VKF_FRAE_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.) PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT 232 VakıfBank Annual Report 2017 Sectoral distribution of investments in financial associates Current Period Prior Period Banks 332,861 283,359 Insurance companies - - Factoring companies - - Leasing companies - - Finance companies - - Other associates 4,897 4,719 Total 337,758 288,078 Quoted associates Current Period Prior Period Quoted at domestic stock exchanges 292,340 242,838 Quoted at international stock exchanges - - Total 292,340 242,838 Investments in associates disposed during the period There is not any associate disposed in the current period. Investments in associates acquired during the period There is not any associate acquired in the current period.