| Variable |
|
|
| ROA | Characteristic variable of the bank | return on assets × 100 |
| SIZE | Size of the banks | Log of total assets |
| RISK | Measuring Banks’ risk-taking | non-performing loan ratio × 100 |
| CAP | Characteristic variable of the bank | capital adequacy ratio × 100 |
| M2 | Monetary policy | growth rate of M2 × 100 |
| GDP | Marco-economic | growth rate of GDP |