Özet:
The current study aims to compare the performance of state participation banks with the performance of private participation banks. This comparison is quite significant since both state participation banks have a very short
history and Turkey is a model for the world in interest-free banking. The integrated approach is adopted in the study. In the first stage, performance indicators are determined with the help of the CAMELS rating system. In the
second stage, Turkish participation banks are ranked according to their relative performance by using the TOPSIS method. The results show that state participation banks outperform private participation banks. These results are valid even when different weights are used for CAMELS dimensions.
