UniCredit Tiriac Bank Cuts RON0.5B Off Provisions After IFRS Introduction

03.28.2012 By Andrei Circhelan , Andrei Circhelan

Romanian lender UniCredit Tiriac Bank freed up some 550 million lei (EUR125.7 million) from its provisions by switching to international financial reporting standards (IFRS) from the local standard (RAS), the bank’s chief financial officer Stanislav Georgiev said Wednesday.

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Keywords:: UNICREDIT; , IFRS; , PROVISIONS

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