My Dog Creatives Games

evaluation of a bank

Reasons to conduct an assessment of a bank:

• Expertise conguration
• independent expert report
• reasonable exchange ratio
  
• Merger Acquisition
• Subscribing to budget (impairment test)
• Privatization
Quote
• Managing critical situations
• Management of regulatory capital
• Hybrid instruments for funding the compensation based in part on equity kicker
• What is the performance of these tools? Depends on the value of the value of the company.
• NB: Shareholders' equity other than regulatory capital
• Trading
• management of convertible bonds
• CDS
• "Governance"

Choice of method

• final evaluation
• Perspective / position assumed by the evaluator

What is a bank?

• Collection funds from the public in the form of deposits and lending.
• DL September 1, 1993, No 385
  
• collected through debt instruments repayable on demand
• Definition obsolete: the banks are highly concentrated and diverse organizations.

eg XYZ Bank Collects 100

• C / C, CD, P / T: 60
• Bonds: 20
• Equity: 20
  

employs 100

• 2: Reserve
• 20: real estate and real assets
• 28: Titles
• 50: Credit

Both the active and passive sources of income are and production of value:

• C / C
• Security and storage of money
• access to the payment system
• Reputation (credit card gold / platinum prestige of the bank)
• track record for granting Credit Rating
  

goodwill of the bank:

• multiple collection
• multiple of assets under management

type branches: the quotient of lending collection

• \u0026lt;1: Branch collection
• > 1 : branch use

type of banks: Banks

• Credit
• Mediocredito, Centrobanca, ICS (Educational Institutions under the special credit)
• We finance at market rates: collection activity does not generate value
• Banks collection:
• generate value through the collection of deposits low-cost service
• Banks:
• Investment Services Banks
• management:
• network of financial services to private banking
• Ex Mediolanum, Banca Generali, Fideuram
• Banks investment (merchant banks, not investment banks)
• participation in investment activities
• es. Mediobanca

features a multi-bank

• Company ASA, multi-product
• significant economies of scale and joint cost (you can not make a profit or loss for each ASA)
• heterogeneity: different sources
• to generate profitable
• different value drivers
  

So: Complexity and discretion of the evaluation process!