Impact of pan-African banks on financial development in sub-Saharan Africa

Across sub-Saharan Africa there has been a rapid rise of pan-African banks (PABs). These bank subsidiaries headquartered in African countries have expanded their activities across the continent following the retrenchment of traditional European and US banking groups after the global financial crisis. Today, major PABs have a more significant footprint in sub-Saharan Africa than banks from outside the region.
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