Determinants of Banks’ Profitability in a War-Torn Banking Sector: Evidence from Syria

Mazen Diwani

Chapter 4 in Handbook of Banking and Finance in the MENA Region, 2024, pp 77-111 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Using the fixed effects estimator, this chapter examines the profitability of 11 private banks in Syria over the period 2007 Q1–2018 Q4. To evaluate the impact of the Syrian crisis (civil war), the sample is divided into a pre-crisis period and a crisis period. The profitability determinants include bank-specific characteristics, industry-specific and macroeconomic factors. Dividing the sample has a twofold purpose: what determines the profitability of private banks in Syria and how the behavior of these determinants has changed in the crisis relative to the pre-crisis. The findings assert the presence of behavioral changes in profitability determinants across the two periods and that a high extent of banks’ time-varying profitability is captured by the factors included.

Keywords: MENA; Banking Sector; Business Risk; Corporate Governance; COVID-19; Cryptocurrency; Fintech; Financial Stability; Green Finance (search for similar items in EconPapers)
JEL-codes: F3 G2 G3 (search for similar items in EconPapers)
Date: 2024
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