The young market economies of the states in Central and Eastern Europe (CEE) are knocking at the door of the EuropeanUnion. This led public and economic discussion to a debate on the question, if, considering the relative economicunderdevelopment of the reform countries compared with the...

This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures of both acquirers and targets. We find that capitalization, profitability and liquidity show signs of statistically and economically signifi cant mean reversion for acquirers....