Beninese and Beninois Banks Stats
Definitions
- Automated teller machines > ATMs > Per 100,000 adults: Automated teller machines (ATMs) (per 100,000 adults). Automated teller machines are computerized telecommunications devices that provide clients of a financial institution with access to financial transactions in a public place.
- Commercial bank branches > Per 100,000 adults: Commercial bank branches (per 100,000 adults). Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.
- Deposit interest rate > %: Deposit interest rate (%). Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
- Depositors with commercial banks > Per 1,000 adults: Depositors with commercial banks (per 1,000 adults). Depositors with commercial banks are the reported number of deposit account holders at commercial banks and other resident banks functioning as commercial banks that are resident nonfinancial corporations (public and private) and households. For many countries data cover the total number of deposit accounts due to lack of information on account holders. The major types of deposits are checking accounts, savings accounts, and time deposits.
- Interest rate spread > Lending rate minus deposit rate, %: Interest rate spread (lending rate minus deposit rate, %). Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
- Lending interest rate > %: Lending interest rate (%). Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
- Real interest rate > %: Real interest rate (%). Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.
SOURCES: International Monetary Fund, Financial Access Survey. World Bank World Development Indicators.; International Monetary Fund, International Financial Statistics and data files. World Bank World Development Indicators.; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator. World Bank World Development Indicators.