ZNACZENIE KOSZTÓW TRANSAKCYJNYCH W WYCENIE KREDYTÓW BANKOWYCH
THE IMPORTANCE OF TRANSACTION COSTS IN THE VALUATION OF BANK CREDITS

Summary/Abstract: In recent years the banking sector has experienced a number of significant changes in terms of liabilities measurement from credits, loans and securities issuance because of their positions in banks’ assets. The new regulation in financial accounting, which has been in practice since 2005, introduce an amortized cost method at an effective interest rate to the measurement of credits and others. The following paper is dedicated to the problem of including transaction costs in the measurement of credit with the use of this method. The paper’s particular objective is the analysis and assessment of the influence of transaction costs settlement on the bank’s financial results. Transaction costs constitute a very important and not entirely explored area of economics. Their existence could be attributed to imperfect information as well as limited human cognitive abilities and human error. Transaction costs occur at market level (friction of market forces) and in the business as managerial costs.

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