LOCAL FINANCIAL FACTORS INFLUENCING ACTIVITIES OF GREEK COOPERATIVE BANKS

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Main Author: Simeon Karafolas
Format: Artículo científico
Language:en
Published: Universidad Complutense de Madrid 2010
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author Simeon Karafolas
author_facet Simeon Karafolas
contents LOCAL FINANCIAL FACTORS INFLUENCING ACTIVITIES OF GREEK COOPERATIVE BANKS Simeon Karafolas George Konteos Economía y Finanzas Greece Bank strategy Local economy Cooperative banks This paper examines the influence of local conditions on banking activities focusing on the case of 14 cooperative banks in Greece for the period 1999-2007. These banks have been chosen because of their local character and consequently they are more influenced by local conditions in comparison to banks having a national and even international network. Local conditions could be endogenous and exogenous to the bank. The endogenous to the bank are the banking network developed locally or regionally, and the members of the banks who are the main part of the banks' clientele. A macroeconomic and exogenous to the bank condition is the amount of savings in the prefecture in which the cooperative bank operates. The banking activities which have been examined include the deposits and loans constituting the main part of banking activities of cooperative banks in Greece. The growth of the banking network is the main factor of growth of the bank's activities; growth of cooperatives' members and the growth of the local savings have a positive but less important influence on cooperative banks' activities. 2010 artículo científico 1135-6618 https://www.redalyc.org/articulo.oa?id=36715601003 en http://www.redalyc.org/revista.oa?id=367 REVESCO. Revista de Estudios Cooperativos application/pdf Universidad Complutense de Madrid REVESCO. Revista de Estudios Cooperativos (España) Num.103
format Artículo científico
id redalyc_36715601003
institution Redalyc
language en
publishDate 2010
publisher Universidad Complutense de Madrid
spellingShingle LOCAL FINANCIAL FACTORS INFLUENCING ACTIVITIES OF GREEK COOPERATIVE BANKS
Simeon Karafolas
Economía y Finanzas
Greece
Bank strategy
Local economy
Cooperative banks
LOCAL FINANCIAL FACTORS INFLUENCING ACTIVITIES OF GREEK COOPERATIVE BANKS Simeon Karafolas George Konteos Economía y Finanzas Greece Bank strategy Local economy Cooperative banks This paper examines the influence of local conditions on banking activities focusing on the case of 14 cooperative banks in Greece for the period 1999-2007. These banks have been chosen because of their local character and consequently they are more influenced by local conditions in comparison to banks having a national and even international network. Local conditions could be endogenous and exogenous to the bank. The endogenous to the bank are the banking network developed locally or regionally, and the members of the banks who are the main part of the banks' clientele. A macroeconomic and exogenous to the bank condition is the amount of savings in the prefecture in which the cooperative bank operates. The banking activities which have been examined include the deposits and loans constituting the main part of banking activities of cooperative banks in Greece. The growth of the banking network is the main factor of growth of the bank's activities; growth of cooperatives' members and the growth of the local savings have a positive but less important influence on cooperative banks' activities. 2010 artículo científico 1135-6618 https://www.redalyc.org/articulo.oa?id=36715601003 en http://www.redalyc.org/revista.oa?id=367 REVESCO. Revista de Estudios Cooperativos application/pdf Universidad Complutense de Madrid REVESCO. Revista de Estudios Cooperativos (España) Num.103
title LOCAL FINANCIAL FACTORS INFLUENCING ACTIVITIES OF GREEK COOPERATIVE BANKS
topic Economía y Finanzas
Greece
Bank strategy
Local economy
Cooperative banks
url https://www.redalyc.org/articulo.oa?id=36715601003