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.本附件所载数据涵盖罗马尼亚20家信贷机构2018-2021年期间的各类财务指标。若指标值为“99”，则表示该特定数据无法从本次分析涉及的信贷机构的财务报表中获取。所有指标的计价单位均为罗马尼亚本国货币列伊（lei）千元。 本次数据采集的核心目标，在于探究新兴经济体中，国际财务报告准则第9号（IFRS 9）中关于资产估值方法与预期信用损失调整的相关规定，对信贷机构经营业绩的影响。为此，研究团队除从入选信贷机构手动采集部分财务指标外，还基于此类指标计算得到若干业绩指标，包括：资产收益率（ROA）、净资产收益率（ROE）、主营业务回报率（收入/支出）以及发放贷款/吸收存款比率。 基于本次披露的数据并经计量经济学处理后，研究团队证实：以公允价值对金融工具进行估值，会提升其盈利能力（这一点可通过资产收益率（ROA）指标体现），并产生相关收益。但此类收益中，仅通过以公允价值计量且其变动计入损益账户（PLA）所产生的收益，能够对信贷机构的财务可持续性产生积极影响——究其原因，该类收益可即刻计入当年度财务业绩。而对于以其他综合收益（OCI）计量的金融资产所产生的收益，则无法即刻确认，仅能作为递延收益核算，直至该估值资产终止确认为止。针对预期信用损失调整的分析则显示，其对罗马尼亚信贷机构的财务状况与经营业绩均存在负面影响：该调整虽会在短期内造成一定的不稳定性，但长期来看可降低发生重大突发性损失的可能性。