VAKIFBANK
2015 ANNUAL REPORT
166
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.)
Residual contractual maturities of the financial liabilities
Current Period
Carrying amount
Gross nominal
outflow Demand
Less than
one month 1-3 months 3 months to 1 year
1-5 years More than 5 years
Bank deposits
5,602,883
5,617,785
385,739
4,514,733
562,204
155,109
-
-
Other deposits
104,319,651 159,034,343
19,892,221
90,652,689
33,501,072
14,911,861
76,500
-
Funds borrowed
18,555,997
20,025,703
-
299,282
704,682
9,491,948
3,333,188
6,196,603
Money market takings
12,744,041
12,759,688
-
11,143,452
1,151,513
-
399,406
65,317
Issued Securities (Net)
10,547,759
11,297,272
-
1,185,490
1,246,388
1,897,286
6,968,108
-
Miscellaneous payables
4,160,217
4,160,217
834,101
3,258,356
67,760
-
-
-
Other liabilities
6,530,395
8,450,423
1,711,193
377,119
37,965
39,193
83,026
6,201,927
Total
162,460,943 221,345,431 22,823,254 111,431,121 37,271,584
26,495,397 10,860,228
12,463,847
Non-Cash Loans
33,068,361 33,068,361
2,663,320
951,139 19,396,626
5,498,569
4,034,068
524,639
Prior Period
Carrying amount
Gross nominal
outflow Demand
Less than
one month 1-3 months 3 months to 1 year
1-5 years More than 5 years
Bank deposits
4,876,059
4,879,012
59,910
4,341,671
453,419
24,012
-
-
Other deposits
86,880,909
87,345,379
16,752,913
45,091,487
19,424,640
6,056,284
20,055
-
Funds borrowed
14,927,048
15,845,654
-
1,240,618
854,153
6,607,235
2,794,190
4,349,458
Money market takings
16,385,302
16,396,538
-
15,604,502
233,628
351,133
-
207,275
Issued Securities (Net)
10,457,757
11,312,237
-
713,864
2,208,287
2,407,908
5,982,178
-
Miscellaneous payables
3,160,415
3,160,415
322,656
2,781,158
56,601
-
-
-
Other liabilities
3,601,609
4,553,819
904,356
393,062
35,016
9,687
37,883
3,173,815
Total
140,289,099 143,493,054 18,039,835 70,166,362 23,265,744
15,456,259
8,834,306
7,730,548
Non-Cash Loans
28,633,923 28,633,923
243,079
835,912 16,437,467
6,930,286
3,503,638
683,541
This table shows the undiscounted cash flows on the Bank’s financial liabilities on the basis of their earliest possible contractual maturity. Therefore, the
gross nominal outflows in the table above vary from the carrying amounts of the relevant financial liabilities reflected in the financial statements.
Securitization Positions
None.
Credit risk mitigation techniques
“Basic Financial Guarantee” method is used for the financial guarantees in accordance with “Communique on Credit Risk Mitigation”. Cash or cash
equivalent and guarantees are used in credit risk mitigation.
Applications on guarantees’ valuation and method
Policies on the valuation of financial guarantees and their evaluation and valuation of immovable that are received as mortgage for loans have been
formed. These policies and procedures are prepared in accordance with “Communique on Credit Risk Mitigation” and include minimum conditions
regarding guarantee valuation and management.
Types of main guarantees received
Main types of the guarantees that Bank receives for loans provided are mortgages, guarantees/sureties and financial guarantees.
Main guarantors, credit derivatives’ counterparties and their credit worthiness
Assessment of credit worthiness of main guarantors is determined and monitored in accordance with the lending and intelligence procedures of the
Bank.
Information about market and credit risk concentration in credit risk mitigation
Market risk and credit risk concentrations are carefully avoided.
