01897cas a2200265 a 4500 AALejournalIMF018462 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484354544 1018-5941 BD-DhAAL BD-DhAAL Detragiache, Enrica. Where Have All the Profits Gone? : European Bank Profitability Over the Financial Cycle / Enrica Detragiache, Thierry Tressel, Rima Turk-Ariss. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (34 pages) IMF Working Papers <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 The paper investigates EU banks' profitability through the recent financial cycle using banklevel balance sheet and income statement data. We find that banks that were more successful at protecting their profits had a less pronounced deterioration in loan quality and a larger improvement in cost efficiency. They also downsized their assets more aggressively during the crisis, and reduced reliance on wholesale funding more markedly post-crisis. Net interest margins remained broadly stable over the financial cycle, including post-crisis, and there is no clear evidence that aspects of bank business model, such as higher reliance on fees and commission income, were associated with better profitability post-crisis. Mode of access: Internet Tressel, Thierry. Turk-Ariss, Rima. IMF Working Papers; Working Paper ; No. 2018/099 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/099/001.2018.issue-099-en.xml IMF e-Library