Open Access#12007
The Impact of Concentration on Competition and Efficiency in the Lithuanian Banking Sector
European banking sectors have been subject to various forms of deregulation, liberalization, as well as dramatic improvements in information technology (IT). As the result of the creation of the European Union's Single Market, the financial institutions are transforming themselves in response to fundamental changes in regulation and technology. Many of these changes have vast implications for competition, concentration and the efficiency of financial sectors.