VKF_FRAE_2017

406 VakıfBank Annual Report 2017 PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT FIVE-YEAR SUMMARY FINANCIAL INFORMATION ASSETS (TL MILLION) 2013 2014 2015 2016 2017 Cash and banks (including Interbank money markets) 21,607,218 24,455,599 26,719,055 28,255,619 42,184,754 Securities 21,692,002 23,178,509 24,451,698 25,999,793 30,316,048 Loans 86,496,223 104,343,442 122,974,478 146,618,992 182,932,228 Commercial loans 56,008,662 71,492,889 86,363,710 105,581,895 134,979,672 Retail loans 30,487,561 32,850,553 36,610,768 41,037,097 47,952,556 Non-performing loans (net) 255,994 240,075 806,175 1,093,383 1,039,387 Non-performing loans (gross) 3,531,427 3,974,372 4,850,213 6,413,503 7,638,206 Special provisions (-) 3,275,433 3,734,297 4,044,038 5,320,120 6,598,819 Affiliates and subsidiaries 1,610,993 1,736,982 1,874,609 2,096,602 2,563,016 Tangible fixed assets 1,223,535 1,454,883 2,378,114 2,637,742 2,729,756 Other assets 2,610,078 2,808,236 3,742,995 5,837,774 8,806,521 TOTAL ASSETS 135,496,043 158,217,726 182,947,124 212,539,905 270,571,710 LIABILITIES (TL MILLION) 2013 2014 2015 2016 2017 Deposits 81,532,814 91,756,968 109,922,534 123,838,377 155,277,122 Term deposits 67,855,955 74,944,145 89,644,574 99,404,340 125,159,851 Demand deposits 13,676,859 16,812,823 20,277,960 24,434,037 30,117,271 Interbank money market 14,477,081 16,385,302 12,744,041 12,895,334 22,270,837 Funds borrowed 11,404,812 14,927,048 18,555,997 24,193,770 28,307,621 Subordinated loans 1,974,142 2,138,030 4,169,474 5,031,213 5,935,969 Securities issued 6,884,826 10,457,757 10,547,759 14,707,745 19,485,098 Provisions 2,014,284 2,437,139 2,923,772 3,224,092 3,412,482 Shareholders’ equity 12,616,321 14,771,750 16,767,548 19,238,711 23,257,818 Paid-in capital 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 Profit or loss 1,585,539 1,753,273 1,930,109 2,703,042 3,723,383 Last year’s profit or loss 0 0 0 0 0 Net profit or loss 4,591,763 5,343,732 7,315,999 9,410,663 12,625,763 TOTAL LIABILITIES 135,496,043 158,217,726 182,947,124 212,539,905 270,571,710 PROFIT/LOSS (TL MILLION) 2013 2014 2015 2016 2017 Interest income 9,220,570 11,373,587 13,630,050 16,557,626 21,444,094 Interest expense 4,430,953 6,722,109 8,143,569 9,590,985 12,822,668 Net interest income 4,789,617 4,651,478 5,486,481 6,966,641 8,621,426 Net fee and commission income 686,511 709,334 921,084 980,883 1,330,665 Dividend income 54,001 66,288 62,219 91,753 93,561 Capital market trading income (net) 259,065 123,513 32,951 379,677 19,128 Foreign exchange gains (net) -27,408 99,606 66,523 104,136 145,084 Other operating income 708,320 1,345,534 1,048,278 954,031 1,673,529 Total operating income 6,470,106 6,995,753 7,617,536 9,477,121 11,883,393 Provisions for loans and other receivables (-) 1,671,867 1,537,060 2,246,514 2,787,533 1,857,239 Other operating expenses (-) 2,629,953 3,110,210 3,610,183 3,835,083 4,420,728 Operating profit 1,982,914 2,213,676 2,470,293 3,395,524 4,675,132 NET PROFIT OR LOSS FOR THE PERIOD 1,585,539 1,753,273 1,930,109 2,703,042 3,723,383