Bank crises and imbalances are not a new phenomenon and they occur on a regular basis in the finance sector. Two of the main causes of these crises are credit risk and management errors.
In our experience, it is necessary to develop an integrated concept - supported by immediate flanking measures - in order to restructure a financially mismanaged bank.
We believe that successful turnaround management requires a consistent focus on five factors of success:
- Commitment of the executive management
- Creation of transparency on what caused the crisis and the future outlook
- Development of a vision and a future concept
- Speed
- Consistent monitoring of implementation progress
zeb/ supports banks and savings banks in restructuring projects and elaborates a platform for successful turnaround with the management:
- Implementation of immediate measures
- Evaluation of the situation
- Development of an integrated restructuring concept
- Deduction of business plans and schedules of measures
- Development of a restructuring control concept
- Support during the implementation of measures