Forecast: Number of Commercial Bank Branches in Mali

The number of commercial bank branches in Mali per hundred thousand adults witnessed a peak in 2015 with a value of 6.06 units, but since then, it has declined continuously, reaching 3.77 units in 2023. Year-on-year variations indicate an accelerating downward trend, especially stark in 2021 and 2022 with decreases of -9.21% and -6.13%, respectively. The compound annual growth rate (CAGR) over the last five years up to 2023 is -5.6%, highlighting a consistent decline.

Forecasts from 2024 to 2028 predict a continued decline, albeit at a slower pace with a forecasted five-year CAGR of -2.26%, indicating that the number of branches could decrease to 3.22 units by 2028.

Future trends to watch for:

• Potential impact of digital banking adoption on the need for physical branches.
• Regulatory changes that could either limit or encourage branch expansion.
• Economic stability in Mali and its effect on the banking sector.