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 262 VakıfBank Annual Report 2017 Prior Period Amount Compared to financial statement amount (%) Cash loans 332,264 0.23% Non-cash loans 1,259,408 3.11% Deposits 2,197,145 1.77% Forward and option agreements - - VIII. INFORMATION ON DOMESTIC, FOREIGN AND OFF-SHORE BRANCHES OR INVESTMENTS AND FOREIGN REPRESENTATIVE OFFICES Domestic and foreign branches and representative offices Number of Branches Number of Employees Domestic Branches (*) 924 16,050 Country Foreign Representative Offices Total Assets Capital Foreign Branches 1 26 USA 10,881,965 62,370 1 16 Iraq 329,145 189,000 Off-shore Branches 1 5 Bahrain 13,839,751 - (*) Free zone branches in Turkey is included to domestic branches. Opening or closing of domestic and foreign branches and representative offices and significant changes in organizational structure During 2017, 7 new domestic branches (2016: 8 domestic) have been opened and 4 braches have been closed (2016: 4).