| Variable | Deposit growth rate | Loan growth rate |
| SND ratio (t − 1) | 1.128 | 0.496 |
| (0.904) | (0.317) | |
| Deposit growth rates (t − 1) | 0.137 | |
| (1.464) | ||
| Loan growth rates (t − 1) | −0.150* | |
| (−2.265) | ||
| NPL ratio (t − 1) | −2.105** | |
| (−2.786) | ||
| Capital ratio (t − 1) | 0.763* | 1.121** |
| (2.315) | (3.953) | |
| Time deposit growth rates (t − 1) | 0.130* | |
| (2.418) | ||
| Observations | 1208 | 603 |
| F test (p-value) | 0.000 | 0.000 |
| Hansen test (p-value) | 0.207 | 0.213 |
| Serial correlation test (p-value) | 0.123 | 0.316 |