FMI7e_ch20Bank Performance(金融市场好机构—7e, by Jeff Madura)).pdf

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FMI7e_ch20Bank Performance(金融市场好机构—7e, by Jeff Madura)).pdf

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Chapter 20 Bank Performance Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 1 Chapter Outline Valuation of a commercial bank  Performance evaluation of banks  Risk evaluation of banks  How to evaluate a bank’s performance  Bank failures 2 Valuation of a Commercial Bank  The value of a commercial bank is the present value of its future cash flows: n E(CF ) V  t t t 1 (1k )  The value should change in response to changes in its expected cash flows and to changes in the required rate of return:   V f E CF k ( ),  - 3 Valuation of a Commercial Bank (cont’d)  Factors that affect cash flows E(CF) f (ECON,R ,INDUS,MANAB) f  - ?  Change in economic growth  During periods of strong economic growth:  Loan demand is higher  Commercial banks provide more loans  Demand for other bank products tends to be higher  Fewer loan defaults occur  Expected cash flows should be higher 4 Valuation of a Commercial Bank (cont’d)  Factors that