Abstract:

Purpose- The aim of this study is to measure the effect of the Currency Protected Deposit (KKM) application, which entered into force on December 21, 2021, on the financial performance of participation banks.. Methodology- In the study, a hybrid MCDM method consisting of CRITIC and WASPAS methods was used to measure the effect of Currency Protected Deposit on the financial performance of participation banks. The data regarding the banks in question have been compiled from the website of the Banking Regulation and Supervision Agency (BDDK). Within the scope of the study, 12-month data for 2021 and 9 months for 2022 were included in the analysis. Financial performance of participation banks was evaluated on 5 criteria: Total Dividend Income, Return on Assets, Return on Equity, Operating Expenses/Total Assets, Foreign Resources/Total Equity. Findings- As a result of the analysis made within the scope of the study, it has been determined that the criterion with the highest weight in determining the financial performance of participation banks is the Operating Expense / Total Assets criterion. According to the results of the WASPAS method, it was determined that the participation banks showed the worst performance in the period under consideration in May 2021. The period with the best performance was determined as September 2022. Conclusion- The results of the analysis conducted within the scope of the study show that the performance of participation banks fluctuated in 2021 and there was a decrease in their performance during the period under consideration. It has been determined that the financial performance of participation banks has increased with the Currency Protected Deposit (KKM) application, which came into effect in December 2021, and the performance increased continuously in 2022 in general, and the best performance was shown in September 2022