IFRS 9 Effective Implementation Date

Country Effective Implementation Date Notes

IFRS 9 is adopted by PSAK 71 in Indonesia.

Indonesian Acccounting Board has
Indonesia 1-Jan-20 postponed the effective date of PSAK 71
from January 2019 to January 2020

IFRS 9 is effective for reporting periods

Singapore 1-Jan-18 starting on or after 1 January 2018.

IFRS 9 is adopted in Malaysia by MFRS 9

Malaysia 1-Jan-18 which is applicable for annual period
beginning of 1 January 2018

Adoption of IFRS 9 is delayed from January

2019 into January 2020. This is due to a
Thailand Jan-20 concern that stricter accounting rule will
make SMEs harder to obtain loan

IFRS 9 is adopted in Philippines by PFRS 9

Philippines 1-Jan-18 which is mandatorily effective for period
beginning of 1 January 2018
Source:

http://iaiglobal.or.id/v03/berita-kegiatan/detailberita-1011-pengesahan-psak-71-psak-72-dan-amendemen-psak-62

https://isca.org.sg/tkc/fr/current-issues/financial-reporting-headlines/financial-reporting-headlines/2018/january/ifrs-9-an

http://www.masb.org.my/pages.php?id=89

https://www.bangkokpost.com/business/news/1
505322/new-accounting-standard-postponed

- https://www.pwc.com/ph/en/accounting-
buzz/accounting-client-advisory-letters/new-pfrs-
standards-effective-after-1-january-2018.html

http://www.bsp.gov.ph/publications/media.asp?
id=4762&yr=2018
 Effective Implementation Date
Country Bank Name
Before 2018 On/After 2018

Indonesia Bank Rakyat Indonesia

Indonesia Bank Mandiri Jan-20

Indonesia Bank Central Asia Jan-20

Indonesia Bank Negara Indonesia Jan-20

Indonesia Bank CIMB Niaga Jan-20
Indonesia Bank Tabungan Negara Jan-20
Indonesia Bank Panin Jan-20
Indonesia Bank Permata Jan-20
Indonesia Maybank Indonesia Jan-20
Indonesia Bank Danamon Jan-20

Malaysia Maybank Jan-18

Malaysia CIMB Jan-18

Malaysia Public Berhad Jan-18

Malaysia RHB Jan-18
Malaysia Hong Leong Jan-18
Malaysia AmBank Mar-19
Malaysia UOB Jan-18
Malaysia Bank Rakyat Jan-18

Malaysia OCBC Jan-18

Malaysia HSBC Jan-17

Philippines Banco de Oro Jan-18

Philippines Metropolitan Bank Jan-18

Philippines Land Bank Jan-18
Philippines Philippines Islands Jan-18

Philippines National
Philippines Jan-18
Bank

Security Bank
Philippines Corporation Jan-18
Philippines China Banking Jan-18
Philippines Development Bank Jan-18
Philippines Union Bank Jan-18
Philippines Rizal Commercial Jan-18

Singapore DBS Bank Jan-18

Singapore UOB Bank Jan-18

Singapore OCBC Bank Jan-18

Singapore Standard Chartered

Singapore Citibank
Singapore Maybank
Singapore HSBC
Singapore State Bank of India
Singapore POSB
Singapore Far Eastern Bank

Thailand Bangkok Bank Jan-20

Thailand Krungthai Bank Jan-20

Thailand Siam Commercial Jan-20

Thailand Kasikorn Jan-20
Thailand Ayudhya (Krungsri) Jan-20
Thailand Thanachart Jan-20
Thailand Thailand Military Bank Jan-20
Thailand Kiatnakin Jan-20
Thailand CIMB Jan-20

Thailand Standard Chartered

 Source

Bank Mandiri AR 2017 (Indonesia Version), Page

300

https://keuangan.kontan.co.id/news/berlaku-tahun-depan-psak-71-bakal-sedikit-menggerus-m

Bank BNI AR 2018, Page 336

Bank CIMB Niaga AR, Page 980
Bank BTN AR, Page 260
Panin Bank financial results 2017, Page 16
Permata Bank AR 2017, Page 819
Maybank AR 2018, Page 194
Bank Danamon Financial Results 2018, Notes to
financial statement no.59

Maybank AR 2018 (Corporate), Page 116

CIMB Q4 2018 Financial result, Page 9

Public Bank AR 2017, Page 39

RHB Bank AR 2017, Page 71
Hong Leong Bank AR 2017, Page 119
Am Bank Financial Result 2018, Page 60
UOB Malaysia AR 2017, Page 100
Bank Rakyat AR 2017, Page 190

OCBC Bank Financial Result 2017, Page 29

HSBC Bank Financial Result 2017, Page 34

BDO Annual Report 2017, Page 58

Metro Bank SEC Financial Report for Quarter

Ended March 31, 2018, Page 12
Land Bank Annual Report 2017, Page 152
Bank of Philippines Islands Annual Report Part 3,
Page 86

Philippines National Bank Annual Report 2017,

Page 49

Security Bank Financial Statements 2017, Page 27

China Banking Annual Report 2017, Page 131
Development Bank Philippines Annual Report
2017, Page 70
Union Bank Annual Report 2017, Page 7
Rizal Commercial Banking Corporation Annual
Report 2017, Page 111

DBS Bank AR 2017, Page 116

UOB Bank AR 2017, Page 175

OCBC Bank AR 2017, Page 269

Bangkok Bank Annual Report 2018, Page 126

Krungthai Bank Financial Statement 3Q2018, Page
14
Siam Commercial Bank Annual Report 2018, Page
311
Kasikorn Bank Annual Report 2018, Page 200
Krungsri Annual Report 2018, Page 33
Thanachart Annual Report 2018, Page 5
Thailand Military Bank Annual Report 2018, Page
158
Kiatnakin financial Statements 2018, Page 20
CIMB Thailand Bank Financial Statements 2018,
Page 19
 Impact on Financial Statements
(Based on Financial Statements)

- As of 1 January 2018, equity value of bank was reduced by RM 371,992

thousand as a result of MFRS 9 implementation.

- Net expected credit losses reduced from RM 2.34 million on 2017 to

RM 1.87mn (after MFRS 9) on 2018. As a result, loan loss coverage also
improved to 83.6% (2018) from 71.5% (2017).

Total asset of the bank as of 1 January 2018 reduced by RM 1,727,452

thousand total liabilities increased by RM 164,710 thousand and equity
reduced by RM 1,892,162 thousand. Loan, advances, & financing also
reduced by RM 2,181,435 thousand.
Implementation of MFRS 9 has impacted some line items in financial
assets account as follow:
- Financial assets measured at amortized cost increased by RM 48,632
thousand
- Financial assets measured at FVOCI decreased by RM 15,368
thousand
- Financial assets measured at FVTPL increased by RM 56,684
thousand

Total equity of the bank also increased by 67,340 thousand on 1 January

2018 because of MFRS 9

Total equity as of 1 January 2018 increased by RM 55,250 thousand from

31 December 2017. In addition, total financial asset increased by RM
79,420 thousand.

PFRS 9 impacted some line items on equity account as below:

- Surplus reserves increased by Ps 71 mn
- Suplus free decreased by Ps 4,620 mn
- Net unrealized fair value gain (Loss) on FVOCI increased by Ps 1,843
mn
Impact of PFRS 9 implementation are includes some line items in
financial instrument account and on equity account.
Financial instrument account that are impacted are as follow (restated
on January 2018):

- Trading securities that measured at FVTPL increased from Ps 5,332

mn to Ps 7,567 mn
- Investment securities that measured at FVOCI increased from Ps
23,313 mn to Ps 29,150 mn
- Investment securities that measured at Amortized Cost decreased
from Ps 277,472 mn to Ps 273,386 mn
Some equity items that are impacted are:
- Surplus decreased by Ps 413 mn
- Accumulated Other Comprehensive Inc (Loss) increased by Ps 4,246
mn

PFRS 9 impacted some line items on equity account as below:

- Surplus decreased by Ps 1,776 mn
- Unrealized gain (loss) on financial assets at FVOCI increased by Ps
2,219 mn

The implementation of SFRS(I) 9 has an impact of an increase of $9

million in the group shareholder’s fund.

The implementation of SFRS(I) 9 has an impact of an increase in bank’s

equity of SGD 59 Million (this increase attributed to an increase in value
of equity holders of the bank).
The implementation of SFRS(I) 9 has an impact of an increase in bank’s
equity by SGD 36 Million
 Reference of IFRS 9 Impact

- Maybank Annual Report 2018, Page 39

- Maybank Annual Report 2018 (Corporate),
Page 34

CIMB Financial Statement 2018, Page 72

OCBC Financial Statement Q3 2018, Page 46

OCBC Financial Statement Q3 2018, Page 46

HSBC Malaysia Financial Statement 2018,

page 8 &19

Banco de Oro Q3 Financial Statement 2018,

page 4
Bank of Philippines Island Q2 financial
statement 2018, Page 8, 14-16

Philippines National Bank Q3 Financial

Statement, Page 22

DBS Singapore Q4 2018 performance

summary, page 5

UOB Singapore Q4 financial statement 2018,

page 7 & Appendix 4 (Page 28)
OCBC Singapore Q4 financial statement
2018, page 26
 Notes

No information regarding PSAK 71

implementation on its annual report &
financial statement.

No information regarding PSAK 71

implementation on its annual report.
Based on the news, BCA still prepares for
implementing it on 2020

The impact (in numbers) of MFRS 9 took

effect effectively on 1 January 2018

The impact (in numbers) of MFRS 9 took

effect effectively on 1 January 2018
The impact (in numbers) of MFRS 9 took
effect effectively on 1 January 2018

The impact (in numbers) of MFRS 9 took

effect effectively on 1 January 2018

The impact (in numbers) of PFRS 9 took

effect effectively on 1 January 2018
The impact (in numbers) of PFRS 9 took
effect effectively on 1 January 2018

The impact (in numbers) of PFRS 9 took

effect effectively on 1 January 2018

The impact (in numbers) of SFRS(I) 9

took effect effectively on 1 January 2018

The impact (in numbers) of SFRS(I) 9

took effect effectively on 1 January 2018
The impact (in numbers) of SFRS(I) 9
took effect effectively on 1 January 2018

No Information on SFRS(I) 9
Implementation on its official financial
statement

No Information related to IFRS 9

Implementation on latest annual report
& financial statement