Voya Investment Management And The Illinois Bankers Association Enter Into A Preferred Vendor Agreement To Provide Illinois And Other Community Banks A Commercial And Industrial Loan Acquisition And Risk Management Program
Portfolio Pulse from Happy Mohamed
Voya Investment Management and the Illinois Bankers Association (IBA) have entered into a partnership to provide a commercial and industrial loan acquisition and risk management program. The program, known as the Voya Senior Loan Advisory Program, aims to help community and regional banking commercial credit professionals build portfolios of senior secured commercial and industrial loans. The program also offers education and mentoring to banks on the implementation and monitoring of compliant portfolios.
July 24, 2023 | 1:20 pm
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POSITIVE IMPACT
Voya Financial's asset management business, Voya Investment Management, has entered into a partnership with the Illinois Bankers Association. This could potentially increase Voya's market presence and revenue.
The partnership with the Illinois Bankers Association could potentially increase Voya's market presence and revenue by providing a new service to community and regional banks. This could lead to an increase in Voya's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100