This study aimed to assess the behavior of selected "peer banks" in the light of the tri-dimensional tests consisting of liquidity, investment performance and capital adequacy and likewise look into the executive perceptions of the three dimensional tests. It is limited to the period from 1986 to the year 1988. Data of previous years were used as points of comparison. This study sought to answer the following problems: (1) What are peer banks and what are their characteristics? (2) How do the peer banks differ in terms of their characteristics? (3) How do the individual peer banks differ in terms of the tri-dimensional tests: liquidity, capital adequacy and investment performance and (4) How did the executives of the peer banks perceived the tri-dimensional tests: liquidity, capital adequacy and investment performance. Results of this study will generate materials that may be used by the Central Bank in the formulation of policies applicable to the three dimensional tests.