(a)

Variables

N

Mean

Sd

CV

Min

Max

NDefault

39

52.08

11.58

22.2%

35.88

76.99

LDefault

39

42.18

11.09

26.3%

17.38

59.37

HDefault

39

3.83

2.22

58.0%

0.14

7.25

Default

39

1.92

0.48

25.0%

0.99

3.08

FinTech

35

83.69

7.45

8.9%

59.26

90.80

I

40

30.85

3.07

10.0%

23.53

38.08

E

40

28.19

2.87

10.2%

22.30

34.59

R

40

27.63

6.05

21.9%

17.16

39.98

GDP

40

5.81

1.38

23.8%

2.90

6.90

SF

40

11.68

1.58

13.5%

9.60

14.08

NIM

40

2.04

0.30

14.7%

1.48

2.66

NPL

40

1.52

0.22

14.5%

1.32

2.39

CoreCAR

35

11.93

1.21

10.1%

10.06

14.04

CAR

40

15.68

1.52

9.7%

13.04

19.26

(b)

Variables

NDefault

LDefault

HDefault

Default

FinTech

NDefault

1

LDefault

−0.9781***

1

HDefault

−0.3061*

0.1052

1

Default

−0.1135

0.0100

0.3240**

1

FinTech

0.0322

0.0091

−0.1137

−0.4457***

1