Evaluation of Financial Performance of BIST Participation Banks: CAMELS and Multi-Criteria Decision Making (MCDM) Approach

Year 2024, , 923 - 940, 30.09.2024

Emre Bulut , Ahmed İhsan Şimşek

https://doi.org/10.29023/alanyaakademik.1511040

Abstract

This study presented an evaluation of the financial performances of six Turkish participation banks with feats of being registered in Borsa Istanbul for the year 2023. The analysis employed 20 different financial ratios using the CAMELS rating. The weighting method of this study was determined to be the CRITIC approach. The financial performances of the 6 participation banks traded in BIST were performed with the weighting method of the CAMELS rating and the CRITIC approach. The performance evaluation was done with the ARAS, TOPSIS, and COPRAS methodologies. As can be observed from the tables, it is clear that EMLAK Katılım Bank has the highest performance in all three methods. Making an evaluation, one can safely argue that the participation banks’ financial performance provides similar results in the three different ways. The similarity, plus the reliability, and the validity of these analyses conducted in this study are that the utilization of the TOPSIS, COPRAS, and ARAS approaches yield similar results.

Keywords

MCDM, CRITIC, Participation Banks, Financial Performance, CAMELS

Evaluation of Financial Performance of BIST Participation Banks: CAMELS and Multi-Criteria Decision Making (MCDM) Approach

Abstract

Bu çalışmada, Borsa İstanbul'da (BİST) işlem gören altı Türk katılım bankasının 2023 yılına ait finansal performansları CAMELS kriterleri çerçevesinde oluşturulmuş olan 20 adet finansal oran kullanılarak değerlendirilmiştir. Çalışmada ağırlıklandırma yöntemi olarak CRITIC yöntemi kullanılmıştır. CAMELS kriterleri CRITIC yöntemi ile ağırlıklandırldıktan sonra BİST’te işlem gören 6 katılım bankasının finansal performansları ARAS, TOPSIS ve COPRAS yöntemleri kullanılarak değerlendirilmiştir. Elde edilen sonuçlar incelendiğinde kullanılan her üç yöntem için de EMLAK Katılım Bankası’nın en iyi performansa sahip banka olduğu ortaya konulmuştur. Yapılan analizler sonucunda katılım bankalarının finansal performanslarının her üç yöntem için de benzer sonuçlar ürettiği görülmektedir. TOPSIS, COPRAS ve ARAS yöntemleri ile yapılan analizlerin benzer sonuçlar vermesi bu çalışmada yapılan analizlerin tutarlılığı, güvenilirliğini ve geçerliliğini artırmaktadır.

Keywords

Çok Kriterli Karar Verme, CRITIC, Katılım Bankaları, Finansal Performans, CAMELS

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