IFRS 9’s Impact on the Romanian Banking System’s Provisions

Ghi?ã-Mitrescu Silvia () and Cristina Duhnea
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Ghi?ã-Mitrescu Silvia: Ovidius University of Constanta, Faculty of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 748-753

Abstract: After the financial crisis in 2007, the accounting regulators and practitioners became aware of the deficiencies in the international accounting regulations about credit risk assessment and measurement. Therefore, IFRS 9 was released in order to replace the existing IAS 39. One of the most important provisions of IFRS 9 is the replacement of the impairment loss model of credit risk evaluation with an expected credit loss model. It’s application will lead to an increase in bank’s provisions for non-performing loans and it may lead to a more stable banking industry. The following paper presents the main provisions of IFRS 9 on the assessment of credit risk and reviews the current situation of the Romanian banking system in an attempt to determine the impact of IFRS 9’s implementation.

Keywords: IFRS 9; expected credit loss; non-performing loans; credit quality (search for similar items in EconPapers)
JEL-codes: G21 M41 (search for similar items in EconPapers)
Date: 2015
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