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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.)
Prior Period
Retail Banking
Corporate
Banking
Investment
Banking
Other Total Operations
OPERATING INCOME/ EXPENSES
Interest Income
3,573,807
5,319,575
2,477,707
2,498
11,373,587
Interest income from loans
3,573,807
5,319,575
433,033
-
9,326,415
Interest Income from reserve deposits
-
-
2,015
-
2,015
Interest income from securities portfolio
-
-
2,035,273
-
2,035,273
Interest income from banks
-
-
7,006
-
7,006
Interest income from money market transactions
-
-
380
-
380
Other interest income
-
-
-
2,498
2,498
Interest Expense
2,047,479
2,846,124
1,802,085
26,421
6,722,109
Interest expense on deposits
2,047,479
2,835,590
161,564
-
5,044,633
Interest expense on funds borrowed
-
10,534
156,942
-
167,476
Interest expense on money market transactions
-
-
912,931
-
912,931
Interest expense on securities issued
-
-
450,732
-
450,732
Other interest expenses
-
-
119,916
26,421
146,337
Net Interest Income
1,526,328
2,473,451
675,622
(23,923)
4,651,478
Net Fees and Commissions Income
350,757
300,020
58,557
-
709,334
Trading Income/ Losses (Net)
-
-
223,119
-
223,119
Dividend Income
-
-
66,288
-
66,288
Other Income
(*)
-
-
-
1,345,534
1,345,534
Provision For Losses on Loans and Other Receivables
541,083
681,603
35,680
413,501
1,671,867
Other Expenses
(**)
-
-
-
3,110,210
3,110,210
Profit Before Taxes
1,336,002
2,091,868
987,906 (2,202,100)
2,213,676
Provision for taxes
-
-
-
(460,403)
(460,403)
Net Profit/ Loss
1,336,002
2,091,868
987,906 (2,662,503)
1,753,273
SEGMENT ASSETS
Securities Portfolio
-
-
23,178,509
-
23,178,509
Derivative Financial Assets Held for Trading Purpose
-
-
379,576
-
379,576
Banks and Receivables From Money Markets
-
-
2,570,620
-
2,570,620
Investments in Associates and Subsidiaries
-
-
1,736,982
-
1,736,982
Loans and Receivables
32,952,925
61,106,957
10,523,635
-
104,583,517
Other Assets
-
-
20,860,935
4,907,587
25,768,522
TOTAL ASSETS
32,952,925
61,106,957
59,250,257
4,907,587 158,217,726
SEGMENT LIABILITIES
Deposits
36,352,846
50,528,063
4,876,059
-
91,756,968
Derivative Financial Liabilities Held for Trading Purpose
-
-
250,252
-
250,252
Interbank Money Market Takings
-
-
16,385,302
-
16,385,302
Funds Borrowed
-
225,187
14,701,861
-
14,927,048
Securities Issued
-
-
10,457,757
-
10,457,757
Other Liabilities
-
-
2,341,732
4,432,461
6,774,193
Provisions and Tax Liabilities
-
-
-
2,894,456
2,894,456
Equity
-
-
-
14,771,750
14,771,750
TOTAL LIABILITIES AND EQUITY
36,352,846
50,753,250
49,012,963
22,098,667 158,217,726
(*)
TL705,404 amount of TL1,345,534 shown in other income line consists of rejecting reserves from previous periods,TL381,987 of income from sale of Bank’s assets, TL85,302 of communication income and remaining TL172,841 of
other income.
(**)
TL1,232,995 amount of TL3,110,210 shown in other expenses line consists of personnel expenses, TL1,201,522 of other operating expenses, TL137,743 of depreciation expenses, TL129,797 of dividend provision expenses to be
given to personnel, TL93,190 of Savings Deposit Insurance Fund (SDIF) expenses, TL105,366 of taxes and funds expenses, and the remaining TL209,597 of other expenses.
