Cluster Analysis of Total Assets Provided By Banks from Four Continents

Mirela Catalina Türkes ()

Academic Journal of Economic Studies, 2017, vol. 3, issue 4, 24-28

Abstract: The paper analyzed the total assets in 2016 achieved by the strongest 96 banks from 4 continents: Europe, America, Asia and Africa. It aims to evaluate the level of total assets provided by banks in 2016 and continental banking markets degree of differentiation to determine the overall conditions of the banks. Methodologies used in this study are based on cluster and descriptive analysis. Data set was built based on information reported by banks on total assets. The results indicate that most of total banking assets are found in Asia and the fewest in Africa. At the end of 2016, the top 16 global banks owned total assets of $ 30.19 trillion according to the data set contains cluster 1 and the centroid was (2.25, 2.11, 3.06, 0.01).

Keywords: Cluster analysis; k-means clustering algorithms; banks; total banking assets; continents (search for similar items in EconPapers)
JEL-codes: G21 M31 (search for similar items in EconPapers)
Date: 2017
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