Özet:

Cross-border bank mergers and acquisitions hold significant importance due to possible negative effects on the country’s economy such as creating barriers to the country’s fiscal policy objectives, performing operations that trigger crisis during the crisis period, creating a pressure group that directs policies of the government, creating an unhealthy competitive environment, limiting the distribution of resources within the country. In the study, it is aimed to analyze the impact of bank mergers and acquisitions that took place in a different country on financial performances of those banks. For this reason, the impact on financial performances of three cross-border bank acquisitions took place in Turkey (Denizbank, Finansbank, ING Bank) has been researched using CAMELS, a kind of ratio analysis. Comparative performance improvements of three banks to the average of commercial banks in Turkey were analyzed for the three years’ post-acquisition and three years pre-acquisition periods and the results are compared. Findings indicate that the performances of the target banks decreased in the post-acquisition periods. The results of the analysis are considered to be affected by the 2008 crisis coincided with the post-acquisition periods.

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