VKF_FRAE_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.) PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT 386 VakıfBank Annual Report 2017 Capital commitments for current financial year and following period and its general purpose and estimated sources that are required for commitments None Prior period indicators of the Parent Bank’s income, profitability and liquidity; and possible effects of the predictions on equity, considering the ambiguity of the indicators None. Information on the privileges given to stocks representing the capital None. Valuation differences of the marketable securities Current Period Prior Period TL FC TL FC Associates, subsidiaries and joint ventures 61,709 - 64,288 - Fair value differences of available-for-sale securities (302,087) 177,252 (245,897) 50,440 Foreign exchange differences - - - - Total (240,378) 177,252 (181,609) 50,440 III. INFORMATION AND DISCLOSURES RELATED TO CONSOLIDATED OFF-BALANCE SHEET ITEMS 1. Disclosures related to other contingent liabilities Type and amount of consolidated irrevocable commitments Current Period Prior Period Commitments for credit card limits 10,534,862 8,682,835 Loan granting commitments 11,918,133 9,851,597 Commitments for cheque payments 2,542,741 2,154,102 Asset purchase sale commitments 1,755,169 2,864,752 Other 3,609,820 2,184,230 Total 30,360,725 25,737,516 Type and amount of possible losses from off-balance sheet items Guarantees, bills of exchange and acceptances and other letters of credit which can be counted as financial collateral The Parent Bank provided specific provision amounting to TL 169,355 (December 31, 2016: TL 165,159) for non-cash loans that are not indemnified or converted to cash recorded under off-balance sheet items, amounting to TL 75,942 (December 31, 2016: TL 59,816). Final guarantees, provisional guarantees, sureties and similar transactions Current Period Prior Period Final letters of guarantee 14,073,061 11,547,141 Letters of guarantee for advances 6,684,317 4,843,148 Letters of guarantee given to custom offices 1,053,872 1,059,516 Provisional letters of guarantee 1,180,248 994,372 Other letters of guarantee 17,179,490 13,872,150 Total 40,170,988 32,316,327