The impact of IFRS 9 on bank lending: Evidence from Croatia
This paper examines how the shift to forward-looking expected credit loss (ECL) provisioning under IFRS 9 has affected bank lending. Using firm-level microdata for Croatia (2014–2021), we document a significant contraction in loan growth rates for riskier borrowers. We also show that this contrac...
محفوظ في:
| المؤلفون الرئيسيون: | , |
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| التنسيق: | Article ou chapitre numérique |
| اللغة: | Français |
| منشور في: |
2026
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| الموضوعات: | |
| الوصول للمادة أونلاين: | Accès Université d'Orléans et IFPM |
| الملخص: | This paper examines how the shift to forward-looking expected credit loss (ECL) provisioning under IFRS 9 has affected bank lending. Using firm-level microdata for Croatia (2014–2021), we document a significant contraction in loan growth rates for riskier borrowers. We also show that this contraction is not uniform: IFRS 9 has a substantial negative impact on medium-risk, medium-sized firms, but not on very sound or very risky borrowers. Collateral only partially mitigates this effect, as medium-risk borrowers appear to face higher collateral demands post-IFRS 9. We discuss the implications of these findings for capital allocation and economic growth.
JEL Classification: G18, G21, G28, G32
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