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in this paper we examine the determinants of the efficiency and productivity of the banking systems of seven central and east European countries during a five-year period, from 2004 to 2008. two approaches are used to examine the efficiency of the banking industry in central and east European countries: stochastic frontier analysis and data envelopment analysis. the empirical results show that the average efficiency of banks in central and east European countries grew in the period analyzed. the improvement may be due to increased competition upon Eu accession and the entry of foreign banks, as well as to extensive legislative changes that led banks to become more efficient. Based on the results, we see that the highest level of technical efficiency is recorded for the banking systems of romania and the czech republic, and the lowest is recorded for slovenia. Looking at the average efficiency scores for each country, we observe significant variation across the banking systems of the central and east European countries. technical efficiency value estimates with the stochastic frontier analysis method range from 0.6275 in slovakia to 0.8644 in romania. to assess the level of productivity growth of the banking industry, a malmquist productivity index is calculated using linear programming. in the analyzed period, on average, the

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This article uses the frontier technique to highlight the differences in the impact of the global financial crisis on the efficiency of 783 commercial banks from the EU during the period 2004-2010. We emphasise the distinctions between large and small banks, publicly traded and privately held banks, as well as the statuses of banks' country of origin, especially for the year in which they joined the EU and held eurozone membership. Our results show that the crisis has a significant and positive impact on both the cost and profit inefficiencies of the commercial banks from the EU, and that this impact is higher on eurozone banks. In terms of cost efficiency, the most affected by the crisis are the large publicly traded banks, operating in old members of the EU. With regard to the profit inefficiency, the global financial crisis seems to have had a lower impact on the large public banks.

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