How new global financial reporting standard will affect local banking industry

Local banks will soon adopt the new international financial reporting standard (IFRS 9), a move that is aimed at improving the accounting and reporting of financial assets and liabilities, enabling banks to reduce non-performing loans.
There uneaseness among banks on the impending implementation of IFSR 9 financial reporting guidelines. / File
There uneaseness among banks on the impending implementation of IFSR 9 financial reporting guidelines. / File
Times Reporter