Variable name

Variable

Definition

Return on capital

ROE

Net profit/average equity

Cost income ratio

CIR

Operating expenses/operating net income

Non-interest income ratio

NIIR

(Operating income-interest income)/operating income

Non-performing loan ratio

NPL

Non-performing loan balance/the balance of the loan

Strategic investor shareholding

SI

Strategic investor’s shareholding ratio

GDP growth rate

GGDP

GDP growth rate

Asset scales

AS

The logarithm of the total assets of the bank

Property rights system

PRS

State owned 1, non-state owned 0

Equity ratio

ER

Total liabilities/total owners’ equity