The purpose of the missions of Phase I was to develop a functional central bank, including establishing a modern …

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 …