Virtual event | Financial performance of European banks in the context of Covid-19: ECL-related impacts
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Webinar | Financial performance of European banks
Join Forvis Mazars experts for a virtual session to learn about the Covid-19 impact on the expected credit losses (ECL) in European banks' financial disclosures.
Financial performance of European banks in the context of Covid-19: ECL-related impacts
Tuesday, 25 May 2021, 14:00 - 15:00 CET
Virtual event
The Covid-19 crisis continues to undermine global financial stability, and the full impact on the banking sector is yet to be determined. In this context, Forvis Mazars analysed the financial performance of 26 banks in 11 countries to help financial institutions better understand the impact of Covid-19 on the expected credit losses. The study is based on audited information communicated in the 2020 annual reports of participating banks published until 1 April 2021.
During our virtual session, Forvis Mazars experts will present the report's key findings, mainly focusing on ECL-related impacts.
The conversation will be around:
- The extent to which the Covid-19 pandemic has impacted the operating profit or loss, and the 2020 ECL charge.
- The consequences on the ECL coverage ratios and the ventilation of gross credit exposure and ECL allowance by stage.
- What European banks disclosed on their post-model adjustments and macro-economic assumptions.
Featured speakers:
- Vincent Guillard, Partner, Forvis Mazars
- Florence Michel, Senior manager, Forvis Mazars
Contacts
Financial reporting of European banks 2021 study
How is the pandemic affecting the financial performance of European banks? The Covid-19 crisis continues to undermine global financial stability. While its full impact on the banking sector is yet to be determined, the 2020 annual results let us build a picture of the Covid-19 impact on the expected credit losses (ECL) in banks’ financial disclosures.