“…public or private ownership of capital, the origin (domestic or foreign) of investors, or the nature of the regulations that govern banking activity (Chortareas, Girardone, & Ventouri, 2012Servin, Lensink, & van den Berg, 2012). Lastly, there has been analyses at a global scale (Barth, Lin, Mac, Seade, & Song, 2013;Kösedağ, Denizel, & Özdemir, 2011), as well as in terms of developed countries (Brissimis, Delis, & Tsionas, 2010;Feng & Serletis, 2010;Tabak, Boueri, & Fazio, 2013), and emerging countries or regions (Ariss, 2010;Assaf, Matousek, & Tsionas, 2013;Ray & Das, 2010), and economies in transition (Bonin, Hasan, & Wachtel, 2005;Koutsomanoli-Filippaki, Margaritis, & Staikouras, 2009). …”