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How Important are Foreign Banks in the Financial Development of European Transition Countries?

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Author Info
Ilko Naaborg ()
Bert Scholtens
Jakob de Haan ()
Hanneke Bol
Ralph de Haas

Additional information is available for the following registered author(s):

Abstract

This paper analyzes the development of the banking sector in European transition countries. We find that, although bank assets increased during the 1990s, credit to the private sector remained relatively low. Foreign-owned banks have become major players in the financial system of these countries. However, foreign bank presence and financial development in general vary considerably among the transition economies. Foreign-owned banks have, in general, higher profitability levels than domestic banks. Furthermore, it appears that foreign and domestic bank performance tend to converge.

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Paper provided by CESifo GmbH in its series CESifo Working Paper Series with number CESifo Working Paper No. 1100.

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Date of creation: 2003
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Handle: RePEc:ces:ceswps:_1100

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Related research
Keywords: financial development financial institutions foreign bank entry transition economies bank performance

Find related papers by JEL classification:
F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
G20 - Financial Economics - - Financial Institutions and Services - - - General
O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment
P34 - Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
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    Other versions:
  5. Focarelli, Dario & Pozzolo, Alberto Franco, 2001. "The patterns of cross-border bank mergers and shareholdings in OECD countries," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2305-2337, December. [Downloadable!] (restricted)
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  12. Allen N. Berger & Robert DeYoung & Hesna Genay & Gregory F. Udell, 2000. "Globalization of financial institutions: evidence from cross-border banking performance," Finance and Economics Discussion Series 2000-04, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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  13. Kraft, Evan & Tirtiroglu, Dogan, 1998. "Bank Efficiency in Croatia: A Stochastic-Frontier Analysis," Journal of Comparative Economics, Elsevier, vol. 26(2), pages 282-300, June. [Downloadable!] (restricted)
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  17. Steinherr, Alfred, 1997. "Banking Reforms in Eastern European Countries," Oxford Review of Economic Policy, Oxford University Press, vol. 13(2), pages 106-25, Summer.
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  20. Claudia M. Buch, 1999. "Why Do Banks Go Abroad? — Evidence from German Data," Kiel Working Papers 948, Kiel Institute for the World Economy. [Downloadable!]
  21. Sabi, Manijeh, 1996. "Comparative Analysis of Foreign and Domestic Bank Operations in Hungary," Journal of Comparative Economics, Elsevier, vol. 22(2), pages 179-188, April. [Downloadable!] (restricted)
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    Other versions:
  23. R.T.A. de Haas & I. van Lelyveld, 2002. "Foreign Bank Penetration and Bank Credit Stability in Central and Eastern Europe," Research Series Supervision (discontinued) 43, Netherlands Central Bank, Directorate Supervision. [Downloadable!]
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Andrea M. Maechler & Srobona Mitra & DeLisle Worrell, 2007. "Decomposing Financial Risks and Vulnerabilities in Eastern Europe," IMF Working Papers 07/248, International Monetary Fund. [Downloadable!]
  2. Stanley Nollen & ZdenĚk Kudrna & Roman PazdernÍk, 2005. "Miscellaneous," Post-Communist Economies, Taylor and Francis Journals, vol. 17(3), pages 363-380, September. [Downloadable!] (restricted)
  3. Aysan, Ahmet Faruk & Ceyhan, Sanli Pinar, 2007. "Market Disciplining Role of Crisis on the Restructuring of the Turkish Banking Sector," MPRA Paper 5492, University Library of Munich, Germany. [Downloadable!]
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