interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets … market rates. As low profitability could hamper the ability of banks to expand lending, I also investigate the impact of the …

, NIM is significantly influenced by the different institutional designs of bank-based or capital-basaed finanfical markets …. Second, there are differences in NIM caused by bank size, although these are not fully captured by our methodology. Finally …, we show significant differences by bank type: saving banks, real estate and mortgage banks, and cooperative banks report …