New and Amended Standards and Interpretations |
12 Months Ended | ||
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Dec. 31, 2024 | |||
New and Amended Standards and Interpretations [Abstract] | |||
New and Amended Standards and Interpretations |
Amendments that resulted from improvements to IFRS to the following standards did not have any significant impact on the accounting policies, financial position or performance of the Bank:
IFRS 16 Leases. Recognition of the lease liability in a sale with leaseback.
The IASB published amendments to IFRS 16 related to the recognition of the lease liability in a sale with leaseback. The amendment specifies the requirements that a seller-lessee must use to measure the lease liability that arises in a sale and leaseback transaction with objective that the seller-lessee does not recognize any gain or loss related to the right of use that it retains.
IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments Disclosures - Supplier Financing Arrangements.
The IASB issued amendments to IAS 7 and IFRS 7. The amendments specify the current requirements to enhance the disclosure in the financial statements of supplier financing arrangements concerning liabilities, cash flows, and a company’s exposure to liquidity risk. |