bank funding (deposit growth and external borrowing slowed considerably) but whose effect was frequently dampened by … expansionary monetary policy. Third, bank-level fundamentals - capitalization and loan quality - helped to explain differences in …

This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil …-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability …. Our results indicate that oil price shocks have indirect effect on bank profitability, channeled through country …