VAKIFBANK
2015 ANNUAL REPORT
282
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.)
Retail banking customers form a wide-spread and sustainable deposit base for the Parent Bank. Individual customers’ needs are met by diversified
consumer banking products through branches and alternative delivery channels.
Major financial statement items according to business lines:
Current Period
Retail Banking Corporate Banking Investment Banking
Other
Total Operations
OPERATING INCOME/ EXPENSES
Interest Income
4,219,010
6,709,281
3,034,890
10,251
13,973,432
Interest income from loans
4,219,010
6,535,686
843,641
-
11,598,337
Interest income from reserve deposits
-
-
38,684
-
38,684
Interest income from securities portfolio
-
-
2,072,208
-
2,072,208
Interest income from banks
-
-
78,724
-
78,724
Interest income from money market transactions
-
-
1,633
-
1,633
Finance lease income
-
102,526
-
-
102,526
Other interest income
-
71,069
-
10,251
81,320
Interest Expense
2,558,344
3,428,744
2,214,157
36,919
8,238,164
Interest expense on deposits
2,558,344
3,367,161
190,194
-
6,115,699
Interest expense on funds borrowed
-
61,583
300,917
-
362,500
Interest expense on money market transactions
-
-
886,728
-
886,728
Interest expense on securities issued
-
-
595,176
-
595,176
Other interest expenses
-
-
241,142
36,919
278,061
Net Interest Income
1,660,666
3,280,537
820,733
(26,668)
5,735,268
Net Fees and Commissions Income
396,068
380,447
93,814
-
870,329
Trading Income/ Losses (Net)
-
-
139,931
-
139,931
Dividend Income
-
-
37,169
-
37,169
Other Income
(*)
-
-
-
2,036,648
2,036,648
Provision For Losses on Loans and Other Receivables
738,638
501,235
40,709
355,278
1,635,860
Other Expenses
(**)
-
-
-
4,817,078
4,817,078
Income/Loss From Investments Under Equity Accounting
-
-
34,617
-
34,617
Profit Before Taxes
1,318,096
3,159,749
1,085,555 (3,162,376)
2,401,024
Provision for taxes
-
-
-
(527,111)
(527,111)
Net Profit/ Loss
1,318,096
3,159,749
1,085,555 (3,689,487)
1,873,913
SEGMENT ASSETS
Securities Portfolio
-
-
25,124,235
-
25,124,235
Derivative Financial Assets Held for Trading Purpose
-
-
885,467
-
885,467
Banks and Receivables From Money Markets
-
-
6,182,718
-
6,182,718
Investments in Associates and Subsidiaries
-
-
566,352
-
566,352
Loans and Receivables
36,859,220
71,577,442
17,523,017
-
125,959,679
Other Assets
-
2,043,552
20,379,948
8,443,607
30,867,107
TOTAL ASSETS
36,859,220
73,620,994
70,661,737 8,443,607
189,585,558
SEGMENT LIABILITIES
Deposits
47,588,682
58,842,840
5,578,475
-
112,009,997
Derivative Financial Liabilities Held for Trading Purpose
-
-
304,352
-
304,352
Interbank Money Market Takings
-
-
12,827,198
-
12,827,198
Funds Borrowed
-
371,535
19,823,512
-
20,195,047
Securities Issued
-
-
10,646,708
-
10,646,708
Other Liabilities
-
5
4,745,571
6,257,930
11,003,506
Provisions and Tax Liabilities
-
-
-
5,595,995
5,595,995
Equity
-
-
-
17,002,755
17,002,755
TOTAL LIABILITIES AND EQUITY
47,588,682
59,214,380
53,925,816 28,856,680
189,585,558
(*)
TL 767,881 amount of TL 2,036,648 shown in other incomes consists of acquired insurance premiums, TL 763,294 of rejecting reserves from previous periods, TL 109,681 of income from the sale of Group’s assets, TL 80,490 of
leasing income, TL 64,583 of income from private pension activities, TL 50,723 of communications income and the remaining TL 199,996 of other operating income.
(**)
TL 1,539,206 amount of TL 4,817,078 shown in other expenses line consists of personnel expenses, TL 2,046,058 of other operating expenses, TL169,495 of depreciation expenses, TL144,017 of dividend reserves expenses to be
given to personnel, TL 115,916 of Savings Deposit Insurance Fund (SDIF) expenses, TL125,706 of taxes and funds expenses, and the remaining TL 676,680 of other expenses.
