ICT-related Behavior of Greek Banks in the Economic Crisis

PurposeThis paper aims to search for the factors that influence the profitability of Greek commercial and cooperative banks by examining other variables that have never been used before. It also seeks to examine bank performance before and during the economic crisis in Greece. The survey is based on previous similar research.Design/methodology/approachA multiple regression analysis has been used for the determination of the factors which influence the profitability of the Greek banking sector as well as the multicriteria method PROMETHEE for the examination of the Greek banking sector performance before (2007) and during the economic recession (2008‐2009).FindingsThe paper finds that: type of bank plays an important role in profitability; the indicator ROA is associated only with well‐capitalized banks with sufficient liquidity and cost efficiency; and cooperative banks in general at the beginning of the crisis were less influenced by the economic crisis than commercial banks.Originality/valueThis is the first time that the entire Greek banking system has been examined for the particular period regarding the factors that influence bank profitability. Up to now there has been no published research examining whether the type of the bank influences profitability or which of banks remained efficient and “durable” before and during the first two years of the economic crisis in Greece.

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Greek banking sector in the economic crisis and M&As as a solution

Corporate Board role duties and composition ◽

10.22495/cbv15i2art4 ◽

2019 ◽

Vol 15 (2) ◽

pp. 37-44 ◽

Cited By ~ 1

Author(s):

Michail Pazarskis ◽

George Drogalas ◽

Alkiviadis Karagiorgos ◽

Efthalia Tabouratzi

Keyword(s):

Mergers And Acquisitions ◽

Economic Crisis ◽

Banking Sector ◽

Statistical Tests ◽

Capital Adequacy ◽

Total Capital ◽

National Bank ◽

One Year ◽

Greek Banks ◽

The Impact

This study examines the impact of thirteen mergers and acquisitions in the Greek banking sector which took place during the period of economic crisis: 2008-2014. More specifically, the sample of this study consists of all the mergers and acquisitions that led to the four remaining Greek banks (the acquirers of the above-mentioned transactions) which are: National Bank of Greece, Piraeus Bank, Eurobank and Alpha Bank. These specific banks were chosen due to the fact that after the M&As transactions we were able to compare their financial data. This comparison was made by using eight ratios for statistical tests one-year pre- and post-merger. The results of the study indicate statistically significant improvement in three capital structure and viability ratios, as well as a slight improvement on a liquidity ratio, while there is statistically insignificant change or no improvement on the profitability and efficiency ratios. In conclusion, there was some improvement in terms of capital adequacy and loan structure as far as the total capital employed of the merged institutions is concerned, but without improving the profitability of the banks during the economic crisis in Greece.

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Mental representation of economic crisis in Italian and Swiss samples 1The authors would like to thank Maurizio Mistri for his help in the construction of items. This research was supported by a grant from the Italian Murst (ex 40%).

Swiss Journal of Psychology ◽

10.1024//1421-0185.60.1.11 ◽

2001 ◽

Vol 60 (1) ◽

pp. 11-14 ◽

Cited By ~ 10

Author(s):

Lucia Savadori ◽

Eraldo Nicotra ◽

Rino Rumiati ◽

Roberto Tamborini

Keyword(s):

Economic Crisis ◽

Mental Representation ◽

Mental Representations ◽

Social Contexts ◽

Raw Material ◽

National Context ◽

Cluster Procedure ◽

Total N ◽

Two Samples ◽

Important Symptom

The content and structure of mental representation of economic crises were studied and the flexibility of the structure in different social contexts was tested. Italian and Swiss samples (Total N = 98) were compared with respect to their judgments as to how a series of concrete examples of events representing abstract indicators were relevant symptoms of economic crisis. Mental representations were derived using a cluster procedure. Results showed that the relevance of the indicators varied as a function of national context. The growth of unemployment was judged to be by far the most important symptom of an economic crisis but the Swiss sample judged bankruptcies as more symptomatic than Italians who considered inflation, raw material prices and external accounts to be more relevant. A different clustering structure was found for the two samples: the locations of unemployment and gross domestic production indicators were the main differences in representations.

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