| VARIABLES | NPL | 
| GDP | 1.604 | 
| 
 | (1.265) | 
| M2 | −5.249*** | 
| 
 | (1.932) | 
| Fin | −0.630*** | 
| 
 | (0.155) | 
| CAR | −0.0317* | 
| 
 | (0.0169) | 
| ROA | −0.981*** | 
| 
 | (0.202) | 
| ldr | −0.0726 | 
| 
 | (0.122) | 
| Constant | 3.647*** | 
| Constant | (0.642) | 
| Observations | 138 | 
| Number of bank | 23 | 
| 
 | Prob > chi2 = 0.000 |