BRIEF-‍Fitch says APAC banks face modest initial IFRS 9 provisioning impact​
Dec 12 (Reuters) - Fitch:‍
* FITCH: APAC BANKS FACE MODEST INITIAL IFRS 9 PROVISIONING IMPACT​
* FITCH SAYS INTRODUCTION OF IFRS 9 - IN MOST MAJOR APAC MARKETS,WILL HAVE WIDE-RANGING EFFECTS ON BANK PROCESSES AND LOAN PERFORMANCE ASSESSMENTS
* FITCH- ‍BEYOND INITIAL TRANSITION, EXPECT PROVISIONING TO FALL MORE SHARPLY DURING CYCLICAL UPSWINGS AND RISE MORE QUICKLY DURING DOWNTURNS FOR APAC BANKS​ Source text for Eikon: