VAKIFBANK
2015 ANNUAL REPORT
172
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.)
Major financial statement items according to business lines:
Current Period
Retail Banking
Corporate
Banking
Investment
Banking
Other Total Operations
OPERATING INCOME/ EXPENSES
Interest Income
4,218,690
6,496,941
2,912,897
1,522
13,630,050
Interest income from loans
4,218,690
6,496,941
814,047
-
11,529,678
Interest income from reserve deposits
-
-
38,684
-
38,684
Interest income from securities portfolio
-
-
2,049,544
-
2,049,544
Interest income from banks
-
-
10,622
-
10,622
Interest income from money market transactions
-
-
-
-
-
Other interest income
-
-
-
1,522
1,522
Interest Expense
2,517,946
3,434,680
2,159,815
31,128
8,143,569
Interest expense on deposits
2,517,946
3,424,053
189,011
-
6,131,010
Interest expense on funds borrowed
-
10,627
250,209
-
260,836
Interest expense on money market transactions
-
-
881,816
-
881,816
Interest expense on securities issued
-
-
596,952
-
596,952
Other interest expenses
-
-
241,827
31,128
272,955
Net Interest Income
1,700,744
3,062,261
753,082
(29,606)
5,486,481
Net Fees and Commissions Income
396,068
431,202
93,814
-
921,084
Trading Income/ Losses (Net)
-
-
99,474
-
99,474
Dividend Income
-
-
62,219
-
62,219
Other Income
(*)
-
-
-
1,048,278
1,048,278
Provision For Losses on Loans and Other Receivables
738,488
415,514
28,107
354,951
1,537,060
Other Expenses
(**)
-
-
-
3,610,183
3,610,183
Profit Before Taxes
1,358,324
3,077,949
980,482 (2,946,462)
2,470,293
Provision for taxes
-
-
-
(540,184)
(540,184)
Net Profit/ Loss
1,358,324
3,077,949
980,482 (3,486,646)
1,930,109
SEGMENT ASSETS
Securities Portfolio
-
-
24,451,698
-
24,451,698
Derivative Financial Assets Held for Trading Purpose
-
-
885,467
-
885,467
Banks and Receivables From Money Markets
-
-
5,234,266
-
5,234,266
Investments in Associates and Subsidiaries
-
-
1,874,609
-
1,874,609
Loans and Receivables
36,849,266
69,990,429
16,940,958
-
123,780,653
Other Assets
-
-
20,379,948
6,340,483
26,720,431
TOTAL ASSETS
36,849,266
69,990,429
69,766,946
6,340,483 182,947,124
SEGMENT LIABILITIES
Deposits
45,072,299
59,247,352
5,602,883
-
109,922,534
Derivative Financial Liabilities Held for Trading Purpose
-
-
289,589
-
289,589
Interbank Money Market Takings
-
-
12,744,041
-
12,744,041
Funds Borrowed
-
371,535
18,184,462
-
18,555,997
Securities Issued
-
-
10,547,759
-
10,547,759
Other Liabilities
-
-
4,759,494
5,945,955
10,705,449
Provisions and Tax Liabilities
-
-
-
3,414,207
3,414,207
Equity
-
-
-
16,767,548
16,767,548
TOTAL LIABILITIES AND EQUITY
45,072,299
59,618,887
52,128,228
26,127,710 182,947,124
(*)
TL760,611 amount of TL1,048,278 shown in other income line consists of rejecting reserves from previous periods, TL108,405 of income from sale of Bank’s assets, TL50,723 from communications income and remaining TL128,539
of other income.
(**)
TL1,380,439 amount of TL3,610,183 shown in other expenses line consists of personnel expenses, TL1,363,500 of other operating expenses, TL157,738 of depreciation expenses, TL144,017 of dividend reserves expenses to be
given to personnel, TL115,916 of Savings Deposit Insurance Fund (SDIF) expenses, TL114,138 of taxes and funds expenses, and the remaining TL334,435 of other expenses.
