The Leading eBooks Store Online 4,034,055 members ⚫ 1,328,001 ebooks

New to

Learn more

Expanding Bank Outreach through Retail Partnerships

Correspondent Banking in Brazil

Expanding Bank Outreach through Retail Partnerships by Anjali Kumar
Buy this eBook
US$ 9.99
(If any tax is payable it will be calculated and shown at checkout.)
This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with “correspondents”—commercial entities whose primary objective and business is other than the provision of financial services. The paper illustrates the case of Brazil, where banks recently have developed extensive networks of such correspondents. Such arrangements result in lower costs and shared risks for participating financial institutions, making these arrangements an attractive vehicle for outreach to the underserved. Correspondent banking requires an enabling environment to emerge, and poses some regulatory challenges and some increase in risk. While there are reasons why this model was particularly successful in Brazil, it may be replicable elsewhere if appropriate regulatory adjustments are undertaken.
World Bank Publications; June 2006
64 pages; ISBN 9780821367032
Read online, or download in secure PDF format
Title: Expanding Bank Outreach through Retail Partnerships
Author: Anjali Kumar