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122 Economic Analysis (2010, Vol. 43, No. 1-2, 117-125) Chart 3. CR3 and CR5 indeces on credit market 4 The development of the CR3 and CR5 indeces for credit market gives us interesting conclusions. While the share of five largest banks for the retail sector changed over the period very slightly, in 2007 the proportion of three and five largest banks in the credit market for the corporate sector reached the highest level. An important and surprising fact is that the difference between the share of three largest banks in the retail sector and the share of five largest banks in the corporate sector is minimal. What once again is a demonstration of the low level of competition in the services for retail sector and the dominant position of the three largest banks. Until 2007 deposit market for retail sector had substantially higher concentration than the corporate sector. But since 2007 the share of five largest banks in both sectors is almost equal (the difference is 1 percentage point.). Although the share of three largest banks in the corporate sector is lower than in the retail sector, around 10%, there is a similar trend with the share of three largest banks in the retail sector. It should be noted that during the watched period in the retail sector minimal changes took place. Chart 4. CR3 and CR5 indeces for deposit market 3 4 [cit. 2009/12/1] http://www.nbs.sk
Střelecká, Z., Competition in Banking Market in Slovakia, EA (2010, Vol. 43, No. 1-2, 117-125) 123 An alternative method of determining the competition An alternative way how to determine the competitive environment is to compare the difference between the individual market shares of market players. Total assets are considered as an appropriate indicator for determining the market share. In the following section the share of assets of the i th bank on assets of total banking sector (MS i) is compared with the share of assets of j th bank on total assets of banking sector (MS j). Chart 5. Development of market shares (variable – total assets) 5 The difference between the market share of bank with the strongest position (leding bank, MS 1) and bank with the second largest share (MS 2) reaches the highest value in 2006. Comparing the difference between the market shares of leading bank and bank with the third largest share (MS 3) a similar trend can be seen. The development of these indicators gives us interesting results. While during years 2004 - 2006 leading bank affirmed its position (see Chart 5), between years 2007 and 2008 lost this favourable position and what is interesting the difference between the leading bank and position of the second and the third bank decreased. In the future we can expect the exchange of the positions between bank with the second and third largest market share. If in the calculation of market shares is variable “total assets” replaced by balance sheet items: client´s credits or clientsʹ deposits, it would bring us interesting conclusions, too. The development on the deposit market is slightly different. Till 2006 there is a widening gap between the market shares of leading bank and the bank with the second highest market share. During the years 2006 and 2008 there is a reduction of this difference. On the contrary, the difference between leading bank and the bank with the third largest market share (MS 1 - MS 3) during years 2004 and 2008 decreased (Chart 7). Leadership on the market with deposits and with total assets belongs to the same bank. 5 Author´s calculations. [cit. 2009/12/1] http://www.nbs.sk/sk/statisticke-udaje/menova-abankovastatistika /menova-statistika-penaznych-financnych-institucii#AM1-12PF
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PUBLISHER Institute of Economic Sci
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C O N T E N T S The Upsurgence of C
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Guest Editor’s Notes The current
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ORIGINAL SCIENTIFIC PAPER The Upsur
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Matray, M., The Upsurgence of Clust
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ORIGINAL SCIENTIFIC PAPER The Analy
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Erös, A., The Analysis of Long Run
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Tej, J., Economic Assessment of Sel
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Glova, J., Matrix Theory Applicatio
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Glova, J., Matrix Theory Applicatio
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References Glova, J., Matrix Theory
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Horvátová, E., Method of Banks Va
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SCIENTIFIC RIEVIEW Future Stance of
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Kotlebova, J., Future Stance of Cur
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