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 264 VakıfBank Annual Report 2017 III. SIGNIFICANT EVENTS AND MATTERS SUBSEQUENT TO BALANCE SHEET DATE THAT ARE NOT RESULTED The bank has issued and offered to public a Vakıfbank bond, which has a value date of January 26, 2018, with nominal value of 400 million (Full TL), with 154 days maturity, and maturity date of June 29, 2018, on January 22-23-24, 2018, and as a result of the realized issue, The Vakıfbank bond with the ISIN Code TRFVKFB61828, is determined with 201,773,448 (Full TL) nominal value, with 154 days maturity and maturity date of June 29, 2018, 13.8236% annual compound interest, 13.3082% simple interest and TL 94,684 issue price. Book-building process in relation to issuance of the Eurobond has been completed by Vakıfbank. Coupon rate has been set at 5,75% with a yield of 5,85% in respect of USD 650 million fixed rate notes with semi-annual interest payment, having a maturity on January 30th, 2023 with a term of 5 years. SECTION SEVEN INDEPENDENT AUDITORS’ AUDIT REPORT I. INFORMATION ON INDEPENDENT AUDITOR’S REPORT The Bank’s unconsolidated financial statements and footnotes as at and for year ended December 31, 2017 have been audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. It was noted in their audited report dated February 13, 2018 that nothing material has come to their attention that caused them to believe that the accompanying unconsolidated financial statements do not give a true and fair view of the Bank’s financial position and results of its operations. II. EXPLANATIONS AND FOOTNOTES PREPARED BY INDEPENDENT AUDITOR None.