Descriptive statistics
| Variable definition | Obs | Mean | Std. Dev | Minimum | Maximum | Source |
|---|---|---|---|---|---|---|
| Panel A: Bank risk taking | ||||||
| Z-Score | 80 | 15.70 | 6.75 | 5.06 | 27.95 | GFDI |
| NPLs | 80 | 9.38 | 6.15 | 1.45 | 24.80 | GFDI |
| Panel B: Bank characteristics | ||||||
| Bank size- Log (Total assets) | 80 | 8.98 | 0.814 | 7.43 | 10.74 | GFDI |
| Panel C: fintech variables | ||||||
| registered m-money accounts per 1,000 adults | 80 | 486.70 | 310.75 | 5.53 | 1443.55 | IMF |
| Mobile money agents per 100,000 adults | 80 | 466.85 | 438.66 | 13.62 | 2145.51 | IMF |
| Mobile money agents outlets per 1,000 km2 | 80 | 464.78 | 952.68 | 0.21 | 4725.38 | IMF |
| Value of mobile and Internet banking transactions (% of GDP) | 80 | 43.67 | 78.23 | 0.01 | 437.98 | IMF |
| Number of mobile and Internet banking transactions per 1,000 adults | 80 | 13421.54 | 41432.01 | 12.80 | 229940.5 | IMF |
| ATMs per 100,000 adults | 80 | 16.48 | 20.08 | 1.87 | 72.95 | IMF |
| Fintech-based financial inclusion (FBFI) | 80 | 0.481 | 0.184 | 0.255 | 0.984 | Authors |
| Panel D: Macro-specific factors | ||||||
| Inflation, consumer prices (annual %) (INF) | 80 | 17.63 | 67.46 | −2.43 | 557.20 | GFDI |
| GDP growth (annual %) (GDPG) | 80 | 3.05 | 4.17 | −8.73 | 11.87 | GFDI |
| Regulatory quality (reg) | 80 | −0.474 | 0.599 | −1.893 | 0.765 | WGI |
| Variable definition | Obs | Mean | Std. Dev | Minimum | Maximum | Source |
|---|---|---|---|---|---|---|
| Z-Score | 80 | 15.70 | 6.75 | 5.06 | 27.95 | GFDI |
| NPLs | 80 | 9.38 | 6.15 | 1.45 | 24.80 | GFDI |
| Bank size- Log (Total assets) | 80 | 8.98 | 0.814 | 7.43 | 10.74 | GFDI |
| registered m-money accounts per 1,000 adults | 80 | 486.70 | 310.75 | 5.53 | 1443.55 | IMF |
| Mobile money agents per 100,000 adults | 80 | 466.85 | 438.66 | 13.62 | 2145.51 | IMF |
| Mobile money agents outlets per 1,000 km2 | 80 | 464.78 | 952.68 | 0.21 | 4725.38 | IMF |
| Value of mobile and Internet banking transactions (% of GDP) | 80 | 43.67 | 78.23 | 0.01 | 437.98 | IMF |
| Number of mobile and Internet banking transactions per 1,000 adults | 80 | 13421.54 | 41432.01 | 12.80 | 229940.5 | IMF |
| ATMs per 100,000 adults | 80 | 16.48 | 20.08 | 1.87 | 72.95 | IMF |
| Fintech-based financial inclusion (FBFI) | 80 | 0.481 | 0.184 | 0.255 | 0.984 | Authors |
| Inflation, consumer prices (annual %) (INF) | 80 | 17.63 | 67.46 | −2.43 | 557.20 | GFDI |
| GDP growth (annual %) (GDPG) | 80 | 3.05 | 4.17 | −8.73 | 11.87 | GFDI |
| Regulatory quality (reg) | 80 | −0.474 | 0.599 | −1.893 | 0.765 | WGI |
Note(s): Where: GFDI denotes Global Financial Development Indicators and WDI denotes World Development Indicators
Source(s): Authors’ own creation
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