“…The effects of reforms on banking sector’s financial and regulatory performance, as well as on the economy, according to evidence by different studies, have been varied. Some studies find that banking reforms improve the sector’s financial and operational performance in terms of better returns, productivity and efficiency (Ezeocha, 2020; Olajide et al , 2011; Zhao et al , 2010; Adegbaju and Olokoyo, 2008; Brissimis et al , 2008; Angelini and Cetorelli, 2003), financial system stability (Jungo et al , 2022; Kuo et al , 2022) and thus support economic growth and development (Boikos et al , 2021), while some others could not establish any positive linkage between reforms and performance (Okpara, 2011; Das and Ghosh, 2006; Fernandez De Guevara et al , 2005; Maudos and Fernandez De Guevara, 2004; Kumbhakar and Sarkar, 2003).…”