Bank Ownership and Lending Patterns during the 2008-2009 Financial Crisis : Evidence from Latin America and Eastern Europe

Cull, Robert ; Martí ; nez Perí ; a, Marí ; a Soledad

World Bank, Washington, DC

关键词: ACCOUNTING;    AFFILIATES;    ASSET RATIO;    ASSETS RATIO;    BANK ACCESS;   

DOI  :  10.1596/1813-9450-6195
RP-ID  :  WPS6195

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper examines the impact of bankownership on credit growth in developing countries beforeand during the 2008-2009 crisis. Using bank-level data forcountries in Eastern Europe and Latin America, it analyzesthe growth of banks' total gross loans as well as thegrowth of corporate, consumer, and residential mortgageloans. Although domestic private banks in Eastern Europe andLatin America contracted their loan growth rates during thecrisis, there are differences in foreign andgovernment-owned bank credit growth across regions. InEastern Europe, foreign bank total lending fell by more thandomestic private bank credit. These results are primarilydriven by reductions in corporate loans. Furthermore,government-owned banks in Eastern Europe did not actcounter-cyclically. The opposite was true in Latin America,where the growth of government-owned banks' corporateand consumer loans during the crisis exceeded that ofdomestic and foreign banks. Contrary to the case of foreignbanks in Eastern Europe, those in Latin America did not fuelloan growth prior to the crisis and did not contract lendingat a faster pace than domestic banks during the crisis.