Abstract

http://ssrn.com/abstract=2020356
 
 

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Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter?


Zuzana Fungáčová


Bank of Finland - Institute for Economies in Transition (BOFIT); Charles University in Prague - Department of Economics

Tigran Poghosyan


International Monetary Fund (IMF)

March 12, 2012

Economic Systems, Vol. 35, No. 4, 2011

Abstract:     
This paper analyzes interest margin determinants in the Russian banking sector with a particular emphasis on the bank ownership structure. Using unique bank-level data covering Russia’s entire banking sector for the 1999-2007 period, we find that the impact of a number of commonly used determinants such as market structure, credit risk, liquidity risk and size of operations differs across state-controlled, domestic-private and foreign-owned banks. At the same time, the influence of operational costs and risk aversion is homogeneous across ownership groups. The results overall suggest that the form of bank ownership needs to be considered when analyzing interest margin determinants.

Keywords: Bank interest margins, Financial intermediation, Russia

JEL Classification: G21, P34

Accepted Paper Series


Not Available For Download

Date posted: March 13, 2012  

Suggested Citation

Fungáčová, Zuzana and Poghosyan, Tigran, Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter? (March 12, 2012). Economic Systems, Vol. 35, No. 4, 2011. Available at SSRN: http://ssrn.com/abstract=2020356

Contact Information

Zuzana Fungáčová (Contact Author)
Bank of Finland - Institute for Economies in Transition (BOFIT) ( email )
Snellmaninaukio
PO Box 160
Helsinki 00101
Finland
HOME PAGE: http://www.bof.fi/bofit_en/index.htm
Charles University in Prague - Department of Economics ( email )
Opletalova 26
Prague, 11000
Czech Republic
Tigran Poghosyan
International Monetary Fund (IMF) ( email )
700 19th Street, N.W.
Washington, DC 20431
United States
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