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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.)
The general provision for credit risk amounts to TL 1,957,603 (31 December 2014: TL 1,603,242).
Risk Classifications:
Current Period
Risk Amount
(**)
Average
Risk Amount
(*)
Claims on sovereigns and Central Banks
57,024,024
57,630,354
Claims on regional governments or local authorities
3,701,832
3,256,170
Claims on administrative bodies and other non-commercial undertakings
1,110,567
1,084,244
Claims on multilateral development banks
219
36
Claims on international organizations
-
-
Claims on banks and intermediary institutions
10,498,291
12,197,625
Claims on corporate
62,902,098
60,633,093
Claims included in the regulatory retail portfolios
28,722,154
28,205,081
Claims secured by residential property
39,642,054
36,961,615
Past due loans
908,934
578,050
Higher risk categories decided by the Agency
11,406,846
11,243,906
Marketable securities secured by mortgages
-
-
Securitization exposures
-
-
Short-term claims and short-term corporate claims on banks and intermediary institutions
-
-
Undertakings for collective investments in mutual funds
-
548
Other claims
7,429,686
5,998,450
(*)
Average risk amount is calculated based on the arithmetic average of the monthly risk amounts after conversion for January-December 2015 period.
(**)
Before reducing the credit risk, the rate of the post credit conversion is given.
Risk Classifications:
Prior Period
Risk Amount
(**)
Average
Risk Amount
(*)
Claims on sovereigns and Central Banks
52,348,682
47,375,472
Claims on regional governments or local authorities
2,990,873
2,407,535
Claims on administrative bodies and other non-commercial undertakings
1,053,325
764,673
Claims on multilateral development banks
-
-
Claims on international organizations
-
-
Claims on banks and intermediary institutions
16,770,100
14,357,255
Claims on corporate
51,793,913
46,819,372
Claims included in the regulatory retail portfolios
24,732,075
23,261,714
Claims secured by residential property
32,867,468
29,887,421
Past due loans
320,657
338,704
Higher risk categories decided by the Agency
12,635,218
11,653,113
Marketable securities secured by mortgages
-
-
Securitization exposures
-
Short-term claims and short-term corporate claims on banks and intermediary institutions
-
-
Undertakings for collective investments in mutual funds
-
-
Other claims
5,656,295
5,007,540
(*)
Average risk amount is calculated based on the arithmetic average of the monthly risk amounts after conversion for January-December 2014 period.
(**)
Before reducing the credit risk, the rate of the post credit conversion is given.
