LEADER 04092nam 2200649Ia 450 001 9910826451703321 005 20200520144314.0 010 $a1-4623-3156-4 010 $a1-4527-4806-3 010 $a1-282-84237-4 010 $a1-4518-7162-7 010 $a9786612842375 035 $a(CKB)3170000000055181 035 $a(EBL)1608139 035 $a(SSID)ssj0000943305 035 $a(PQKBManifestationID)11985090 035 $a(PQKBTitleCode)TC0000943305 035 $a(PQKBWorkID)10975479 035 $a(PQKB)10021156 035 $a(OCoLC)426149243 035 $a(IMF)WPIEE2009015 035 $a(MiAaPQ)EBC1608139 035 $a(EXLCZ)993170000000055181 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe determinants of commercial bank profitability in Sub-Saharan Africa /$fprepared by Valentina Flamini, Calvin McDonald, and Liliana Schumacher 205 $a1st ed. 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (32 p.) 225 1 $aIMF working paper ;$vWP/09/15 300 $aDescription based upon print version of record. 311 $a1-4519-1598-5 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Literature Review; III. Data and Methodology; IV. Empirical Results; V. Concluding Remarks and Some Implications for Policymakers; Figures; Figure 1. Time Series of Sub-Saharan African Countries' Return on Assets; Figure 2. Average Return on Assets by Income Group (2006); Figure 3. Sub-Saharan Africa Return on Assets by Country (2006); Figure 4. Distribution of Sub-Saharan Africa Return on Assets (2006); Figure 5. Time Series of Sub-Saharan Africa's Return on Assets by Income Group; Figure 6. Time Series of Sub-Saharan Africa's Net Interest Margins 327 $aFigure 7. Average Net Interest Margins by Income Group (2006)Tables; Table 1. Account Decomposition of Banks by Income Group; Table 2. Account Decomposition of Sub-Saharan African Banks; Table 3. Variable Definition and Notation; Table 4. Descriptive Statistics; Table 5. Estimation Results; Table 6. Sargan Test for Alternative Model with All Variables Strictly Exogenous; Control Variables Table 7. Granger-Causality Test Between Return on Asset and Capital Without; Control Variables Table 8. Granger-Causality Test Between Return on Asset and Capital with 327 $aTable 9. Estimation Results Using Random EffectsReferences 330 3 $aBank profits are high in Sub-Saharan Africa (SSA) compared to other regions. This paper uses a sample of 389 banks in 41 SSA countries to study the determinants of bank profitability. We find that apart from credit risk, higher returns on assets are associated with larger bank size, activity diversification, and private ownership. Bank returns are affected by macroeconomic variables, suggesting that macroeconomic policies that promote low inflation and stable output growth does boost credit expansion. The results also indicate moderate persistence in profitability. Causation in the Granger sense from returns on assets to capital occurs with a considerable lag, implying that high returns are not immediately retained in the form of equity increases. Thus, the paper gives some support to a policy of imposing higher capital requirements in the region in order to strengthen financial stability. 410 0$aIMF working paper ;$vWP/09/15. 606 $aBank profits$zAfrica, Sub-Saharan 606 $aBanks and banking$zAfrica, Sub-Saharan 615 0$aBank profits 615 0$aBanks and banking 676 $a332.3;332.32;332.3209684 700 $aFlamini$b Valentina$01657746 701 $aMcDonald$b Calvin A$01759986 701 $aSchumacher$b Liliana$01657747 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826451703321 996 $aThe determinants of commercial bank profitability in Sub-Saharan Africa$94198701 997 $aUNINA