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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.)
Information on deposits held by the Parent Bank’s risk group
The Parent Bank’s Risk Group
Associates and
Subsidiaries and
Joint-Ventures
Bank’s Direct and
Indirect Shareholders
Other Components
in Risk Group
Current Period Prior Period Current Period Prior Period Current Period Prior Period
Deposits
Balance at the beginning of the year
187,127
419,918
713,966
968,601
115,831
46,793
Balance at the end of the year
475,233
187,127
740,156
713,966
104,508
115,831
Interest on deposits
16,091
14,782
45,805
60,168
1,005
2,340
Information on forwards, options and other derivative transactions held by the Parent Bank’s risk group
None.
2. Disclosures of transactions with the Parent Bank’s risk group
Relations with entities in the risk group of / or controlled by the Parent Bank regardless of the nature of relationship among the parties
Transactions with the risk group are made on an arms-length basis; terms are set according to the market conditions and in compliance with the
Banking Law.
The branches of the Bank are agencies of Güneş Sigorta A.Ş. and Vakıf Emeklilik A.Ş.. Vakıf Yatırım Menkul Değerler A.Ş. engages with the management
of the funds established by the Bank.
In addition to the structure of the relationship, type of transaction, amount, and share in total transaction volume, amount of significant items,
and share in all items, pricing policy and other
The pricing of transactions with the risk group companies is set in compliance with the market prices. The ratio of cash and non-cash loans extended to
the risk group to the overall cash and non-cash loans are 0.001 % (31 December 2014: 0.01%) and 2.584% (31 December 2014: 2.373%) respectively.
Current Period
Amount
Compared with the Financial
Statement Amount %
Cash Loans
1,893
0.001
Non-Cash Loans
855,757
2.584
Deposits
1,319,897
1.178
Prior Period
Amount
Compared with the Financial
Statement Amount %
Cash Loans
6,255
0.006
Non-Cash Loans
680,460
2.373
Deposits
1,016,924
1.089
