VKF_FRAE_2017

315 VakıfBank Annual Report 2017 CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES EXPLANATIONS AND NOTES RELATED TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Credit rating of the credit rating agency, related to the Bank’s Capital Adequacy Assessment of the Measurement is listed in Appendix 1 which corresponds to the credit quality step that is given in the table below. Ratings Matched Credit Quality Rank Fitch Ratings Long Term Credit Ratings 1 Between AAA and AA- 2 Between A+ and A- 3 Between BBB+ and BBB- 4 Between BB+ and BB- 5 Between B+ and B- 6 CCC+ and below Short Term Credit Ratings 1 Between F1+ and F1 2 F2 3 F3 4 F3 and below 5 - 6 - Information According to Sectors and Counterparties Loans Current Period Impaired (*) Past Due (**) Value Adjustments (***) Provisions Agricultural 69,085 73,741 1,420 55,315 Farming and raising livestock 64,741 72,536 1,395 51,758 Forestry 2,258 923 20 2,093 Fishing 2,086 282 5 1,464 Manufacturing 1,628,025 662,702 18,754 1,307,257 Mining 134,821 71,292 1,641 128,422 Production 1,487,022 502,312 13,001 1,172,949 Electric, Gas, Water 6,182 89,098 4,112 5,886 Construction 801,891 580,653 12,394 707,644 Services 2,979,614 2,982,220 68,074 2,589,472 Wholesale and retail trade 2,049,107 1,114,163 25,183 1,804,680 Hotel, Food and Beverage Services 107,964 187,259 3,844 93,282 Transportation and telecommunication 405,285 759,229 13,311 346,845 Financial Institutions 23,368 15,741 203 22,498 Real estate and renting services 96,090 835,721 16,650 87,526 Self-employment services 185,072 6,922 7,555 151,398 Education services 20,029 40,977 938 19,385 Health and social services 92,699 22,208 390 63,858 Other 2,464,571 4,232,963 213,400 2,177,244 Total 7,943,186 8,532,279 314,042 6,836,932 (*) Impaired loans are composed of group 3, 4 and 5 loans. (**) Past due loans and other receivables consist of loans and other receivables that are past due up to 90 days. (***) Value adjustments represents general provisions of non-performing loans.