VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 189 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.) Credit rating of the credit rating agency, related to the Bank’s Capital Adequacy Assessment of the Measurement is listed in Appendix 1, which corresponds to the credit quality step that is given in the table below. Ratings Matched Credit Quality Rank Fitch Ratings Long Term Credit Ratings 1 Between AAA and AA- 2 Between A+ and A- 3 Between BBB+ and BBB- 4 Between BB+ and BB- 5 Between B+ and B- 6 CCC+ and below Short Term Credit Ratings 1 Between F1+ and F1 2 F2 3 F3 4 F3 and below 5 - 6 - Information According to Sectors and Counterparties Major Sectors / Counterparties Current Period - December 31,2018 Impaired (TFRS 9) Significant Increase in Credit Risk (Stage 2) Default (Stage 3) Expected Credit Loss Provisions (TFRS 9) Agricultural 131,053 251,739 180,953 Farming and raising livestock 128,635 238,355 169,297 Forestry 1,308 9,861 8,738 Fishing 1,110 3,523 2,918 Manufacturing 4,594,109 1,984,435 1,756,576 Mining 112,778 168,057 129,598 Production 2,746,009 1,800,352 1,521,880 Electric, Gas, Water 1,735,322 16,026 105,098 Construction 4,407,345 1,230,466 1,053,271 Services 9,541,854 4,026,580 3,689,546 Wholesale and retail trade 4,453,264 2,637,366 2,461,121 Hotel, Food and Beverage Services 625,700 164,379 172,532 Transportation and telecommunication 1,292,096 443,179 438,652 Financial Institutions 254,852 13,101 19,095 Real estate and renting services 1,721,549 240,417 185,378 Self-employment services 1,038,492 386,081 300,886 Education services 97,425 42,722 33,781 Health and social services 58,476 99,335 78,101 Other 1,179,161 3,306,937 2,646,905 Total 19,853,522 10,800,157 9,327,251