How to value a bank : from licensing to resolution / Alessandro Santoni, Federico Salerno.
Santoni, Alessandro, author.; Salerno, Federico, author.
2023
HG1707.7
Available Online

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Title How to value a bank : from licensing to resolution / Alessandro Santoni, Federico Salerno.
Author Santoni, Alessandro, author.
ISBN 9783031438721 (electronic bk.)
3031438728 (electronic bk.)
9783031438714
303143871X
DOI https://doi.org/10.1007/978-3-031-43872-1
Published Cham : Springer, [2023]
Copyright ©2023
Language English
Description 1 online resource (xvi, 115 pages) : illustrations (some color).
Other Standard Identifiers 10.1007/978-3-031-43872-1 doi
Call Number HG1707.7
Dewey Decimal Classification 332.1068/1
Summary 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.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed December 8, 2023).
Added Author Salerno, Federico, author.
Series Springer texts in business and economics. 2192-4341
Available in Other Form Print version: 9783031438714
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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.

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