https://www.vanguardngr....market-share-big-5/amp/
Present banking situation in Nigeria. Reads like a current and future synopsis of KE banking sector. The difference is consolidation is yet to happen on a large scale in KE which will cull most tier III and IV.
Interest caps quickened the process seeing as tier III and IV are collectively under water in terms of profitability. The caps inadvertently relieved them off of their competitive advantage which was higher pricing of loans by taking on the extra risk. Liquidity wise, rates (both horizontal and vertical) have become extremely prohibitive for the small boys.
As the economy soldiers on in a funk, some tier II will begin to feel the strain leaving the big boys squaring it out amongst themselves.
The main purpose of the stock market is to make fools of as many people as possible.