context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational … costs and provisioning for loan losses remain high compared to some other economies. Profitability of the aggregate banking …

informal, and the impact of normalization on their profitability. The analysis finds that the impact of tax registration on … profitability depends on firm size and the ability to issue tax receipts, and presents a set of prioritized policy implications for …

better understand the reasons why firms are informal and the impact of formalization on their profitability, in order to … registration on profitability depends on firm size and the ability to issue tax receipts. The smallest and the largest firms in the …