BIS paper asks what makes emerging market banks profitable
Both bank-specific and economy-wide factors affect banks’ profitability, authors find
Changing international conditions and turning financial cycles have raised the importance of understanding what drives bank profits in emerging markets, according to a working paper published today (January 8) by the Bank for International Settlements.
The authors seek to answer the question by examining data on 534 banks from 19 emerging market economies over a 15-year period. They conclude a “variety of aggregate and bank-specific factors” are at work.
On a bank-specific level, those with
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