Banks showed signs of a recovery in earnings in the third quarter, helped by a slower rate of increase in loan-loss provisioning following the Bank of Thailand’s deferred adoption of the International Financial Reporting Standard 9 (IFRS9) to 2020.

The subcommittee on education measures to reduce the impact from the adoption of new accounting standards of financial instruments (IFRS9) has agreed to collaborate with the Bank of Thailand and the Federation of Accounting Processions, under the Royal Patronage of His Majesty the King, to minimise the disruption to businesses and decide the date of implementation.