A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Number of firms originating and funding mortgage loans | 15 | Editor | A.1.1 | ||
| Types of originating lenders/market share: | A.1.2 | ||||
| Identify the 3 largest loan originating lenders | Société Générale Côte d'Ivoire, Banque Atlantique Côte d'Ivoire, Ecobank Côte d'Ivoire | Editor | A.1.3 | ||
| Are there (quasi) public mortgage lenders: | No | Editor | A.1.4 | ||
| Universal/ commercial banks | No | Editor | A.1.4.1 | ||
| Other depository institutions (savings and loans/mutual savings and credit institutions) | No | Editor | A.1.4.2 | ||
| Non-depository financial institutions specialized in housing finance | No | Editor | A.1.4.3 | ||
| General non-depository financial institutions | No | Editor | A.1.4.4 | ||
| Others (e.g. insurance co, pension funds, labor tax funds) | No | Editor | A.1.4.5 | ||
| Typical lending spreads for mortgages | 1.89% | Editor | A.1.5 | ||
| Level of Non-Performing Mortgage Loans (90 days or more past due): | A.1.6 | ||||
| Average 1997-2007 | A.1.7 | ||||
A.2 Size of Mortgage Finance Sector
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Total amount of home mortgages made in calendar year in millions of USD | 240.85 USD (millions) | 61.38 USD (millions) | BCEAO | A.2.3 | |
| and as % of all credits originated in calender year | 3.12% | .83% | BCEAO | A.2.3.2 |
A.3 Housing Finance Products
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Mortgage products as % of all mortgages (approx.) in local currency: | A.3.1 | ||||
| Most prevalent type of foreign currency mortgage used: | A.3.3 | ||||
| Most frequent interest rates on fully amortizing: | A.3.4 | ||||
| Typical lender fees associated with mortgage origination: | A.3.6 | ||||
| Typical third party fees associated with mortgage origination: | A.3.7 | ||||
| Loan-to-Value (LTV) on first mortgage: | A.3.8 | ||||
| Maximum LTV | 90% | Editor | A.3.8.1 | ||
| Mortgage pmt-to-income ratio | A.3.10 | ||||
A.4 Lending and Servicing Process
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Which institutions define underwriting rules? | A.4.2 | ||||
A.5 Credit Risk Assessment
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | Yes | Yes | Doing Business | A.5.2 | |
| Are there legal/regulatory constraints to gaining access to credit information? | Yes | Yes | BCEAO | A.5.2.1 | |
| Are credit guarantee systems used? | Yes | Agence Francaise de Developpement | A.5.4 |
B. Funding Sources for Mortgages and the Secondary Mortgage Market
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| What are the main funding sources for mortgages? | B.1 | ||||
| Retail funding (deposits/other) | Primary | Editor | B.1.1 | ||
| Wholesale funding: loans from other banks or corporations | Non-applicable | Editor | B.1.2 | ||
| Funding through mortgage bonds | Non-applicable | Editor | B.1.3 | ||
| Funding through securitization of mortgages | Non-applicable | Editor | B.1.4 | ||
C. Housing Microfinance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Are non-collateralized housing micro-finance loans offered? | Yes | Ministry of Economy and Finances | C.1 | ||
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Commercial banks | No | Editor | C.2.1 | ||
| Specialized non-depository MFIs | No | Editor | C.2.2 | ||
| NGOs | No | Editor | C.2.3 | ||
| Others | Yes | Editor | C.2.4 | ||
| None | No | Editor | C.2.5 | ||
| Typical lending spreads in HMF | 15% | Editor | C.3 | ||
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||