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 on new lending to the non-financial private sector. In general, the NIM is positively related to lending: When lending …

conditions not only affect the supply of credit in volume, but also in its currency and risk composition. Hence, we establish a … “bank‐lending‐to‐households” channel of monetary policy that is heterogeneous. While the availability of foreign currency … mortgages weakens the domestic bank‐lending channel overall, weakly capitalized domestic banks relying on swap transactions for …