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 248 VakıfBank Annual Report 2017 III. INFORMATION AND DISCLOSURES RELATED TO OFF-BALANCE SHEET ITEMS 1. Disclosures related to other contingent liabilities Type and amount of irrevocable commitments Current Period Prior period Commitments for credit card limits 10,534,862 8,682,835 Loan granting commitments 11,843,577 9,817,555 Commitments for cheque payments 2,542,741 2,154,102 Asset purchase sale commitments 1,755,169 2,864,752 Other 2,264,499 1,433,858 Total 28,940,848 24,953,102 Type and amount of possible losses from off-balance sheet items including those referred to below Guarantees, bills of exchange and acceptances and other letters of credit which can be counted as financial collateral The Bank provided specific provision amounting to TL 169,355 (December 31, 2016: TL 165,159) for unliquidated non-cash loans recorded under off-balance sheet items, amounting to TL 75,942 (December 31, 2016: TL 59,816). Final guarantees, provisional guarantees, sureties and similar transactions Current Period Prior Period Final letters of guarantee 14,073,061 11,547,141 Letters of guarantee for advances 6,684,317 4,843,148 Letters of guarantee given to custom offices 1,053,872 1,059,516 Provisional letters of guarantee 1,180,248 994,372 Other letters of guarantee 17,177,322 13,870,573 Total 40,168,820 32,314,750 2. Non-cash loans Current Period Prior Period Non-cash loans given for cash loan risks 3,771,138 2,788,811 With original maturity of 1 year or less 1,216,243 1,126,734 With original maturity of more than 1 year 2,554,895 1,662,077 Other non-cash loans 46,996,446 37,659,613 Total 50,767,584 40,448,424