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Analysis of the impact of IFRS 9 on the banking sector in the Czech Republic
[Analýza dopadů IFRS 9 na bankovní sektor v České republice]

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  • Jáchym Lukeš

Abstract

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.

Suggested Citation

  • Jáchym Lukeš, 2019. "Analysis of the impact of IFRS 9 on the banking sector in the Czech Republic [Analýza dopadů IFRS 9 na bankovní sektor v České republice]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2019(3), pages 17-31.
    • Handle: RePEc:prg:jnlcfu:v:2019:y:2019:i:3:id:533:p:17-31
    DOI: 10.18267/j.cfuc.533
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    References listed on IDEAS

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    1. Laux, Christian & Leuz, Christian, 2009. "The crisis of fair-value accounting: Making sense of the recent debate," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 826-834, August.
    2. Jannis Bischof & Holger Daske, 2016. "Interpreting the European Union’s IFRS Endorsement Criteria: The Case of IFRS 9," Accounting in Europe, Taylor & Francis Journals, vol. 13(2), pages 129-168, May.
    3. Zoltán Novotny-Farkas, 2016. "The Interaction of the IFRS 9 Expected Loss Approach with Supervisory Rules and Implications for Financial Stability," Accounting in Europe, Taylor & Francis Journals, vol. 13(2), pages 197-227, May.
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    More about this item

    Keywords

    Banks; IFRS 9; Financial instruments; Banky; Finanční instrumenty;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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