Bank Liberalization and Profitability: Evidence from Greek Commercial Banks

Posted: 15 Oct 2000

See all articles by Panayotis Alexakis

Panayotis Alexakis

Athens Stock Exchange

Stavros Thomadakis

National and Kapodistrian University of Athens - Faculty of Economics

Manolis Xanthakis

Athens Stock Exchange

Abstract

This paper investigates the evolution of the determinants of bank profitability for a small bank market, as it is the case of the Greek market. The period examined, 1980-1991, is divided into three subperiods, one in which banks functioned under a highly restricted environment, a second one, where certain changes occurred towards deregulation and a recent one, since 1987, when significant changes have been introduced liberalizing the market. The results suggest that the determinants of profitability of Greek commercial banks were highly different from those depicted in other countries during the periods of intense regulation in Greece. However, liberalisation of the Greek financial system, has brought these determinants more in line with international experience, and thus has normalised the behaviour of Greek commercial banks.

JEL Classification: G21

Suggested Citation

Alexakis, Panayotis and Thomadakis, Stavros and Xanthakis, Manolis, Bank Liberalization and Profitability: Evidence from Greek Commercial Banks. Available at SSRN: https://ssrn.com/abstract=6745

Panayotis Alexakis

Athens Stock Exchange ( email )

10 Sophocleous str.
Athens 105 59
Greece

Stavros Thomadakis (Contact Author)

National and Kapodistrian University of Athens - Faculty of Economics ( email )

8 Pesmazoglou street
GR-10559 Athens
Greece
3-0 1 3236021 (Phone)
3-0 1 3225542 (Fax)

Manolis Xanthakis

Athens Stock Exchange

10 Sophocleous str.
Athens 105 59
Greece

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
1,509
PlumX Metrics