EXPECTED CREDIT LOSS MODEL BY IFRS 9 AND ITS POSSIBLE EARLY IMPACTS ON EUROPEAN AND TURKISH BANKING SECTOR

Year 2018, Volume: 20 Issue: 3, 476 - 506, 27.09.2018

Banu Sultanoğlu

https://doi.org/10.31460/mbdd.422581

Cited By: 5

Abstract

ABSTRACT

IFRS
9 – ²Financial
Instruments², the replacement of IAS 39 – ²Financial
Instruments: Recognition and Measurement²
was issued by International Accounting Standards Board in July, 2014 and became
mandatory on January 1, 2018. The significant change implemented in the new
standard is about the “impairment” phase which is based on "Expected
Credit Losses" (ECL) rather than "Incurred Credit Losses". In
this study, the measurement and recognition of allowances for impairment are
explained and then the expected possible qualitative and quantitative effects
of this transition primarily in the European Banking Industry are analyzed and compared
with Turkish Banking Industry. It is
expected that, ECL application by European banks would result in on average 13%-18%
increase in loss provisions and Common Equity
Tier 1 (CET1) and total capital ratio decrease by on average 45-75 basis points
(bps) and 35-50 bps, respectively whereas the total amount of provisions
will be diminishing by 4.1% and will have 33 bps and 21 bps positive impacts on
CET1 and total capital adequacy ratio on average, respectively for Turkish banks.

Keywords

Keywords: IFRS 9, Expected Credit Loss, ECL, impairment

EXPECTED CREDIT LOSS MODEL BY IFRS 9 AND ITS POSSIBLE EARLY IMPACTS ON EUROPEAN AND TURKISH BANKING SECTOR

Abstract

ÖZ

Uluslararası
Muhasebe Standartları Kurulu, 2014 yılının Temmuz ayında, UMS 39'un “Finansal
Araçlar: Muhasebeleştirme ve Ölçme”nin yerine UFRS 9 - “Finansal Araçlar”
Standardını yayınlamıştır. Yeni standart 1 Ocak 2018'den itibaren yürülüğe
girmiştir. Yeni standarttaki en önemli değişiklik, “değer düşüklüğü” bölümünde
yapılan "Gerçekleşen Kredi Zararları" yerine "Beklenen Kredi
Zararları" uygulamasıdır. Bu çalışmada, yeni standarda göre değer
düşüklüğü karşılıklarının ölçümü ve muhasebeleştirilmesi açıklandıktan sonra,
Avrupa Bankacılık Sektöründe bu geçişin beklenen muhtemel nitel ve nicel
etkileri analiz edilip, sonuçları Türk Bankacılık Sektörü ile
karşılaştırılmıştır. Avrupa’da bu geçiş sonucu, karşılıkların ortalama olarak %
13 -% 18 aralığında artması, buna bağlı olarak da çekirdek sermaye ve toplam
sermaye yeterliliği rasyosunda sırasıyla, ortalama 45-75 ve 35-50 baz puanlık düşüş
beklenmektedir. Türkiye’deki beklenti ise, sonuçların tam tersi yönde olacağıdır.
Türkiye’deki bankalar için toplam karşılıklar tutarının % 4,1 düşmesi ve çekirdek
sermaye ve toplam sermaye yeterliliği rasyolarında ise, sırasıyla, 33 ve 21 baz
puanlık pozitif etki olması beklenmektedir. 

Keywords

UFRS 9, Beklenen Kredi Zararları Modeli

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