Florin Georgescu: Switching to the IFRS will not result in unhealthy lending - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » December, 2011 » 8 December 2011

Florin Georgescu: Switching to the IFRS will not result in unhealthy lending
08.12.2011, 00:00 | Finance-Banks | 920 views



Switching to the International Financial Reporting Standards (IFRS), in 2012, will not result in unhealthy lending, but the Romanian National Bank (BNR) has established prudential filters that would prevent the artificial increase of banks' solvency ratios, Florin Georgescu, prime deputy-governor of the NBR said yesterday, at the EU-COFILE seminar hosted in Sinaia by the NBR, the Romanian Banking Association and Alpha Bank.

He said: "Switching the accounting standard from the RAS to the IFRS will not create the foundation for an unhealthy expansion of lending, because, through the norms of the NBR, established in agreement with the banking community, certain prudential filters have been implemented, which would prevent the artificial increase of the solvency ratio of the banks, which would allow an unsustainable recovery of lending. Essentially, from a prudential point of view and IFRS provisions will be calculated based on these prudential filters."

Read more on Bursa.ro




Latest news in category Finance-Banks

19.10.2016, ora 00:00 | 1600 vizualizări
NBR governor disregards his own advice
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...


22.04.2016, ora 00:00 | 1724 vizualizări
Mario Draghi: The ECB obeys the law not politicians
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...


23.02.2016, ora 00:00 | 1574 vizualizări
The pound sterling, in its biggest decline since 2009
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2024 Pandora Impex SRL.