Comparison of financial performance of participation banks in Turkey

Abstract

Aim of this study is to apply Gray Relational Analysis (GRA) to measure and compare financial performances of participation banks between the years of 2012–2014. Another aim of the study is to reduce the number of financial rates, which determine participation bank performance, and by doing so, identify which financial rate is more important in performance measurement. As a result of GRA method, “Albaraka Turk” is the first and “Bank Asya” is the last in terms of financial performance. Another finding of the study is that a participation bank with high “Return on Assets” could also have a high financial performance