VKF_FRAE_2018_uyg11

182 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.) The general provision for credit risk amounts to TL 3,002,420 (December 31, 2017: TL 1,885,493). Risk Classifications: Current Period Risk Amount (**) Average Risk Amount (*)(**) Claims on sovereigns and Central Banks 132,987,243 109,755,974 Claims on regional governments or local authorities 9,886,540 8,913,121 Claims on administrative bodies and other non-commercial undertakings 537,840 544,150 Claims on multilateral development banks - 17,865 Claims on international organizations - - Claims on banks and intermediary institutions 25,511,769 24,019,835 Claims on corporate 118,993,094 104,049,591 Claims included in the regulatory retail portfolios 52,839,083 53,471,098 Claims secured by residential property 52,875,268 51,719,716 Past due loans 2,780,208 2,050,478 Higher risk categories decided by the Agency 168,054 338,403 Marketable securities secured by mortgages - - Securitization exposures - - Short-term claims and short-term corporate claims on banks and intermediary institutions - - Undertakings for collective investments in mutual funds 1,395 2,989 Stock Investments 3,124,434 2,786,473 Other claims 11,254,434 8,104,547 (*) Before reducing the credit risk, the rate of the post credit conversion is given. (**) Average risk amount is calculated based on the arithmetic average of the monthly risk amounts after conversion for January-December 2018 period. Risk Classifications: Prior Period Risk Amount (**) Average Risk Amount (*)(**) Claims on sovereigns and Central Banks 93,274,872 74,840,199 Claims on regional governments or local authorities 6,911,090 5,774,930 Claims on administrative bodies and other non-commercial undertakings 438,782 1,100,510 Claims on multilateral development banks 1,583 766 Claims on international organizations - - Claims on banks and intermediary institutions 15,512,752 12,469,312 Claims on corporate 86,475,062 78,889,723 Claims included in the regulatory retail portfolios 50,027,447 47,829,523 Claims secured by residential property 48,390,010 46,101,812 Past due loans 1,039,387 1,076,847 Higher risk categories decided by the Agency 220,667 161,770 Marketable securities secured by mortgages - - Securitization exposures - - Short-term claims and short-term corporate claims on banks and intermediary institutions - - Undertakings for collective investments in mutual funds 263 168 Stock Investments 2,606,386 2,358,540 Other claims 8,395,667 6,816,384 (*) Before reducing the credit risk, the rate of the post credit conversion is given. (**) Average risk amount is calculated based on the arithmetic average of the monthly risk amounts after conversion for January-December 2017 period.