Net Stable Funding Ratio e redditività bancaria: quali relazioni?

[Autom. eng. transl.] The present study aims to provide a contribution to the current debate on the impact of the structural liquidity requirement introduced by Basel 3 (the Net Stable Funding Ratio, Nsfr) on bank profitability, taking into account the cost of funding. The analysis is carried out on a sample of commercial, cooperative and savings banks belonging to the 28 countries of the European Union in the period 2004-2013. Contrary to what is estimated by recent surveys, the results obtained indicate that compliance with the NSFR does not compress the profitability of the banks, especially those of small size. The latter, in fact, being on average compliant with the regulatory liquidity constraint, enjoy greater profitability also in light of the lower funding costs incurred