The excess of regulation that bank activities are increasingly subject to, the risk aversion that is also conditioned by the fear of repeating the mistakes that have heavily plagued the economic and stock market performances, and the crucial role of bank capital are the main factors that maintain the profitability of the banks at very low levels. This is a considerable problem for the future of banks. First, if profitability does not improve, the possibility of increasing capital to pursue

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... h and development are zero. There will be no self-financing and it will not be possible to raise new capital in the market in which investors will find better opportunities. To the extent that capital will continue to be the focus of regulatory and supervisory controls, this will imply the blockage of the banks and the reduction of their propensity to give credit to the economy.