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Central and South – Eastern Europe Banking Sectors in the Sustainable Development Function

Author

Listed:
  • Vunjak Nenad

    (Professor of the Modern Business School in Belgrade (Serbia) and the Faculty of Business Economics in Bijeljina BiH)

  • Dragosavac Miloš

    (Assistant professor, Modern Business School in Belgrade, Serbia)

  • Vitomir Jelena

    (Assistant professor,University of Business Studies in Banja Luka, BiH)

  • Stojanović Petra

    (Master of Economic Sciences, Agricultural School in Bijeljina, BiH)

Abstract

Changes in banking sectors with the onset of the global financial crisis were related to: globalization, sector deregulation, technological change and financial innovation. Structural changes within banking services (at the end of the 20th century) relate to: the consolidation of banks, the merging of banking and non-banking financial institutions and their competition with one another. Significant place in the part of sustainable development belongs to bank performance, vision and mission of banks. The corporate vision of banks should be the “framework” for the future development of a bank. The corporate mission should be a “roadmap” to the realization of the bank’s vision and an expression of the business philosophy of the bank in question.

Suggested Citation

  • Vunjak Nenad & Dragosavac Miloš & Vitomir Jelena & Stojanović Petra, 2020. "Central and South – Eastern Europe Banking Sectors in the Sustainable Development Function," Economics, Sciendo, vol. 8(1), pages 51-60, June.
    • Handle: RePEc:vrs:econom:v:8:y:2020:i:1:p:51-60:n:9
    DOI: 10.2478/eoik-2020-0009
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Happiness Index; Sleep Economics; Sleep Deprivation; Inadequate Sleep;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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