Fries, Steven; Taci, Anita - European Bank for Reconstruction and Development (EBRD) - 2004
of 289 banks in 15 east European countries. The findings showed that banking systems in which foreign-owned banks have a … 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. …