VAKIFBANK
2015 ANNUAL REPORT
220
Page No
SECTION ONE
General Information
I.
History of the Parent Bank including its incorporation date, initial legal status, amendments to legal status
221
II.
The Parent Bank’s shareholder structure, management and internal audit, direct and indirect shareholders, change in shareholder structure during the period and information on Bank’s risk group
221
III.
Information on the Parent Bank’s chairman and members of the board of directors, audit committee members, general manager, assistant general managers and their shares in the Bank
222
IV.
Information on the Parent Bank’s qualified shareholders
223
V.
Information about the services and nature of activities of the Parent Bank
223
VI.
Differences between the communique on preparation of consolidated financial statements of banks and Turkish accounting standards and short explanatıon about the institutions subject to
line-by-line method or proportional consolidation and institutions which are deducted from equity or not included in these three methods
223
VII
Current of likely actual or legal barriers to immediate transfer of equity or repayment of debts between the Parent Bank and its subsidiaries
223
SECTION TWO
Consolidated Financial Statements
I.
Consolidated balance sheet – Assets
224
II.
Consolidated balance sheet - Liabilities and equity
225
III.
Consolidated off-balance sheet items
226
IV.
Consolidated statement of income
227
V.
Consolidated statement of profit and loss items accounted under shareholders’ equity
228
VI.
Consolidated statement of changes in equity
229-230
VII.
Consolidated statement of cash flows
231
VIII. Consolidated statement of profit distribution
232
SECTION THREE
Accounting Policies
I.
Basis of presentation
233
II.
Strategy for the use of financial instruments and information on foreign currency transactions
233-234
III.
Information on associates that are consolidated and subsidiaries that are accounted according to equity method
234-235
IV.
Information on forwards, options and other derivative transactions
235
V.
Information on interest income and expenses
235-236
VI.
Information on fees and commissions
236
VII.
Information on financial assets
236-237
VIII. Information on impairment of financial assets
237
IX.
Information on offsetting of financial instruments
237
X.
Information on sales and repurchase agreements and securities lending
238
XI. Information on assets held for sale and discontinued operations
238
XII.
Information on goodwill and other intangible assets
238
XIII. Information on tangible assets
239
XIV. Information on investment properties
239
XV.
Information on leasing activities
240
XVI. Information on provisions, contingent assets and liabilities
240
XVII. Information on obligations of the Group concerning employee rights
240-242
XVIII. Information on taxation
242-243
XIX Information on cash and cash equivalents
243
XX.
Additional information on borrowings
244
XXI. Information on issuance of equity securities
244
XXII. Information on confirmed bills of exchange and acceptances
244
XXIII. Information on government incentives
244
XXIV. Information on segment reporting
244
XXV. Other matters
245-246
SECTION FOUR
Information Related to the Financial Position of the Group
I.
Consolidated capital adequacy ratio
247-253
II.
Consolidated credit risk
253-262
III.
Consolidated market risk
263-264
IV.
Consolidated operational risk
264
V.
Consolidated foreign currency exchange risk
265-267
VI.
Consolidated interest rate risk
268-272
VII.
Consolidated liquidity risk and liquidity coverage ratio
272-279
VIII. Fair values on financial assets and liabilities
279-281
IX.
Transactions carried out on behalf of customers, items held in trust
281
X.
Consolidated segment reporting
281-283
SECTION FIVE
Disclosures and Footnotes on Consolidated Financial Statements
I.
Information and disclosures related to consolidated assets
284-302
II.
Information and disclosures related to consolidated liabilities
303-309
III.
Information and disclosures related to consolidated off-balance sheet items
310-315
IV.
Information and disclosures related to consolidated statement of income
315-321
V.
Information and disclosures related to statement of changes in shareholders’ equity
321-322
VI.
Information and disclosures related to statement of cash flows
322-324
VII.
Information and disclosures related to Parent Bank’s risk group
324-325
VIII. Information on domestic, foreign and off-shore branches or investments and foreign representative offices of the Parent Bank
326
SECTION SIX
Other Disclosures and Footnotes
I.
Other disclosures on the Parent Bank’s activity
327
II.
Information on the Parent Bank’s rating given by international credit rating institutions
327
III.
Significant events and matters subsequent to balance sheet date that are not resulted
328
IV.
Significant foreign currency exchange rate fluctuations that are subsequent to reporting date
328
SECTION SEVEN
Auditors’ Review Report
I.
Information on Auditors’ Review Report
329
