Detail publikace

Net Interest Margin of Cooperative Banks in Low Interest Rate Environment

Autor: Mgr. Matěj Kuc ,
PhDr. Karolína Vozková ,
Typ: Články ve sborníku
Rok: 2018
Číslo: 0
ISSN / ISBN:
Publikováno v: Proceedings, 20th International Conference on Mathematics, Statistics and Financial Economics, Rome
Místo vydání:
Klíčová slova: cooperative banks, performance, negative interest rates, risk management
JEL kódy:
Citace:
Granty: GAČR 18-05244S - Inovativní přístupy k řízení úvěrových rizik GAUK č. 488317 - Výkonnost družstevního bankovnictví v České republice a dalších zemích EU Výkonnost družstevních záložen v České republice a dalších evropských zemích
Abstrakt: This paper deals with the impact of decrease in interest rates on the performance of commercial and cooperative banks in the Eurozone measured by net interest margin. The analysis was performed on balanced dataset of 268 commercial and 726 cooperative banks spanning the 2008 - 2015 period. We employed Fixed Effects estimation panel method. As expected, we found a negative relationship between market rates and net interest margin. Our results suggest that the impact of negative interest income differs across individual banking business models. More precisely, those cooperative banks were much more hit by the decrease of market interest rates which might be due to their ownership structure and more restrictive business regulation.

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