Services to Financial Institutions
The following engagements are representative of our services to financial institutions.
Internet Bank. Following major loan delinquencies, charge-offs and sizable operating losses, the client bank operated under a formal agreement with its primary regulator, the Office of the Comptroller of the Currency (OCC). One of our principals was engaged as interim CEO while another principal assisted on a consulting basis. Over a 1½-year period, strategies were developed and implemented for selling the bank, selling problem loan portfolios, reducing operating expenses and achieving regulatory compliance.
$2.5 Billion Commercial Bank. Before joining Bank Experts, two principals were part of a new senior management team brought in to turn around a bank operating under a formal agreement with the OCC following a $100 million loss representing half of capital. The new management team developed and implemented turnaround plans that addressed nonperforming assets and provided for extensive restructuring of the bank. Over a 2½-year period, market share declines were reversed, nonperforming assets were reduced substantially, and satisfactory asset quality and capitalization ratios were achieved. In its final year before purchase by a major regional bank, pretax ROE of 18% was achieved and the formal agreement with the OCC was released in its entirety.
Largest Commercial Bank in Korea. Two Bank Experts principals completed a two-year engagement to train 250 senior bankers in the corporate banking division of a Korean bank with assets of $85 billion. The objective was to improve the bank’s market reputation and competitive position by further developing the expertise of its officers in corporate finance, valuations, securitization/structured finance, derivative applications, FX and credit evaluation.
Major Russian Commercial Bank. A Bank Experts principal helped one of Russia’s largest banks design and implement a risk management strategy to assure maintenance of a sound financial condition and improve its competitive position.
Largest Saudi Arabian Commercial Bank. Over a five-year engagement, a Bank Experts principal helped the bank refocus its marketing strategies and make needed improvements in loan policies and procedures, expense management, staffing levels and revenue balance between interest-differential and fee income sources.