Abstract:

Purpose: This study aims to compare the performances of 11 development and investment banks operating in the Turkish Banking Sector by taking into account their capital ownership with the data between 2010 and 2020. In both national and international literature, there are no performance measurement and comparison studies that take into account the capital ownership of development and investment banks, and in this sense, the study aims to contribute to the literature. Methodology: The performance and efficiency of the banks were analyzed by grouping 17 ratios under 7 different groups and using the MULTIMOORA method, one of the Multi-Criteria Decision Making methods. Findings: According to the results of the analysis, it was determined that the performance of development and investment banks operating in Türkiye did not follow a stable course. However, it was concluded that Turk Eximbank and Bank of America Yatırım Bank A.Ş. were in the top three, while Pasha Yatırım Bankası A.Ş. and Nurol Yatırım Bankası A.Ş. were in the bottom three for the periods analyzed. Originality: Measuring the performance and evaluating the efficiency of development and investment banks, which have a very important position, is important for bank shareholders, management and regulatory authorities. Although there are very few studies in Türkiye that measure the performance of this type of banking, this is the first study that analyzes banks according to capital ownership and with the MULTIMOORA method.

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