The current study aimed to analyse the performance of development and investment banks operating in Turkey. Between group and within-group comparisons with public, private and foreign capital according to their ownership structures were conducted. ARAS-based performance evaluation of development and investment banks in Turkey over the period of 2010-2019 indicated that Diler Investment Bank Inc. and Merrill Lynch Investment Bank Inc. were at the top three; Turkish Sinai Development Bank Inc. with Aktif Investment Bank Inc. were found in the bottom three.
