Determinants of bank interest margins in Russia : Does bank ownership matter?
Fungáčová, Zuzana; Poghosyan, Tigran (18.12.2009)
Numero
22/2009Julkaisija
Bank of Finland
2009
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408071967Tiivistelmä
This paper analyzes interest margin determinants in the Russian banking sector with a particular emphasis on the bank ownership structure. Using a 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 bank risk aversion is homogeneous across ownership groups. The results overall suggest the form of bank ownership needs to be considered when analyzing interest margin determinants. JEL classification: G21, P34 Keywords: bank interest margins, financial intermediation, Russia
Julkaisuhuomautus
Published in Economic Systems 35 (2011) pp. 481-495.