Bank concentration in Cape Verde
Cape Verde: Bank concentration was 73.6% in 2021. ▼ Falling
Bank concentration in Cape Verde, 2008–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank concentration in Cape Verde stood at 73.6%.
That represents a change of down 4.6% on the previous year and down 14.3% over ten years.
Over the whole period, bank concentration in Cape Verde peaked at 100.0% in 2008 and was at its lowest, 72.0%, in 2019.
Cape Verde ranks 80th of 169 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 94.3% | 88.7% | 100.0% | 2 |
| 2010s | 81.3% | 72.0% | 90.6% | 10 |
| 2020s | 75.3% | 73.6% | 77.1% | 2 |
Countries ranked near Cape Verde
- 77 Albania 74.0% compare
- 78 Colombia 73.8% compare
- 81 Benin 73.5% compare
- 82 United Arab Emirates 73.2% compare
- 83 Saudi Arabia 73.1% compare
More financial sector data for Cape Verde
- Domestic credit to private sector by banks 53.4% (2025)
- Total reserves in months of imports 8.69 (2025)
- Net domestic credit 195.38 billion current LCU (2025)
- Net foreign assets 118.67 billion current LCU (2025)
- Monetary Sector credit to private sector 54.0% (2025)
- Broad money 94.2% (2025)
- Claims on central government, etc. 8.5% (2025)
- Domestic credit to private sector 54.0% (2025)
- Official exchange rate 97.86 LCU per US$, period average (2025)
- Net migration -1,284 (2025)
Frequently asked questions
- What is bank concentration in Cape Verde?
- Bank concentration in Cape Verde was 73.6% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Cape Verde?
- The highest recorded value was 100.0% in 2008.
- What is the lowest bank concentration recorded in Cape Verde?
- The lowest recorded value was 72.0% in 2019.
- How does Cape Verde rank for bank concentration?
- Cape Verde ranks 80th out of 169 countries with data for 2021.
- Is bank concentration rising or falling in Cape Verde?
- Over the last ten years it is down 14.3%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.