Assessing the Banking Sector of Bosnia and Herzegovina: An Analysis of Financial Indicators through the MEREC and MARCOS Methods

Zoran Mastilo · Anđelka Štilić · Dejan Gligović · Adis Puška

48 citations0/0 files storedJournal of Central Banking Theory and Practice

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Banking Sector Performance and Management Banking stability, regulation, efficiency Multi-Criteria Decision Making

Abstract

Abstract The banking sector assumes a pivotal role in the economic development of nations. The assessment of financial indicators pertaining to banks holds fundamental importance in the evaluation of bank stability and sustainability. This research employs the MEREC (Method based on the Removal Effects of Criteria) and MARCOS (Measurement of Alternatives and Ranking according to COmpromise Solution) methodologies to delve deeper into the financial landscape of the banking sector in Bosnia and Herzegovina (BiH). Specifically, the objective is to rank banks according to their financial indicators, utilizing financial data from the year 2022. The MEREC method is applied to gauge the significance of financial indicators and ascertain their respective weights, while the MARCOS method is employed to rank banks within BiH based on their financial indicators. The examination of financial indicators within the BiH banking sector, facilitated by the MEREC and MARCOS methodologies, yields a more comprehensive understanding of the sector’s present condition. Limitations of this research, which primarily stem from its reliance on available financial data and predefined methodologies, lies within limited consideration for external factors. To provide a broader contextual perspective, the inclusion of additional financial indicators and comparative analyses with banking sectors of other nations would be imperative. The findings of this research reveal that Raiffeisen Bank exhibits the most favourable financial indicators and demonstrates the highest level of efficiency within this context. Consequently, this research offers insights into identifying exemplary banks that can serve as models for enhancing the performance of others.

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References

2019Sustainable supplier selection in healthcare industries using a new MCDM method: Measurement of alternatives and ranking according to COmpromise solution (MARCOS)2021Determination of Objective Weights Using a New Method Based on the Removal Effects of Criteria (MEREC)2020Can fintech improve the efficiency of commercial banks? —An analysis based on big data 2021The relationship between environmental, social, and financial performance in the banking sector: A European study 2021Riding the FinTech innovation wave: FinTech, patents and bank performance 2021Do ESG strategies enhance bank stability during financial turmoil? Evidence from Europe 2019Financial inclusion and its impact on financial efficiency and sustainability: Empirical evidence from Asia 2021Effects of service quality and customer satisfaction on loyalty of bank customers

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