ING Bank Śląski | Annual Report 2014

ING BANK ŚLĄSKI

ING BANK ŚLĄSKIAnnual Report 2014

6. Impairment identification for credit exposures

Impairment identification for credit exposures is an integral part of the credit risk management process for both corporate and retail clients.

The events being impairment triggers are the events which occurred on the part of an asset or a group of financial assets and which may reduce the amount of expected cash flows. The events considered impairment triggers by the Bank were discussed in Chapter IV. Material Principles of Accounting, item 5.10. Impairment.

Occurrence of an impairment trigger requires the Bank to analyse the expected cash flows for a given exposure. In the analysis, presence or absence of financial asset impairment is declared.

The impairment loss computation basis and approach for credit exposures and provisions for off-balance sheet liabilities were described in Chapter IV. Material Principles of Accounting, item 2.1.1. Impairment of financial assets.

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