| VaR | CoVaR | ||||
State-owned Bank | Joint-stock Bank | City Commercial Bank | State-owned Bank | Joint-stock Bank | City Commercial Bank | |
2010h2 | −6.62 | −7.79 | −8.65 | −4.76 | −4.20 | −4.94 |
2011h1 | −5.41 | −6.54 | −6.92 | −3.94 | −3.64 | −4.09 |
2011h2 | −4.20 | −5.42 | −5.39 | −3.12 | −3.11 | −3.28 |
2012h1 | −4.99 | −6.13 | −6.36 | −3.66 | −3.47 | −3.81 |
2012h2 | −4.91 | −6.14 | −6.38 | −3.60 | −3.43 | −3.77 |
2013h1 | −4.56 | −5.83 | −5.95 | −3.49 | −3.34 | −3.69 |
2013h2 | −3.91 | −5.14 | −4.97 | −2.91 | −2.95 | −3.06 |
2014h1 | −5.64 | −6.67 | −7.04 | −4.10 | −3.74 | −4.22 |
2014h2 | −4.08 | −5.27 | −5.13 | −3.03 | −3.02 | −3.16 |
2015h1 | −5.23 | −6.28 | −6.49 | −3.85 | −3.56 | −3.95 |
2015h2 | −5.44 | −6.52 | −6.96 | −3.95 | −3.63 | −4.11 |
2016h1 | −4.55 | −5.73 | −5.79 | −3.35 | −3.26 | −3.50 |
2016h2 | −4.38 | −5.60 | −5.60 | −3.23 | −3.17 | −3.38 |
2017h1 | −3.88 | −5.10 | −4.89 | −2.89 | −2.93 | −3.02 |
2017h2 | −3.30 | −4.60 | −4.22 | −2.49 | −2.68 | −2.65 |
2018h1 | −4.38 | −5.49 | −5.41 | −3.24 | −3.15 | −3.35 |