Financial indicators for credit institutions in Romania

The attached document presents data regarding different financial indicators of 20 credit institutions in Romania, for the period of 2018-2021. Where the value ”99” can be seen, it means that the specific data couldn't be found in the financial statements of the analyzed credit institutions. The currency of the indicators is thousands lei, the national currency of Romania.
The aim of collecting this data was to identify the impact of the IFRS 9 provisions regarding the matters of assets' evaluation methods and the expected credit loss adjustments on the performance of the credit institutions in an emerging economy. Therefore, along with some financial indicators collected manually from the selected credit institutions, some performance indicators were taken into account that were calculated on the basis of the former: ROA, ROE, Return of Main Activity (Income / Expenditures), and Loans Granted / Deposits Attracted.
Based on the data presented and after the econometric processing, we have confirmed that the valuation of financial instruments at fair value leads to an increase in their profitability (implicit in the ROA indicator), generating related earnings which, however, only in the category of those resulted from valuation at fair value through profit and loss account (PLA) have a positive impact on the financial sustainability of credit institutions, given the possibility of their immediate recognition in the financial result of the year, which is not possible in the case of earnings from financial assets valued through other comprehensive income (OCI), which can be measured as deferred income until the derecognition of the valued asset. Regarding the adjustments for expected credit losses, it was found that they have a negative impact on the financial position and performance of credit institutions in Romania, fact that creates some instability in the short term but reduces the possibility of materializing significant and sudden losses in the long term.

所附文件呈现了关于20家罗马尼亚信贷机构2018-2021年期间不同财务指标的资料。其中出现的“99”值，表明在所分析的信贷机构的财务报表中找不到具体数据。这些指标的货币单位为千列伊，为罗马尼亚的法定货币。收集这些数据的目的是为了确定国际财务报告准则第9号（IFRS 9）关于资产估值方法和预期信用损失调整对新兴经济体中信贷机构绩效的影响。因此，除了从所选信贷机构手动收集的一些财务指标外，还考虑了一些基于前者的绩效指标：总资产回报率（ROA）、净资产收益率（ROE）、主营业务回报率（收入/支出）以及贷款发放/吸收存款。基于所提供的数据以及经过计量经济学处理，我们证实了金融工具按公允价值估值会导致其盈利能力的提升（隐含在ROA指标中），从而产生相关收益。然而，这些收益仅在通过损益表（PLA）进行公允价值估值所形成的类别中具有积极的财务可持续性影响，因为它们可以在当年的财务结果中立即确认，而在通过其他综合收益（OCI）对金融资产进行估值所获得的收益则不能，这些收益可以被视为递延收益，直到所估值资产被取消确认为止。关于预期信用损失的调整，研究发现，它们对罗马尼亚信贷机构的财务状况和绩效产生了负面影响，这一事实在短期内造成了一些不稳定，但长期来看，减少了出现重大和突然损失的可能性。