VKF_FRAE_2017

253 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.) 2. Interest expense Interest expense on funds borrowed Current Period Prior Period TL FC TL FC Banks 66,817 551,122 55,610 285,523 Central Bank of Republic of Turkey - 99 - - Domestic Banks 5,571 9,456 6,481 5,931 Foreign Banks 61,246 541,567 49,129 279,592 Foreign Head Offices and Branches - - - - Other Institutions - 53,953 - 44,617 Total 66,817 605,075 55,610 330,140 Interest expense paid to associates and subsidiaries Current Period Prior Period Interest Paid to Associates and Subsidiaries 153,477 78,418 Interest expense on securities issued Interest paid to securities issued is TL 1,020,139 for the year ended December 31, 2017 (December 31, 2016: TL 680,296). Maturity structure of the interest expense on deposits Current Period Time Deposits Demand Deposits Up to 1 Month Up to 3 Months Up to 6 Months Up to 1 Year More than 1 Year Cumulative deposit Total TL Interbank deposits - 4,583 181,129 3,707 - - - 189,419 Saving deposits - 278,663 3,336,384 226,701 32,556 16,695 119 3,891,118 Public sector deposits 9,611 362,078 699,671 111,071 375,522 20,612 - 1,578,565 Commercial deposits 87 512,659 1,249,420 247,147 22,461 793 - 2,032,567 Other deposits - 84,740 374,560 154,694 7,720 1,302 - 623,016 Deposits with 7 days notification - - - - - - - - Total 9,698 1,242,723 5,841,164 743,320 438,259 39,402 119 8,314,685 FC Foreign currency deposits 21,775 24,101 641,578 47,234 22,725 84,958 - 842,371 Interbank deposits 2,812 6,046 19,432 464 5,313 13,958 - 48,025 Deposits with 7 days notification - - - - - - - - Precious metal deposits - - - - - - - - Total 24,587 30,147 661,010 47,698 28,038 98,916 - 890,396 Grand Total 34,285 1,272,870 6,502,174 791,018 466,297 138,318 119 9,205,081