Lesotho Banking Industry Overview (Oct 2022)

As at 31 December 2021, Lesotho’s financial sector comprised four commercial banks, 10 insurance companies, 46 insurance brokers, 118 microfinance institutions, two asset management firms, six stockbrokers and two money transfer institutions. There are no secondary financial markets (stocks, bonds, options, and futures) in the country. The financial sector is dominated by the banking industry with total assets constituting 67.1% of the total financial sectors assets and 58.2% of GDP at end-2021.

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