by Ted Petropoulos, M.D. of Petrofin S.A., Greece, Financial Consultants
Over the last decade, the process of bank mergers and takeovers has gathered pace as the chart following this article shows. This consolidation has taken place both within the boundaries of each nation as well as internationally.
The theory behind consolidation is that bigger size brings with it the opportunity to:
• Dominate the market, either nationally or internationally;
• Enjoy economies of scale both in bank operations, as well as in marketing, technology and efficiency;
• Be able to geographically diversify across regions, countries or continents;
• Be able to develop worldwide products and services on a standardized basis;
This is only an excerpt of THE EFFECT OF BANK CONSOLIDATION ON SHIP FINANCE: Analysis, Views and Trends
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