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Mohanad Fayiz Al Dweikat, Majdi Wael Alkababji, Othman Hussein Othman Othman
The Extent to which Jordanian Commercial Banks Rely on Electronic Disclosure of Accounting Information to Rationalize their Credit Decisions in Light of The Corona Crisis
Summary:
This study aims to identify the extent to which Jordanian commercial banks depend on electronic disclosure of accounting information to rationalize their credit decisions in light of the Corona crisis. The study population included all (23) Jordanian commercial banks, and the sample consisted of (81) respondents from credit officials and workers in the credit departments in these banks. The study concluded that Jordanian commercial banks rely on electronic disclosure in the statement of financial position, the income statement, the cash flow list, and the list of shareholders' equity published electronically to rationalize their credit decisions in light of the Corona crisis. The study recommended that Jordanian commercial banks pay more attention to displaying data in the statement of financial position, in which accounting information is disclosed electronically on an accrual basis, and to show the main groups of company accounts and their obligations towards lenders and owners.
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Ivan Marinov
Corporate Social Responsibility of Bulgarian Banking Sector – Mission and Business Practice
Summary:
As a consequence of legal regulation, the organization of bank activity and established traditions, society often treats commercial banks only as subjects, absorbing and redistributing monetary resources in order to obtain financial advantage which benefits both banks and their owners. However, a similar perception is not applicable to the vision of modern banks which demonstrate aspirations of harmony with the surrounding socio-economic environment and a desire to improve their image in the corporate community. In this respect, corporate social responsibility of banks is a way to voluntarily integrate their business into national and international processes.
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Radka Andasarova
Practical-Applied Model for the Recognition of Impairment Losses for Defaulted Exposures in Commercial Banks
Summary:
The Bulgarian banking system has the practice of determining the impairment losses, which is entirely built on the concepts of Ordinance No.9 of BNB, cancelled in April 2014. After its cancellation any bank credit institution must take action to establish a new policy for the recognition and measurement of their risk exposures and on these grounds to take action to determine the extent of devaluation for a credit risk. In connection with this, the parameter "defaulted exposure" can be used for the purposes of internal bank systems for the recognition and measurement of risk exposures in the decision for the recognition of impairment for credit risk. Defaulted exposure can be defined as an indicator of the level of risk that a bank can take, depending on the ability and desire of a borrower to meet their obligations on the debt. The defaulted exposure is equal to the carrying value of the exposure calculated by the applicable accounting standards.
