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

How Important are Foreign Banks in the Financial Development of European... This article analyses 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Emerging Market Finance SAGE

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

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References (115)

Publisher
SAGE
Copyright
Copyright © by SAGE Publications
ISSN
0972-6527
eISSN
0973-0710
DOI
10.1177/097265270400300202
Publisher site
See Article on Publisher Site

Abstract

This article analyses 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.

Journal

Journal of Emerging Market FinanceSAGE

Published: Aug 1, 2004

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