VAKIFBANK
2015 ANNUAL REPORT
252
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.)
Information about the debt instruments included in the consolidated equity calculation:
Issuer
T.Vakıflar Bankası T.A.O.
Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)
XS0849728190/ US90015NAB91
XS1175854923/ US90015WAC73
Governing law(s) of the instrument
Debt Instrument Communiqué numbered CMB-II-2-31.1
BRSA regulation on bank’s shareholder equity
Regulatory treatment
Subject to 10% deduction as of 1/1/2015
XS0849728190/ US90015NAB91 is subject to deduction.
XS1175854923/ US90015WAC73 is not subject to deduction.
Eligible at solo/group/group&solo
Available
Instrument type
Bond Issuance Possessing Subordinated Loan Conditions ( Tier II Capital)
Amount recognized in regulatory capital (Currency in mil, as of most recent reporting date)
3,346
Par value of instrument
4,059
Accounting classification
347011-Subordinated Liabilities
Original date of issuance
XS0849728190/ US90015NAB91 1 November 2012
XS1175854923/ US90015WAC73 2 February 2015
Perpetual or dated
XS0849728190/ US90015NAB91 Dated (10 years) Maturity Date: 1 November 2022
XS1175854923/ US90015WAC73 Dated (10 years) Maturity Date: 3 February 2025
Issue date
XS0849728190/ US90015NAB91 1 November 2012
XS1175854923/ US90015WAC73 2 February 2015
Issuer call subject to prior supervisory approval
Yes
Call option dates, conditioned call dates and call amount
XS0849728190/ US90015NAB91 not available.
XS1175854923/ US90015WAC73 early call date at 3 February 2020 is available.
Subsequent call dates, if applicable
XS0849728190/ US90015NAB91 not available.
XS1175854923/ US90015WAC73 only one call option is available.
Coupons / dividends
Fixed or floating dividend/coupon
Fixed/Interest payment once in six month, principal payment at the maturity date
Coupon rate and any related index
XS0849728190/ US90015NAB91 6% fixed interest rate
XS1175854923/ US90015WAC73 6,875% fixed interest rate
Existence of a dividend stopper
Nil
Fully discretionary, partially discretionary or mandatory
Nil
Existence of step up or other incentive to redeem
Nil
Noncumulative or cumulative
Noncumulative
Convertible or non-convertible
If convertible, conversion trigger (s)
Nil
If convertible, fully or partially
Nil
If convertible, conversion rate
Nil
If convertible, mandatory or optional conversion
Nil
If convertible, specify instrument type convertible into
Nil
If convertible, specify issuer of instrument it converts into
Nil
Write-down feature
If write-down, write-down trigger(s)
XS0849728190/ US90015NAB91 not available
XS1175854923/ US90015WAC73 available
Revoking the business activity of Bank according to 71 clause of 5411
numbered Banking Law or liquidation proceedings to Savings Deposit
Insurance Fund are the triggering events
If write-down, full or partial
XS0849728190/ US90015NAB91 not available
XS1175854923/ US90015WAC73 has full or partial write down feature.
If write-down, permanent or temporary
XS0849728190/ US90015NAB91 not available
XS1175854923/ US90015WAC73 has permanent write down feature.
If temporary write-down, description of write-up mechanism
XS0849728190/ US90015NAB91 not available
XS1175854923/ US90015WAC73 has no write-up mechanism.
Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Before debt instruments included in Tier II Capital after deposit and other receivables
Whether conditions which stands in article of 7 and 8 of Banks’ shareholder equity law are possessed or not Possess Article 8
According to article 7 and 8 of Banks' shareholders’ equity law that are not possessed
Not Possess Article 7
