Non-performing loans and profitability in municipal savings and credit banks: Monthly panel evidence for 2024
This study examines the relationship between non-performing loans (NPL) and profitability in Peruvian municipal savings and credit banks (cajas municipales de ahorro y crédito [CMAC]) using monthly supervisory panel data for 2024. Grounded in the credit-risk and microfinance literature, we construct a balanced panel of...