Strategic Partner Programs For Banks
In the current economy more and more middle market clients are being turned down when looking for equipment lease financing. New credit regulations present challenges that many banks are unable to overcome. Mazuma Capital Corp is the solution for these challenges.
Mazuma Capital Corp Capital invites you to take part in our exclusive Strategic Partner Program.
By forging a strategic partnership we will integrate our services as an extension of your current offerings. Mazuma Capital Corp will carry the risk that you currently cannot, greatly benefiting you and your clients while maximizing innovative solutions.
This will allow you to enter the leasing arena (or offer additional services if you already offer leasing) with ease and expertise. You can offer customized leasing products to your clients and prospective clients with instant credibility. Mazuma Capital Corp is a leader in best practices when it comes to lease structuring, documentation, syndication and sales.
For loan applications requesting loan amounts or other terms that are outside your traditional parameters, Mazuma Capital Corp offers innovative flexible solutions that meet the budgetary needs and goals of your clients, making you a turnkey service provider.
Allow our team of experts to work with you to create a comprehensive approach to extend additional financing solutions to your clients. Together we can deliver leasing solutions that fit your client’s needs.
Mazuma Capital Corp Role: We will manage the entire leasing and financing process. We will assist your commercial bankers in meeting the capital equipment financing needs of clients seamlessly.
Bank Role: You will promote capital equipment financing to your clients and prospective clients and manage the overall banking relationship.
Strategic Partner Program Options:
White Label Solution:Mazuma Capital Corp works as private provider of services under partner. How it works- You submit application on behalf of your client and are main point of contact throughout the financing process with Mazuma Capital Corp.
Under your name or under Mazuma Capital Corp products and services will be provided. Either way Mazuma Capital Corp protects the relationships you have fostered with your clients.
Key Features: Financing programs are offered under your brand. All client materials are provided under this brand. This may include, but is not limited to: Marketing and Collateral Materials, Communications and Documents.
Turnkey Service Provider:Mazuma Capital Corp works directly with customer as an extension of services provided through partner. How it works- Your customer submits an application; you are then contacted via emailed informing you that your customer submitted an application. Depending on your desired level of involvement we CC you and/or your designated contact on all email correspondence with your customer, so you are up-to-date at all times.
Vendor Programs:Whether you currently offer leasing products or not Mazuma Capital Corp can tailor additional solutions. Mazuma Capital can work with you to provide vendor (manufacturers, dealers, distributors and resellers) financing programs. We will work with you to support your commercial bankers’ efforts, enhance existing relationships and cross-sell additional banking products.
This will help you offer products that serve the needs of existing and/or prospective vendor customers. The services will be an extension of your bank solidifying your relationships, generate new loans, develop new banking relationships and add to the bottom line.
Alternative Financing Solutions: Mazuma Capital Corp works with you to incorporate you as a funding source for transactions that fit your banks lending criteria.
Mazuma Capital Corp works with you to determine your parameters for funding Mazuma Capital Corp transactions. Mazuma Capital submits credit application for transactions that meet your banks criteria and work with your bank to seemlessly meet the goals of our clients.
Key Features: Mazuma Capital Corp helps build your loan portfolio’s. Your bank becomes a key funding partner with Mazuma Capital Corp.
For more information please contact us at partners@mazumacapital.com
For the latest industry news and trends follow our Mazuma Capital Partner Blog
Equipment Lease Financing News. Building sound business relationships by delivering on our commitments. Mazumacapital.com (801) 816 0800
Showing posts with label banking requirements. Show all posts
Showing posts with label banking requirements. Show all posts
Monday, March 7, 2011
Friday, November 5, 2010
Fed is Poised to Allow Healthy Banks to Increase Dividend Payments
The Federal Reserve is poised to allow healthy banks to increase dividend payments for the first time since the financial crisis, an anxiously awaited set of instructions that could provide a boost to bank stocks.
According to people familiar with the matter, regulators as soon as next week are expected to give guidance outlining the standards banks must meet to increase dividend payments. The Fed is expected to take a conservative approach that would require banks to demonstrate their ability to meet tough new international capital standards and any requirements stemming from the U.S. financial-regulatory overhaul.
Many U.S. banks are itching to boost payments to shareholders, citing improved profits, because they have long relied on a steady stream of dividends to lure investors. But they have been in a holding pattern as regulators across the globe hashed out new rules requiring banks to hold more capital as a buffer against future losses. Moreover, in the wake of the crisis, regulators have closely scrutinized banks' use of capital, essentially freezing their ability to increase dividends.
The Fed isn't expected to approve dividend payments en masse but will look at an individual institution's ability to meet the criteria it outlines, according to people familiar with the matter. It is likely, however, to give approvals in batches within the same quarter, to avoid putting any one firm at a competitive disadvantage.
A big part of the Fed's thinking are lessons learned from Japan, where prolonged uncertainty about the health of Japanese banks stymied that country's economic recovery. Regulators want healthy banks to get credit from the markets for increasing their capital bases.
Some banking analysts said allowing firms to increase dividends would telegraph to the markets that the financial sector is continuing to stabilize. "It signals that the health of the system has improved and will continue to improve going forward," said Todd Hagerman, an analyst with Collins Stewart.
While the banks were waiting for the green light to restore their payouts, other companies have been boosting dividends in recent months, making their shares more attractive, especially given the slow growth in the economy. Financials on average yielded 4.4% in 2008, making them one of the highest-yielding sectors, according to Standard & Poor's. Now they yield 1.1%, making them the second-lowest yielding sector in the market, according to S&P.
In Washington, increasing dividends could arouse the ire of lawmakers and the White House, which has complained that banks aren't lending enough. KBW's Mr. Cannon said increased payouts shouldn't crimp lending because banks are "sitting on plenty of excess liquidity."
According to people familiar with the matter, regulators as soon as next week are expected to give guidance outlining the standards banks must meet to increase dividend payments. The Fed is expected to take a conservative approach that would require banks to demonstrate their ability to meet tough new international capital standards and any requirements stemming from the U.S. financial-regulatory overhaul.
Many U.S. banks are itching to boost payments to shareholders, citing improved profits, because they have long relied on a steady stream of dividends to lure investors. But they have been in a holding pattern as regulators across the globe hashed out new rules requiring banks to hold more capital as a buffer against future losses. Moreover, in the wake of the crisis, regulators have closely scrutinized banks' use of capital, essentially freezing their ability to increase dividends.
The Fed isn't expected to approve dividend payments en masse but will look at an individual institution's ability to meet the criteria it outlines, according to people familiar with the matter. It is likely, however, to give approvals in batches within the same quarter, to avoid putting any one firm at a competitive disadvantage.
A big part of the Fed's thinking are lessons learned from Japan, where prolonged uncertainty about the health of Japanese banks stymied that country's economic recovery. Regulators want healthy banks to get credit from the markets for increasing their capital bases.
Some banking analysts said allowing firms to increase dividends would telegraph to the markets that the financial sector is continuing to stabilize. "It signals that the health of the system has improved and will continue to improve going forward," said Todd Hagerman, an analyst with Collins Stewart.
Wells Fargo & Co. Chief Financial Officer Howard Atkins said Thursday that returning capital to investors is a "high priority" for the fourth-largest U.S. bank in assets once regulators approve doing so.
Wells Fargo shrank its quarterly payout by 85% last year. Citigroup Inc. hasn't paid a quarterly dividend since February 2009. Regulators allowed J.P. Morgan Chase & Co., Goldman Sachs Group Inc. and some other financial firms to buy back their own stock recently, suggesting federal officials were softening their resistance to dividend increases.
James Dimon, CEO of J.P. Morgan Chase, said recently on an earnings conference call that he hoped the bank could boost dividend payments in the first quarter of 2011.
Dividend payments are especially important for banks now that the financial industry's outlook is clouded by the sluggish economy, toughened regulation and looming capital requirements. Despite rebounding profits, a big-bank stock index from Keefe, Bruyette & Woods Inc. is up 11.6% so far this year after Thursday's rally, surpassing the Dow Jones Industrial Average's gain of 9.7%.While the banks were waiting for the green light to restore their payouts, other companies have been boosting dividends in recent months, making their shares more attractive, especially given the slow growth in the economy. Financials on average yielded 4.4% in 2008, making them one of the highest-yielding sectors, according to Standard & Poor's. Now they yield 1.1%, making them the second-lowest yielding sector in the market, according to S&P.
Only a handful of banks are expected to meet the Fed's test, said Frederick Cannon, co-director of research at KBW. Among those with strong enough capital ratios are J.P. Morgan Chase, US Bancorp, State Street Corp. and Bank of New York Mellon Corp., he said.
Banks, nonetheless, are unlikely to return to precrisis payout ratios, which in some cases reached 50% of earnings. Analysts said banks are more likely to return to 5% to 10% levels for the near future.In Washington, increasing dividends could arouse the ire of lawmakers and the White House, which has complained that banks aren't lending enough. KBW's Mr. Cannon said increased payouts shouldn't crimp lending because banks are "sitting on plenty of excess liquidity."
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