Valtech’s valuation team has recently completed a valuation for a financial institution regarding their retail loan portfolio in Hong Kong and the PRC. We are glad to be a trusted valuation firm for providing advisory support for certain parts of their expected credit loss assessment.
Various market benchmarks have been analysed before we arrive at the conclusion. As required by the IFRS 9, forward looking information should be considered in ECL assessment. Valtech is experienced in analysing historical loss data, transition matrix, recovery data and their relationship with macroeconomic data to provide estimation satisfying the requirements of the accounting standards.