According to the modern economic theory shareholder value maximization should be an integral goal for any company, including banks. The goal of the Doctoral Dissertation is to develop an alternative model for measuring bank value based on the analysis of performance of Latvian banks and on the results of studying the concept of bank value, as well as to make suggestions for improvement value management in banking. The Doctoral Dissertation comprises an introduction, four chapters, conclusions and proposals, and bibliography with 217 reference sources; it has been illustrated by 67 figures, 65 tables, and 17 formulas. The volume of the Dissertation is 180 pages, not including 28 annexes. In the first chapter “Conceptual framework of bank value” the author, based on the analysis of development and investment attractiveness of Latvian banking sector, proves the topicality of value management issues in Latvian banking sphere. In order to detect the factors affecting bank value, research was conducted which yielded the model of the concept of bank value. In the second chapter „Issues and peculiarities of measuring bank value” the author examines the specific features of the process of measuring bank value and evaluates the potential of application of the company valuation methods for determination of the value of Latvian banks. The peculiarities of the calculation of the cost of equity in the Latvian market are emphasized. In the third chapter „Model for measuring bank value” the results of empirical research are reflected. Based on the analysis of the performance of European and Latvian banks, multifactor linear regression models for measuring bank value are developed. In the fourth chapter „Studying the improvement of value management in banks” the factors affecting bank value are analyzed. The instruments for value management improvement in order to maximize it are suggested. The issues of determination and enhancing of the satisfaction level of bank retail customers, as well as opportunities of improvement of the bank performance measurement system, are in the focus. In the final chapter of the Dissertation the most important conclusions and proposals obtained during the research work are summarized.