Improving the financial performance of banks using the optimization methodology

Abstract

Due to the intense competition witnessed by the financial environment in general and banks in particular as a result of the rapid developments and changes in the technologies used to perform banking activity, this led to the pursuit of those banks to continuously improve their performance by introducing modern means in their financial environment and using the best methods that would ensure the continuity of Those banks and their survival to achieve their goals.                                                                         

The research aimed to demonstrate the continuous improvement methodology with its four dimensions (planning, implementation, control, application) and the extent to which it can be used in developing the financial performance of the Middle East Bank listed on the Iraq Stock Exchange. The research sample was the Middle East Investment Bank, and the time period was (2017-2021), as for the research method focused on the analytical descriptive approach, the researcher concluded from the analysis of the bank's performance that there are indications in the use of the continuous improvement methodology in their activity through planning the bank's accounts and implementing what is planned in different proportions and then evaluating and auditing the chart with the port to reach the causes of deviations Whether positive or negative, the most important recommendations were the necessity of adopting the continuous improvement technique in the bank's performance correctly for the revenue and expenditure accounts.