VAKIFBANK
2015 ANNUAL REPORT
290
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.)
Specific provisions for loans
Specific Provisions
Current Period
Prior Period
Loans and receivables with limited collectability
99,970
60,819
Loans and receivables with doubtful collectability
388,461
550,374
Uncollectible loans and receivables
3,740,748
3,250,115
Total
4,229,179
3,861,308
Information on non-performing loans (Net)
Information on non-performing loans and other receivables restructured or rescheduled
Group III
Group IV
Group V
Loans and
receivables
with limited
collectability
Loans and
receivables
with doubtful
collectability
Uncollectible
loans and
receivables
Current period
51,611
88,881
59,591
(Gross amounts before the specific reserves)
-
-
-
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
51,611
88,881
59,591
Prior period
(Gross amounts before the specific reserves)
34,563
92,576
82,945
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
34,563
92,576
82,945
Movements in non-performing loan groups
Group III
Group IV
Group V
Loans and
receivables
with limited
collectability
Loans and
receivables
with doubtful
collectability
Uncollectible
loans and
receivables
Balance at the beginning of the period
304,207
563,700
3,314,057
Additions (+)
1,927,998
37,457
89,391
Transfers from other categories of loans under follow-up (+)
-
1,523,175
1,135,155
Transfers to other categories of loans under follow-up (-)
(*)
1,566,877
1,048,828
125,124
Collections (-)
164,277
290,710
563,613
Write-offs (-)
-
-
1,534
Corporate and commercial loans
-
-
-
Retail loans
-
-
-
Credit cards
-
-
-
Other
-
-
1,534
Currency differences
9
54
3,873
Balance at the end of the period
501,060
784,848
3,852,205
Specific provisions (-)
(**)
99,970
388,461
3,740,748
Net balance on balance sheet
401,090
396,387
111,457
(*)
Loans that are transferred from non-performing loans to restructured loans are presented in the Transfers to other categories of loans under follow-up lines.
(**)
As of 31 December 2015, the Parent Bank reserved 100% provision for TL 12,818 after the date it was placed in the third group, which is the remaining portion of non-performing loans of TL 47,509 given to a group when
guarantees are taken into consideration.
