The Turkish banking sector, which operates with the aim of profitability, faces some risks due to the pressure of both its internal and external dynamics, because of Turkey's geographical and political conjuncture and it being a developing country, has limited capital possibilities. In this study, two risks which are indicator of stability and existence of banks are mentioned: liquidity and credit risk. The internal and external variables which are affecting these risks are examined and variables that could be shown as early warning system are revealed. The impact of internal and external variables of 16 banks which are traded between 2009-2016 on these two risk variables are measured by the Dynamic Panel Data Model-Arellano-Bond GMM estimation method. The results show that liquidity risk variable might be more affected by the rapid changes in macroeconomic variables, whereas credit risk might be more affected by internal variables