LTReikšminiai žodžiai: Bankininkystė; Efektyvumas; Ekonomiškumas; Kaštai; Konvergencija; Naujosios ES valstybės narės; Pelnas; Pelno efektyvumas; Banking; Convergence; Cost; Cost efficiency; Efficiency; New EU member states; Profit; Profit efficiency.
ENWe employ the stochastic frontier approach and estimate a common frontier in order to examine cost and profit efficiency in the banking systems of the ten new European Union member states over the period 1998– 2003. The results indicate a generally low level of cost and an even lower level of profit efficiency, whilst we do not observe marked differences of inefficiency scores across countries. Foreign banks outperform both stateowned and domestic private-owned banks in terms of profit efficiency, though results are less clear in the case of cost efficiency. In addition, β- and σ-convergence criteria indicate some convergence in cost efficiency across the new member states, yet no convergence appears to have been achieved in terms of profit efficiency. [From the publication]