01969cas a2200241 a 4500 AALejournalIMF018049 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484327159 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Spain : Financial Sector Assessment Program-Technical Note-Determinants of Bank Profitability. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (35 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/339 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/339/002.2017.issue-339-en.xml IMF e-Library