VARIABLES

NPL

Fin

−0.787***

(0.201)

CAR

−0.0386**

(0.0186)

ROA

−1.276***

(0.323)

ldr

0.205**

(0.119)

GDP

1.289

(1.321)

M2

5.464**

(2.055)

Constant

4.669***

(0.822)

Observations

138

R-squared

0.470

Number of bank

23