A comperative analysis of the financial performance between publicly traded commercial banks in Borsa Istanbul and non-public Turkish commercial banks

This thesis aims at comparing the financial performance of publicly traded and the non-public Turkish commercial banks by using TOPSIS methodology. Financial ratios of the Turkish commercial banks were used and overall financial performances were evaluated by using these financial ratios. The results were discussed seperately for each year . First, financial markets and the importance of the commercial banks in this market was investigated. For this purpose, the total share of Turkish commercial banks in Turkish banking sector was analysed. Previous studies on the financial performance of banks have been examined and commonly used financial performance indicators were selected. The financial ratios of the commercial banks opearating for more than 5 years in Turkey were used as the inputs of TOPSIS method. Based on the TOPSIS scores, Turkish commercial banks were evaluated for each analysis period. Also, it is investigated whether to be publicly traded or not have any impact on financial performance of the commercial banks by conducting some nonparametric methods. In conclusion, it is found that publicly traded commercial banks are more efficient than the non-public commercial banks for the years of 2013, 2011 and 2010. But, this efficiency difference between these two groups is not statistically significant for the years of 2012 and 2009.