VAKIFBANK
2015 ANNUAL REPORT
112
Page
SECTION ONE
General Information
I.
History of the Bank including its incorporation date, initial legal status, amendments to legal status
113
II.
The Bank’s shareholder structure, management and internal audit, direct and indirect shareholders, change in shareholder structure during the period and information on Bank’s risk group
113
III.
Information on the chairman and members of the board of directors, audit committee members, general manager, assistant general managers and their shares in the Bank
114-115
IV.
Information on the Bank’s qualified shareholders
115
V.
Information about the services and nature of activities of the Bank
115
VI.
Current or likely actual or legal barriers to immediate transfer of equity or repayment of debts between Bank and its subsidiaries
115
SECTION TWO
Unconsolidated Financial Statements
I.
Balance sheet – Assets
116
II.
Balance sheet - Liabilities and equity
117
III.
Off-balance sheet items
118
IV Statement of income
119
V.
Statement of profit and loss items accounted under shareholders’ equity
120
VI.
Statement of changes in equity
121-122
VII.
Statement of cash flows
123
VIII. Statement of profit distribution
124
SECTION THREE
Accounting Policies
I.
Basis of presentation
125
II.
Strategy for the use of financial instruments and information on foreign currency transactions
125-126
III.
Information on associates and subsidiaries
126
IV.
Information on forwards, options and other derivative transactions
126
V.
Information on interest income and expenses
126
VI.
Information on fees and commissions
126
VII.
Information on financial assets and footnotes
127-128
VIII. Information on impairment of financial assets
128
IX.
Information on offsetting of financial instruments
128
X.
Information on sales and repurchase agreements and securities lending
128
XI. Information on assets held for sale and discontinued operations
129
XII.
Information on goodwill and other intangible assets
129
XIII. Information on tangible assets
129-130
XIV. Information on leasing activities
130
XV.
Information on provisions, contingent liabilities and assets
130
XVI. Information on obligations of the Bank concerning employee rights
131-132
XVII Information on taxation
132-133
XVIII Information on cash and cash equivalent
133
XIX. Additional information on borrowings
134
XX.
Information on issuance of equity securities
134
XXI. Information on confirmed bills of exchange and acceptances
134
XXII. Information on government incentives
134
XXIII. Information on segment reporting
134
XXIV. Other matters
134
SECTION FOUR
Information Related To Financial Position of the Bank
I.
Capital adequacy ratio
135-141
II
Credit risk
141-151
III.
Market risk
151-153
IV.
Operational risk
153
V.
Foreign currency exchange risk
154-156
VI.
Interest rate risk
156-161
VII.
Liquidity risk and liquidity coverage ratio
162-168
VIII. Fair values of financial assets and liabilities
169-171
IX Transactions carried out on behalf of customers, items held in trust
171
X Segment reporting
171-173
SECTION FIVE
Disclosures and Footnotes on Unconsolidated Financial Statements
I.
Information and disclosures related to assets
174-192
II.
Information and disclosures related to liabilities
193-200
III.
Information and disclosures related to off-balance sheet items
200-204
IV.
Information and disclosures related to the statement of income
204-209
V Information and disclosures related to statement of changes in shareholders’ equity
209-211
VI
Information and disclosures on statement of cash flows
211-212
VII.
Information and disclosures related to the Bank’s risk group
213-214
VIII
Information on domestic, foreign and off-shore branches or investments and foreign representative offices
214
SECTION SIX
Other Disclosures
I.
Other disclosures on the Bank’s activity
215
II.
Information on the Bank’s rating given by international credit rating institutions
215
III.
Significant events and matters subsequent to balance sheet date that are not resulted
216
IV Significant foreign currency exchange rate fluctuations that are subsequent to reporting date
216
SECTION SEVEN
Independent Auditors’ Audit Report
I.
Information on Independent Auditors’ Audit Report
216
