Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until 2022, this impact was reduced by linking the...

This book criticizes the fact that profitability measures derived from capital market models such as the Sharpe ratio and the reward-to-VaR ratio are proposed for loan portfolios, although it is not proven whether their risk-return trade-offs are optimal for banks. The authors demonstrate that...

Banking and real estate: a difficult relationship -- Real estate strategy for banks: not an oxymoron -- Credit work out and real estate management in the digital age -- Data management: NPL assessment in a digital world -- Optimal NPL value management: strategy, governance, organization -- Case...