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Determinants of Bank Profitability in CEE Countries: Evidence from GMM Panel Data Estimates

Author

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  • Alexandra Horobet

    (Department of International Business and Economics, Faculty of International Business and Economics, Bucharest University of Economic Studies, 6 Piata Romana, 010374 Bucharest, Romania)

  • Magdalena Radulescu

    (Department of Finance, Accounting and Economics, University of Pitesti, Str. Targu din Vale, No. 1, Pitesti, 110094 Arges, Romania
    Doctoral School, “Lucian Blaga” University of Sibiu, Bd. Victoriei, No. 10, 550024 Sibiu, Romania)

  • Lucian Belascu

    (Department of Business Administration, Faculty of Economic Studies, University “Lucian Blaga” of Sibiu, Calea Dumbravii, No. 17, 550324 Sibiu, Romania)

  • Sandra Maria Dita

    (Doctoral School, “Lucian Blaga” University of Sibiu, Bd. Victoriei, No. 10, 550024 Sibiu, Romania)

Abstract

Given the high resilience of the Central and Eastern Europe (CEE) banking sectors during the last financial crisis and their major role in the CEE region in financing the economy and supporting the high growth rates achieved there, our paper investigates the determinants of banking profitability in the CEE banking sectors based on a Generalized Method of Methods (GMM) approach using data between 2009 and 2018. We have selected determinants from the macroeconomic factors and from the financial-banking specific factors using a two-step GMM method. Our findings demonstrate that unemployment rate, inflation, budget balance, non-governmental credit, non-performing loan rates, concentration rate and capitalization rate negatively impact on the banking profitability in the CEE banking sectors. According to these findings, some policy recommendations were elaborated.

Suggested Citation

  • Alexandra Horobet & Magdalena Radulescu & Lucian Belascu & Sandra Maria Dita, 2021. "Determinants of Bank Profitability in CEE Countries: Evidence from GMM Panel Data Estimates," JRFM, MDPI, vol. 14(7), pages 1-23, July.
    • Handle: RePEc:gam:jjrfmx:v:14:y:2021:i:7:p:307-:d:588669
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