57 Therefore, Bank managers are advised to give due attention to those variables to improve profitability. The current study uses only some representative financial ratios from factors of the CAMEL model, the financial ratios included in the research may not exhaustive and enough to evaluate the bank’s Capital adequacy, asset quality, earning ability and liquidity. Therefore future researcher is recommended to consider additional financial ratios. The CAMEL model is useful rating tools for banking sectors, However, the tool can be equally be applicable to other related financial institution Like Micro Finance Institution and Insurance Companies. Thus, future research is recommended to use the CAMEL model for such kind of institution. Furthermore bank performance is now a day’s seen from the perspective of economic value added (EVA) in addition to the usual ROA and ROE measures. The CAMEL model has also the sixth dimension referred as sensitivity to the market. Therefore, future research would make relevant contribution if it considers those two developments into the research the model i.e. EVA to measure bank performance and sensitivity to the market as the sixth dimension of the CAMEL model.