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PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
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.)
Information about counterparty risk
Current Period
(*)
Prior Period
(*)
Contracts based on interest rate
148,593
60,885
Contracts based on currency
141,180
100,177
Contracts based on commodity
-
-
Contracts based on stocks
-
-
Other
-
-
Gross Positive Fair Value
289,773
161,062
Benefits of clarification
-
-
Clarified current risk amount
-
-
The securities which are held
-
-
The net position of derivatives
289,773
161,062
(*)
Counterparty risk related to purchase/sale accounts is given.
IV. OPERATIONAL RISK
The Bank calculated the value at operational risk in accordance with the third section of “Regulation Regarding Measurement and Assessment of
Capital Adequacy Ratios of Banks” that is “Computation of Value of Operational Risk” published in 28 June 2012 dated Official Gazette no. 28337. The
operational risk which the Bank is exposed to is calculated according to the "Basic Indicator Method" hence by multiplying the average of the last three
years’ actual gross income with 12.5, in line with the effective legislation practices in the country.
Current Period
31 December 2012 31 December 2013 31 December 2014
Total / Total
number of years
for which gross
income is positive Rate (%)
Total
Gross Income
5,191,308
6,159,500
6,232,883
3
15
879,185
Amount subject to operational
risk Total*12.5)
10,989,807
Prior Period
31 December 2011 31 December 2012 31 December 2013
Total / Total
number of years
for which gross
income is positive Rate (%)
Total
Gross Income
6,159,500
5,191,308
4,205,182
3
15
777,799
Amount subject to operational
risk Total*12.5)
9,722,488
