The recent economic downturn in the United States left many individuals and financial institutions reeling from financial losses and in some cases, expensive litigations. Many of these institutions are yet to recover from the 2007 economic crisis that started in the U.S but whose ripple effects were felt across the globe. In such difficult financial times, a bank with healthy growth, good profit margins, good asset investment, favorable liquidity ratio and financial statement is always a welcome reprieve. One such financial institution is Nexbank. The Dallas-based commercial bank offered stability in growth for decades despite the turbulence in the market.
Established in 1934, Nexbank is headquartered in Dallas, Texas. The bank offers commercial banking services, mortgages and other investment, capital and financial advisory services. One of the bank’s success factors is the ability to reduce non-performing assets with the view of increasing asset growth. This is critical in determining the bank’s value. The resulting asset value is crucial in attracting investors to the bank and keeping it afloat especially during financial and general economic instability. Currently, the bank’s asset value as of financial year ending 31st March, 2016 is 44 %, which by industry standards is relatively considered high.
The wise management of assets extends to different areas of operations including return on the bank’s equity and loans. This has enabled the bank to realize profits, a fete that many financial institutions have failed to achieve due to the afterglow of the recent turbulence in the U.S. economy and the global financial markets. Realization of profits for any company is a vital tool for gaining competitive advantage in a highly competitive market. It is also indicative of good management and stability. With that, Nexbank attracts investors. With the bank’s experienced management and highly qualified team, Nexbank has registered remarkable growth.
Nexbanks’ current president and co-founder, James Dondero, is an experienced portfolio manager with over twenty years experience in the banking industry. He has worked successfully with several corporations including American Express in addition to receiving training at JP Morgan.