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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.)
Specific provisions for loans
Current Period
Prior Period
Loans and Receivables with Limited Collectability
96,407
60,286
Loans and Receivables with Doubtful Collectability
386,298
546,295
Uncollectible Loans and Receivables
3,561,333
3,127,716
Total
4,044,038
3,734,297
Information on non-performing loans (Net)
Information on non-performing loans and other receivables restructured or rescheduled
Group III
Group IV
Group V
Loans and
receivables with
limited collectability
Loans and
receivables with
doubtful collectability
Uncollectible loans
and receivables
Current period
51,611
88,881
59,591
(Gross amounts before the specific reserves)
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
51,611
88,881
59,591
Prior period
34,563
92,576
82,945
(Gross amounts before the specific reserves)
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
34,563
92,576
82,945
Movements in non-performing loan groups
Group III
Group IV
Group V
Loans and
receivables with
limited collectability
Loans and
receivables with
doubtful collectability
Uncollectible loans
and receivables
Balance at the beginning of the period
300,361
546,295
3,127,716
Additions (+)
1,908,973
24,763
34,965
Transfers from other categories of loans under follow-up (+)
-
1,523,175
1,114,961
Transfers to other categories of loans under follow-up (-)
(*)
1,563,650
1,031,863
125,124
Collections (-)
163,649
290,216
556,494
Write-offs (-)
-
-
-
Corporate and commercial loans
-
-
-
Retail loans
-
-
-
Credit cards
-
-
-
Other
-
-
-
Balance at the end of the period
482,035
772,154
3,596,024
Specific provision (-)
(**)
96,407
386,298
3,561,333
Net balance
385,628
385,856
34,691
(*)
Loans that are transferred from restructured loans to non-performing loans and from non-performing loans to restructured loans are presented in the Transfers from and to other categories of loans under follow-up lines.
(**)
As of 31 December 2015, the Bank reserved 100% provision for TL 12,818 after the date it was placed in the 5th group, which is the remaining portion of non-performing loans of TL 47,500 given to a group when guarantees are
taken into consideration.
