VAKIFBANK
2015 ANNUAL REPORT
174
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.)
SECTION FIVE
DISCLOSURE AND FOOTNOTES ON UNCONSOLIDATED FINANCIAL STATEMENTS
I. INFORMATION AND DISCLOSURES RELATED TO ASSETS
1. Cash and balances with Central Bank
Current Period
Prior Period
TL
FC
TL
FC
Cash
1,157,743
277,106
1,008,203
362,556
Central Bank of the Republic of Turkey
(*)
778,712
19,055,634
3,055,674
17,385,018
Other
197,525
18,069
62,451
11,077
Total
2,133,980
19,350,809
4,126,328
17,758,651
(*)
TL 18,422,690 (31 December 2014: TL 16,156,471) of the foreign currency deposit at Central Bank of the Republic of Turkey consists of foreign currency reserve deposits.
In accordance with “Announcement on Reserve Deposits” of CBRT numbered 2013/15, all banks operating in Turkey shall provide a reserve rate
ranging from 5% to 11.5% (31 December 2014: ranging from 5% to 11.5%). For foreign currency liabilities, all banks shall provide a reserve rate
ranging from 6% to 20% in US Dollar or Euro (31 December 2014: ranging from 6% to 13%).
According to 2014-72 numbered and 21 October 2014 dated announcement of Central Bank of the Republic of Turkey, interest has been started to be
paid for Turkish Lira reserve deposit beginning from November 2014.
According to 2015-35 numbered and 2 May 2015 dated announcement of Central Bank of Republic of Turkey, interest has started to be paid for US
Dollar denominated reserve deposits beginning from May 2015.
Balances with the Central Bank of Republic of Turkey
Current Period
Prior Period
TL
FC
TL
FC
Unrestricted Demand Deposits
760,146
632,944
3,054,416
1,228,547
Unrestricted Time Deposits
-
-
-
-
Restricted Time Deposits
105
-
3
-
Reserve Deposits
18,461
18,422,690
1,255
16,156,471
Total
778,712
19,055,634
3,055,674
17,385,018
2. Further information on financial assets at fair value through profit/loss
Financial assets at fair value through profit/loss given as collateral or blocked
None.
Trading securities subject to repurchase agreements
None.
