Pacific Finance Sector Brief: Solomon Islands

Simple item page
dc.contributor.authorADB
dc.date.accessioned2021-10-05T15:04:35Z
dc.date.available2021-10-05T15:04:35Z
dc.date.issued2019-10
dc.descriptionThis brief provides an overview of Solomon Islands’ finance sector, and discusses the key challenges and how they can be addressed. Solomon Islands has a relatively well-developed financial system that is dominated by four commercial banks. Together they account for 62% of the country’s finance sector assets, while the Solomon Islands National Provident Fund accounts for 34%. Other major actors in the finance sector include four licensed insurance companies, four insurance brokers, and two insurance agents. Private sector credit is steadily increasing in Solomon Islands on the back of steady economic growth, but remains low. Improvements in the collateral framework and risks assessment practices would help boost private sector lending.
dc.format.extent5
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issnN/A
dc.identifier.issnN/A
dc.identifier.urihttps://www.adb.org/publications/pacific-finance-sector-solomon-islands
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5559
dc.subject.otherEconomic data
dc.subject.otherEconomics
dc.subject.otherFinance sector development
dc.subject.otherFinancial institutions and services
dc.subject.otherFinancial sector
dc.subject.otherFormal banking institutions
dc.titlePacific Finance Sector Brief: Solomon Islands
local.publication.countrySolomon Islands

Files

Collections

ADB Collections