{"id":624443,"date":"2018-09-09T04:11:21","date_gmt":"2018-09-09T04:11:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/"},"modified":"2018-09-09T04:11:21","modified_gmt":"2018-09-09T04:11:21","slug":"banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/","title":{"rendered":"Banque Misr, Banque du Caire tap Moody\u2019s to provide services for implementation of IFRS 9"},"content":{"rendered":"<p>Banque Misr and Banque du Caire have reached an agreement with Moody\u2019s that will see the credit agency provide the two banks with the software and advise them on the technical and financial aspects of implementing IFRS 9 accounting standards, unidentified sources <a href=\"http:\/\/almalnews.com\/Story\/388453\/12\/%D8%A8%D9%86%D9%83%D8%A7-%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D9%8A%D8%AA%D8%B9%D8%A7%D9%82%D8%AF%D8%A7%D9%86-%D9%85%D8%B9-%D9%85%D9%88%D8%AF%D9%8A%D8%B2-%D9%84%D8%AA%D8%B7%D8%A8%D9%8A%D9%82-%D9%85%D8%B9%D9%8A%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%AD%D8%A7%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF\">tell Al Mal<\/a>. Moody\u2019s reportedly beat out six other institutions for the contract, including Standard & Poor\u2019s. The banks are expected to sign the final contracts this week or next week at the latest, according to the sources. The central bank <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/\">had announced in January<\/a> that banks in Egypt will be required to begin presenting their financial statements in accordance with the standards as of FY2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banque Misr and Banque du Caire have reached an agreement with Moody\u2019s that will see the credit agency provide the two banks with the software and advise them on the technical and financial aspects of implementing IFRS 9 accounting standards, unidentified sources tell Al Mal. Moody\u2019s reportedly beat out six other institutions for the contract, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624443","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"e462416e-d676-47ce-bc14-44b1b975a1a0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Banque Misr, Banque du Caire tap Moody\u2019s to provide services for implementation of IFRS 9","related_issue":[624410],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.ddf78d0f-64a3-4957-864a-f899fcba25af.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banque Misr, Banque du Caire tap Moody\u2019s to provide services for implementation of IFRS 9 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr, Banque du Caire tap Moody\u2019s to provide services for implementation of IFRS 9\" \/>\n<meta property=\"og:description\" content=\"Banque Misr and Banque du Caire have reached an agreement with Moody\u2019s that will see the credit agency provide the two banks with the software and advise them on the technical and financial aspects of implementing IFRS 9 accounting standards, unidentified sources tell Al Mal. Moody\u2019s reportedly beat out six other institutions for the contract, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-09T04:11:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr, Banque du Caire tap Moody\u2019s to provide services for implementation of IFRS 9\",\"datePublished\":\"2018-09-09T04:11:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/\"},\"wordCount\":124,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/banque-misr-banque-du-caire-tap-moodys-to-provide-services-for-implementation-of-ifrs-9\/\",\"name\":\"Banque Misr, Banque du Caire tap Moody\u2019s to provide services for implementation of IFRS 9 - 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