Abstract
A healthy and strong banking sector is a prerequisite for sustainable economic growth and thought to be an integral part of the economic systems. For this reason, the performance evaluation of banks is relatively important for investors, managers, and politicians. The objective of this study is to compare the financial performances of the Turkish Private banks during the period 2008-2011 by using Grey Relation Analysis (GRA) approach. To do this, 11 private banks are ranked based on their performances observing 12 financial ratios based on the CAMELS criteria such as capital sufficiency, active quality, liquidity, and profitability. According to the findings, Garanti Bankasi is the first whereas Turkish Bank is the last among private banks in terms of financial performance. Furthermore, the most important financial indicators in financial achievement are active quality for private banks.
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