TY - BOOK ID - 85596346 TI - Spain : Financial Sector Assessment Program-Technical Note-Determinants of Bank Profitability. PY - 2017 SN - 1484329104 1484327802 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Finance: General KW - Macroeconomics KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - General Financial Markets: Government Policy and Regulation KW - Personal Income, Wealth, and Their Distributions KW - Interest Rates: Determination, Term Structure, and Effects KW - Financial Institutions and Services: General KW - Banking KW - Finance KW - Bank soundness KW - Personal income KW - Short term interest rates KW - Global systemically important banks KW - National accounts KW - Financial sector policy and analysis KW - Financial services KW - Nonperforming loans KW - Financial institutions KW - Banks and banking KW - Income KW - Interest rates KW - Financial services industry KW - Loans KW - Spain UR - https://www.unicat.be/uniCat?func=search&query=sysid:85596346 AB - This Technical Note discusses the recommendations in the Financial Sector Assessment Program for Spain regarding determinants of bank profitability. Profitability remains higher for Spanish banks than for European peers, especially supported by relatively high net interest margins; however, some Spanish banks still have higher nonperforming loans (NPLs) and provision-to-asset ratios. Panel regression analysis suggests that Spanish banks’ profitability is influenced by a combination of structural and cyclical factors, similar to those influencing other European banks and global systemically important banks. The IMF mission recommends further steps to reduce NPLs and legacy assets, continued cost-cutting measures to enhance the profitability of Spanish banks, and stronger communication between supervisors and banks on business models. ER -