Banks' noninterest income and securities holdings in a low interest rate environment: The case of Italy

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygladolygiad gan gymheiriaid

Fersiynau electronig

Dogfennau

Dolenni

Using a sample of 440 Italian banks over the period 2007–2016, we find that low interest rates motivate banks to expand their fee and commission income and to restructure their securities portfolios. A granular breakdown suggests that banks grow noninterest income in various ways, including portfolio management, brokerage and consultancy services and increase fee income from current account and payment services. In addition, banks rebalance securities portfolios away from those “held for trading” to securities “available for sale” and “held to maturity.” Our findings allude to different behavior between large and small banks: while larger banks increase brokerage, consultancy and portfolio management services, smaller banks generate fees from customer current accounts.

Allweddeiriau

Iaith wreiddiolSaesneg
Tudalennau (o-i)98-119
CyfnodolynEuropean Financial Management
Cyfrol27
Rhif y cyfnodolyn1
Dyddiad ar-lein cynnar4 Mai 2020
StatwsCyhoeddwyd - Ion 2021

Cyfanswm lawlrlwytho

Nid oes data ar gael
Gweld graff cysylltiadau