Český finanční a účetní časopis 2019(3):17-31 | DOI: 10.18267/j.cfuc.533

Analysis of the impact of IFRS 9 on the banking sector in the Czech Republic

Jáchym Lukeš
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu, nám. W. Churchilla 4, 130 67 Praha 3

This article discusses the impact of the implementation of IFRS 9 on the banking sector in the Czech Republic, focusing primarily on observable data from the financial statements of banking institutions. The analysis included data from 33 banking institutions that hold more than 98% of the value of banking assets in the Czech Republic. The analysis results can be summarized so that implementation of IFRS 9 led to impairment "only" about 0.08%. Institutions reporting under Czech accounting rules have created significantly fewer provisions for assets than institutions reporting under IFRS. The impact on the reclassification of financial assets was considered to be the least significant, with only minor changes in the structure of held financial assets.

Keywords: Banks; IFRS 9; Financial instruments.
JEL classification: G21, M41

Published: December 1, 2019  Show citation

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Lukeš, J. (2019). Analysis of the impact of IFRS 9 on the banking sector in the Czech Republic. Czech Financial and Accounting Journal, 2019(3), 17-31. doi: 10.18267/j.cfuc.533
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