LTReikšminiai žodžiai: Bankininkystė; Ekonomiškumas; Kaštų efektyvumas; Pereinamojo laikotarpio ekonomika; Pereinamosios ekonomikos; Įrodymai; Banking; Cost efficiency; Evidence; Transition economies.
ENTo understand the transformation of banking in the post-communist transition, we examine the cost efficiency of 289 banks in 15 East European countries. We find that banking systems in which foreign-owned banks have a larger share of total assets have lower costs and that the association between a country s progress in banking reform and cost efficiency is non-linear. Early stages of reform are associated with cost reductions, while costs tend to rise at more advanced stages. Private banks are more efficient than state-owned banks, but there are differences among private banks. Privatised banks with majority foreign ownership are the most efficient and those with domestic ownership are the least. [From the publication]