Turnaround and recovery management

More about the book

Apart from the existing risks of a corporate crisis, there subsist several chances for banks to facilitate the organization in crisis through specific turnaround actions and to achieve the turnaround as well as to restore the competitiveness of this company. Consequently, credit institutions have the possibility to generate a bilateral success for themselves and for their corporate client. Through a successful turnaround they minimize their credit default risks and the loan loss allowances. Moreover, the business of the corporate client is successfully turned around with the help of a potential financial partner.