How to value a bank : from licensing to resolution / Alessandro Santoni, Federico Salerno.

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How to value a bank : from licensing to resolution / Alessandro Santoni, Federico Salerno.

9783031438721 (electronic bk.)
3031438728 (electronic bk.)
9783031438714
303143871X

Cham : Springer, [2023]

©2023

English

1 online resource (xvi, 115 pages) : illustrations (some color).

10.1007/978-3-031-43872-1 doi

HG1707.7

332.1068/1

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.

Includes bibliographical references.

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Online resource; title from PDF title page (SpringerLink, viewed December 8, 2023).

Springer texts in business and economics.

Print version: 9783031438714

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