This research offers a comprehensive examination of bank soundness using qualitative and quantitative analyses, such as Moody’s rating systems, CAMELS or CAMEL, Z-Score, prof-itability and others relying on available empirical studies, rating outlooks and reports. An ex-tensive assessment of collected data resulted in detailed analysis of quantitative methodolo-gies as well as the examination of the effectiveness of selected macroeconomic determinants to avoid the financial instability
