VKF_FRAE_2017

391 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.) 2. Interest Expense Interest expense on funds borrowed Current Period Prior Period TL FC TL FC Banks 192,335 594,784 134,386 329,113 Central Bank of the Republic of Turkey - 99 - - Domestic Banks 114,994 25,392 59,952 19,416 Foreign Banks 77,341 569,293 74,434 309,697 Foreign Head Offices and Branches - - - - Other Institutions - 53,953 - 44,617 Total 192,335 648,737 134,386 373,730 Interest expense paid to associates and subsidiaries Current Period Prior Period Interests paid to the associates and subsidiaries 132,348 24,678 Interest expense on securities issued As at and for the year ended at December 31, 2017, interest paid to securities issued is TL 1,059,739 (December 31, 2016: TL 691,897). Current Period Prior Period TL FC TL FC Interest expense on securities issued 532,626 527,113 321,968 369,929 Maturity structure of the interest expense on deposits Time Deposits Current Period Demand Deposits Up to 1 Month Up to 3 Months Up to 6 Months Up to 1 Year More than 1 Year Cumulative deposit Total TL Interbank deposits - 4,583 181,129 3,707 - - - 189,419 Saving deposits - 278,663 3,336,384 226,701 32,556 16,695 119 3,891,118 Public sector deposits 9,611 362,078 699,671 111,071 375,522 20,612 - 1,578,565 Commercial deposits 87 509,951 1,211,479 247,147 22,461 793 - 1,991,918 Other deposits - 84,740 374,560 154,694 7,720 1,302 - 623,016 Deposits with 7 days notification - - - - - - - - Total 9,698 1,240,015 5,803,223 743,320 438,259 39,402 119 8,274,036 FC Foreign Currency deposits 21,775 25,633 641,645 47,405 29,271 112,830 - 878,559 Interbank deposits 2,812 6,046 19,432 464 5,313 13,958 - 48,025 Deposits with 7 days notification - - - - - - - - Precious metal deposits - - - - - - - - Total 24,587 31,679 661,077 47,869 34,584 126,788 - 926,584 Grand Total 34,285 1,271,694 6,464,300 791,189 472,843 166,190 119 9,200,620