Excess

Excess Cooff.
Return
return Of
Bank over
over risk Variatio
Benchm
free (%) n (%)
ark (%)
UBL -0.191 -0.19 0.681 4.091 0.321 -0.279 1
NBP -0.212 -0.214 0.621 3.985 0.108 -0.345
UBL -0.901 0.013 0.017 7.001 0.199 0.765
NBP -0.635 0.011 0.221 5.328 0.122 0.050
UBL -0.649 0.199 0.631 3.601 0.089 0.315
NBP -0.868 0.167 0.416 4.98 0.112 0.401
UBL -0.691 0.023 0.413 2.321 0.21 0.056
NBP -0.716 0.196 0.338 1.961 0.268 0.580
UBL -1.199 -0.361 0.236 1.901 0.071 -1.530
NBP -1.548 -0.512 0.689 2.877 0.113 -0.743
UBL -0.701 0.392 0.211 3.091 0.21 1.858
NBP -0.669 0.221 0.422 3.002 0.168 0.524

Excess Cooff.
return Of
over risk Variatio
free (%) n (%)

-0.19 0.681 4.091 0.321 -0.5919003

-0.214 0.621 3.985 0.232 -0.9224
0.013 0.017 7.001 0.199 0.06532663
0.011 0.221 5.328 0.122 0.09016393
0.199 0.631 3.601 0.249 0.79919679
0.167 0.416 4.98 0.266 0.62781955
0.023 0.413 2.321 0.21 0.10952381
0.196 0.338 1.961 0.268 0.73134328
-0.361 0.236 1.901 0.192 -1.8802083
-0.512 0.689 2.877 0.241 -2.1244813
0.392 0.211 3.091 0.265 1.47924528
0.221 0.422 3.002 0.236 0.93644068

1.505 1.505
1.434
1.298
0.368
 0.681
2.621
2.71

1.505 1.751 1.434 1.591 1.298 1.632 0.368 0.212

1.505 4.091 0.367881

1.751 3.985 0.439398
1.434 7.001 0.204828
1.591 5.328 0.298611
1.298 3.601 0.360455
1.632 4.98 0.327711
0.368 2.321 0.158552
0.212 1.961 0.108108
0.681 1.901 0.358233
0.697 2.877 0.242266
2.621 3.091 0.847946
2.969 3.002 0.989007
5 6 -0.279001
-0.344605
0.764706
0.049774
0.315372
0.401442
0.05569
0.579882
-1.529661
-0.743106
1.85782
0.523697

1.434 1.298 0.368 0.681 2.621

0.681 0.697 2.621 2.969
C TC SE
T SE C SE
T

1.7286 0.215 8.04 8.04 1

0.64368 0.149 4.32 4.32 1
0.3822 0.245 1.56 1.56 1
0.8119 0.353 2.3 2.3 1
0.98154 0.266 3.69 3.69 1
0.0003 0.01 0.03 0.03 1

1.7286 3.327867 0.215 8.04

0.64368 1.704227 0.149 4.32
0.3822 0.729067 0.245 1.56
0.8119 1.154967 0.353 2.3
0.98154 1.645847 0.266 3.69
0.0003 0.013433 0.01 0.03
2.71