| 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 |