VAKIFBANK
2015 ANNUAL REPORT
150
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI
UNCONSOLIDATED FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Loans
Prior Period
Impaired
(*)
Past Due
(**)
Value
Adjustments
(***)
Provisions
Agricultural
83,397
33,519
806
81,560
Farming and raising livestock
72,134
29,466
632
70,661
Forestry
7,255
1,271
90
6,917
Fishing
4,008
2,782
84
3,982
Manufacturing
836,017
281,898
11,181
807,279
Mining
29,054
7,706
3,240
28,379
Production
801,801
269,229
7,900
774,085
Electric, Gas, Water
5,162
4,963
41
4,815
Construction
443,816
179,450
5,530
421,708
Services
1,282,999
1,286,706
29,871
1,199,082
Wholesale and retail trade
801,397
599,838
15,099
751,491
Hotel, Food and Beverage Services
46,878
78,793
1,445
44,130
Transportation and telecommunication
279,587
433,429
9,073
260,933
Financial Institutions
4,889
2,999
78
4,160
Real estate and renting services
9,901
8,672
234
8,788
Self-employment services
109,544
121,114
3,041
101,835
Education services
6,055
9,717
170
4,031
Health and social services
24,748
32,144
731
23,714
Other
1,328,143
1,983,048
79,209
1,224,668
Total
3,974,372
3,764,621
126,597
3,734,297
(*)
Impaired loans are composed of group three, four and five loans.
(**)
Past due loans and other receivables consist of loans and other receivables that are past due up to ninety days.
(***)
Value adjustments represents general provisions of non-performing loans.
Current Period
The opening Balance
Provisions
amounts set aside
during the period
The cancelation
of the provisions
Other
Adjustments
(*)
Closing Balance
Specific Provisions
3,734,297
1,030,299
(720,558)
-
4,044,038
General Provisions
1,603,242
354,951
-
(590)
1,957,603
(*)
Includes effect of currency translations differences and other provisions’ classifications.
Prior Period
The opening Balance
Provisions
amounts set aside
during the period
The cancelation
of the provisions
Other
Adjustments
(*)
Closing Balance
Specific Provisions
3,275,433
1,145,464
(686,600)
-
3,734,297
General Provisions
1,190,739
413,501
-
(998)
1,603,242
(*)
Includes effect of currency translations differences and other provisions’ classifications
Fair value of collateral held against impaired loans
31 December 2015 31 December 2014
Cash collateral
(*)
-
-
Mortgage
1,739,554
1,131,152
Promissory note
(*)
-
-
Others
(**)
3,110,659
2,843,220
Total
4,850,213
3,974,372
(*)
As a policy, it is aimed to utilize from cash collateral or liquidate promissory note for an impaired loan collateralized by cash collateral or promissory note to cover the credit risk. Hence, cash collateral and promissory note are shown
as zero in the table above.
(**)
Sureties obtained for impaired loans are presented in this raw to the extent that the amount does not exceed the amount of impaired loans.
