Use casesFinancial institutions & fintech

Corporate credit memo and financial statement analysis

Analysts spread statements and write the memo by hand, in a fixed format, for every renewal.

Kinds of AI
SLMs
Who decides
Credit analyst
FIG. 1 · Spread and draft memoIllustrative
Corporate borrower, building materials · renewalSpread and draft memo

SLM · draft sections

  • met3. Financial analysis: 12 figures, all source-linkeddrafted
  • flagged4. Repayment capacity: interim not auditeddrafted
  • met6. Risks: foreign-currency debt vs. lira revenuedrafted
  • Figure check1 mismatchinventory in note 9 does not match the balance sheet line; sent to the analyst
  • SLM

Why a person decidesThe analyst edits and signs; the credit authority decides the loan.

DecidesCredit analyst

1. The desk

Today

  1. ReadAudited statements, interims, and notes arrive as PDFs and scans; the analyst retypes them into the spread template.
  2. WriteThe memo follows the bank's format section by section, and most of each renewal repeats last year's with new numbers.
  3. SignReviewers check figures against the PDF by hand before the analyst signs; a typo in a ratio can reach committee.

With the system

  1. ReadThe SLM spreads the statements into the bank's template, each line tied to its source and page; ratios and covenant tests are computed in code with the bank's own formulas.SLM
  2. WriteThe same SLM drafts each memo section in the bank's format with every figure linked to its source, and a self-check flags mismatches; the proposal is left to the analyst.SLM
  3. SignThe credit analyst opens the flagged figures, edits, and signs, as before; the credit authority decides the loan.Person decides

What lands on the desk

The analyst opens a spread and a memo draft in the bank's own format, each figure one click from its page in the statements and each ratio from the bank's own formula. Mismatches and unaudited figures are flagged, and the proposal is left to the analyst.

The analyst edits and signs the spread and the memo; the credit authority decides the loan. The model drafts only; it writes no proposal and no recommendation.

FIG. 2 · Spread and draft memoIllustrative
Corporate borrower, building materials · renewalSpread and draft memo

SLM · spread

  • PeriodsFY2025 audited · H1 2026 interim, unaudited
  • Net salesUp year on yearFS-2025 p.6 l.3

Code · ratios, the bank's formulas

  • EBITDA marginrule RT-02lower
  • Net debt / EBITDArule RT-05above last year
  • metDebt service cover: thinner headroomcovenant met

SLM · draft sections

  • met3. Financial analysis: 12 figures, all source-linkeddrafted
  • flagged4. Repayment capacity: interim not auditeddrafted
  • met6. Risks: foreign-currency debt vs. lira revenuedrafted
  • 7. Proposalleft to the analyst
  • Figure check1 mismatchinventory in note 9 does not match the balance sheet line; sent to the analyst
  • SLM
  • Code

Why a person decidesThe analyst edits and signs; the credit authority decides the loan.

DecidesCredit analyst

2. The system

For your technical team — skip it if you like.

How it works

In

  • Audited statements and notes
  • Interims and the auditor's report
  • PDFs or scans

  1. SLM · understands

    Statement spreading

    Schema-guided extraction into the bank's spread template

    Reads

    • Everything under In

    Out

    • Each line with source, page, and quote
    • Unaudited figures marked

  2. Code · calculates

    Ratio calculator

    The bank's own formulas, in deterministic code

    Reads

    • The spread
    • Last year's spread

    Out

    • Ratios and trends
    • Covenant tests
    • Computed in code, never by the model

  3. SLM · understands

    Memo drafting

    The same SLM: one task per section of the bank's format

    Reads

    • The spread and the ratios
    • Last year's memo
    • Notes

    Out

    • Company, group, financials, cash flow
    • Repayment capacity, collateral, risks
    • Every figure linked to its source

  4. SLM · understands

    Figure-to-source check

    The same SLM: a self-check pass over the draft

    Reads

    • The draft

    Out

    • Mismatches flagged for the analyst

  5. Decision

    Credit analyst

    Reads

    • The draft and its flags

    Out

    • The analyst edits and signs; the proposal section is left to the analyst

None: one SLM with fixed tasks, called from the bank's credit workflow, is enough: one kind of AI on its own, with no agent and no new machine-learning model.

How the models are trained and tested

Your expert writes the test first. A step the test does not need is skipped, and we say why.

Show the training steps

Small language model (SLM)

  1. Test set

    100–200 past memos and spreads graded by senior analysts before training: field-level spread accuracy, figure-to-source match, and section quality on a written rubric.

  2. Dataset

    Past statements paired with the analyst's final spread and the signed memo, with personal data removed.

  3. Continued pre-training (CPT)If needed

    On financial-reporting language (TFRS statements and notes, Turkish accounting terms), only if the base model fails vocabulary items on the test.

  4. Supervised fine-tuning (SFT)

    On spreading, and on each memo section in the bank's format.

  5. Reinforcement learning (RL)If needed

    Only with a checkable reward: every figure in the draft matches its cited source and the ratio calculator. Skipped if SFT already passes the test.

3. Value and conditions

Where the time goes, and what your institution will measure.

Where the value comes from

  1. Analyst hours per renewal.
  2. Fewer figure errors reaching committee.
  3. Consistent memos across analysts.

What your institution measures

  • Analyst hours per memo
  • Spread field accuracy
  • Figure-to-source mismatches caught before committee
  • How much analysts edit the drafts
  • Committee return rate
Published elsewhere
Moody's reports that Taishin Bank cut its credit report production time from 20 hours to 4.

Moody's, "How Taishin Bank used AI to amplify human expertise in credit analysis" · vendor-reported

Measured in the Decision Blueprint

A time study of 20–30 recent renewals sets the baseline; your institution sets the target, confirmed on held-out memos.

Conditions

The rules, the data, and the known error, with its guard.

  • On premises, under the banking regulator's (BDDK) rules and KVKK Art. 9.
  • Scanned statements need text-recognition (OCR) quality checks.
  • Over-reliance: the analyst must open the source of every flagged figure.
  • Unaudited figures are always labeled.

Start here

We time your analysts on recent renewals and test the spreading task on your own statements, scans included, before anything is built.

Request a Decision BlueprintWhat the Decision Blueprint covers
  • SLMs

    Request and complaint routing

    TodayThousands of messages a day land in one queue; misroutes miss legal deadlines.

    With the systemEach message routed to the desk that owns it; the model never closes one.

    Head of operations decides

  • ModelsSLMsAgentic AI

    SME credit referrals

    TodayReferred files wait while analysts rebuild the firm from four systems and last year's committee notes.

    With the systemOne file with the rating, its reasons, and the authority level.

    Credit manager decides

Equalize the gap.

Bring one decision. Leave knowing the first step.

A short description of the decision is enough; no confidential records.

Start with a Decision BlueprintTalk to the engineer

https://eqlx.ai/use-cases/corporate-credit-memo · Printed copy; the website is the current version.