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Financial Outlook of the OIC Member Countries 2016
17
higher number of bank accounts, perhaps individuals more likely to demand bank services.
Bank accounts in OIC-UMIG reached above 1,000 meaning more than one account per adult
3
.
Bank branches per 100,000 adults show how well banking networks reach firms and
individuals since physical presence of bank branch more likely leads promotions and
introduction of bank services to firms and individuals. This measure is also very important for
a country with high share of informal economy since informal relationships that are built by
bank officers and individuals lead formal relations between banks and individuals. From 2011
to 2014, number of bank branches per 100,000 adults increased in the world after a drop in
2012. The level of number of bank branches is at the level of the world average for OIC-UMIG
and OIC-HIGH with about 15 even though there is a decreasing trend for OIC-HIGH. The level is
2 for OIC-LIG in 2014 after a decreasing trend (Figure 10).
Figure 10: Bank Branches per 100,000 Adults
Source: COMCEC Coordination Office staff estimations by using Global Financial Development Database, World
Bank (2016b).
Figure 11: Account at a formal financial institution (% age 15+)
Source: COMCEC Coordination Office staff estimations by using Global Financial Development Database, World
Bank (2016b).
Account at a formal financial institution (% age 15+) shows the percentage of having an
account at any financial institution including banks. Hence, the supply side of financial services
3
Note that this figure is driven by Maldives of 1,617.4 accounts per 1,000 adults. Others with available data have figures less
than 1,000 accounts per adult.
0
2
4
6
8
10
12
14
16
OIC-LIG
Average
OIC-LMIG
Average
OIC-UMIG
Average
OIC-HIGH
Average
OIC Average
World
2011
2,96
8,61
14,32
15,70
9,52
14,09
2012
3,06
8,80
14,50
15,24
9,61
13,24
2013
2,75
8,71
14,96
15,17
9,79
13,90
2014
2,49
10,40
15,11
14,69
11,09
15,53
0
20
40
60
80
OIC-LIG
Average
OIC-LMIG
Average
OIC-UMIG
Average
OIC-HIGH
Average
OIC
Average
World
15
16
34
66
27
37
12
20
42
77
30
50
2011
2014