Figure 1: Average efficiency of banks and financial firms of selected countries
The average efficiency scores are obtained from the periods shown in the parentheses except for the OECD
and Developed Countries. Indonesia (1993-2003) Average efficiency 0.665; Malaysia (1992-2003) Average
efficiency 0.663; Thailand (1992-2003) Average efficiency 0.816; Singapore (1992-2003) Average efficiency
0.954; 11 OECD Countries (Berger and Humprey 1997) Average efficiency 0.820; 8 Developed Countries
(Berger and Humprey 1997) Average efficiency 0.86; and US bank (Berger and Humprey 1997) Average
efficiency 0.780.