Overcoming Budget Season Challenges ? Tips You Can Take to the Bank
Strategic, long-range plans that align with tactical budgets and regular reforecasts can help U.S. banks, credit unions, and other financial institutions prepare for tight margins and an uncertain economic climate. With budget season upon us, let?s take a close look at four common planning challenges and proven best practices to address them:
1.
Effective Balance Sheet and Margin Planning
Challenge: Financial institutions spend too much time planning for non-interest income and expense items (e.g. operating expenses, capital expenditures, and salaries), and too little time on balance sheet growth, rates, and spreads ? the items that generate over two-thirds of net interest income.*
Strategies to improve forecasting of net interest income driv...
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