Abstract
This chapter summarises some exploratory research commissioned from the Institute of European Finance (IEF) by FIES (Fondo para la Investigacion Economica y Social) of the Spanish Confederation of Savings Banks (CECA) under a project entitled The Future of Savings Banks in the Single Financial Market of the EU’. This project, begun in December 1995 and completed in August 1996, examined the environment and strategic (organisational) prospects for savings banks in the New Europe, characterised by the virtual completion of the SMP (Single Market Programme) and the approach of EMU. The emphasis is on different strategic adaptive organisational models that the savings banks might pursue (and are developing) to survive profitably in the New Europe. The research methodologies deployed in the study include reports by select country experts and a series of ten mini case studies. The particular countries surveyed are Belgium, Denmark, Finland, France, Germany, Italy, Norway, Spain, Sweden and the UK. The project concludes with a more focused analysis of the Spanish savings banks. In some respects, this project is a continuation of the so-called ‘Revell Report’ on Spanish savings banks (Revell, 1989). However, the primary emphasis of the present project is the current and developing organisational strategies being pursued by the European savings banks.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Abraham, J. P. and F. Lierman (1991), European Banking Strategies in the Nineties: A Supply Side Approach, IEF Research Papers in Banking and Finance, RP 91/8, Institute of European Finance, Bangor, UK.
The Banker (1994), ‘CSFI: Mutual benefits’ (October), 144(824), p. 16.
Bank of Spain (1996), Economic Bulletin, April.
Blanden, M. (1991), ‘Wobbly vision’, The Banker, 141(787), September, pp. 43–4.
Carbo, S. et al. (1996), The Future of Savings Banks in the Single Financial Market of the EU (Confidential Report to FIES, Spain), Institute of European Finance, Bangor, UK.
Clarke, P. D. et al. (1988), ‘The genesis of strategic marketing control in British retail banking’, International Journal of Bank Marketing, 6 (2), pp. 5–19.
Commission of the European Communities (1988), European Economy: The Economics of 1992 (Brussels: Directorate-General for Economic Affairs).
European Banker (1993), ‘Savings banks survey: a pan-European challenge’, 84, March.
European Banker (1994), ‘With solidarity the future looks good’, November.
Gardener, E. P. M. (1996), ‘The future of traditional banking’, Revue de la Banque, 4, pp. 187–99.
Gardener, E. P. M. and P. Molyneux (1996), ‘The strategic implications of EMU for European banking’, Paper delivered at CEPS Workshop, Brussels on 24 June 1996.
Gibson, J. L. and J. H. Donnelly, Jr (1985), ‘Integrating organisational structure and strategy: achieving a market-oriented financial institution’, Journal of Retail Banking, 7(3), pp. 13–22.
Gouzouli, C. et al. (1992), Measuring the Performance of Banks (London Business School).
Hunter, W. C. (1995), ‘Internal organisation and economic performance: the case of large US commercial banks’, Federal Reserve Bank of Chicago Economic Perspectives, 19(5), pp. 10–20.
Johnson, G. and K. Scholes (1993), Exploring Corporate Strategy: Text and Cases (London: Prentice Hall).
Le Ray, A. (1995), ‘Savings banks span the global economy’, ESBG Perspectives, 4, pp. 3–7.
Lindblom, C. E. (1959), ‘The science of muddling through’, Public Administration Review, 19, pp.79-88.
McClean, J. (1994), ‘Looking after the customer’, The Banker, May; pp. 64–5.
Milligan, J. N. (1995), ‘Why big banks are getting bigger’, US Banker, 105(8), August.
Molyneux, P. et al. (1996), Efficiency in European Banking (Chichester: John Wiley).
Morgan Grenfell (1994), Building Societies: A Review of Mutuality (London: Morgan Grenfell & Co. Ltd).
Morgan Stanley (1995a), ‘Trading income, erratic patterns’, European and UK Banking Bulletin, 13 November.
Morgan Stanley (1995b), ‘European implications for US merger mania’, European and UK Banking Bulletin, 4 September.
Morgan Stanley (1996), ‘EMU, convergence and re-rating; Spain, Italy and Sweden the Pick’, European Banking Commentary, 20 February.
OECD (1996), Bank Profitability (1985–94) (Paris: OECD).
PACEC (PA Cambridge Economic Consultants Ltd)/IEF (Institute of European Finance) (1996), .4 Study of the Effectiveness of the Internal Market Integration in the Banking Market, Report to the European Commission, DG XV, August (Brussels: European Commission).
Perez, F. and J. M. Pastor (1994), La productividad del sistema bancario espanol (1986–92), Papeles de Economia Espanola, 58, pp. 62–87, Fundacion FIES, CECA, Madrid, Spain.
Pryce, V. and N. B. Griffin (1996), ‘They have a dream’, The Banker, 146(842), pp. 78–9.
Quinn, J. B. (1980), Strategies for Change (London; R. D. Irwin).
Revell, J. (1989), The Future of Savings Banks: A Study of Spain and the Rest of Europe, IEF Research Monographs in Banking and Finance no. 8, Institute of European Finance, University of Wales, Bangor, UK.
Schuster, L. (ed.) (1996), Banking Cultures of the World (Frankfurt am Main, Germany: Fritz Knapp Verlag).
Vesala, Jukka (1995), Testing for Competition in Banking: Behavioural Evidence from Finland, Bank of Finland Studies E:l.
Editor information
Editors and Affiliations
Copyright information
© 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Carbo, S., Gardener, E.P.M., Molyneux, P., Williams, J. (2000). Adaptive Strategies by European Savings Banks: A Case Study of Spain. In: Gardener, E.P.M., Falzon, J. (eds) Strategic Challenges in European Banking. Palgrave Macmillan, London. https://doi.org/10.1057/9780230377363_9
Download citation
DOI: https://doi.org/10.1057/9780230377363_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-40778-1
Online ISBN: 978-0-230-37736-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)