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May, 2018

IFRS 9 IMPACT ASSESSMENT MORE QUESTIONS THAN ANSWERS

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The average provision coverage ratio has increased by 28% across the four countries. The increase has been highest for Qatar and Kingdom of Saudi Arabia. The impact of ECL for most of the Banks in UAE has been up to 2% of the loans and advances whereas, the impact on banks in the KSA have been highest. In Bahrain, the impact of ECL has been in the range of 1% to 4% of loans and advances (L&A). The region as a whole is looking at an increase in provision, impacting […]

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