VKF_FRAE_2018_uyg11

176 Part III: Financial Highlights and Assessment of Risk Management 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 NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Coupons / dividends Fixed or floating dividend/coupon Fixed interest rate / Interest payment once in six months, principal payment at the maturity date Fixed interest rate / Interest payment once in six months, principal payment at the maturity date Fixed interest rate / Interest payment once in six months, principal payment at the maturity date Floating interest rate/ Interest payment once in three months, principal payment at the maturity date Fixed interest rate / Interest payment once in six months Coupon rate and any related index 6% fixed interest rate 6.875% fixed interest rate 8% fixed interest rate 5 years maturity “Indicator Government Debt Security” +350 basis points % 12.62 fixed interest rate Existence of a dividend stopper Nil Nil Nil Nil Nil Fully discretionary, partially discretionary or mandatory Nil Nil Nil Nil Nil Existence of step up or other incentive to redeem Nil Nil Nil Nil Nil Noncumulative or cumulative Noncumulative Noncumulative Noncumulative Noncumulative Noncumulative Convertible or non-convertible If convertible, conversion trigger (s) Nil Nil Nil Nil Nil If convertible, fully or partially Nil Nil Nil Nil Nil If convertible, conversion rate Nil Nil Nil Nil Nil If convertible, mandatory or optional conversion Nil Nil Nil Nil Nil If convertible, specify instrument type convertible into Nil Nil Nil Nil Nil If convertible, specify issuer of instrument it converts into Nil Nil Nil Nil Nil Write-down feature If write-down, write-down trigger(s) Not available. Available. Revoking the business activity of Bank according to 71 clause of 5411 numbered Banking Law or liquidation proceedings to Savings Deposit Insurance Fund are the triggering events. Available. Revoking the business activity of Bank according to 71 clause of 5411 numbered Banking Law or liquidation proceedings to Savings Deposit Insurance Fund are the triggering events. Available. Revoking the business activity of Bank according to 71 clause of 5411 numbered Banking Law or liquidation proceedings to Savings Deposit Insurance Fund are the triggering events. Available. BRSA regulation on bank’s shareholder equity and the matters referred to in Article 7 of Communiqué on Principles Regarding Debt Securities to be Included in the Calculation of Banks’ Equity. If write-down, full or partial Not available. Has full or partial write down feature. Has full or partial write down feature. Has full or partial write down feature. Has full or partial write down feature. If write-down, permanent or temporary Not available. Has permanent write down feature. Has permanent write down feature. Has permanent write down feature. Has permanent or temporary write down feature. If temporary write-down, description of write-up mechanism Not available. Has no write-up mechanism. Has no write-up mechanism. Has no write-up mechanism. Has write-up mechanism. Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Before the debt instruments to be included in the additional capital calculation, after the depositors and all other creditors. Before the debt instruments to be included in the additional capital calculation, after the depositors and all other creditors. Before the debt instruments to be included in the additional capital calculation, after the depositors and all other creditors. Before the debt instruments to be included in the additional capital calculation, after the depositors and all other creditors. After the debt instruments to be included in secondary capital calculation, the depositors and all other creditors. Whether conditions which stands in article of 7 and 8 of Banks’ shareholder equity law are possessed or not Possess Article 8 Possess Article 8 Possess Article 8 Possess Article 8 Possess Article 7 According to article 7 and 8 of Banks’ shareholders equity law that are not possessed Not Possess Article 7 Not Possess Article 7 Not Possess Article 7 Not Possess Article 7 Possess Article 7