| Dependent variable | Group | Constant | Coefficients of independent variables | R2 | Sign. F | |||
| Loans/Nominal GDP (rev.) |
| C | Unemp. (+1 lag) | Net interest margin (rev.) |
|
|
| |
| HTBLFS | 0.98 | 0.003 | −0.013 | 0.47 | 0.043 | |||
| LTBHFS | 0.82 | 0.10 | −0.01 | 0.82 | 0.000 | |||
| HTBHFS | 0.92 | 0.08 | 0.01 | 0.53 | 0.022 | |||
| LTBLFS | 0.58 | 0.47 | −0.02 | 0.65 | 0.006 | |||
| Budget deficit (rev.) |
| C | Tax burden | GDP |
|
| ||
| HTBLFS | −0.57 | 1.12 | 0.48 | 0.61 | 0.009 | |||
| LTBHFS | − | − | − | − | − | |||
| HTBHFS | −3.06 | 5.12 | 0.41 | 0.47 | 0.040 | |||
| LTBLFS | −0.28 | 0.67 | 0.57 | 0.43 | 0.062* | |||
| Loans to private sector/Nominal GDP |
| C | Real GDP growth | Net interest margin (rev.) | Unempl. (+1 lag) |
|
|
|
| HTBLFS | − | − | − | − | − | − | ||
| LTBHFS | − | − | − | − | − | − | ||
| HTBHFS | 0.27 | 0.23 | −0.25 | 0.39 | 0.93 | 0.000 | ||
| LTBLFS | −0.15 | 0.01 | 0.40 | 0.70 | 0.64 | 0.023 | ||
| Non-performing loans (rev.) |
| C | Real GDP growth | Net interest margin (rev.) | Loans/GDP |
|
|
|
| HTBLFS | 11.397 | 2.85 | −0.77 | −12.47 | 0.84 | 0.001 | ||
| LTBHFS | −5.26 | 1.12 | −0.19 | 6.41 | 0.89 | 0.000 | ||
| HTBHFS | − | − | − | − | − | − | ||
| LTBLFS | 3.93 | 0.85 | −0.78 | 5.60 | 0.81 | 0.001 | ||
| Z-score |
| C | Loans/GDP | Net interest margin (rev.) | Capital/assets |
|
|
|
| HTBLFS | −0.12 | 0.35 | −0.16 | 0.32 | 0.77 | 0.003 | ||
| LTBHFS | −4.16 | 4.76 | 0.22 | 0.67 | 0.90 | 0.000 | ||
| HTBHFS | −2.59 | 2.69 | 0.59 | 0.54 | 0.82 | 0.001 | ||
| LTBLFS | 0.64 | −0.50 | −0.04 | 0.60 | 0.71 | 0.008 | ||
| Liquidity ratio |
| C | Non-perfor. loans (rev.) | Net interest margin (rev.) | Deposits/M3 | Real GDP gro. |
|
|
| HTBLFS | 0.21 | 0.27 | −0.14 | −0.11 | −0.13 | 0.72 | 0.024 | |
| LTBHFS | 0.72 | 0.50 | 0.15 | −0.92 | −0.59 | 0.67 | 0.045 | |
| HTBHFS | − | − | − | − | − | − | − | |
| LTBLFS | −0.13 | 0.03 | 0.14 | −0.01 | 1.05 | 0.83 | 0.003 | |