VAKIFBANK
2015 ANNUAL REPORT
160
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.)
The interest rate risk of the banking book items
Frequency of Measurement Rate of Interest Rate Risk
Interest rate risk arising from banking book accounts is calculated in accordance with “Regulation on Measurement and Assessment of Interest Rate Risk
Arising from Banking Book Accounts according to Standard Shock Technique” published in the 23 August 2011 dated Official Gazette no. 28034. Legal
limit is monthly monitored and reported accordingly.
The economic value changes arising from the interest rate fluctuations which are measured according to “Regulation on Measurement and Assessment
of Interest Rate Risk Arising from Banking Book Accounts according to Standard Shock Technique” are presented in the below table:
Currency Unit-Current Period
Applied Shock
(+/- x base point)
Gain/Loss
Gain/Equity-
Loss/Equity
1. TRY
500 / (400)
(2,022,909) /
1,994,966 (%9.45) / %9.32
2. EURO
200 / (200) 237,097 / (30,443)
%1.11 / (%0.14)
3. US Dollar
200 / (200) 592,183 / (522,416)
%2.76 / (%2.44)
Total (For Negative Shocks)
-
1,442,107
6.74%
Total (For Positive Shocks)
-
(1,193,629)
(5.58%)
Currency Unit-Prior Period
Applied Shock
(+/- x base point)
Gain/Loss
Gain/Equity-
Loss/Equity
1. TRY
500 / (400)
(2,440,546) /
2,452,172 (%13.54) / %13.61
2. EURO
200 / (200)
178,773 / (9,440)
%0.99 / (%0.05)
3. US Dollar
200 / (200) 441,639 / (383,071)
%2.45 / (%2.13)
Total (For Negative Shocks)
-
2,059,661
%11.43
Total (For Positive Shocks)
-
(1,820,134)
(%10.10)
Stock position risks arising from banking book items
Information on separations of risks according to objectives including their relation with gains presented in equity and strategically reasons,
accounting techniques and general information about valuation methods with the related assumptions and factors that affect the valuation and
significant changes
If carrying value is substantially different from fair value and for publicly traded shares if market value is substantially different from fair value, the
comparison with the market prices are shown in the table below:
Current Period
Comparison
Stock Investments
Carrying Value
Fair Value
(*)
Market Value
(*)
Stocks quoted in exchange
(*)
548,852
548,852
548,852
1.Stocks Investments Group A
548,852
548,852
548,852
2.Stock Investments Group B
-
-
-
3.Stock Investment Group C
-
-
-
Stocks unquoted in exchange
(**)
1,405,010
1,273,616
-
(*)
The values of stocks traded in Stock Exchange are included to both columns assuming the market value is approximate to fair value.
(**)
The values of stocks unquoted in exchange are determined according to valuation reports prepared by independent valuation companies.
