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Too early to judge impact from MFRS 9, says Alliance CEO

Mimi Sabreena 3:25:00 PM Informasi

KUALA LUMPUR (July 12): It is too early to judge the impact from the implementation of Malaysian Financial Reporting Standard 9: Financial Instruments (MFRS 9) to the credit costs of Alliance Financial Group Bhd (AFG), said its chief executive officer Joel Kornreich.

He said the banking group's credit costs would not be largely impacted by the standard for its financial year ending March 31, 2018 (FY18) as MFRS 9's implementation in Malaysia is with effect from April 1, 2018.

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