VKF_FRAE_2017

221 VakıfBank Annual Report 2017 CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUEDIN TURKISH, SEE NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI EXPLANATIONS AND NOTES RELATED TO THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) SECTION FIVE DISCLOSURE AND FOOTNOTES ON UNCONSOLIDATED FINANCIAL STATEMENTS I. INFORMATION AND DISCLOSURES RELATED TO ASSETS 1. Cash and balances with Central Bank Current Period Prior Period TL FC TL FC Cash 1,395,342 584,189 1,281,047 504,949 Central Bank of the Republic of Turkey (*) 2,275,103 24,001,997 2,892,154 19,433,355 Other 350,876 37,317 235,929 17,863 Total 4,021,321 24,623,503 4,409,130 19,956,167 (*) TL 20,815,769 (December 31, 2016: TL 14,977,543) of the foreign currency deposit at Central Bank of the Republic of Turkey consists of foreign currency reserve deposits. In accordance with “Announcement on Reserve Deposits” of CBRT numbered 2013/15, all banks operating in Turkey shall provide a reserve rate ranging from 4% to 10.5% (December 31, 2016: ranging from 4% to 10.5%). For foreign currency liabilities, all banks shall provide a reserve rate ranging from 4% to 24% in US Dollar or Euro (December 31, 2016: ranging from 4.5% to 24.5%). According to 2014-72 numbered and October 21, 2014 dated announcement of Central Bank of the Republic of Turkey, interest has been started to be paid for Turkish Lira reserve deposit beginning from November 2014. According to 2015-35 numbered and May 2, 2015 dated announcement of Central Bank of Republic of Turkey, interest has started to be paid for US Dollar denominated reserve deposits beginning from May 2015. Balances with the Central Bank of Republic of Turkey Current Period Prior Period TL FC TL FC Unrestricted Demand Deposits 2,209,475 3,186,228 2,861,879 2,647,870 Unrestricted Time Deposits - - - - Restricted Time Deposits - - - 1,807,942 Reserve Deposits 65,628 20,815,769 30,275 14,977,543 Total 2,275,103 24,001,997 2,892,154 19,433,355 2. Further information on financial assets at fair value through profit/loss Financial assets at fair value through profit/loss given as collateral or blocked None. Trading securities subject to repurchase agreements None.