PHILADELPHIA, Nov. 1, 2018 /CNW/ -- The Risk Management Association's (RMA) Statement Studies Submission Campaign, which began in April 2018 and closed in August 2018, is set to release its new data today. The data, derived from the financial statements of small and medium-size financial institutions' commercial loan customers, provides the only source of composite metrics on all lines of business and is available for performing business valuations on prospective businesses and industries.
The 2018-2019 Annual Statement Studies features 796 industries, compiled from more than 260,000 financial statements voluntarily submitted by 199 RMA institutional members.
RMA's flagship benchmarking data reports will help businesses make more informed decisions in less time; shows clients that you understand their business better than your competitors; evaluates your clients' strengths and weaknesses more accurately; and performs immediate benchmarking with the simple-to-use format. It has been a staple in credit decision making for nearly 99 years.
Participants in the program receive a complimentary copy of the Annual Statement Studies books, or eStatement Studies access, and join their peers in creating a resource that is heavily relied upon in the financial lending industry and business valuation.
If you are an RMA member institution and interested in becoming a contributor, additional information on RMA's Annual Statement Studies Program can be obtained by contacting RMA at [email protected] or by visiting https://www.rmahq.org/annual-statement-studies/.
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 2,500 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 18,000 individuals located throughout North America, Europe, Australia and Asia/Pacific.
SOURCE RMA - The Risk Management Association