What is Ability to Pay Short-Term Liabilities

The success of organizations is evaluated by measuring performance. This chapter examines the financial performance of banks in Azerbaijan. The analysis was carried out using the SECA method, based on the information obtained from the official websites of 23 banks operating in Azerbaijan in 2022. The SECA method is a multiple-decision method in which performance evaluation and the weighting of the decision criteria are determined simultaneously. Indicators of liquidity, capital adequacy, and profitability are used as decision criteria. Despite the growing number of studies on performance measurement, there is still a gap in the application of multiple decision-making methods in the banking sector. This chapter is structured as follows: Initially, literature related to the banking sector in Azerbaijan and SECA analysis is presented. Subsequently, the methodology employed in the SECA method is elucidated. Following this, there is an examination of the financial performance of banks operating in Azerbaijan. Finally, the study's findings are assessed by drawing on relevant literature.