Welcome to the February 2013 West Monroe Partners Banking Newsletter
The initial outlook for 2013 doesn’t appear much different from what we’ve been experiencing the past two years: increasing interest rate pressure, lending volume stagnation and rising costs remain constant factors, and roadblocks, for future success. Institutions continue to focus on growing and increasing bottom line profitability, and are looking outside of traditional lending to generate this growth.
Three major themes have emerged that are shaping the banking landscape early in 2013. Merger and strategic acquisition activity has gained momentum in the early part of this year, as evidenced by the volume of deal announcements and general activity in the market. Additionally, many executive teams and directors are continuing to focus on strategic capital expenditures to control costs and increase efficiency. At the same time, achieving revenue diversification by addressing fee income revenue streams across multiple lines of business is top of mind for middle market and community banks.
These themes are complex business opportunities, and no solution is one size fits all. Determining the right strategies and solutions to address these market conditions is a key factor to future success.
From differentiating the on-boarding process for Treasury Management to conducting a comprehensive due diligence program for strategic acquisitions, West Monroe helps our clients achieve their business objectives. In this newsletter, we share our insights on tackling the current industry trends that financial institutions and banking clients are facing around the globe.
We hope that you find these articles of interest, and would be happy to provide any additional information or assistance that you may need.
Additionally, as a strategic partner helping financial institutions solve their most pressing and complex business challenges, we at West Monroe invite you to participate in a short survey. This will help us to identify early trends in the market and provide relevant and timely information and services to our clients. This survey is completely anonymous and should take less than 5 minutes to complete. Please use the following link to participate in the survey: http://www.surveymonkey.com/s/WJVX2W3