dear Bernard,
I have the same question you have. Why so many banks springing up like mushrooms in a country where the economy is in steep decline?
You would think that it would be a good thing to have a lot of banks competing against each other but it's not. The banks are not making loans or even investing in the Haitian economy no wonder the cooperatives ( credit unions so to speak) are gaining ground like wild fire.
The strange thing is that almost all the old time banks like Bank of Paris, Banque du Canada, Novia Scotia just to name a few, have either closed their doors, sold their assets or in the process to do so. What's going on?
Patriotic Salutations
Foundation Cards on the Table...PaP, Haiti