Variables | Implications | Mean | Minimum | Maximum | Standard deviation |

BUF | Capital ratio minus 8% | 3.366 | −9.47 | 22.67 | 3.517 |

CAP | Capital/total assets | 5.732 | 0.012 | 12.04 | 2.017 |

LOAN | Loan/total assets | 51.928 | 26.845 | 75.794 | 8.751 |

GDP | Growth rate of gross domestic product | 10.013 | 7.4 | 14.2 | 2.030 |

CR4 | Loan of the four largest banks as a share of all banks | 50.377 | 45.401 | 60.169 | 4.3161 |

HHI | Herfindahl-Hirschman index | 12.769 | 11.427 | 15.717 | 1.287 |

NPL | Non-performing loan ratio | 2.575 | 0 | 26.73 | 3.517 |

SIZE | Natural logarithm of the total assets | 16.961 | 13.245 | 21.446 | 2.022 |

ROA | Return on asset | 0.976 | −0.97 | 2.19 | 0.433 |

ROE | Return on equity | 17.394 | 4.155 | 28.35 | 6.349 |

M2 | Growth rate of M2 | 16.764 | 12.2 | 27.7 | 4.094 |