Dependent Variable

Deposit Growth Rate

Fixed Effects

Random Effects

SND ratio (t − 1)

0.738*

0.738*

(2.196)

(2.205)

Market share

0.033**

0.033**

(2.739)

(2.773)

Overhead-Cost ratio

0.855*

0.865*

(2.012)

(2.027)

Cost of deposits ratio

−0.069

−0.066

(−1.637)

(−1.588)

NPL ratio

−41.414**

−42.036**

(−4.215)

(−4.299)

Capital ratio

2.651*

2.658*

(2.039)

(2.075)

Asset size

0.004

0.004

(0.773)

(0.865)

Observations

1617

F test (p-value)

0.000

Hausman test (p-value)

0.431

Adjusted R-squared

0.027