Analysis of the Deposit Banks Quoted in BIST With Topsis and Entropy Methods in Terms of IMF Financial Soundness Indicators

Mehmet Mete Karadağ
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Mehmet Mete Karadağ: Istanbul Aydın University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2021, vol. 36, issue 116, 119-142

Abstract: The purpose of this study is to evaluate the financial soundness of the deposit banks quoted in BIST by using Entropi and TOPSIS methods which are multi-criteria decision making methods. In the study, IMF financial soundness indicators and 2018 data of deposit banks traded on Borsa Istanbul were used. In the first stage of the study, the weights of the criteria were determined using the Entropy method; then, the banks were ranked in terms of financial soundness with the TOPSIS method. As a result of the study, QNB Finansbank ranked first in terms of IMF financial strength indicators according to 2018 data. In second, Yapı ve Kredi Bankası A.Ş. took place.

Keywords: Financial Soundness Indicators; TOPSIS; Entropy (search for similar items in EconPapers)
JEL-codes: C44 G17 G21 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:36:y:2021:i:116:p:119-142

DOI: 10.33203/mfy.970497

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