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How to value a bank = from licensing to resolution /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	How to value a bank/ by Alessandro Santoni, Federico Salerno.
其他題名:	from licensing to resolution /
作者:	Santoni, Alessandro.
其他作者:	Salerno, Federico.
出版者:	Cham :Springer International Publishing : : 2023.,
面頁冊數:	xvi, 115 p. :illustrations (some col.), digital ; : 24 cm.;
Contained By:	Springer Nature eBook
標題:	Banks and banking - Valuation. -
電子資源:	https://doi.org/10.1007/978-3-031-43872-1
ISBN:	9783031438721

How to value a bank = from licensing to resolution /
Santoni, Alessandro.

How to value a bankfrom licensing to resolution /[electronic resource] :by Alessandro Santoni, Federico Salerno. - Cham :Springer International Publishing :2023. - xvi, 115 p. :illustrations (some col.), digital ;24 cm. - Springer texts in business and economics,2192-4341. - Springer texts in business and economics..

Chapter 1. Introduction -- Chapter 2. Main Features of the Banking Business Model -- Chapter 3. Valuing a Bank in Going Concern -- Chapter 4. Banks M&a: Strategy and Valuation -- Chapter 5. Valuation in Resolution -- Chapter 6. Valuation in Liquidation -- Chapter 7. Loan Valuation -- Chapter 8. Financial Assets Valuation -- Chapter 9. Solvent Wind Down.

This book gives an overview of the most common techniques used by analysts and experts to assess and value banks in all phases of a Bank's life, from licensing to resolution. These include licensing procedures, going concern market valuation techniques, liquidation, and resolution methodologies. The author sheds light on financial institutions' reporting and financial statements and explains how to interpret the data. Special attention is given to the different valuation approaches for financial institutions ranging from the basic PE and PBV methodologies to the more sophisticated ones such Discount cash flow (DCF), Dividend discount model (DDM), excess return models (EVA), and their variant, the warranted equity value (WEV) method. The authors also illustrate how to build a sum-of-the-parts model (SOTP) and how to treat capital in the process as well as developing a bottom-up approach for the cost of equity. The book provides numerous real-world examples which will hopefully help practitioners build their own MS Excel models. Furthermore, this publication investigates some of the critical aspects of banking M&A and its valuation implications. This book also takes a deep dive into valuation for Banks in gone concern status, describing the basis for three different types of valuation of Banks in resolution: to inform a decision on whether to put a bank into resolution; to inform the choice of resolution tools and the extent of any bail-in of liabilities; and to determine whether any creditors would have been better off had the bank gone into insolvency. Special attention is given to the valuation of non-performing loans (NPLs) and financial assets focusing on some operational aspects of winding-down a bank's loan and trading book portfolio.

ISBN: 9783031438721

Standard No.: 10.1007/978-3-031-43872-1doiSubjects--Topical Terms:

839222
Banks and banking
--Valuation.

LC Class. No.: HG1707.7

Dewey Class. No.: 332.10681

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