VAKIFBANK
2015 ANNUAL REPORT
226
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND
ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED OFF-BALANCE SHEET
AS AT 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
The accompanying explanations and notes form an integral part of these consolidated financial statements.
Audited Current Period
31 December 2015
Audited Prior Period
31 December 2014
Notes
TL
FC
TOTAL
TL
FC
TOTAL
A.
OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III)
54,303,859
64,173,751
118,477,610
42,988,855
49,879,901
92,868,756
I.
GUARANTEES AND SURETIES
V-III-2-4
22,126,363
10,993,538
33,119,901
16,892,950
11,782,097
28,675,047
1.1
Letters of guarantee
V-III-1
21,980,769
4,816,824
26,797,593
16,842,349
4,616,458
21,458,807
1.1.1
Guarantees subject to State Tender Law
2,542,809
2,199,589
4,742,398
1,869,107
2,266,261
4,135,368
1.1.2
Guarantees given for foreign trade operations
1,030,530
-
1,030,530
913,389
-
913,389
1.1.3
Other letters of guarantee
18,407,430
2,617,235
21,024,665
14,059,853
2,350,197
16,410,050
1.2
Bank acceptances
86,762
1,389,251
1,476,013
20,836
1,943,257
1,964,093
1.2.1
Import letter of acceptance
1,590
189,471
191,061
2,190
78,990
81,180
1.2.2
Other bank acceptances
85,172
1,199,780
1,284,952
18,646
1,864,267
1,882,913
1.3
Letters of credit
16,306
4,772,403
4,788,709
-
5,212,911
5,212,911
1.3.1
Documentary letters of credit
16,306
4,772,403
4,788,709
-
5,212,911
5,212,911
1.3.2
Other letters of credit
-
-
-
-
-
-
1.4
Guaranteed pre-financings
-
2,314
2,314
-
1,845
1,845
1.5
Endorsements
-
-
-
-
-
-
1.5.1
Endorsements to the Central Bank of Republic of Turkey
-
-
-
-
-
-
1.5.2
Other endorsements
-
-
-
-
-
-
1.6
Marketable securities underwriting commitments
-
-
-
-
-
-
1.7
Factoring related guarantees
42,526
2,224
44,750
29,765
5,023
34,788
1.8
Other guarantees
-
10,522
10,522
-
2,603
2,603
1.9
Other sureties
-
-
-
-
-
-
II.
COMMITMENTS
21,560,921
13,287,107
34,848,028
19,426,933
7,734,462
27,161,395
2.1
Irrevocable commitments
19,153,861
3,897,112
23,050,973
17,917,041
2,878,768
20,795,809
2.1.1
Asset purchase commitments
V-III-1
112,420
3,730,953
3,843,373
46,228
2,640,634
2,686,862
2.1.2
Deposit purchase and sales commitments
-
-
-
-
-
-
2.1.3
Share capital commitments to associates and subsidiaries
V-III-1
-
-
-
-
-
-
2.1.4
Loan granting commitments
V-III-1
8,482,816
11,931
8,494,747
8,053,342
14,859
8,068,201
2.1.5
Securities issuance brokerage commitments
-
-
-
-
-
-
2.1.6
Commitments for reserve deposit requirements
-
-
-
-
-
-
2.1.7
Commitments for cheque payments
V-III-1
1,805,569
-
1,805,569
1,638,976
-
1,638,976
2.1.8
Tax and fund obligations on export commitments
-
-
-
-
-
-
2.1.9
Commitments for credit card limits
V-III-1
7,399,361
-
7,399,361
7,641,987
-
7,641,987
2.1.10
Commitments for credit card and banking operations promotions
196,037
-
196,037
247,938
-
247,938
2.1.11
Receivables from "short" sale commitments on securities
-
-
-
-
-
-
2.1.12
Payables from "short" sale commitments on securities
-
-
-
-
-
-
2.1.13
Other irrevocable commitments
1,157,658
154,228
1,311,886
288,570
223,275
511,845
2.2
Revocable commitments
2,407,060
9,389,995
11,797,055
1,509,892
4,855,694
6,365,586
2.2.1
Revocable loan granting commitments
2,407,060
9,389,995
11,797,055
1,509,892
4,817,757
6,327,649
2.2.2
Other revocable commitments
-
-
-
-
37,937
37,937
III.
DERIVATIVE FINANCIAL INSTRUMENTS
V-III-5
10,616,575
39,893,106
50,509,681
6,668,972
30,363,342
37,032,314
3.1
Derivative financial instruments held for risk management
-
-
-
-
-
-
3.1.1
Fair value hedges
-
-
-
-
-
-
3.1.2
Cash flow hedges
-
-
-
-
-
-
3.1.3
Net foreign investment hedges
-
-
-
-
-
-
3.2
Trading derivatives
10,616,575
39,893,106
50,509,681
6,668,972
30,363,342
37,032,314
3.2.1
Forward foreign currency purchases/sales
211,514
257,246
468,760
242,929
312,275
555,204
3.2.1.1
Forward foreign currency purchases
106,014
128,693
234,707
121,619
156,202
277,821
3.2.2.2
Forward foreign currency sales
105,500
128,553
234,053
121,310
156,073
277,383
3.2.2
Currency and interest rate swaps
9,535,325
31,037,511
40,572,836
5,782,733
22,857,662
28,640,395
3.2.2.1
Currency swaps-purchases
4,474,398
12,245,882
16,720,280
1,810,386
11,235,508
13,045,894
3.2.2.2
Currency swaps-sales
4,160,927
6,377,871
10,538,798
3,772,347
4,343,916
8,116,263
3.2.2.3
Interest rate swaps-purchases
450,000
6,206,879
6,656,879
100,000
3,639,119
3,739,119
3.2.2.4
Interest rate swaps-sales
450,000
6,206,879
6,656,879
100,000
3,639,119
3,739,119
3.2.3
Currency, interest rate and security options
258,134
255,396
513,530
385,290
671,258
1,056,548
3.2.3.1
Currency call options
65,004
185,976
250,980
192,645
335,629
528,274
3.2.3.2
Currency put options
193,130
69,420
262,550
192,645
335,629
528,274
3.2.3.3
Interest rate call options
-
-
-
-
-
-
3.2.3.4
Interest rate put options
-
-
-
-
-
-
3.2.3.5
Security call options
-
-
-
-
-
-
3.2.3.6
Security put options
-
-
-
-
-
-
3.2.4
Currency futures
-
-
-
-
-
-
3.2.4.1
Currency futures-purchases
-
-
-
-
-
-
3.2.4.2
Currency futures-sales
-
-
-
-
-
-
3.2.5
Interest rate futures
-
-
-
-
-
-
3.2.5.1
Interest rate futures-purchases
-
-
-
-
-
-
3.2.5.2
Interest rate futures-sales
-
-
-
-
-
-
3.2.6
Other
611,602
8,342,953
8,954,555
258,020
6,522,147
6,780,167
B.
CUSTODY AND PLEDGED ITEMS (IV+V+VI)
900,903,931
422,152,366 1,323,056,297
707,625,482
298,960,692 1,006,586,174
IV.
ITEMS HELD IN CUSTODY
75,156,434
3,413,733
78,570,167
59,034,803
2,220,606
61,255,409
4.1
Customers' securities held
682,348
28,306
710,654
519,902
22,567
542,469
4.2
Investment securities held in custody
63,234,788
118,086
63,352,874
48,314,735
94,082
48,408,817
4.3
Checks received for collection
9,151,798
2,345,788
11,497,586
8,405,605
1,486,159
9,891,764
4.4
Commercial notes received for collection
1,265,535
450,126
1,715,661
1,197,188
254,511
1,451,699
4.5
Other assets received for collection
2,152
116
2,268
2,152
93
2,245
4.6
Assets received through public offering
-
-
-
-
6,818
6,818
4.7
Other items under custody
24,796
66,158
90,954
17,091
87,256
104,347
4.8
Custodians
795,017
405,153
1,200,170
578,130
269,120
847,250
V.
PLEDGED ITEMS
235,457,258
82,272,386
317,729,644
180,417,729
59,408,743
239,826,472
5.1
Securities
435,618
14,171
449,789
242,862
18,614
261,476
5.2
Guarantee notes
793,282
429,076
1,222,358
944,683
232,965
1,177,648
5.3
Commodities
28,164,121
681,732
28,845,853
25,696,626
590,812
26,287,438
5.4
Warranties
-
-
-
-
-
-
5.5
Real estates
191,799,623
67,309,165
259,108,788
142,345,512
47,319,679
189,665,191
5.6
Other pledged items
13,661,436
13,683,601
27,345,037
10,335,024
11,114,594
21,449,618
5.7
Pledged items-depository
603,178
154,641
757,819
853,022
132,079
985,101
VI.
CONFIRMED BILLS OF EXCHANGE AND SURETIES
590,290,239
336,466,247
926,756,486
468,172,950
237,331,343
705,504,293
TOTAL OFF-BALANCE SHEET ITEMS (A+B)
955,207,790
486,326,117 1,441,533,907
750,614,337
348,840,593 1,099,454,930
