Samba discloses impact of IFRS9 on balance sheet
28/02/2018
Argaam Special
Samba Financial Group has filed a preliminary assessment of the potential impact of the enactment of IFRS9 Standard on its balance sheet.
The lender expects a net decrease of shareholders’ equity by 5 percent from the date of introduction of the standard.
The reduction will be around SAR 2.1 billion, from a total equity of SAR 42.3 billion as at the end of 2017, according to Argaam's internal analysis.
The bank's capital adequacy ratio is set to drop by 0.65 percent.
The assessments above imply a point in time estimate rather than forecasts. Actual effect of the implementation of the standard could vary significantly from this estimate, the disclosing bank said.
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
SAMBA
38.50
1.70
4.62%
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}