Antoshin, Sergei; Arena, Marco; Georgiev, Nikolaj; … - 2017
This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in … profitability is positively and significantly influenced by credit growth, but this relationship has weakened after the GFC … underperformance. Bank lending has been subdued as well, but this appears to have only held back the recovery relatively moderately. A …