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

Ilko Naaborg (), Bert Scholtens, Jakob de Haan, Hanneke Bol and Ralph de Haas
Additional contact information
Hanneke Bol: University of Groningen, PO Box 800, 9700 AV Groningen, The Netherlands
Ralph de Haas: The Netherlands Bank, Amsterdam, The Netherlands

Journal of Emerging Market Finance, 2004, vol. 3, issue 2, 99-123

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.

Keywords: Financial development; financial institutions; foreign bank entry; transition economies; bank performance (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (7)

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Working Paper: How Important are Foreign Banks in the Financial Development of European Transition Countries? (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:emffin:v:3:y:2004:i:2:p:99-123

DOI: 10.1177/097265270400300202

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