• 1000

Your essential guide to disclosures for banks

Our Guides to financial statements help you to prepare and present financial statements in accordance with IFRS Accounting Standards.

Our Illustrative disclosures for banks illustrate one possible format for financial statements of a fictitious banking group that is involved in a range of general banking activities and is not a first-time adopter of IFRS Accounting Standards. 

What’s new in 2022?

The 2022 edition (PDF 3.2 MB) reflects standards in issue at 30 November 2022, which a bank is required to apply for an annual period beginning on 1 January 2022. 

It also illustrates disclosure on the potential impact of a new global minimum tax, which could affect banks’ disclosures in 2022 annual reports. 

Find out more

Financial reporting in uncertain times

Many banks are likely to be facing challenges in these uncertain times. External events such as COVID-19, geopolitical affairs and natural disasters are just a few of the major global issues driving global economic uncertainty today.

Preparers should carefully evaluate and consider the impact of external events on their 2022 financial reporting and provide relevant entity-specific disclosures.

Our Financial reporting in uncertain times resource centre includes articles, blogs and podcasts to help you better understand the accounting and disclosure implications for your bank.

Climate change and financial reporting

All banks are facing climate-related risks and opportunities and are making strategic decisions in response – including around their transition to a low-carbon economy.

Our Climate change financial reporting resource centre provides FAQs to help entities identify the potential financial statement impacts for their business.

Also, the International Sustainability Standards Board (ISSB) has published proposed climate-related disclosures standards. For more on this and related developments, see our Sustainability reporting web page.

You can also follow 'KPMG IFRS' on LinkedIn and check out IFRS Today for the latest content and topical discussion on IFRS Accounting Standards.