The profitability of Greek Cooperative Banks with methodology of DuPont Analysis

8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis

1/106

[1]

,

ROE

ROA 12

DuPont Analysis. 2001

2010, . (2001 -

2006) (2007-2010).

,

,

.

ROE,

ROA DuPont Analysis. ,

DuPont

ROE, ROA

DuPont Analysis.

.


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[2]

ABSTRACT

In this paper we try to investigate, discover and present the ROE and efficiency of Assets

ROA 12 main Greek cooperative banks using the ratio of DuPont Analysis. The period we will look to

the period from 2001 to 2010, which separates it into two other periods. The period before the

crisis (2001-2006) and the period after the crisis ( 2007-2010) .

Beginning in the first chapter , we report on the history and the development stages of the

organization of cooperative banks , the advantages and the social importance of cooperative banks .

In the second chapter we describe the way in which measure the efficiency of capital through the

use of indicators of ROE, ROA and DuPont Analysis. In the third chapter , we present the results of

research DuPont using tables cite both the Economics of Cooperative banks and quantifying the

results of the indicators of ROE, ROA and DuPont Analysis.

Below each table but out diagrams show the individual variations of Capital performance.


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[3]

RSUM

Dans cet article nous essayons de chercher, dcouvrir et presenter ROA le rendement des

capitaux propres et l'efficacit des actifs ROA 12 principales banques coopratives grecques en

utilisant le rapport d'analyse DuPont ROE. La priode que nous allons examiner la priode allant

de 2001 2010, qui spare en deux autres priodes. La priode avant la crise (2001-2006) et la

priode aprs la crise (2007-2010) .

Ds le premier chapitre, nous prsentons l'histoire et les tapes de dveloppement de

l'organisation des banques coopratives, les avantages et l'importance sociale de banques

coopratives. Dans le deuxime chapitre, nous dcrivons la manire dont mesurer l'efficacit du

capital grce l'utilisation d'indicateurs de ROE, ROA et analyse DuPont. Dans le troisime chapitre ,

nous prsentons les rsultats de la recherche DuPont aide de tableaux parlent la fois l'conomie

de banques coopratives et de quantifier les rsultats des indicateurs de ROE, ROA et analyse

DuPont.

En dessous de chaque tableau, mais des diagrammes montrent les variations individuelles de

la performance de la capital.


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[4]

.4

EI

1 .10

1.1 .11

1.2 .13

1.3 .16

1.4 .18

1.5 .19

1.6 . . .23

1.7 .26

1.8 .27

2: DUPONT .28

2.1 ROE .28

2.2 H ROA .29

2.3 DUPONT .30

2.4 .33

2.5 .33

2.6 .34

2.7 .34

2.8 .35

2.9 .36

3: DUPONT ANALYSIS . .37

3.1 .. .38

3.2 .. .42

3.3 XPHMATOOIKONOMIKOI .. .47

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3.6 .. .62

3.7 .. .673.8 .. .72

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3.12 .. .93

DuPont Analysis / .99

BIB .101

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Basel III: A global regulatory framework for more resilient banks and banking systems,

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26www.este.gr.
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[25]

2: DUPONT27

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(Papoulias, 2000).

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27http://mibes.teilar.gr/proceedings/2011/oral/13.pdf
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26/106

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27/106

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Equity Multiplier = / (4)

1 DuPont analysis28

28http://mibes.teilar.gr/proceedings/2011/oral/13.pdf
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[30]

2.4 (NET INCOME)

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34/106

[34]

3 : DuPont Analysis .

, .

, .

DuPont Analysis 2001-2010

, 2001 2006 2007 2010.

,

.

,

. ROA, ROE DuPont

.

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[35]

3.1

.

1: / /

(2001-2006).

2001 -0,02 10,06 3,80

2002 0,01 12,37 4,00

2003 -0,48 16,22 4,10

2004 0,09 18,23 6,96

2005 0,33 22,19 8,21

2006 0,37 27,58 9,55

: .

1

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2001 2003.

2006.

2: / /

(2007-2010).

: .

2 2010 0,13

. 84,56 ,

2008

2010 2008.

2007 0,21 41,37 10,49

2008 0,22 53,44 9,72

2009 0,14 84.87 16,95

2010 0,13 84,56 19,50


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[36]

3 : ROA & ROE (2001-2006)

: .

3 ROA ROE

2001 2003. 2003 .

ROE 2003 -11,71%.

1: ROA (2001-2006)

: .

2: ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA -0.20% 0.08% -2.96% 0.49% 1.49% 1.34%

-4.00%

-3.00%

-2.00%

-1.00%

0.00%

1.00%

2.00%

ROA

2001 2002 2003 2004 2005 2006

ROE -0.52% 0.25% -11.71% 1.29% 4.02% 3.87%

-15.00%

-10.00%

-5.00%

0.00%

5.00%ROE

ROA ROE

2001 -0,20% -0,52%

2002 0,08% 0,25%2003 -2,96% -11,71%

2004 0,49% 1,29%

2005 1,49% 4,02%

2006 1,34% 3,87%


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[37]

ROA & ROE (2001-2006)

: .

4 : ROA & ROE (2007-2010)

ROA ROE

2007 0,51% 2,00%

2008 0,41% 2,26%

2009 0,16% 0,82%

2010 0,15% 0,66%: .

4 ROA 2010 0,15% 1,49%

2004 . ROE

2010 0,66%.

4: ROA (2007-2010).

: .

2001 2002 2003 2004 2005 2006

ROE -0.52% 0.25% -11.71% 1.29% 4.02% 3.87%

ROA -0.20% 0.08% -2.96% 0.49% 1.49% 1.34%

-20.00%

-15.00%

-10.00%

-5.00%0.00%

5.00%

10.00%

3

2007 2008 2009 2010

ROA 0.51% 0.41% 0.16% 0.15%

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%ROA


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[38]

5: ROE (2007-2010)

: .

ROA & ROE (2007-2010)

: .

5 : DuPont ANALYSIS

(2001-2010)

2007 2008 2009 2010

ROE 2.00% 2.26% 0.82% 0.66%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

ROE

2007 2008 2009 2010

ROE 2.00% 2.26% 0.82% 0.66%

ROA 0.51% 0.41% 0.16% 0.15%

0.00%

0.50%1.00%

1.50%

2.00%

2.50%

3.00%

6

DuPont

2001 -0,52%

2002 0,25%

2003 -11,70%

2004 1,28%

2005 4,02%

2006 3,78%

2007 2,00%

2008 2,25%

2009 0,80%

2010 0,65%


39/106

[39]

: .

DuPont

2001 2004

2007 2010,

2004 2006,

7: DuPont ANALYSIS

(2001-2010)

: .

3.2

.

6: / /

(2001-2006).

2001 0,31 11,15 4,15

2002 0,34 12,40 4,24

2003 0,26 18,90 4,95

2004 0,52 27,29 6,42

2005 0,13 31,61 6,67

2006 0,34 31,18 6,85

: .

6

2004

2005.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont -0.52% 0.25% -11.70 1.28% 4.02% 3.78% 2.00% 2.25% 0.80% 0.65%

-14.00%

-12.00%

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

DuPont


40/106


41/106

[41]

8: ROA (2001-2006)

: .

9: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 2.78% 2.74% 1.37% 1.90% 0.41% 1.09%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%3.00%

ROA

2001 2002 2003 2004 2005 2006

ROE 7.47% 8.02% 5.25% 8.10% 1.95% 4.96%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 7.47% 8.02% 5.25% 8.10% 1.95% 4.96%

ROA 2.78% 2.74% 1.37% 1.90% 0.41% 1.09%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

10


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[42]

9: ROA & ROE (2007-2010)

: .

2007 ROA 4,60% ROE 20,41% .

11: ROA (2007-2010)

: .

12: ROE (2007-2010)

: .

2007 2008 2009 2010

ROA 4.60% 1.45% 0.62% 0.75%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

ROA

2007 2008 2009 2010

ROE 20.41% 5.91% 3.58% 4.24%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

ROE

ROA ROE

2007 4,60% 20,41%

2008 1,45% 5,91%

2009 0,62% 3,58%

2010 0,75% 4,24%


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[43]

ROA & ROE (2007-2010)

: .

10: DuPont ANALYSIS (2001-2010)

: .

DuPont Analysis

2001-2004 2003

2002 2,78%.

2005 1,94%

20%.

2007 2008 2009 2010

ROE 20.41% 5.91% 3.58% 4.24%

ROA 4.60% 1.45% 0.62% 0.75%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

13

DuPont

2001 7,45%

2002 8,00%

2003 5,22%

2004 8,10%

2005 1,94%

2006 4,96%

2007 20,39%

2008 5,91%

2009 3,55%

2010 4,24%


44/106

[44]


: .

3.3

.

11: / / (2001-2006).

2001 1,18 81,62 16,47

2002 1,39 96,93 17,92

2003 1,63 132,24 18,52

2004 1,66 150,60 19,88

2005 1,90 187,37 21,14

2006 2,18 205,87 23,09

: .

11 ,

. ..

.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 7.45% 8.00% 5.22% 8.10% 1.94% 4.96% 20.39% 5.91% 3.55% 4.24%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

DuPont


45/106

[45]

12: / /

(2007-2010).

: .

2009 & 2010

, 2010

.

13 : ROA & ROE (2001-2006)

: .

13 ROA

2006, ROE

2004.

2007 2,21 257,17 25,11

2008 2,30 297,75 37,99

2009 2,03 350,21 38,76

2010 1,50 311,40 38,60

ROA ROE

2001 1,44% 7,16%

2002 1,43% 7,75%

2003 1,23% 8,80%

2004 1,10% 8,35%

2005 1,01% 8,99%

2006 1,06% 9,44%


46/106

[46]

15: ROA (2001-2006)

: .

16: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 1.44% 1.43% 1.23% 1.10% 1.01% 1.06%

0.00%

0.50%

1.00%

1.50%

2.00%

ROA

2001 2002 2003 2004 2005 2006

ROE 7.16% 7.75% 8.80% 8.35% 8.99% 9.44%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 7.16% 7.75% 8.80% 8.35% 8.99% 9.44%

ROA 1.44% 1.43% 1.23% 1.10% 1.01% 1.06%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

17


47/106


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[48]

15 : DuPont ANALYSIS (2001-2010)

: .

ROA & ROE (2007-2010)

:

15 21,

2006

9,44%, 2007

2010 .

2007 2008 2009 2010

ROE 8.80% 6.05% 5.24% 3.88%

ROA 0.86% 0.77% 0.58% 0.48%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

20

DuPont

2001 7,13%

2002 7,73%2003 8,80%

2004 8,33%

2005 8,95%

2006 9,44%

2007 8,80%

2008 6,03%

2009 5,24%

2010 3,87%


49/106

[49]


: .

3.4

.

16 : / /

(2001-2006).

2001 0,26 20,70 4,41

2002 0,32 22,98 4,63

2003 0,48 34,55 5,67

2004 0,99 41,71 6,85

2005 0,14 43,18 7,23

2006 0,59 48,27 7,51

: .

2001

, .

2004 1.000.000

.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 7.13% 7.73% 8.80% 8.33% 8.95% 9.44% 8.80% 6.03% 5.24% 3.87%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

DuPont


50/106

[50]

17: / /

(2007-2010).

: .

, 2010.

2010

2005.

18 : ROA & ROE (2001-2006)

: .

18 ROA

ROE. 2004 ROA & ROE

2005 ROA 2,37%

0,32% RO 14,45% 1,93%.

2007 0,71 50,38 7,79

2008 0,18 51,75 10,43

2009 0,63 65.44 12,39

2010 0,14 61,42 12,18

ROA ROE

2001 1,25% 5,89%

2002 1,39% 6,91%

2003 1,39% 8,46%

2004 2,37% 14,45%

2005 0,32% 1,93%

2006 1,22% 7,85%


51/106

[51]

22: ROA (2001-2006)

: .

23: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 1.25% 1.39% 1.39% 2.37% 0.32% 1.22%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

ROA

2001 2002 2003 2004 2005 2006

ROE 5.89% 6.91% 8.46% 14.45% 1.93% 7.85%

0.00%

5.00%

10.00%

15.00%

20.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 5.89% 6.91% 8.46% 14.45% 1.93% 7.85%

ROA 1.25% 1.39% 1.39% 2.37% 0.32% 1.22%

0.00%

5.00%

10.00%

15.00%

20.00%

24


52/106

[52]

19 : ROA & ROE (2007-2010)

: .

2008

,

2010.

25: ROA (2007-2010)

: .

26: ROE (2007-2010)

: .

2007 2008 2009 2010

ROA 1.41% 0.35% 0.96% 0.23%

0.00%

0.50%

1.00%

1.50%

ROA

2007 2008 2009 2010

ROE 9.11% 1.72% 5.08% 1.15%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

ROE

ROA ROE

2007 1,41% 9,11%

2008 0,35% 1,72%

2009 0,96% 5,08%

2010 0,23% 1,15%


53/106

[53]

ROA & ROE (2007-2010)

: .


: .

DuPont ANALYSIS

2001-2004 , 2005

2010 1,16%.

1 2 3 4

ROE 9.11% 1.72% 5.08% 1.15%

ROA 1.41% 0.35% 0.96% 0.23%

0.00%

2.00%

4.00%

6.00%8.00%

10.00%

12.00%

27

DuPont

2001 5,86%

2002 6,89%

2003 8,46%2004 14,43%

2005 1,91%

2006 7,84%

2007 9,12%

2008 1,73%

2009 5,07%

2010 1,16%


54/106

[54]


: .

3.5

.

21: / /

(2001-2006).

2001 0,99 27,57 5,35

2002 0,94 34,09 5,76

2003 1,30 38,75 6,70

2004 1,31 48,94 7,64

2005 1,59 64,17 9,13

2006 1,81 75,41 10,27

: .

21 ,

.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 5.86% 6.89% 8.46% 14.43% 1.91% 7.84% 9.12% 1.73% 5.07% 1.16%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

DuPont


55/106

[55]

22: / /

(2007-2010).

: .

,

2010.

23 : ROA & ROE (2001-2006)

: .

23

ROA ROE 2001 3,59%

2003 19,40%. 2004-2006

ROA 2,70% 2,40% ROE 17,14% 17,59%.

2007 1,53 88,54 15,05

2008 1,10 102,28 15,94

2009 0,73 124,69 16,45

2010 0,85 131,10 16,97

ROA ROE

2001 3,59% 18,50%

2002 2,75% 16,32%

2003 3,35% 19,40%

2004 2,70% 17,14%

2005 2,48% 17,41%

2006 2,40% 17,59%


56/106

[56]

28: ROA (2001-2006)

: .

30: : ROE (2001-2006)

:

ROA & ROE (2001-2006)

:

.

2001 2002 2003 2004 2005 2006

ROA 3.59% 2.75% 3.35% 2.70% 2.48% 2.40%

0.00%

1.00%

2.00%

3.00%4.00%

ROA

2001 2002 2003 2004 2005 2006ROE 18.50% 16.32% 19.40% 17.14% 17.41% 17.59%

14.00%

15.00%

16.00%

17.00%

18.00%

19.00%

20.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 18.50% 16.32% 19.40% 17.14% 17.41% 17.59%

ROA 3.59% 2.75% 3.35% 2.70% 2.48% 2.40%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

31


57/106

[57]

24 : ROA & ROE (2007-2010)

: .

24 ROA

ROE ROA 1,72% 2007 0,65% 2010

ROE 10,16% 2007 5,01% 2010.

32: ROA (2007-2010)

: .

33: ROE (2007-2010)

: .

2007 2008 2009 2010

ROA 1.72% 1.07% 0.58% 0.65%

0.00%

0.50%

1.00%

1.50%

2.00%

ROA

2007 2008 2009 2010

ROE 10.16% 6.90% 4.43% 5.01%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

ROE

ROA ROE

2007 1,72% 10,16%

2008 1,07% 6,90%

2009 0,58% 4,43%2010 0,65% 5,01%


58/106

[58]

ROA & ROE (2007-2010)

: .


: .

DuPont Analysis

2001 2006

16%. 2007

2010

2010 5%.

2007 2008 2009 2010

ROE 10.16% 6.90% 4.43% 5.01%

ROA 1.72% 1.07% 0.58% 0.65%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

34

DuPont

2001 18,49%

2002 16,28%

2003 19,36%

2004 17,12%

2005 17,43%

2006 17,59%

2007 10,13%

2008 6,86%

2009 4,39%

2010 5,02%


59/106

[59]


: .

3.6

.

26: / /

(2001-2006).

2001 0,14 26,54 6,33

2002 0,24 25,20 6,78

2003 0,29 36,10 7,00

2004 0,28 34,39 7,189

2005 0,32 35,75 7,14

2006 0,44 51,40 8,12

: .

26

. 0,01

. 2003 2004. 2004

,

2005 0,04 .

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 18.49% 16.28% 19.36% 17.12% 17.43% 17.59% 10.13% 6.86% 4.39% 5.02%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

DuPont


60/106

[60]

27: / /

(2007-2010).

: .

27

100% 2006 2007,

2009 1,91

. . 2010 2007,

2010 17 .

28 : ROA & ROE (2001-2006)

ROA ROE

2001 0,52% 2,21%

2002 0,95% 3,54%

2003 0,80% 4,14%

2004 0,81% 3,90%

2005 0,89% 4,48%

2006 0,85% 5,42%

: .

ROA & ROE. ROA

2002 2001

0,80% 2003 0,89% 2005 2006

0,04% 2005. ROE

2006 5,42%.

2007 1,05 73,33 12,03

2008 1,40 98,78 12,81

2009 1,91 149,00 16,71

2010 1,56 218,24 17,77


61/106

[61]

36: ROA (2001-2006)

: .

37: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 0.52% 0.95% 0.80% 0.81% 0.89% 0.85%

0.00%

0.20%

0.40%

0.60%

0.80%1.00%

ROA

1 2 3 4 5 6

ROE 2.21% 3.54% 4.14% 3.90% 4.48% 5.42%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 2.21% 3.54% 4.14% 3.90% 4.48% 5.42%

ROA 0.52% 0.95% 0.80% 0.81% 0.89% 0.85%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%7.00%

38


62/106

[62]

29 : ROA & ROE (2007-2010)

: .

ROA & ROE

. 2007 RO

1,43%

. 2010 ROA

0,71%. ROE 2007-2009

2009 11,43% 2010

2007.

39: ROA (2007-2010)

: .

2007 2008 2009 2010

ROA 1.43% 1.42% 1.28% 0.71%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

ROA

ROA ROE

2007 1,43% 8,73%

2008 1,42% 10,93%2009 1,28% 11,43%

2010 0,71% 8,78%


63/106

[63]

40: ROE (2007-2010)

: .

ROA & ROE (2007-2010)

:


:

2007 2008 2009 2010

ROE 8.73% 10.93% 11.43% 8.78%

0.00%

5.00%

10.00%

15.00%

ROE

2007 2008 2009 2010

ROE 8.73% 10.93% 11.43% 8.78%

ROA 1.43% 1.42% 1.28% 0.71%

0.00%

2.00%4.00%6.00%8.00%

10.00%12.00%14.00%

41

DuPont

2001 2,20%

2002 3,52%

2003 4,12%

2004 3,87%

2005 4,46%

2006 5,38%

2007 8,71%

2008 10,95%

2009 11,40%

2010 8,72%


64/106

[64]

DuPont ANALYSIS

2001-2006

. 2007-2010

2009, 2010

2007.


: .

3.7

.

31: / /

(2001-2006).

2001 0,40 18,11 4,592002 0,81 26,98 6,30

2003 1,34 42,42 7,94

2004 1,80 52,90 9,20

2005 2,28 74,30 12,30

2006 2,71 90,11 16,90

: .

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 2.20% 3.52% 4.12% 3.87% 4.46% 5.38% 8.71% 10.95% 11.40% 8.72%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

DuPont


65/106

[65]

,

.

32: / / (2007-2010).

: .

2007 2009,

2010.

2010.

33 : ROA & ROE (2001-2006)

ROA ROE

2001 2,21% 8,71%

2002 3,00% 12,85%

2003 3,16% 16,87%

2004 3,40% 19,56%

2005 3,07% 18,53%

2006 3,00% 16,03%

: .

33 ROA 2,21%

2001 3,00% 2002 3%

2004 3,40%. ROE

2001 2004, .

2007 2,52 119,48 21,71

2008 3,02 137,38 23,46

2009 2,87 191.41 26,44

2010 3,31 212,64 29,06


66/106

[66]

43: ROA (2001-2006)

: .

44: ROE (2001-2006)

:

ROA & ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 2.21% 3.00% 3.16% 3.40% 3.07% 3.00%

0.00%

1.00%

2.00%

3.00%

4.00%ROA

2001 2002 2003 2004 2005 2006

ROE 8.71% 12.85% 16.87% 19.56% 18.53% 16.03%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 8.71% 12.85% 16.87% 19.56% 18.53% 16.03%

ROA 2.21% 3.00% 3.16% 3.40% 3.07% 3.00%

0.00%

5.00%

10.00%

15.00%

20.00%25.00%

45


67/106

[67]

34 : ROA & ROE (2007-2010)

: .

ROA ROE.

46: ROA (2007-2010)

: .

47: ROE (2007-2010)

: .

2007 2008 2009 2010

ROA 2.11% 2.20% 1.50% 1.55%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

ROA

2007 2008 2009 2010

ROE 11.60% 12.87% 10.85% 11.39%

9.50%10.00%10.50%11.00%11.50%12.00%12.50%13.00%13.50%

ROE

ROA ROE

2007 2,11% 11,60%

2008 2,20% 12,87%

2009 1,50% 10,85%

2010 1,55% 11,39%


68/106

[68]

ROA & ROE (2007-2010)

: .

35 : DuPont ANALYSIS

(2001-2010)

: .

35 2004

, 8,71% 2001

2004 19,55%. 2005

1% 2004,

2010

11,35%.

2007 2008 2009 2010

ROE 11.60% 12.87% 10.85% 11.39%

ROA 2.11% 2.20% 1.50% 1.55%

0.00%

2.00%

4.00%

6.00%

8.00%10.00%

12.00%

14.00%

16.00%

48

DuPont

2001 8,71%

2002 12,84%

2003 16,87%2004 19,55%

2005 18,54%

2006 15,99%

2007 11,60%

2008 12,87%

2009 10,86%

2010 11,35%


69/106

[69]

21: DuPont ANALYSIS (2001-2010). `

: .

3.8

.

36: / /

(2001-2006).

2001 0,58 16,46 5,19

2002 0,52 19,67 6,07

2003 0,61 24,18 6,31

2004 0,85 31,63 8,05

2005 1,24 36,88 8,45

2006 1,59 41,14 12,08

: .

36

1,59

. 2006 0,58 . 2001, 41,14 .

2006 16,46 . 2001, 5,19 . 2001

12,08 . 2006.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 8.71% 12.84% 16.87% 19.55% 18.54% 15.99% 11.60% 12.87% 10.86% 11.35%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

DuPont


70/106

[70]

37: / /

(2007-2010).

: .

37

2009 1,84 . 2010

1,67 . .

2010 67,02 17,21 .

38 : ROA & ROE (2001-2006)

: .

38 ROA 2001

2003 3,52% 2,52%

2006 3,86%. ROE 2001

2002 2006

13,16%.

2007 1,71 45,55 14,082008 1,83 51,41 15,33

2009 1,84 63,00 16,44

2010 1,67 67,02 17,21

ROA ROE

2001 3,52% 11,17%

2002 2,64% 8,56%

2003 2,52% 9,66%

2004 2,68% 10,56%

2005 3,36% 14,67%

2006 3,86% 13,16%


71/106

[71]

50: ROA (2001-2006)

: .

51: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

:

2001 2002 2003 2004 2005 2006

ROA 3.52% 2.64% 2.52% 2.68% 3.36% 3.86%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

ROA

2001 2002 2003 2004 2005 2006

ROE 11.17% 8.56% 9.66% 10.56% 14.67% 13.16%

0.00%

5.00%

10.00%

15.00%

20.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 11.17% 8.56% 9.66% 10.56% 14.67% 13.16%

ROA 3.52% 2.64% 2.52% 2.68% 3.36% 3.86%

0.00%

5.00%

10.00%

15.00%

20.00%

52


72/106

[72]

39 : ROA & ROE (2007-2010)

: .

2007 ROA 3,75%

2,49% 2010. ROE 2007

12,14%

2010 9,70%.

53: ROA (2007-2010)

: .

54: ROE (2007-2010)

:

2007 2008 2009 2010ROA 3.75% 3.56% 2.92% 2.49%

0.00%

1.00%

2.00%

3.00%

4.00%

ROA

2007 2008 2009 2010

ROE 12.14% 11.93% 11.19% 9.70%

0.00%

5.00%

10.00%

15.00%

ROE

ROA ROE

2007 3,75% 12,14%

2008 3,56% 11,93%

2009 2,92% 11,19%

2010 2,49% 9,70%


73/106

[73]

ROA & ROE (2007-2010)

: .


: .

DuPont ANALYSIS

2002 ,

2005 14,56%

9,68% 2010.

2007 2008 2009 2010

ROE 12.14% 11.93% 11.19% 9.70%

ROA 3.75% 3.56% 2.92% 2.49%

0.00%2.00%4.00%6.00%8.00%

10.00%12.00%

14.00%16.00%18.00%

55

DuPont

2001 11,16%

2002 8,55%

2003 9,65%

2004 10,53%

2005 14,65%

2006 13,12%

2007 12,11%

2008 11,92%

2009 11,18%

2010 9,68%


74/106

[74]


: .

3.9

.

41: / /

(2001-2006).

2001 6,62 273,03 75,56

2002 8,26 394,83 78,73

2003 11,83 545,07 83,16

2004 15,29 714,95 89,12

2005 19,01 970,58 97,99

2006 22,14 1285,53 113,96

: .

41

. 6,62

. 2001 22,14 . 2006,

2006 1285,53 . 273,03 . 2001,

113,96 . 75,56 . 2001.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 11.16% 8.55% 9.65% 10.53% 14.65% 13.12% 12.11% 11.92% 11.18% 9.68%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%16.00%

DuPont


75/106

[75]

42: / /

(2007-2010).

: .

2008

31,10 . 2010

17,12 . . 2009

2010.

210,49 . 2010.

43: ROA & ROE (2001-2006)

ROA ROE

2001 2,42% 8,76%

2002 2,09% 10,49%

2003 2,09% 13,68%

2004 2,14% 17,15%

2005 1,96% 19,40%

2006 1,72% 19,43%

: .

43 ROA 2001

2006 2004. ROE

8,76% 2001

19,43% 2006 .

2007 30,11 1673,76 184,722008 31,10 1896,03 199,02

2009 27,37 2153,16 210,30

2010 17,12 2063,38 210,488


76/106

[76]

57: ROA (2001-2006)

: .

58: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 2.42% 2.09% 2.09% 2.14% 1.96% 1.72%

0.00%

1.00%

2.00%

3.00%

ROA

2001 2002 2003 2004 2005 2006

ROE 8.76% 10.49% 13.68% 17.15% 19.40% 19.43%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 8.76% 10.49% 13.68% 17.15% 19.40% 19.43%

ROA 2.42% 2.09% 2.09% 2.14% 1.96% 1.72%

0.00%

5.00%

10.00%

15.00%

20.00%25.00%

59


77/106

[77]

44 : ROA & ROE (2007-2010)

: .

2007, ROA

2010 0,83%. 2007 ROE

2010

8,13%.

60: ROA (2007-2010)

: .

61: ROE (2007-2010)

: .

2007 2008 2009 2010

ROA 1.80% 1.64% 1.27% 0.83%

0.00%

0.50%

1.00%

1.50%

2.00%

ROA

2007 2008 2009 2010

ROE 16.30% 15.62% 13.01% 8.13%

0.00%

5.00%

10.00%

15.00%

20.00%

ROE

ROA ROE

2007 1,80% 16,30%

2008 1,64% 15,62%

2009 1,27% 13,01%2010 0,83% 8,13%


78/106

[78]


: .

: .

DuPont ANALYSIS

2005 2006 19.40%.

2010

8,13%.

2007 2008 2009 2010

ROE 16.30% 15.62% 13.01% 8.13%

ROA 1.80% 1.64% 1.27% 0.83%

0.00%

5.00%

10.00%

15.00%

20.00%

62

DuPont

2001 8,73%

2002 10,47%

2003 13,69%

2004 17,16%

2005 19,40%

2006 19,40%

2007 16,31%

2008 15,61%

2009 13,00%

2010 8,13%


79/106

[79]


: .

3.10

.

46 : / /

(2001-2006).

2001 0,13 5,46 3,24

2002 0,26 8,85 3,67

2003 0,36 12,54 4,66

2004 0,43 17,60 6,21

2005 0,41 25,25 7,50

2006 0,56 34,27 10,37

: .

46

0,13 . 2001 0,56 . 2006. 5,46

. 2001 34,27 . 2006, 3,24 . 2001

10,37 . 2006.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 8.73% 10.47% 13.69% 17.16% 19.40% 19.40% 16.31% 15.61% 13.00% 8.13%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

DuPont


80/106

[80]

47: / /

(2007-2010).

: .

2007 0,96 . ,

2008 50% 2007.

2010 0.91 . .

136,59 . 27, 35

. 2010 .

48 : ROA & ROE (2001-2006)

ROA ROE

2001 2,38% 4,01%

2002 2,93% 7,08%

2003 2,87% 7,72%

2004 2,44% 6,92%

2005 1,62% 5,46%

2006 1,63% 5,40%

: .

ROA ROE

, ROA 2002 ROE 2003.

2007 0,96 47,06 14,92

2008 0,50 62,05 15,39

2009 0,76 117,57 24,20

2010 0,91 136,59 27,35


81/106


82/106

[82]

49 : ROA & ROE (2007-2010)

: .

ROA 2007 2,04%

2010 0,66%. ROE

2007 6,43% 3%

3,33% 2010.

67: ROA (2007-2010)

: .

2007 2008 2009 2010

ROA 2.04% 0.80% 0.64% 0.66%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

ROA

ROA ROE

2007 2,04% 6,43%

2008 0,80% 3,25%

2009 0,64% 3,14%

2010 0,66% 3,33%


83/106

[83]

68: ROE (2007-2010)

: .

ROA & ROE (2007-2010)

: .

2007 2008 2009 2010

ROE 6.43% 3.25% 3.14% 3.33%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

ROE

2007 2008 2009 2010ROE 6.43% 3.25% 3.14% 3.33%

ROA 2.04% 0.80% 0.64% 0.66%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

69


84/106

[84]


: .

DuPont ANALYSIS

2003 7,72% 2009 3,11%.

3,11% 3,29%.


: .

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 4.00% 7.06% 7.72% 6.62% 5.44% 5.38% 6.42% 3.22% 3.11% 3.29%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

DuPont

DuPont

2001 4,00%

2002 7,06%

2003 7,72%

2004 6,62%

2005 5,44%

2006 5,38%

2007 6,42%

2008 3,22%

2009 3,11%

2010 3,29%


85/106


86/106

[86]

53 : ROA & ROE (2001-2006)

: .

53 ROA ROE

. ROA , 2006 2,36% 2001, 2004 0,74%. ROE

2001 2003 11,97% 2004

4,15%, 2005 6,85% 2004 2006

3,51% 2005.

71: ROA (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 0.00% 0.09% 2.95% 2.19% 2.62% 2.36%

0.00%

0.50%1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

ROA

ROA ROE

2001 0,00% 0,00%

2002 0,09% 0,34%

2003 2,95% 12,31%

2004 2,19% 8,15%

2005 2,62% 15,32%

2006 2,36% 11,83%


87/106

[87]

72: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

: .

54 : ROA & ROE (2007-2010)

: .

2001 2002 2003 2004 2005 2006

ROE 0.00% 0.34% 12.31% 8.15% 15.32% 11.83%

0.00%

10.00%

20.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 0.00% 0.34% 12.31% 8.15% 15.32% 11.83%

ROA 0.00% 0.09% 2.95% 2.19% 2.62% 2.36%

0.00%

5.00%

10.00%

15.00%

20.00%

73

ROA ROE

2007 2,21% 12,14%

2008 1,48% 7,31%

2009 1,49% 7,18%

2010 1,72% 9,63%


88/106

[88]

54 ROA ROE

. 2007 ROA 2006, 2008

0,73% 2009,

2010 0,50% 2007. ROE ,

0,31% 2007 2006, 5,13%

, 2008 5% 2009 2010

2,32% 2008 2,45% 2009.

74: RO (2007-2010)

: .

75: ROE (2007-2010)

: .

2007 2008 2009 2010

ROA 2.21% 1.48% 1.49% 1.72%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

ROA

2007 2008 2009 2010

ROE 12.14% 7.31% 7.18% 9.63%

0.00%

2.00%

4.00%

6.00%

8.00%10.00%

12.00%

14.00%

ROE


89/106

[89]

ROA & ROE (2007-2010)

: .


: .

55 77, DuPont ANALYSIS

, 2005

15,33%, 2009 7,15%. 2010

2,46% 2009

2005 2007.

2007 2008 2009 2010

ROE 12.14% 7.31% 7.18% 9.63%

ROA 2.21% 1.48% 1.49% 1.72%

0.00%

5.00%

10.00%

15.00%

20.00%

76

DuPont

2001 0,00%

2002 0,35%

2003 12,30%

2004 8,16%

2005 15,33%

2006 11,82%

2007 12,15%

2008 7,32%

2009 7,15%

2010 9,61%


90/106

[90]


: .

3.12

.

56: / /

(2001-2006).

2001 1.40 101,20 27,07

2002 1,68 116,83 27,99

2003 1,77 146,65 30,65

2004 1,77 181,90 30,40

2005 2,70 244,37 30,10

2006 3,64 303,64 54,88

: .

56 2001 2006

. 1,40 . 3,64 . ,

2,24 . . 101,20 2001 303,64 .

2006. . 27,07 .

2001, 54,88 . 2006.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 0.00% 0.35% 12.30% 8.16% 15.33% 11.82% 12.15% 7.32% 7.15% 9.61%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%18.00%

DuPont


91/106

[91]

57: / /

(2007-2010).

: .

57 ,

2007 2010.

. 2007 5,05 . 2010 2,06 .

. 2007 403,08

2010 103, 66 . 507, 74 . .

. 2007 94,43 . 2009

11% 2010 2009 10, 35 .

2007.

58 : ROA & ROE (2001-2006)

: .

58 ROA ROE

. ROA 2001 1,38%. 2002

6% 2003

2004 0,97%. ROE

2005 8,97% 2001 5,27%.

2007 5,05 403,08 94,43

2008 4,55 468,52 80,04

2009 3,08 577,00 75,97

2010 2,06 507,74 85,64

ROA ROE

2001 1,38% 5,27%

2002 1,44% 6,00%

2003 1,20% 5,77%

2004 0,97% 5,82%

2005 1,10% 8,97%

2006 1,20% 6,63%


92/106

[92]

78: ROA (2001-2006)

: .

79: ROE (2001-2006)

: .

ROA & ROE (2001-2006)

: .

2001 2002 2003 2004 2005 2006

ROA 1.38% 1.44% 1.20% 0.97% 1.10% 1.20%

0.00%

0.50%

1.00%

1.50%

2.00%

ROA

2001 2002 2003 2004 2005 2006

ROE 5.27% 6.00% 5.77% 5.82% 8.97% 6.63%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

ROE

2001 2002 2003 2004 2005 2006

ROE 5.27% 6.00% 5.77% 5.82% 8.97% 6.63%

ROA 1.38% 1.44% 1.20% 0.97% 1.10% 1.20%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

80


93/106

[93]

59 : ROA & ROE (2007-2010)

: .

59 ROA ROE 2007-

2010. ROA 2010

0,40%. ROE 2008 5,68%

2010 2,40%.

81: ROA & (2007-2010)

: .

82: ROE (2007-2010)

:

2007 2008 2009 2010

ROA 1.25% 0.97% 0.53% 0.40%

0.00%

0.50%

1.00%

1.50%

ROA

2007 2008 2009 2010

ROE 5.35% 5.68% 4.05% 2.40%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

ROE

ROA ROE

2007 1,25% 5,35%

2008 0,97% 5,68%

2009 0,53% 4,05%

2010 0,40% 2,40%


94/106

[94]

ROA & ROE (2007-2010)

: .


: .

60 DuPont ANALYSIS .

55 84, ,

2005 8,93%,

2010 2,37%.

2010.

2007 2008 2009 2010

ROE 5.35% 5.68% 4.05% 2.40%

ROA 1.25% 0.97% 0.53% 0.40%

0.00%

1.00%

2.00%

3.00%

4.00%5.00%

6.00%

7.00%

83

DuPont

2001 5,16%

2002 6,00%

2003 5,73%

2004 5,80%

20058,93%

2006 6,63%

2007 5,34%

2008 5,67%

2009 4,02%

2010 2,37%


95/106

[95]


: .

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DuPont 5.16% 6.00% 5.73% 5.80% 8.93% 6.63% 5.34% 5.67% 4.02% 2.37%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%8.00%

9.00%

10.00%

DuPont


96/106

[96]

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

. -0.52% 0.25% -11.70% 1.28% 4.02% 3.78% 2.00% 2.25% 0.80% 0.65%

7.45% 8.00% 5.22% 8.10% 1.94% 4.96% 20.39% 5.91% 3.55% 4.24%

7.13% 7.73% 8.80% 8.33% 8.95% 9.44% 8.80% 6.03% 5.24% 3.87%

5.86% 6.89% 8.46% 14.43% 1.91% 7.84% 9.12% 1.73% 5.07% 1.16%

18.49% 16.28% 19.36% 17.12% 17.43% 17.59% 10.13% 6.86% 4.39% 5.02%

2.20% 3.52% 4.12% 3.87% 4.46% 5.38% 8.71% 10.95% 11.40% 8.72%

8.71% 12.84% 16.87% 19.55% 18.54% 15.99% 11.60% 12.87% 10.86% 11.35%

11.16% 8.55% 9.65% 10.53% 14.65% 13.12% 12.11% 11.92% 11.18% 9.68%

8.73% 10.47% 13.69% 17.16% 19.40% 19.40% 16.31% 15.61% 13.00% 8.13%

4.00% 7.06% 7.72% 6.62% 5.44% 5.38% 6.42% 3.22% 3.11% 3.29%

0.00% 0.35% 12.30% 8.16% 15.33% 11.82% 12.15% 7.32% 7.15% 9.61%

5.16% 6.00% 5.73% 5.80% 8.93% 6.63% 5.34% 5.67% 4.02% 2.37%

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

DuPont ANALYSIS


97/106

[97]

ROE

ROA 12

, ,

,

, ROE

, ,

.

.

.


98/106

[98]

-

. (2010), : , ,

, , .

, (2006),

,www.este.gr.

. - . , (2000),

, . .

., ., (2007), ,

EnThesis.

. (2002), , ,

, .

., . (2008), ,

, ,

.

. ., (2004), , .

. (2005), , , .

. Howells P., Bain K., (2009), , , ,

, , , , . ., ., ., ., ., (2009),

:

, . 64-75.

. (2006), ,

, - .

. . , (1996),

, .

, (2010), 2009, .

, (2011), 2010, .

Garrison H. Ray-Norren W. Eric,(2003), , .

Joseph F. Sinkey Jr,(1999), -

, .

www.achaiki-coop.gr

www.ase.gr
http://www.este.gr/http://www.este.gr/http://www.este.gr/http://www.achaiki-coop.gr/http://www.achaiki-coop.gr/http://www.ase.gr/http://www.ase.gr/http://www.ase.gr/http://www.achaiki-coop.gr/http://www.este.gr/


99/106


100/106

[100]

http://mibes.teilar.gr/proceedings/2011/oral/13.pdf

http://www.este.gr/index.asp

http://www.este.gr/banks/13.htm











http://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://www.este.gr/index.asphttp://www.este.gr/index.asphttp://www.este.gr/banks/13.htmhttp://www.este.gr/banks/13.htmhttp://www.este.gr/banks/15.htmhttp://www.este.gr/banks/15.htmhttp://www.este.gr/banks/6.htmhttp://www.este.gr/banks/6.htmhttp://www.este.gr/banks/7.htmhttp://www.este.gr/banks/7.htmhttp://www.este.gr/banks/11.htmhttp://www.este.gr/banks/11.htmhttp://www.este.gr/banks/4.htmhttp://www.este.gr/banks/4.htmhttp://www.este.gr/banks/8.htmhttp://www.este.gr/banks/8.htmhttp://www.este.gr/banks/9.htmhttp://www.este.gr/banks/9.htmhttp://www.este.gr/banks/3.htmhttp://www.este.gr/banks/3.htmhttp://www.este.gr/banks/10.htmhttp://www.este.gr/banks/10.htmhttp://www.este.gr/banks/12.htmhttp://www.este.gr/banks/12.htmhttp://www.este.gr/banks/5.htmhttp://www.este.gr/banks/5.htmhttp://www.este.gr/banks/5.htmhttp://www.este.gr/banks/12.htmhttp://www.este.gr/banks/10.htmhttp://www.este.gr/banks/3.htmhttp://www.este.gr/banks/9.htmhttp://www.este.gr/banks/8.htmhttp://www.este.gr/banks/4.htmhttp://www.este.gr/banks/11.htmhttp://www.este.gr/banks/7.htmhttp://www.este.gr/banks/6.htmhttp://www.este.gr/banks/15.htmhttp://www.este.gr/banks/13.htmhttp://www.este.gr/index.asphttp://mibes.teilar.gr/proceedings/2011/oral/13.pdf


101/106

[101]

1) . .

(. )1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

7,59 9,37 11,15 12,40 18,90 27,29 31,61 31,18 36,47 41,40 59,16 57,27

3,23 5,02 6,40 7,37 11,10 18,03 17,97 22,74 28,19 32,92 37,22 44,48

3,00 4,64 6,40 7,83 13,60 20,34 24,70 23,76 26,83 28,99 47,32 45,15

3,89 4,13 4,15 4,24 4,95 6,42 6,67 6,85 8,23 10,15 10,34 10,13

2,65 2,67 2,63 2,60 3,02 3,76 3,90 3,94 4,05 5,12 5,21 5,15

0,68 0,61 0,31 0,34 0,26 0,52 0,13 0,34 1,68 0,60 0,37 0,43

1 1 1 1 2 2 2 2 2 2 3 3

7 7 7 6 11 12 17 18 16 20 20 22

2.105 2.225 2.287 2.315 2.565 2.842 3.135 3.051 3.337 3.822 4.274 4.123

2) . . .

( . )

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

3,88 10,06 12,37 16,22 18,23 22,19 27,58 41,37 53,44 84,87 84,56 1,64 4,20 6,64 9,95 13,49 17,29 22,35 32,09 42,74 57,79 64,07

0,00 5,84 8,26 11,97 11,16 13,72 16,83 29,86 41,75 66,69 60,95

3,75 3,80 4,00 4,10 6,96 8,21 9,55 10,49 9,72 16,95 19,50

3,52 3,54 3,68 4,20 6,29 7,05 7,95 8,76 8,03 11,88 13,20

0,08 -0,02 0,01 -0,48 0,09 0,33 0,37 0,21 0,22 0,14 0,13

1 1 1 3 4 4 5 5 5 5 5

11 14 16 18 17 18 18 25 25 38 36

1347 1.645 1.934 2.367 2.559 2.870 3.015 3.464 4.155 5.056 5.980


102/106


103/106

[103]

5) . ..

6)

( . )

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

18,41 22,88 26,54 25,20 36,10 34,39 35,75 51,4 73,33 98,78 149,00 218,24

14,75 15,88 15,99 20,49 27,10 27,22 27,93 39,38 57,30 77,57 119,11 167,36

12,37 16,76 19,63 17,96 26,18 26,63 28,00 42,09 58,53 83,23 134,36 185,52

5,19 5,40 6,33 6,78 7,00 7,189 7,14 8,12 12,35 12,81 16,71 17,77

3,92 4,00 4,69 5,11 5,27 5,24 5,11 5,88 8,90 8,90 11,61 11,74

0,38 0,26 0,14 0,24 0,29 0,28 0,32 0,44 1,05 1,40 1,91 1,56

1 1 1 2 3 3 3 4 4 4 5 7

8 12 15 22 29 23 23 30 33 38 50 61

4.726 4.512 4.833 5.093 5.576 5.657 5.722 6.106 6.682 6.936 7.885 10.610

( . )

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

6,47 16,27 27,57 34,09 38,75 48,49 64,17 75,41 88,64 102,28 124,69 131,10

3,66 11,19 19,24 24,89 29,59 38,16 47,54 57,2 70,30 87,06 99,86 111,26

2,25 11,06 21,34 27,40 30,82 39,65 53,38 63,12 71,56 83,47 105,44 104,62

3,71 4,49 5,35 5,76 6,70 7,64 9,13 10,29 15,05 15,94 16,45 16,97

2,85 3,35 3,78 3,86 4,12 4,40 4,93 5,14 7,490 7,76 7,81 7,60

0,5 0,83 0,99 0,94 1,30 1,31 1,59 1,81 1,53 1,10 0,73 0,85

1 1 2 2 2 3 4 7 7 10 10 11

4 6 13 15 18 23 25 33 37 47 50 54

1.719 2.295 2.720 3.033 3.439 3.878 4.585 4.988 6.054 6.522 7.858 10.643


104/106

[104]

7) . .

( . )

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

6,01 10,46 18,11 26,98 42,42 52,90 74,30 90,11 119,48 137,38 191,41 212,64

3,70 5,86 11,24 19,35 28,72 41,11 57,65 71,37 94,43 103,49 139,12 168,34 1,95 6,23 12,52 19,23 32,66 41,52 59,62 70,79 93,33 107,67 159,24 171,56

3,70 4,05 4,59 6,30 7,94 9,20 12,30 16,9 21,71 23,46 26,44 29,06

2,57 2,62 2,84 3,78 4,35 4,50 5,47 6,9 8,29 8,51 9,03 9,55

0,38 0,29 0,40 0,81 1,34 1,80 2,28 2,71 2,52 3,02 2,87 3,31

1 2 2 2 3 3 4 4 5 7 8 9

10 12 12 12 16 18 28 31 39 48 55 68

2.370 2.851 3.107 3.548 3.983 4.559 5.169 5.861 6.490 6.939 8,09 8.934

8) . ..

( . )

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

10,19 14,17 16,46 19,67 24,18 31,63 36,88 41,14 45,55 51,41 63,00 67,02

6,59 7,60 9,02 10,23 13,99 19,57 23,21 27,29 32,73 39,59 38,27 40,70

5,63 8,94 10,80 12,91 17,06 22,42 26,83 27,35 23,34 33,85 44,07 47,87

3,78 4,44 5,19 6,07 6,31 8,05 8,45 12,08 14,08 15,33 16,44 17,21

2,52 2,81 3,01 3,42 3,51 4,26 4,35 6,1 7,01 7,48 8,01 8,28

0,74 0,77 0,58 0,52 0,61 0,85 1,24 1,59 1,71 1,83 1,84 1,67

1 1 1 1 1 1 1 1 1 1 1 2 9 10 8 10 10 12 12 12 14 15 16 17

2.022 2.370 2.482 2.809 3.037 3.370 3.372 3.590 3.813 4.012 4.109 4.251


105/106

[105]

9) . ..

( . )1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

134,15 177,83 273,03 394,83 545,07 714,95 970,58 1.285,53 1.673,76 1.896,03 2.153,16 2.063,38

80,14 125,21 212,24 312,50 436,20 596,24 772,49 961,77 1.312,80 1.574,57 1.683,80 1.691,34 57,84 97,04 174,65 302,95 450,32 610,23 824,12 1.120,62 1.369,93 1.496,39 1.644,75 1.517,93

70,28 73,45 75,56 78,73 83,16 89,12 97,99 113,96 184,72 199,02 210,30 210,488

45,63 46,38 46,79 48,30 48,67 48,87 49,14 50,94 69,49 69,60 70,60 70,68

5,87 6,91 6,62 8,26 11,38 15,29 19,01 22,14 30,11 31,10 27,37 17,12

13 17 22 30 35 42 48 51 52 59 62 61

109 118 169 210 261 287 343 371 386 437 451 415

21.734 27.934 34.650 41.477 49.166 55.622 63.510 71.630 74.404 76.143 77.809 79.585

10) . .

( . )

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

3,86 4,57 5,46 8,85 12,54 17,60 25,25 34,27 47,06 62,05 117,57 136,59

2,10 3,16 3,38 6,58 8,98 12,92 17,80 25,28 35,60 50,50 75,20 91,46

1,28 1,58 2,02 4,95 7,68 10,97 17,58 23,57 31,60 45,11 92,79 108,38

2,51 2,92 3,24 3,67 4,66 6,21 7,50 10,31 14,92 15,39 24,20 27.35

1,89 2,00 2,21 2,46 2,93 3,78 4,21 5,47 7,44 7,40 11,02 11,95

0,16 0,27 0,13 0,26 0,36 0,43 0,41 0,56 0,96 0,50 0,76 0.91

1 1 1 1 2 3 4 4 7 10 11 61

7 6 9 6 10 15 18 21 28 36 49 58

1.475 1.455 1.575 1.615 1.716 1.875 1.993 2.520 2.332 2.580 3.113 3.439


106/106

11) - " " . .

12) . .

( . )

1999 20002001 20022003 2004 2005 2006 20072008 20092010

3,60 7,15 9,52 11,46 16,93 22,86 29,78 36,86 44,38 41,28 48,10 54,04

2,37 3,10 3,51 5,42 7,76 12,29 15,08 18,96 22,54 23,79 27,35 35,31

0,93 4,04 6,63 8,43 12,37 16,29 23,24 28,96 35,44 28,54 36,84 39,34

2,55 2,83 2,79 2,93 4,06 6,13 5,09 7,35 8,07 8,34 10,02 9,66

2,16 2,36 2,33 2,45 3,08 4,39 4,04 4,79 4,94 5 5,91 5,65

0,19 0,33 0,39 0,69 0,84 1,90 1,41 1,65

0,00 0,02 0,00 0,01 0,50 0,50 0,78 0,87 0,98 0,61 0,72 0,93

1 1 1 1 1 1 1 1 1 1 1 2

5 6 6 7 7 9 10 10 11 11 13 14

1.136 1.549 1.830 2.101 2.302 2.510 2,729 2.937 3.088 3.222 3.070 3.382

Documents

The profitability of Greek Cooperative Banks with methodology of DuPont Analysis