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The Efficiency of the Greek Banking System and its Determinants

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Author Info

  • Asimakopoulos G. Ioannis

    ()
    (Bank of Greece)

  • Brissimis N. Sophocles

    ()
    (Bank of Greece and University of Piraeus)

  • Delis D. Manthos

    (Athens University of Economics and Business)

Abstract

This study examines the efficiency of the Greek banking system for the period 1994- 2006 using DEA. The findings suggest that total efficiency improved and this is mainly attributed to allocative efficiency. Large- and small-sized banks appear more efficient compared with medium-sized ones, while the M&As have had a positive impact on efficiency. Capital adequacy, size, profitability and credit risk management were positively correlated with efficiency, whilst banks holding a significant market share appear to have improved their efficiency through better management of their resources rather than following collusion strategies. Finally, the effect of the macroeconomic environment on efficiency was not found statistically significant.

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Bibliographic Info

Article provided by Bank of Greece, Economic Research Department in its journal Economic Bulletin.

Volume (Year): (2008)
Issue (Month): 30 (May)
Pages: 7-27

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Handle: RePEc:bog:econbl:y:2008:i:30:p:7-27

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Web page: http://www.bankofgreece.gr
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  1. Heather Gibson & Jim Malley, 2008. "The Contribution of Sectoral Productivity Differentials to Inflation in Greece," Open Economies Review, Springer, vol. 19(5), pages 629-650, November.
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Citations

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Cited by:
  1. Faidon Kalfaoglou, 2012. "Bank capital adequacy framework," Economic Bulletin, Bank of Greece, Economic Research Department, issue 36, pages 43-81, April.
  2. Halkos, George E. & Tzeremes, Nickolaos G., 2013. "Estimating the degree of operating efficiency gains from a potential bank merger and acquisition: A DEA bootstrapped approach," Journal of Banking & Finance, Elsevier, vol. 37(5), pages 1658-1668.
  3. Giorgos Argitis & Stella Michopoulou, 2013. "Studies in Financial Systems No 4 Financialization and the Greek Financial System," FESSUD studies fstudy04, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
  4. Zacharias Bragoudakis & Stelios Panagiotou, 2010. "Determinants of the receipts from shipping services: the case of Greece," Economic Bulletin, Bank of Greece, Economic Research Department, issue 34, pages 41-55, September.
  5. Zacharias Bragoudakis & Dimitrios Sideris, 2012. "Do retail gasoline prices adjust symmetrically to crude oil price changes? the case of the Greek oil market," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 7-21, December.
  6. Petros M. Migiakis, 2012. "Reviewing the proposals for common bond issuances by the euro-area sovereign under a long-term perspective," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 43-54, December.
  7. Heather Gibson & hiona Balfousia, 2010. "The impact of nominal and real uncertainty on macroeconomic aggregates in Greece," Economic Bulletin, Bank of Greece, Economic Research Department, issue 34, pages 57-71, September.
  8. Theodoros Mitrakos & Panos Tsaklogou & Ioannis Cholezas, 2010. "Determinants of the wage rates in Greece with an emphasis on the wages of tertiary education graduates," Economic Bulletin, Bank of Greece, Economic Research Department, issue 34, pages 7-40, September.
  9. Papaspyrou Theodoros, 2012. "EMU sustainability and the prospects of peripheral economies," Economic Bulletin, Bank of Greece, Economic Research Department, issue 36, pages 7-29, April.
  10. Costas N. Kanellopoulos, 2012. "The Size and structure of uninsured employment," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 23-41, December.

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