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Bank performance and the financial crisis: evidence from Kazakhstan

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  • Anthony J. Glass
  • Karligash Kenjegalieva
  • Thomas Weyman-Jones

Abstract

During the first phase of the financial crisis in 2008/09, after Iceland and Belgium, Kazakhstan experienced the most significant bank failures as a share of bank system assets. Using rich monthly data for virtually the entire Kazakh banking industry for the period March 2007--December 2010, Stochastic Frontier Analysis (SFA) is used to fit several functions (cost, revenue, standard profit, alternative profit and input distance). Among other things, we estimate the effects of two measures of the quality and risk of the loan portfolio on the industry best practice frontiers and bank inefficiencies. We find that an increase in the volume of bad loans as a ratio of total lending has a desirable effect on the cost, input-distance and alternative profit frontiers, all of which is consistent with the 'skimping' hypothesis.

Suggested Citation

  • Anthony J. Glass & Karligash Kenjegalieva & Thomas Weyman-Jones, 2014. "Bank performance and the financial crisis: evidence from Kazakhstan," Applied Financial Economics, Taylor & Francis Journals, vol. 24(2), pages 121-138, January.
    • Handle: RePEc:taf:apfiec:v:24:y:2014:i:2:p:121-138
    DOI: 10.1080/09603107.2013.868584
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    Cited by:

    1. Adetutu, Morakinyo O. & Odusanya, Kayode A. & Ebireri, John E. & Murinde, Victor, 2020. "Oil booms, bank productivity and natural resource curse in finance," Economics Letters, Elsevier, vol. 186(C).

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