The process of valuing companies is a complex task that is based on fact, but also borderline with fortune-telling in some segments and is challenging because of that, but also fun. All financial institutions, especially banks are by their business nature specific in comparison to other economic entities. Consequently, bank valuation methods are therefore specific. The reason why the author chose this topic is that he has not come across any similar work and wanted to give his contribution to this topic. The main idea and issue of this work were to determine the specifics in valuing banks and calculating the real equity value of the chosen bank and to see if it is any different from the current established value and by how much. What was challenging was choosing the right and adequate methods for the analysis. The reason being that with financial institutions it is hard to determine certain financial indicators that are essential for the most used valuation methods. Conventionally used valuation methods, like the discounted cash flow method, is complicated, almost impossible to apply to banks because of the difficulty of determining the free cash flow. Therefore, the dividend cash flow was chosen as the only visible cash flow. The existing DCF method had to be adapted so that dividend growth is sustainable. The methods which were used in this work are the adjusted dividend discount model and the equity multiples model. Research has shown that the value of the chosen bank is undervalued based on both methods. The current established value is positioned between the two assessed values and the conclusion is that it is fair valued. This work presents an introduction to the issue of valuing financial institutions and can be used as a good foundation for further research of this field.