BANKING VALUATION
Année du cours : 1 année(s)
Etablissement : IÉSEG School of Management
Langue : English
Formation(s) dans laquelle/lesquelles le cours apparait :
Période : S2
*Prerequisite: FUNDAMENTALS OF BANKING
*Non-required but beneficial: Banking and Financial Regulation (Master course offered by the Finance track)
At the end of the course, the student should be able to:
– Understand the relationship between banks and the economy as a whole
– Understand and build a bank’s P&L based on various ratios
– Understand banks regulation and how it impacts banks earnings and profitability
– Value banks based on various valuation methodologies: price to earnings ratio, price to book value multiple, Sum-of-the parts, dividend yield, implied cost of equity
Model merger synergies
*What is the role of banks in the economy
*Why regulators and governments care so much about banks
*What does the balance sheet of a bank look like and how a bank makes money
*Basel 1, 2, 3 and 4. Capital stack and the bail-in directive
*Liquidity ratios
*Valuing banks
*Consolidation
