IFRS 9

In the rapidly evolving landscape of Tanzanian finance, the push toward “Banking 5.0” has highlighted a critical friction point: the divide between ambitious digital goals and the reality of aging infrastructure. While the sector remains resilient and profitable, “Data Gaps and System Limitations” represent the primary hurdles for banks striving to achieve full financial inclusion […]

The financial landscape in Tanzania has undergone a significant transformation since the adoption of IFRS 9 Financial Instruments. Central to this shift is the concept of Expected Credit Loss (ECL), a forward-looking approach to assessing credit risk that ensures banks and financial institutions are better prepared for potential defaults before they occur. 1. What is […]

The adoption of International Financial Reporting Standards (IFRS) in Tanzania in July 2004 marked a significant milestone in improving financial reporting, transparency, and comparability across reporting entities. A major evolution within this framework came with the issuance of IFRS 9 – Financial Instruments by the International Accounting Standards Board (IASB) in July 2014, replacing IAS […]

As Bangladesh navigates its transition toward “Smart Bangladesh 2041” and prepares for its 2026 graduation from Least Developed Country (LDC) status, its financial sector is facing a moment of reckoning. While digital banking and Mobile Financial Services (MFS) have seen explosive growth, a deeper structural issue remains: significant data gaps. These gaps defined by missing, […]

The landscape of financial reporting in Bangladesh is standing on the precipice of a seismic shift. As the nation eyes a “Smart Bangladesh” by 2041 and deeper integration with global capital markets, the transition to IFRS 9 (Financial Instruments)—locally adopted as BFRS 9—is no longer a choice, but a strategic imperative. For decades, the Bangladeshi […]

The landscape of financial reporting in Bangladesh is changing with the adoption of IFRS 9. This standard introduces the Expected Credit Loss (ECL) model, replacing the old incurred loss approach. Scheduled banks are now required to prepare for a forward-looking provisioning system, in line with Bangladesh Bank regulations and global accounting standards. Below are the […]

The implementation of IFRS 9 in Bangladesh represents more than an accounting change—it is a transformation of risk culture. For 2026, the Financial Reporting Council (FRC) and Bangladesh Bank have signaled that “approximate calculations” are no longer sufficient. Auditors are now focusing on four critical pillars of compliance. 1. The Validity of the Three-Stage Model […]

The Bangladeshi banking sector has reached a defining “inflection point.” As of early 2026, the industry is no longer just recovering from the political and social shifts of late 2024; it is undergoing a radical structural transformation. With the countdown to LDC (Least Developed Country) graduation in November 2026 ticking away, the traditional “branch-and-collateral” business […]

The landscape of financial reporting in Bangladesh is undergoing a significant transformation with the phased implementation of IFRS 9 (International Financial Reporting Standard 9), adopted locally as BFRS 9 (Bangladesh Financial Reporting Standard 9). This new standard is replacing the older IAS 39 (International Accounting Standard 39) and its local equivalents, marking a crucial shift, […]

The banking and financial sector in Bangladesh is currently undergoing a monumental shift in how it manages and reports credit risk. By moving from the traditional Incurred Loss (IL) model to the Expected Credit Loss (ECL) model under IFRS 9, Bangladesh is aligning its financial reporting with international standards. 1. The Core Shift: Incurred vs. […]