Sberbank eyes full IRB approach in IFRS reports before 2018-end

MOSCOW, Feb 28 (PRIME) -- Russia’s top bank Sberbank will fully introduce an internal ratings-based (IRB) approach to capital requirements for credit risk assessment into its financial reports calculated under International Financial Reporting Standards (IFRS) before the end of 2018, Deputy CEO Alexander Morozov said in a conference call on Wednesday.

“We plan to implement the IRB in our IFRS reports until the end of the year gradually and to introduce it completely for all our assets in the full report for 2018,” he said.

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