4 Data analysis and Results
The comparative analysis of Banks for every year of the study (2006-2012), based on CAMELS ratios is presented in the tables of the Appendix. The classification of the banks in the period under consideration according to the results of the comparative analysis is presented in the following table 1. The verification of the place of each bank is also explained in the following section. The panel data analysis is followed in order to verify or reject the CAMELS ratios.