VKF_FRAE_2017

261 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.) Information on deposits held by the Bank’s risk group Bank’s Risk Group Associates, 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 period 1,055,694 965,832 977,319 740,156 164,132 104,508 Balance at the end of the period 1,692,043 1,055,694 1,100,243 977,319 241,645 164,132 Interest on deposits 153,477 78,418 108,847 62,682 19,892 288 Information on forwards and option agreements and other similar agreements made with the Bank’s risk group Bank’s Risk Group Associates, 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 Held for Trading Transactions Purchase balance at the beginning of the period - - - - - - Sale balance at the beginning of the period - - - - - - Purchase balance at the end of the period 217,476 - - - - - Sale balance at the end of the period 223,669 - - - - - Total profit/(loss) (1,355) 49 - - - - 2. Disclosures of transactions with the Bank’s risk group Relations with entities in the risk group of/ or controlled by the 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. 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 Pricing policy and other conditions of transactions with the risk group of the Bank are determined and applied on arm’s length basis. The ratio of cash and non-cash loans given to the Bank’s risk group to total cash and non-cash loans are %0.09 (December 31, 2016: %0.23) and %2.98(December 31, 2016: %3.11), respectively. Current Period Amount Compared to financial statement amount (%) Cash loans 162,661 0.09% Non-cash loans 1,514,291 2.98% Deposits 3,033,931 1.95% Forward and option agreements 441,145 0.73%