# **Table 6a: Contributing factors to net interest margin, 2005-14, continued**

|[1]<br>Net interest margin<br>(v.s. world)<br>[2] Economy|[3]<br>Size of<br>operations|[4]<br>Risk aversion|[5]<br>Overhead|[6]<br>Reserve<br>opportunity cost|[7]<br>Credit risk|[8]<br>Income<br>diversification|[9]<br>Inflation|[10]<br>Interest rate risk|[11]<br>Competition|[12]<br>Information<br>environment|[13]<br>Creditor rights|[14]<br>Contract<br>enforcement|[15]<br>Other factors|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|4.39 Uganda|-0.241|0.196|0.860|0.111|-0.018|-0.030|0.166|0.048|0.018|0.009|-0.006|0.001|3.277|
|1.51 Ukraine|0.027|0.084|0.163|0.118|0.051|-0.004|0.262|0.075|-0.009|0.004|-0.023|0.088|0.674|
|-2.68 United Kingdom|0.017|0.037|-0.390|-0.258|-0.016|-0.167|-0.120|-0.020|0.017|-0.007|-0.023|-0.134|-1.615|
|-1.01 United States|-0.207|-0.058|-0.201|-0.166|-0.041|1.242|-0.137|-0.017|0.001|-0.007|-0.023|-0.111|-1.281|
|-0.67 Uruguay|-0.056|-0.009|0.398|0.303|0.017|-0.747|0.114|0.039|-0.027|-0.007|0.012|-0.009|-0.698|
|3.70 Venezuela, RB|0.056|-0.054|0.302|0.454|-0.002|0.198|0.398|0.070|0.015|0.004|0.025|0.095|2.143|
|-1.38 Vietnam|0.058|0.026|-0.490|-0.277|-0.041|0.722|0.160|0.012|-0.023|-0.001|-0.007|0.063|-1.579|
|3.38 Zambia|-0.248|0.112|0.952|0.410|0.005|-0.690|0.157|0.025|-0.074|0.001|-0.017|0.023|2.720|

_Note_ : Values of contribution in percentage points of net interest margin. results based on equation in Table 4a, column 4. The dashed line for each column indicates the cross-country mean for a variable, as listed in Table 1 and normalized to 0 in the regression analysis. The bars indicate relative distances from world averages, with the left and right sides of the cell representing minimum and maximum values across countries. Column “Other factors” reflects contributions associated to real incomes, country and time fixed effects, and regression residuals.

# **Table 6b: Contributing factors to net interest margin, 2005-14**

|[1]<br>Net interest margin<br>(v.s. world)<br>[2] Region|[3]<br>Size of<br>operations<br>|[4]<br>Risk aversion|[5]<br>Overhead|[6]<br>Reserve<br>opportunity cost|[7]<br>Credit risk|[8]<br>Income<br>diversification|[9]<br>Inflation<br>|[10]<br>Interest rate risk|[11]<br>Competition|[12]<br>Information<br>environment|[13]<br>Creditor rights|[14]<br>Contract<br>enforcement|[15]<br>Other factors|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|-1.04 East Asia & Pacific|0.076|0.093|-0.412|0.051|-0.016|0.396|-0.021|-0.006|0.029|-0.002|-0.007|0.006|-1.223|
|0.95 Europe & Central Asia|-0.077|0.140|0.318|0.246|0.024|-0.074|0.021|0.012|-0.003|-0.001|-0.008|0.014|0.336|
|1.55 Latin America & Caribbean|-0.058|0.041|0.288|0.167|-0.012|0.129|0.048|0.006|0.009|-0.003|0.006|0.023|0.908|
|-1.41 Middle East & North Africa|0.227|0.024|-0.496|-0.014|0.017|0.124|-0.035|-0.016|0.047|0.000|0.019|0.023|-1.326|
|0.08 South Asia|0.002|-0.110|-0.274|0.071|-0.007|0.326|0.164|0.033|-0.029|0.005|-0.002|0.018|-0.113|
|1.87 Sub-Saharan Africa|-0.178|0.003|0.475|0.067|0.016|-0.615|0.087|0.006|0.009|0.006|0.003|0.047|1.945|
|-2.38 OECD high income|0.136|-0.122|-0.434|-0.323|-0.019|0.278|-0.131|-0.014|-0.032|-0.004|-0.006|-0.076|-1.638|

_Note_ : See note for Table 6a. Contribution for each group is represented by the average of contributions for countries within each group (see Table 7a-g for country groupings). Left and right sides of cells represent minimum and maximum values across regions.

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