The Macedonian banks operate in a challenging environment in terms of regulatory and accounting reforms, customer demands, cost of funding and availability of viable projects for financing. The financial crisis and steps for accounting convergence have led to a series of new IFRS requirements. IFRS 9, 10, 11, 12 and 13, which are expected to be applied locally in the comming period, will fundamentally re-shape the financial statements and potentially the earning profile of most financial institutions. This will, in turn, demand an assessment of the impact on the banks’ business and their capital requirements. This is clearly not just an accounting change. People, processes, systems and the business will all be affected.

How we can help

Our Banking professionals have the experience, technical skills, industry focus and global resources to help clients address and overcome their business challenges. Combining a strong local presence with access to a global network of banking professionals, KPMG’s Banking practice in Macedonia is well placed to help our clients successfully navigate through the challenging times.

We can help with: