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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.)
Whereas the Banks’ important fund sources are deposits, funds obtained from other financial institutions, marketable securities issued and funds
obtained from repo transactions.
Derivatives transactions with 30 or less days to maturity are included into liquidity coverage calculation with cash outflows created by the transactions
as of the calculated liquidity coverage rate. In case of a liability resulting from derivatives transactions and security fulfillment liability resulting from
other liabilities, actions are taken accordingly to the related regulation.
Maturity analysis of assets and liabilities according to remaining maturities
Current Period
Demand Up to 1 Month 1-3 Months
3-12 Months
1-5 Years 5 Years and Over
Undistributed
(*)
Total
Assets:
Cash and balance with CBRT
21,484,789
-
-
-
-
-
-
21,484,789
Banks
3,935,773
1,221,323
77,170
-
-
-
-
5,234,266
Financial assets at fair value
through profit/loss
-
91,549
7,289
70,041
648,185
68,403
-
885,467
Interbank money market
placements
-
-
-
-
-
-
-
-
Available-for-sale financial
assets
-
85,621
150,337
2,234,107
7,821,259
6,403,392
79,253 16,773,969
Loans and receivables
-
12,203,391
4,261,659
24,576,398
51,600,918
30,332,112
806,175 123,780,653
Held-to-maturity investments
-
421,753
-
-
3,774,047
3,481,929
-
7,677,729
Other assets
2,188
1,013,076
304
2,856
42,198
289
6,049,340
7,110,251
Total assets
25,422,750 15,036,713
4,496,759 26,883,402 63,886,607
40,286,125
6,934,768 182,947,124
Liabilities:
Bank deposits
385,739
4,509,576
555,665
151,903
-
-
-
5,602,883
Other deposits
19,892,221
58,717,429
19,396,268
6,282,049
31,684
-
-
104,319,651
Funds borrowed
-
298,609
702,288
9,409,878
2,934,999
5,210,223
-
18,555,997
Interbank money market
takings
-
11,133,014
1,148,950
-
397,450
64,627
-
12,744,041
Securities issued
-
1,179,387
1,234,924
1,844,429
6,289,019
-
-
10,547,759
Miscellaneous payables
-
3,258,356
67,760
-
-
-
834,101
4,160,217
Other liabilities
-
635,686
269,833
39,193
83,026
4,281,899
21,706,939 27,016,576
Total liabilities
20,277,960 79,732,057 23,375,688 17,727,452
9,736,178
9,556,749
22,541,040 182,947,124
Liquidity gap
5,144,790 (64,695,344) (18,878,929)
9,155,950 54,150,429
30,729,376 (15,606,272)
-
Net Off Balance Sheet Position
-
37,789
(15,679)
79,335
496,019
374,145
-
971,609
Receivables from Derivative
Financial Instruments
-
10,214,707
3,472,683
1,297,251
5,540,752
4,922,653
-
25,448,046
Payables from Derivative
Financial Instruments
-
10,176,918
3,488,362
1,217,916
5,044,733
4,548,508
-
24,476,437
Non-cash Loans
2,663,320
951,139 19,396,626
5,498,569
4,034,068
524,639
-
33,068,361
Prior Period
Demand Up to 1 Month 1-3 Months
3-12 Months
1-5 Years 5 Years and Over
Undistributed
(*)
Total
Total assets
20,926,527
14,139,195
4,676,850
21,078,355
55,931,161
36,611,257
4,854,381 158,217,726
Total liabilities
16,812,823
70,245,968
23,293,031
15,184,411
7,805,460
6,177,711
18,698,322 158,217,726
Liquidity gap
4,113,704 (56,106,773) (18,616,181)
5,893,944 48,125,701
30,433,546 (13,843,941)
-
Net Off Balance Sheet Position
-
(67,217)
28,994
231
200,669
298,287
-
460,964
Receivables from Derivative
Financial Instruments
-
9,251,387
2,398,788
442,164
2,710,310
3,531,257
-
18,333,906
Payables from Derivative
Financial Instruments
-
9,318,604
2,369,794
441,933
2,509,641
3,232,970
-
17,872,942
Non-cash Loans
243,079
835,912 16,437,467
6,930,286
3,503,638
683,541
-
28,633,923
(*)
Certain assets on the balance sheet that are necessary for the banking operations but not convertible into cash in short period such as tangible assets, intangible assets, associates, subsidiaries, miscellaneous receivables and
shareholder’s equity in the liabilities have been included in the “Undistributed” column.
