25-03-2022
About The Project
ITFC supports JSCB “Agrobank” in Uzbekistan capacity building on International Financial Reporting Standards (IFRS).
The facility will enable Turonbank adopt the IFRS standards in addition to providing training to the personnel responsible for preparing the consolidated financial statements of the bank under IFRS.
The annual and half year IFRS reports, which are procedural and standard requirements from ITFC help to better assess the quality of the portfolio when compared with local Generally Accepted Accounting Principles (GAAP). By implementing this activity, ITFC will help the banks to build their IFRS reporting capacity and to comply with ITFC’s reporting requirements.
The facility will enable Turonbank adopt the IFRS standards in addition to providing training to the personnel responsible for preparing the consolidated financial statements of the bank under IFRS.
The annual and half year IFRS reports, which are procedural and standard requirements from ITFC help to better assess the quality of the portfolio when compared with local Generally Accepted Accounting Principles (GAAP). By implementing this activity, ITFC will help the banks to build their IFRS reporting capacity and to comply with ITFC’s reporting requirements.
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