However, it is
beyond the scope of this paper to discuss each area relevant for bank profitability due to numerous
hypotheses which could be tackled and a rich body of literature already being synthesized by e.g.
Athanasoglou, Delis and Staikouras (2006), Košak and Čok (2008) and Kundid, Škrabić and
Ercegovac (2011). Reasonable loan growth, stable deposit financing, cost management efficiency,
credit rationing in practice, business diversification, lower bankruptcy and refinancing costs as a
consequence of higher equity to assets ratio are strongholds of bank profitability.