To read this content please select one of the options below:

Classifying Greek banks based on Bank Ranking Index (BRI)

Maria Mavri (Department of Business Administration, University of the Aegean, Chios, Greece)

Benchmarking: An International Journal

ISSN: 1463-5771

Article publication date: 23 August 2013

1049

Abstract

Purpose

In the situation of financial crisis, the performance of banking and financial institutions is considered to be important for a country's economy. The purpose of this paper is to develop an index, called the “Bank Ranking Index” (BRI), which classifies banks in a descending order.

Design/methodology/approach

This study proposes the BRI, which is based on a set of quantitative indicators representing, the financial market, the bank's financial identity and its infrastructure and classifies banks in a descending order. Cluster analysis is also used in order to compare the results of the above classification.

Findings

The index is implied in a representative sample of 16 Greek banks. The results indicate that through the proposed approach the banks can improve their efficiency and their overall performance in order to satisfy customers' needs in a more efficient way.

Practical implications

The paper seeks the proposed index as a benchmarking tool, which could be valuable to the bank's management team in order to plan and configure its strategy of development.

Originality/value

Based on banks' characteristics and on financial data the paper introduce a simple index, the BRI, based on which the paper assess the performance of a bank institution.

Keywords

Citation

Mavri, M. (2013), "Classifying Greek banks based on Bank Ranking Index (BRI)", Benchmarking: An International Journal, Vol. 20 No. 5, pp. 607-624. https://doi.org/10.1108/BIJ-09-2011-0069

Publisher

:

Emerald Group Publishing Limited

Copyright © 2013, Emerald Group Publishing Limited

Related articles