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PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
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
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Summary information related to consolidated capital adequacy ratio
Current Period
Prior Period
Capital Requirement for Credit Risk (Value at Credit Risk*0.08) (CRCR)
11,200,599
9,782,654
Capital Requirement for Market Risk (MRCR)
116,352
63,924
Capital Requirement for Operational Risk (ORCR)
(*)
876,010
768,723
Shareholders’ Equity
21,651,824
18,212,972
Shareholders’ Equity/((CRCR+MRCR+ORCR) *12.5)*100
14.21
13.73
Tier I Capital/((CRCR+MRCR+ORCR) *12.5)*100
10.95
11.07
Common Equity Tier I Capital/((CRCR+MRCR+ORCR)*12.5)*100
11.03
11.17
(*)
In accordance with the BDDK.BYD.126.01 numbered and 7 February 2008 dated BRSA circular, capital adequacy ratio as at 2015 was measured by taking value at operational risk calculated based on gross incomes for the years
ended 2014, 2013 and 2012 into consideration. For the year 2014, value at operational risk is being calculated based on gross incomes for the years ended 2013, 2012 and 2011.
Information about the consolidated shareholder equity items
Current Period
Prior Period
COMMON EQUITY TIER I CAPITAL
Paid-in Capital to be Entitled for Compensation after all Creditors
2,500,000
2,500,000
Share Premium
727,780
727,780
Share Cancellation Profits
-
-
Reserves
10,333,662
8,794,590
Other Comprehensive Income according to TAS
970,668
574,394
Profit
2,015,941
1,873,992
Current Period Profit
1,948,588
1,805,677
Previous Period Profit
67,353
68,315
General Reserves for Possible Losses
-
-
Bonus shares from Associates, Subsidiaries, and Joint-Ventures not Accounted in Current Period’s Profit
3,683
3,683
Minority Shares
500,271
481,423
Common Equity Tier I Capital Before Deductions
17,052,005
14,955,862
Deductions from Common Equity Tier I Capital
Current and Prior Periods’ Losses not Covered by Reserves, and Losses Accounted under Equity according to TAS(-)
54,370
-
Leasehold Improvements on Operational Leases(-)
106,676
98,818
Goodwill and Other Intangible Assets and Related Deferred Taxes(-)
80,615
32,447
Net Deferred Tax Asset/Liability (-)
-
-
Shares Obtained against Article 56, Paragraph 4 of the Banking Law(-)
-
-
Direct and Indirect Investments of the Bank on its own Tier I Capital (-)
-
-
Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of
Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-)
-
-
Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of
Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-)
-
-
Mortgage Servicing Rights Exceeding the 10% Threshold of Tier I Capital (-)
-
-
Net Deferred Tax Assets arising from Temporary Differences Exceeding the 10% Threshold of Tier I Capital (-)
-
-
Amount Exceeding the 15% Threshold of Tier I Capital as per the Article 2, Clause 2 of the Regulation on Measurement and Assessment of Capital Adequacy
Rations of Banks (-)
-
-
The Portion of Net Long Position of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more
than the Issued Share Capital not deducted from Tier I Capital(-)
-
-
Mortgage Servicing Rights not deducted (-)
-
-
Excess Amount arising from Deferred Tax Assets from Temporary Differences (-)
-
-
Other items to be Defined by the BRSA (-)
-
-
Deductions from Tier I Capital in cases where there are no adequate Additional Tier I or Tier II Capitals (-)
-
-
Total Deductions from Common Equity Tier I Capital
241,661
131,265
Total Common Equity Tier I Capital
16,810,344
14,824,597
ADDITIONAL CORE CAPITAL
-
-
Preferred Stock not Included in Tier I Capital and the Related Share Premiums
-
-
Debt Instruments and the Related Issuance Defined by the BRSA (Issued or Obtained after 01.01.2014)
-
-
Debt Instruments and the Related Issuance Premiums Defined by the BRSA (Issued or Obtained before 01.01.2014)
-
-
Shares in the Additional Core Capital of Third Parties
-
-
Additional Core Capital before Deductions
Deductions from Additional Core Capital
-
-
Direct and Indirect Investments of the Bank on its own Additional Core Capital (-)
-
-
Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the
Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-)
-
-
The Total of Net Long Position of the Direct or Indirect Investments in Additional Tier I Capital of Unconsolidated Banks and Financial Institutions where the
Bank Owns more of 10% of the Issued Share Capital (-)
-
-
Other items to be Defined by the BRSA (-)
-
-
The amount to be deducted from Additional Tier I Capital (-)
-
-
