Evaluation of the Financial Performance Level of Jumhouria Bank Using the Bankometer Model

Abstract

The study aims to verify the suitability of the Bankometer S-Score model in evaluating the financial performance of Jumhouria Bank during the period from 2020 to 2023. The research concluded that the Bankometer model can be adopted to assess financial performance in Libyan banking institutions, due to the availability of the necessary financial data required to calculate the model's indicators within the financial statements of Libyan commercial banks. Furthermore, the results showed that the bank's S-Score reached (67), placing the bank's evaluation in the 'Gray Zone', which indicates a state of financial distress".