Transparency of Disclosures on Credit Risk Management in the Financial Statements of the Banks

Nadezhda Popova-Yosifova ()
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Nadezhda Popova-Yosifova: University of Economics - Varna

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2017, issue 2, 79-85

Abstract: Nowadays the issue of managing the risks posed by financial instruments has taken up increasing relevance. In accordance with the provisions of the International Financial Reporting Standard (IFRS) 7 "Financial instruments: disclosures" banks should disclose information (qualitative and quantitative), that enables users of their financial statements to assess the nature and extent of the risks arising from financial instruments, including loans granted to customers. The aim of this research is analyze the disclosures on credit risk management in the annual financial statements of the biggest banks in Bulgaria (on the basis of total assets) for the period 2012 – 2016.

Keywords: financial statements; credit risk; banks (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2017
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