Analysis of financial performance of banks with CAMELS rating system: An application on BİST banking index

The purpose of this study is to analyze the financial performance of the banks listed in the BIST Banking Index with the CAMELS Rating System. Therefore, for evaluating of the CAMELS degrees of the banks, a data set was formed from the financial statements by the calculated ratios of the banks, covering the period of 2008-2017. The findings of the CAMELS Rating System analysis have shown the capital adequacy ratios of the banks traded in the BIST Banking Index during the working period are in line with the Basel Criteria, but in general, the banks' CAMELS ratings have a "3" rating degree, which is considered problematic and to some extent alarming.