State-ownership of Financial Institutions in Europe and Central Asia

Aurora Ferrari, Davide Mare, Ilias Skamnelos

Research output: Working paper


This paper introduces key findings from a new cross-country survey on state-owned financial institutions in Europe and Central Asia. It covers 41 such institutions operating in the region as of end 2016, and considers variables in the areas of mandates, instruments, performance, governance, and monitoring/evaluation. It presents results over the period following the global financial crisis up to 2015, distinguishes between state-owned commercial and development financial institutions, and looks at differences among three geographical sub-regions.
Original languageEnglish
PublisherThe World Bank
Number of pages58
Publication statusPublished - Dec 2017

Publication series

NamePolicy Research Working Paper Series


  • government-owned financial institutions
  • performance
  • banking
  • Europe and Central Asia
  • investment plan for Europe


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  • SOFIs: State-ownership of financial institutions

    Mare, D., Ferrari, A. & Skamnelos , I.

    3/08/15 → …

    Project: Research Collaboration with external organisation

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