factors affect the profitability of 108 real estate banks from the US, the UK and Germany over
the period from 2000 to 2014. The literature describing the profitability determinants of real
estate banks is almost nonexistent. Similarly, there exist very few papers that investigate the
impact of the recent financia crisis on bank profitability. To account for the effects of the
recent financial crisis, we separately considered the years before and during the crisis. We …