“…In the earlier studies, return on asset was considered essential for banks and other loanproviding institutions (Alzahrani & Alfares, 2021;Bhattarai, 2018;Edi & Wijaya, 2022;Pereira et al, 2022;Ramachann et al, 2022;Service, 2021;Wynn, 2021), because the survival of these institutions is directly dependent on return on asset. In this regard, the banks' management should ensure that the loans provided by the banks are appropriate as they can be returned safely to the owners (Hamid & Ibrahim, 2021;Partovi & Matousek, 2019;Petkovski et al, 2018; Pilinkienė et al, 2021;Qin et al, 2021;Ribaudo, 2020;Sell, 2020;Tetrevova et al, 2021).…”