Skip to main content
SpringerLink
Log in
Book cover

Economic and Financial Challenges for Eastern Europe pp 313–322Cite as

The Conversion of Bank Deferred Tax Assets in 2016 to Bank Shares in 2017

  • Conference paper
  • First Online:

  • 494 Accesses

Part of the book series: Springer Proceedings in Business and Economics ((SPBE))

Abstract

This study correlates the provisions of CRD IV with the application of IFRS in banks operating in Greece. The accounting losses allow the creation of additional DTA which are transferred in claims against the state (tax credit). Thus, in 2017 conversion rights (warrants) may be issued which represent common shares of total market value equal to 100% of these tax credits. Then, equivalent special reserve is formed, and the equity capital of banks is increased, since the DTA are not deducted from the common equity tier 1 (CET 1) ratio.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Acharya, V., Mehran, H., Schuermann, T., & Thakor, A. (2011). Robust capital regulation. Federal Reserve Bank of New York, Staff Report Νo. 490.

    Google Scholar 

  • Alpha Bank. (2017). Financial information, Athens.

    Google Scholar 

  • Bank of Greece. (2011–2017). The Governor’s annual report, Athens.

    Google Scholar 

  • BCBS. (1998). International convergence of capital measurement and capital standards. Basel: Bank for International Settlements.

    Google Scholar 

  • Blundell-Wignall, A., & Atkinson, P. (2010). Thinking beyond Basel III: Necessary solutions for capital and liquidity. OECD Journal: Financial Market Trends, 2010(1), 9–33.

    Google Scholar 

  • Eurobank (2017). Annual reports. Athens.

    Google Scholar 

  • Gregoriou, G. (2009). Operational risk toward Basel III: Best practices and issues in modeling, management, and regulation. Hardcover: Wiley.

    Book  Google Scholar 

  • Hytis, E. (2015). Why does the increase in taxation rates benefit the banks with losses? EURO2day. Athens (in Greek).

    Google Scholar 

  • International Accounting Standards Board. (2012). IAS 12 income taxes. London.

    Google Scholar 

  • Kalfaoglou, F. (2012, April). The framework of the banks’ capital adequacy. Economic Bulletin of Bank of Greece, 36 (in Greek).

    Google Scholar 

  • Merler, S. (2015). Deferred tax credits may soon become deferred troubles for some European banks. Retrieved from http://bruegel.org

  • National Bank of Greece. (2017). Financial Report. Athens.

    Google Scholar 

  • Papadeas, P., Hyz, A., & Kossieri, E. (2016). IASBasel: The contribution of losses to the banks’ capital adequacy. International Conference on Business and Economic, ICBU HOU, Athens.

    Google Scholar 

  • Piraeus Bank. (2017). Financial results. Athens.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Accounting and Finance, University of West Attica, Athens, Greece

    Panagiotis Papadeas

Authors
  1. Panagiotis Papadeas
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Panagiotis Papadeas .

Editor information

Editors and Affiliations

  1. Piraeus University of Applied Sciences, Egaleo, Greece

    Nicos Sykianakis

  2. International Hellenic University, Serres, Greece

    Persefoni Polychronidou

  3. International Hellenic University, Kavala, Greece

    Anastasios Karasavvoglou

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Papadeas, P. (2019). The Conversion of Bank Deferred Tax Assets in 2016 to Bank Shares in 2017. In: Sykianakis, N., Polychronidou, P., Karasavvoglou, A. (eds) Economic and Financial Challenges for Eastern Europe. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-12169-3_20

Download citation

Publish with us

Policies and ethics

Search

Navigation