Dependent Variable

Net Interest Margin

Fixed Effects

Random Effects

SND ratio (t − 1)

−0.062^**

−0.061^**

(−3.713)

(−3.670)

Cash ratio

0.006

0.007

(1.041)

(1.364)

Overhead-cost ratio

0.198^**

0.201^**

(9.981)

(10.145)

Non-interest-income ratio

−0.011^**

−0.011^**

(−8.985)

(−8.945)

NPL ratio

−0.300

−0.297

(−1.385)

(−1.373)

Capital ratio

0.369^**

0.370^**

(12.490)

(12.538)

Observations

1614

F test (p-value)

0.000

Hausman test (p-value)

0.322

Adjusted R-squared

0.215