Upload
chrysochoidou
View
232
Download
0
Embed Size (px)
Citation preview
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.
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
2/106
[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.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
3/106
[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.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
4/106
[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
3.4 .. .52
3.5 X .. .57
3.6 .. .62
3.7 .. .673.8 .. .72
3.9 .. .77
3.10 .. .82
3.11 .. .88
3.12 .. .93
DuPont Analysis / .99
BIB .101
.104
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
5/106
[5]
1991-2000
1992
2%. , ...,
.
. , 1994
3,4% 20,5% ( 1993).
3% ( )
82,2% ... 1991 106,2% 2000.
, ...,
.
18,8 1991
2,9 2000.1
2001-2011
2001 (01/01/2001) .
:
.
.
.
. , ,
.
3%
100% . ,
2000.
( 1%,
1http://www.eurocapital.gr
http://www.eurocapital.gr/http://www.eurocapital.gr/http://www.eurocapital.gr/http://www.eurocapital.gr/8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
6/106
[6]
). ,
( )
.
,
.
2001-2009 25%.2
, 2007
,
, .
2009,
.
. ,
2009
. 26
130
50%. ,
(360 ), 206
100 .3
.4
2 , 2010
3Gibson H., Hall S., Tavlas G., (2011),
4. .1
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
7/106
[7]
1 :
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
8/106
[8]
1.1
,
,
, ,
. , ,
, , , . ,
, ,
, .
,
,
, ,
.
, ,
.
- ,
, -
.
.
,
,
,
, ,
.
.5
5Oliver Wyman,(2008),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
9/106
[9]
,
,
, .
,
.6
,
.
,
, ,
.
,
,
,
,
.
,
.
.
, ,
.
,
,
6. ., (2004),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
10/106
[10]
.
.
,
.
.7
1.2
19
. ,
. ,
,
19
.
.8
.
.
.
.
, ,
,
. , ,
7, (2006),
8European Association of Co-operative Banks (2010 a).
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
11/106
[11]
,
.
() (, ,
, ). ,
.9
.
:
, .
:
.
:
.
: ,
.10
.
: . ,
,
.. ,
,
.
,
.
Herman
Schulze (1808-1883) Friedrich Wilhelm (1818-1888).
9European Association of Co-operative Banks, (2005),
10European Association of Co-operative Banks, (2004),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
12/106
[12]
1848,
.
19
. Schulze ,
, Raiffeisnen .
,
, .
Schulze Raiffeisnen
( Schulze-Deglitch, Volshshahhen
Raiffeisnenbannen),
, . ,
.
, , :
18
.
20
.11
, . ,
,
, 1970,
. ,
, -
. ,
.12
11European Association of Co-operative Banks, (2005),
12European Association of Co-operative Banks, (2005),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
13/106
[13]
1.3
.
, ,
,
.
, ,
.
,
1915 1986,
. 1927-1929,
.
,
, ,
,
, ..
,
, ..
1980,
.13
.
1900 . 1900,
,
582 ,
,
. 1915, ,
13 , (2006),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
14/106
[14]
,
.14
: , , .
.
,
. ,
.
. .
1979
1984
-,
... 1991
. 1-1-1992
.
,
.602/1915 .602/1915.
,
,
.
.
1667/1986
,
2076/1992
(89/646) ,
.
5 .1 2076/1992 ,
,
.1667/1986.
. 1991
14 . ., 1996
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
15/106
[15]
(.5076/1931).
1995 (...).
2001
,
,
.15
1.4 .
,
:
. razda Schediwy (2001)
,
.16
19 1848.
,
.
.
,
.
,
.
,
.
,
15 ., ., ., ., ., (2009),
16razda Schediwy (2001)
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
16/106
[16]
.
, , ,
,
.
.
,
,
.17
, . Brazda Schediwy
(2001)
.
,
.18
,
,
.
,
.
. Heblebower
(1980)
.19
1.5
, :20
1)
17
Fonteyne W., (2007),18razda Schediwy (2001)19
European Association of Co-operative Banks, (2010 b.),20
., ., (2007),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
17/106
[17]
.
, .
2)
()
, .
. ,
.
3)
,
, ,
,
,
.
4)
.
.
5)
,
,
.
. , ,
, .
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
18/106
[18]
,
, ,
,
.
6)
.
( ) .
7) , ,
.
.
,
,
. ,
. ,
, ,
, .
8)
,
.
9)
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
19/106
[19]
, ,
, .
, ( ..)
. ,
.
10)
, .
11)
,
, .
,
.
12)
,
,
.
13)
.
14)
,
,
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
20/106
[20]
15)
, ,
. ,
.
1.6
,
.
.21
1)
.
,
.
2)
.
3)
.
4) ,
,
.
5)
.
21European Association of Co-operative Banks, (2005),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
21/106
[21]
6) ,
.
7) ,
,
.
8) .
.
,
:22
1)
.
. / ,
.
.
,
,
.
,
, .
.
. ,
.
,
22Hesse H., Cihak M., (2006),
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
22/106
[22]
.
,
,
. ..., , ,
, ,
. ...,
,
,
.
,
,
,
.
,
, ,
, .
2) ,
.
,
. ,
,
.
.
, .
. ,
,
.
,
,
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
23/106
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
24/106
[24]
. ,
, 2007.
,
2006/48/
2006/49/
.
3601/2007 .
(2007-2009)
. ,
, 16 2010, :
Basel III: A global regulatory framework for more resilient banks and banking systems,
Basel III: International framework for liquidity risk measurement, standards and
monitoring.25
, ,
.
, -
,
, -
,
, ,
.
1.8
(....) 22/07/1995
, , ,
.26
.... 25 , 16
, 8 1 .
25http://62.1.43.74/Eti/UplPDFs/ekpeudeutiko/maios11/eisagogi_sti_vasileia_iii.pdf
26www.este.gr.
http://62.1.43.74/Eti/UplPDFs/ekpeudeutiko/maios11/eisagogi_sti_vasileia_iii.pdfhttp://62.1.43.74/Eti/UplPDFs/ekpeudeutiko/maios11/eisagogi_sti_vasileia_iii.pdfhttp://62.1.43.74/Eti/UplPDFs/ekpeudeutiko/maios11/eisagogi_sti_vasileia_iii.pdfhttp://www.este.gr/http://www.este.gr/http://www.este.gr/http://www.este.gr/http://62.1.43.74/Eti/UplPDFs/ekpeudeutiko/maios11/eisagogi_sti_vasileia_iii.pdf8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
25/106
[25]
2: DUPONT27
,
.
( ,
, ,
, )
. ,
,
,
.
, .
,
.
,
.
.
,
(Papoulias, 2000).
.
(ROE) (ROA)
.
2.1 ROE ( RETURN ON EQUITY)
,
27http://mibes.teilar.gr/proceedings/2011/oral/13.pdf
http://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://mibes.teilar.gr/proceedings/2011/oral/13.pdf8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
26/106
[26]
()
.
(K.Selvavinayagam, 1995).
(ROE)
.
. , ROE
.
ROE :
(1)
= /
,
.
2.2 (ROA)
( ) ,
.
,
.
,
.
,
(K.Selvavinayagam, 1995).
(ROA)
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
27/106
[27]
. ROA
:
:
(2)
ROA = / .
:
.
.
.
.
2.3 DUPONT(THE DUPONT ANALYSIS)
DuPont
. DuPont
.
Dupont Dupont
'20. Dupont ROA ( )
ROE ( )
, .
. Dupont ,
(Bodie, Zane Alex Kane Alan J. Marcus, 2004).
( ) ,
.
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
28/106
[28]
.
.
, , ,
, .
.
,
,
.
.
DuPont .
.
ROE
. ROE , Dupont
.
: ,
.
.
,
.
,
.
.
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
29/106
[29]
.
,
.
.
.
.
.
DuPont ROE,
ROA
.
DuPont Analysis: ROE = ROA X Equity Multiplier (3)
Equity Multiplier = / (4)
1 DuPont analysis28
28http://mibes.teilar.gr/proceedings/2011/oral/13.pdf
http://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://mibes.teilar.gr/proceedings/2011/oral/13.pdfhttp://mibes.teilar.gr/proceedings/2011/oral/13.pdf8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
30/106
[30]
2.4 (NET INCOME)
,
(
).
.
2.5 (TOTAL ASSETS)
,
.
,
.
12 .
. ,
,
, .
. ,
, ,
.
,
. ,
.
.
.
:
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
31/106
[31]
.
.
.
.
,
.
,
.
.
2.6 (EQUITY)
.
.
, .
, .
2.7 (PROFIT MARGIN)
.
. ,
,
.
:
, .
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
32/106
[32]
.
(5)
2.8 (EQUITY MULTIPLIER)
,
,
.
( )
.
.
. ,
.
,
.
,
.
,
,
.
:
(6)
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
33/106
[33]
2.9 ( EARNINGS BEFORE INTEREST AND TAXES (EBIT))
.
, . EBIT
: " "," ", " ".
.
EBIT
. ,
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
34/106
[34]
3 : DuPont Analysis .
, .
, .
DuPont Analysis 2001-2010
, 2001 2006 2007 2010.
,
.
,
. ROA, ROE DuPont
.
:
1) .
2) .
3) .
4) .
5) .
6) .
7) .
8) .
9) .
10) .
11) .
12) .
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
35/106
[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
,
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
36/106
[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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
37/106
[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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
38/106
[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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
40/106
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
42/106
[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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
43/106
[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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
44/106
[44]
14: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
47/106
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
48/106
[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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
49/106
[49]
21: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
53/106
[53]
ROA & ROE (2007-2010)
: .
20: DuPont ANALYSIS (2001-2010)
: .
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
54/106
[54]
28: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
58/106
[58]
ROA & ROE (2007-2010)
: .
25 : DuPont ANALYSIS (2001-2010)
: .
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
59/106
[59]
35: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
63/106
[63]
40: ROE (2007-2010)
: .
ROA & ROE (2007-2010)
:
30 : DuPont ANALYSIS (2001-2010)
:
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
64/106
[64]
DuPont ANALYSIS
2001-2006
. 2007-2010
2009, 2010
2007.
42: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
73/106
[73]
ROA & ROE (2007-2010)
: .
40 : DuPont ANALYSIS (2001-2010)
: .
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
74/106
[74]
56: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
78/106
[78]
45 : DuPont ANALYSIS (2001-2010)
: .
: .
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
79/106
[79]
63: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
81/106
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
84/106
[84]
50 : DuPont ANALYSIS (2001-2010)
: .
DuPont ANALYSIS
2003 7,72% 2009 3,11%.
3,11% 3,29%.
70: DuPont ANALYSIS (2001-2010)
: .
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
85/106
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
89/106
[89]
ROA & ROE (2007-2010)
: .
55 : DuPont ANALYSIS (2001-2010)
: .
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
90/106
[90]
77: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
94/106
[94]
ROA & ROE (2007-2010)
: .
60 : DuPont ANALYSIS (2001-2010)
: .
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%
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
95/106
[95]
84: DuPont ANALYSIS (2001-2010)
: .
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
97/106
[97]
ROE
ROA 12
, ,
,
, ROE
, ,
.
.
.
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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/8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
99/106
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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://www.este.gr/banks/15.htm
http://www.este.gr/banks/6.htm
http://www.este.gr/banks/7.htm
http://www.este.gr/banks/11.htm
http://www.este.gr/banks/4.htm
http://www.este.gr/banks/8.htm
http://www.este.gr/banks/9.htm
http://www.este.gr/banks/3.htm
http://www.este.gr/banks/10.htm
http://www.este.gr/banks/12.htm
http://www.este.gr/banks/5.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.pdf8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
102/106
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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
8/10/2019 The profitability of Greek Cooperative Banks with methodology of DuPont Analysis
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