANCIAL INSTITUTIONS OPERATING COSTS OVERHEAD COSTS OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PAYMENT SERVICE PAYMENT SERVICES PAYMENT SYSTEM PENSION PENSION FUNDS PENSION PLANS PENSION SECTOR PENSION SECTORS PENSION SYSTEM PENSIONERS PENSIONS PENSIONS SYSTEMS PRICE INDEXATION PRIVATE CREDIT PRIVATE FINANCIAL INSTITUTIONS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PENSIONS PRODUCTIVITY PROFIT MARGIN PROFIT MARGINS PUBLIC GOOD PUBLIC PENSION PUBLIC PENSION SCHEME REGULATORY CAPACITY REGULATORY FRAMEWORK REMITTANCES RENTS RESERVE RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RETAIL FINANCIAL SERVICES RETIREMENT AGE RETIREMENT BENEFITS RETURN RISK ASSESSMENT RISK MANAGEMENT RURAL FINANCE SALARIES SALE SALES SAVINGS SAVINGS ACCOUNTS SAVINGS BANK SAVINGS INSTRUMENTS SAVINGS SERVICES SECONDARY MARKET SECURITIES SECURITIES MARKET SEVERANCE PAY SHAREHOLDER SHAREHOLDERS SMALL LOAN STAKEHOLDERS STOCK EXCHANGE SUPERVISORY AUTHORITIES T-BILL T-BILL MARKET T-BILLS TRADING TRANSACTION TRANSPARENCY TURNOVER VALUABLE WAGE WITHDRAWAL YEARS OF SERVICE YIELD CURVE Malawi's financial system is small even by regional standards and bank dominated but with a variety of institutions and markets. The Malawian financial system consists of nine banks, two discount houses, one leasing company, eight insurance companies, four development finance institutions (DFIs), a young-but growing-microfinance industry, and a nascent capital market. Only 10 percent of Malawi's population has access to formal financial services, reflecting the high incidence of poverty, high degree of informality, and a high proportion of the population in rural areas. Malawi's financial system offers a variety of conventional financial services, concentrated on the short-term end of the yield curve, but with an increasing focus on down-market products. Significant ownership linkages within the financial system and with non-financial corporations pose challenges for governance and related party transactions. 2013-09-30T18:47:41Z 2013-09-30T18:47:41Z 2008-07 http://documents.worldbank.org/curated/en/2008/07/9757847/malawi-financial-sector-assessment http://hdl.handle.net/10986/15928 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Africa Malawi

Financial Sector Assessment : Malawi

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