Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/328885 
Year of Publication: 
2023
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 11 [Issue:] 10 [Article No.:] 260 [Year:] 2023 [Pages:] 1-17
Publisher: 
MDPI, Basel
Abstract: 
The paper studies the productivity change of the commercial banks in the CEE countries over the post-crisis period 2013-2018. The productivity change is measured by the Malmquist Productivity Index and its sub-components, applying two approaches-the asset-oriented and profit-oriented intermediation approaches. The analysis uses data from a balanced panel of 181 commercial banks in 11 CEE countries. We find that commercial banks' productivity, measured with the asset-oriented intermediation approach, decreased in most of the CEE countries over 2013-2018, with a decline ranging, on average, from 1% to 6.9%, driven mainly by a decline in technical efficiency. Nevertheless, estimates using the profit-intermediation approach point to productivity growth in commercial banks in all CEE countries, ranging, on average, from 0.5% to 6.3%. The empirical findings imply the need for the CEE commercial banks to further digital transformation and cost rationalization.
Subjects: 
commercial banks
productivity
productivity change
Malmquist index
Central andEastern Europe
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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