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 402 VakıfBank Annual Report 2017 SECTION SEVEN INDEPENDENT AUDITORS’ REVIEW REPORT I. INFORMATION ON LIMITED REVIEW REPORT The consolidated financial statements and footnotes of the Bank and its financial subsidiaries as at and for the year ended December 31, 2017, have been audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ. It was noted in their review report dated March 2, 2018 that nothing material has come to their attention that caused them to believe that the accompanying consolidated interim financial statements do not give a true and fair view of the Group’s financial position and results of its operations as at and for the year ended December 31, 2017. II. EXPLANATIONS AND FOOTNOTES PREPARED BY INDEPENDENT AUDITOR There are no important aspects and necessary explanations and footnotes that are not mentioned in the sections above that are related with the Parent Bank’s operations.