Using a large sample of banks from the Middle East and North Africa (MENA), and African countries, we identify bank business models in the region. We use an Activity-Funding Approach (AFA) and cluster analysis, and we uncover a range of diverse business models heterogeneously distributed across countries. We then evaluate business model change between 2010 and 2019, a turbulent time in many of our sample countries. We find a high persistence of bank business models. Finally, we consider the determinants of bank business models, including bank-specific and macroeconomic factors, and the internationalisation of banks in the region. We find that country-specific characteristics play a crucial role in influencing banks’ choices. Regardless of the country of origin, foreign banks are more likely to diversify their assets and less likely to focus on lending than domestic banks.

Rym, A., Bongini, P., Casu, B., Cucinelli, D. (2023). Bank business models in MENA and African countries: the relevance of contextual variables. REVIEW OF CORPORATE FINANCE, 3(3), 329-359 [10.1561/114.00000043].

Bank business models in MENA and African countries: the relevance of contextual variables

Bongini, P;Cucinelli, D
2023

Abstract

Using a large sample of banks from the Middle East and North Africa (MENA), and African countries, we identify bank business models in the region. We use an Activity-Funding Approach (AFA) and cluster analysis, and we uncover a range of diverse business models heterogeneously distributed across countries. We then evaluate business model change between 2010 and 2019, a turbulent time in many of our sample countries. We find a high persistence of bank business models. Finally, we consider the determinants of bank business models, including bank-specific and macroeconomic factors, and the internationalisation of banks in the region. We find that country-specific characteristics play a crucial role in influencing banks’ choices. Regardless of the country of origin, foreign banks are more likely to diversify their assets and less likely to focus on lending than domestic banks.
Articolo in rivista - Articolo scientifico
banks; Business models; MENA region;
English
26-lug-2023
2023
3
3
329
359
none
Rym, A., Bongini, P., Casu, B., Cucinelli, D. (2023). Bank business models in MENA and African countries: the relevance of contextual variables. REVIEW OF CORPORATE FINANCE, 3(3), 329-359 [10.1561/114.00000043].
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/398297
Citazioni
  • Scopus 2
  • ???jsp.display-item.citation.isi??? ND
Social impact