Description: Number of commercial bank branches and automated teller machines (ATMs) per 100,000 adults (SDG 8.10.1).
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DATA IDENTIFICATION


Name
Number of commercial bank branches and automated teller machines (ATMs) per 100
Indicator purpose

The purpose of this indicator is to measure access to banking and financial services.

Abstract

Access to and use of formal financial services is essential. Services such as savings, insurance, payments, credit and remittances allow people to manage their lives, plan and pay expenses, grow their businesses and improve their overall welfare. As banks remain one of the key institutions for access to formal financial services, having an accessible bank branch is an important initial point of access to financial services and therefore use of them. Bank branches are complemented by other important points of access such as automated teller machines of all formal financial institutions, which can extend financial services to remote locations.

Data source

Central Bank of Belize (CBB)

DATA CHARACTERISTICS



Contact organization person

Central Bank of Belize (CBB)

Date last updated
30-OCT-2019
Periodicity

Annually

Unit of measure

Number of commercial bank branches and automated teller machines (ATMs) per 100,000 adults

Other characteristics

The number of commercial bank branches per 100,000 adults refers to the number of commercial banks branches at end-year reported by the Central Bank or the main financial regulator of the country. To make the indicator meaningful for cross-country comparison, the number of commercial banks branches are scaled per 100,00 adults. The number of automated teller machines (ATMs) per 100,000 adults, refers to the number of ATMs in the country for all types of financial institutions such as: commercial banks, non-deposit taking microfinance institutions, deposit taking micro finance institutions, credit union and financial cooperatives, among other.

DATA CONCEPTS and CLASSIFICATIONS



Classification used
  1. The number of commercial bank branches per 100,000 adults refers to the number of commercial bank branches at end-year reported by the Central Bank or the main financial regulator of the country.
  2. The number of automated teller machines (ATMs) per 100,000 adults, refers to the number of ATMs in the country for all types of financial institutions such as commercial banks, non-deposit taking microfinance institutions, deposit-taking microfinance institutions, credit union and financial cooperatives, among other. This information is reported every year by the Central Bank or the main financial regulator of the country.
Disaggregation

Data are provided at country level, by year. Aggregates are compiled by region in accordance with UN suggested regional aggregations.

Key statistical concepts

The indicators are calculated based on data collected directly from the Central Bank or the main financial regulator in the country.

Formula
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OTHER ASPECTS



Recommended uses

This indicator is used to measure the number of commercial bank branches per 100,000 adults refers to the number of commercial bank branches.

Limitations

N/A

Other comments

Since 2009, the Financial Access Survey (FAS) collects information from administrative sources on an annual basis. The Central Bank or the main financial regulator reports yearly information including the two indicators that are part of the SDGs. Since its launch, 189 economies have contributed to the FAS, which now contains more than 150 series on financial inclusion covering the period 2004-2017.

All the metadata shown in this document was gathered from United Nation Statistics Division. The metadata was extracted from https://unstats.un.org/sdgs/metadata/.