The co-operative banking sector has become a major force in the socio-economic development of the European continent’s and is increasingly becoming an important part of the continents banking sector. By applying the Data Envelopment Analysis (DEA) approach, this paper evaluates the efficiency of co-operative banks from some selected European countries during a period of 2008–2013. The results of our estimation show that overall efficiency of the co-operative banks in our sample is high. Our efficiency results also show that the European cooperative banking sector is both efficient and stable over the period under review. Our results lend credence to the resilience theory of the co-operative banking business model. During the period of the Great Financial Crisis, the sector holds firm showing little or no variation in efficiency level.
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