This study aims to predict the bankruptcy of private banks by adopting Altman Z-score's model. The financial position of these banks had been classified into three zones: safe zone, gray zone, and distress zone. Five of the famous private banks were selected that achieved the research objectives. The most important result of this study is to determine the financial position of these private banks that are located in the failure zone and financial hardship area. A major suggestion is needed to apply the Altman Z-score's models to avoid and reduce financial risks. It also contributes to identifying the weaknesses and strengths of the bank's financial position. As it assists bank managers in solving these problems in time.