VKF_FRAE_2018_uyg11

136 Part III: Financial Highlights and Assessment of Risk Management Audited Current Period December 31, 2018 Notes TL FC Total A. OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III) 94,630,911 144,091,940 238,722,851 I. GUARANTEES AND SURETIES V-III-2-4 36,971,920 28,193,356 65,165,276 1.1. Letters of guarantee 36,896,905 15,053,372 51,950,277 1.1.1. Guarantees subject to State Tender Law 3,807,039 5,902,336 9,709,375 1.1.2. Guarantees given for foreign trade operations 1,314,771 - 1,314,771 1.1.3. Other letters of guarantee 31,775,095 9,151,036 40,926,131 1.2. Bank acceptances 24,005 2,948,104 2,972,109 1.2.1. Import letter of acceptance - 586,987 586,987 1.2.2. Other bank acceptances 24,005 2,361,117 2,385,122 1.3. Letters of credit 51,010 10,148,777 10,199,787 1.3.1. Documentary letters of credit 51,010 10,148,777 10,199,787 1.3.2. Other letters of credit - - - 1.4. Pre-financing given as guarantee - 4,199 4,199 1.5. Endorsements - - - 1.5.1. Endorsements to the Central Bank of Republic of Turkey - - - 1.5.2. Other endorsements - - - 1.6. Purchase guarantees for Securities issued - - - 1.7. Factoring guarantees - - - 1.8. Other guarantees - 38,904 38,904 1.9. Other warrantees - - - II. COMMITMENTS 36,959,594 26,856,010 63,815,604 2.1. Irrevocable commitments 32,609,583 2,252,627 34,862,210 2.1.1. Asset purchase and sales commitments V-III-1 1,501,627 2,252,627 3,754,254 2.1.2. Deposit purchase and sales commitments - - - 2.1.3. Share capital commitments to associates and subsidiaries 2,250 - 2,250 2.1.4. Loan granting commitments V-III-1 14,103,024 - 14,103,024 2.1.5. Securities issuance brokerage commitments - - - 2.1.6. Commitments for reserve deposit requirements - - - 2.1.7. Commitments for checks payments V-III-1 1,979,217 - 1,979,217 2.1.8. Tax and fund liabilities from export commitments - - - 2.1.9. Commitments for credit card expenditure limits V-III-1 13,549,649 - 13,549,649 2.1.10. Commitments for credit cards and banking services promotions 571,282 - 571,282 2.1.11. Receivables from short sale commitments of marketable securities - - - 2.1.12. Payables for short sale commitments of marketable securities - - - 2.1.12. Other irrevocable commitments 902,534 - 902,534 2.2. Revocable commitments 4,350,011 24,603,383 28,953,394 2.2.1. Revocable loan granting commitments 4,350,011 24,603,383 28,953,394 2.2.2. Other revocable commitments - - - III. DERIVATIVE FINANCIAL INSTRUMENTS V-III-5 20,699,397 89,042,574 109,741,971 3.1. Derivative financial instruments held for hedging - - - 3.1.1. Fair value hedges - - - 3.1.2. Cash flow hedges - - - 3.1.3. Hedges for investments made in foreign countries - - - 3.2. Trading transactions 20,699,397 89,042,574 109,741,971 3.2.1. Forward foreign currency purchase and sale transactions 1,201,285 1,543,434 2,744,719 3.2.1.1. Forward foreign currency purchase transactions 602,318 771,805 1,374,123 3.2.2.2. Forward foreign currency sales 598,967 771,629 1,370,596 3.2.2. Currency and interest rate swaps 13,638,148 73,193,459 86,831,607 3.2.2.1. Currency swap purchase transactions 2,532,776 19,685,170 22,217,946 3.2.2.2. Currency swap sale transactions 7,805,372 9,975,981 17,781,353 3.2.2.3. Interest rate swap purchase transactions 1,650,000 21,766,154 23,416,154 3.2.2.4. Interest rate swap sale transactions 1,650,000 21,766,154 23,416,154 3.2.3. Currency, interest rate and security options 697,904 1,784,623 2,482,527 3.2.3.1 Currency purchase options 349,778 865,498 1,215,276 3.2.3.2 Currency sale options 348,126 919,125 1,267,251 3.2.3.3 Interest rate purchase options - - - 3.2.3.4 Interest rate sale options - - - 3.2.3.5 Security purchase options - - - 3.2.3.6 Security sale options - - - 3.2.4. Currency futures - - - 3.2.4.1. Currency purchases futures - - - 3.2.4.2. Currency sales futures - - - 3.2.5. Interest rate futures - - - 3.2.5.1. Interest rate purchases futures - - - 3.2.5.2. Interest rate sales futures - - - 3.2.6. Other 5,162,060 12,521,058 17,683,118 B. CUSTODY AND PLEDGED ITEMS (IV+V+VI) 1,553,971,819 1,217,345,200 2,771,317,019 IV. ITEMS HELD IN CUSTODY 48,337,336 3,671,333 52,008,669 4.1. Assets under management - - - 4.2. Securities held in custody 36,285,318 395,353 36,680,671 4.3. Checks received for collection 9,189,448 1,154,341 10,343,789 4.4. Commercial notes received for collection 1,522,229 445,168 1,967,397 4.5. Other assets received for collection 2,152 211 2,363 4.6. Securities received for public offering - - - 4.7. Other items under custody 309 100,301 100,610 4.8. Custodians 1,337,880 1,575,959 2,913,839 V. PLEDGED ITEMS 428,045,010 204,235,157 632,280,167 5.1. Marketable securities 354,739 9,824 364,563 5.2. Guarantee notes 681,820 1,135,681 1,817,501 5.3. Commodity 32,405,583 1,711,768 34,117,351 5.4. Warrant - - - 5.5. Immovables 340,951,847 163,744,146 504,695,993 5.6. Other pledged items 52,805,682 37,364,638 90,170,320 5.7. Depositories receiving pledged items 845,339 269,100 1,114,439 VI. ACCEPTED GUARANTEES AND WARRANTEES 1,077,589,473 1,009,438,710 2,087,028,183 TOTAL OFF BALANCE SHEET COMMITMENTS (A+B) 1,648,602,730 1,361,437,140 3,010,039,870 Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES UNCONSOLIDATED OFF-BALANCE SHEET ITEMS AS AT DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)