The following pages present a summary of each new proposed ratio and ALM table, and an explanation of its importance. Each section includes: “Why This Ratio is Important.” For adjusted ratios, the section includes: “Effects of Adjustments.” All adjusted ratios are denoted with an “-A” after the ratio number. Adjustments are further described in Appendix 3. Adjustments allow for a more standardized approach to MFI financial performance measurement, as adjusted ratios are more in line with commercial banking reporting. This facilitates comparison between different types of MFIs (such as non-profit and for-profit) and between countries. It also enables MFI financial performance to be benchmarked against other MFIs and, in some cases, against commercial banks.
When available, 2008 median “Benchmarks” from MIX Market are provided.  Benchmarks in this publication should be considered solely as an initial metric. Over time, benchmark rates and expectation may shift. The final edition of the Microfinance Financial Reporting Standards will include benchmark data comparisons with commercial banks, where relevant.
Appendix 3 is a summarized version of the Analytical Adjustments chapter found in the 2005 Framework.
 MIX Market MFI benchmarks cover a global cohort of 1,198 MFIs, found at www.mixmarket.org/mfi/benchmarks.