One of the most important concerns in privatization of governmental banks is to see whether there is any change on the performance of the privatized banks or not. The proposed study of this paper performs an empirical investigation on some privatized banks. In our study, we measure two well-known financial figures including return on assets and return on equity two years before and after privatization program. The proposed study uses non-parametric analysis to perform the investigation. The results indicate that there is a meaningful difference between the performance of these banks before and after privatization.

Samadi, M.T. (2012). Measuring the performance of privatized banks in Iran.Management Science Letters, 2(4), 1103-1108.

Beck, T., Crivelli, J.M., & Summer hill, W. (2005a). State bank transformation in Brazil – Choices and consequences. Journal of Banking and Finance, 29, 2223–2257.

Beck, T., Cull, R., & Jerome, A. (2005b). Bank privatization and performance: Empirical evidence from Nigeria. Journal of Banking and Finance, 29, 2355–2379.

Berger, A., Clarke, G.R.G., Cull, R., Klapper, L., & Udell, G.F. (2005). Corporate governance and bank performance: A joint analysis of the static, selection, and dynamic effects of domestic, foreign, and state ownership. Journal of Banking and Finance, 29, 2179–2221.

Bonin, J.P., Hasan, I., & Wachtel, P. (2005a). Bank performance, efficiency and ownership in transition countries. Journal of Banking and Finance, 29, 31–53.

Bonin, J.P., Hasan, I., & Wachtel, P. (2005b). Privatization matters: Bank efficiency in transition countries. Journal of Banking and Finance, 29, 2155–2178.

Boubakri, N., Cosset, J., Fischer, K., & Guedhami, O. (2005). Privatization and bank performance in developing countries. Journal of Banking and Finance, 29, 2015–2041.

Clarke, G.R.G., Cull, R., & Shirley, M.M. (2005). Bank privatization in developing countries: A summary of lessons and findings. Journal of Banking and Finance, 29, 1905–1930.

Classens, S., & Peters, R.K. (1997). State enterprise performance and soft budget constraints. Economics of Transition, 5, 305–322.

Demsetz, H., & Villalonga, B. (2001). Ownership Structure and Corporate Performance. Journal of Corporate Finance 2001, 7, 209-233.

Drakos, K. (2002). The efficiency of the banking sector in Central and Eastern Europe. Russian and East European Finance and Trade, 38, 31–43.

Grigorian, D., & Manole, V. (2002). Determinants of commercial bank performance in transition: An application of data envelopment analysis. World Bank Policy Research Working Paper 2850, June.Li, Y. (1998). The economic prospect for 1999–2000. Speech at Peking University.Nakane, M., & Weintraub, D. (2005). Bank privatization and productivity: Evidence from Brazil. Journal of Banking and Finance, 29, 2259–2289.

Sapienza, P. (2004). The effects of government ownership on bank lending. Journal of Financial Economics, 72, 357–385.