الفهرس 
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Abstract
One of the most important instruments of financial system which reveals the future of the economy in any country is the profitability of banking sector. Starting from 2008, Egypt was banged by consecutive shocks, both globally and country-specific started with global financial crisis in Sep., 2008. The essential objective of the current research is to investigate factors affecting Egyptian banks’ profitability before the global financial crisis as a stable economical period and after global financial crisis as an unstable economical period using a panel dynamic model named Generalized Method of Moments (GMM) through Eviews software. Regarding to the current research, data sample consists of II listed banks in the Egyptian Stock Exchange and the data were investigated in a quarterly basis with 440 observations. The data were collected from Egyptian Stock of Exchange and statistical bulletins published on Central Bank of Egypt website in addition to Bankscope website. The sample period spans from Jan., 2004 to Dec., 2013. Due to the current research, return on asset and return on equity were used as proxy for banks’ profitability. The explanatory variables which were thought to have effect on the profitability are deposits to total assets ratio, operating income to asset ratio, credit quality, capital adequacy, loans rate, equity growth minus loan growth rate, asset share ratio and Egyptian banks’ total assets to Egyptian Gross Domestic Product (GDP). The empirical outcomes suggested that there is no essential difference between banks’ profitability before and after financial crisis and also stated that Egyptian banks with higher capital strength, asset share, and efficient management exhibit higher profitability level, whilst Egyptian banks with higher credit risk and loans intensity exhibit lower profitability level. R squared in post-crisis period is higher than the pre-crisis.