Simulation of the impacts of IFRS 9

Quantification of the increase in provisions for loans to Italian private individuals and SMEs.

The analysis refers to a sample of mortgages to private individuals and exposures to SMEs identified through EURISC (the Italian CRIF credit bureau) in March 2016, the values of which are €247 and €187 billion, respectively.

The calculations were made by extending the results of project experience gained by CRIF with certain large Italian banking institutions to this reference population (and in particular impairment coefficients based on IFRS 9 compared with those calculated according to IAS 39, which are still valid).