Abstract
The last decade has required the whole Spanish banking system to accept the challenges of the free market. Although this was a direction taken some years before, it was followed with much greater certainty once the expectation of entry into the European Common Market was confirmed. Savings banks have also been faced during these years with the same challenge but have had to take into account the fact that they are financial institutions which have to compete in the markets, as well as the institutional changes in their governing bodies. In view of the results, all these changes have been well borne by the savings banks, which increased their market share in many years of the period. However, the institutional peculiarity of the savings banks poses the problem of compatibility between their legal status and the full development of the incentives to efficiency provided by competition in all markets, including those of ownership rights over firms.
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Pastor, J.M., Pérez, F. (2000). Specialisation and Competitiveness of the Spanish Savings Banks, 1984—95. In: Gardener, E.P.M., Falzon, J. (eds) Strategic Challenges in European Banking. Palgrave Macmillan, London. https://doi.org/10.1057/9780230377363_6
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DOI: https://doi.org/10.1057/9780230377363_6
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