Bank Valuation and Its Connections with the Subprime Mortgage Crisis and Basel II Capital Accord

Table 2

Correlations between provisions and profitability.

Countries	Provisions	Profitability
Australia	−0,88	0,71
Finland	—	0,81
Germany	−0,21	−0,42
Italy	−0,21	0,25
Japan	−0,43	0,22
Norway	−0,35	0,54
South Africa	−0,85	0,74
Spain	−0,41	0,84
Sweden	−0,83	0,60
United Kingdom	−0,38	0,12
United States	0,14	0,24