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Jul, 2018

IFRS 9: First Glimpse of the Actual Impact

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During the IFRS 9 Implementation & impact assessment phase majority of the banks anticipated a negative impact on their balance sheets and the same was evident in the December 2017 financial disclosures. In our previous blog, based on our analysis of December 2017 bank disclosures, we indicated that the expected transition impact may lead to erosion of approximately 3.56% of the total equity of the banks across KSA, UAE, Qatar and Bahrain. As per the March 2018 financials, the transition impact absorbed by banks on total equity is 4.35% across […]