VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 191 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.) Fair value of collateral held against impaired loans Current Period - December 31, 2018 Cash collateral (*) - Mortgage 4,688,013 Promissory note (*) - Others (**) 6,112,144 Total 10,800,157 Prior Period - December 31, 2017 Cash collateral (*) - Mortgage 3,059,895 Promissory note (*) - Others (**) 4,578,311 Total 7,638,206 (*) As a policy, it is aimed to utilize from cash collateral or liquidate promissory note for an impaired loan collateralized by cash collateral or promissory note to cover the credit risk. Hence, cash collateral and promissory note are shown as zero in the table above. (**) Sureties obtained for impaired loans are presented in this raw to the extent that the amount does not exceed the amount of impaired loans. The detail of collateral held against performing cash and non-cash loans by the Bank Cash loans Current Period - December 31, 2018 Secured Loans: 176,246,675 Secured by mortgages 1,308,588 Secured by cash collateral 50,382,328 Guarantees issued by financial institutions 24,287,362 Secured by government institutions or government securities 491,853 Other collateral (pledge on assets, corporate and personal guarantees, promissory notes) 99,776,544 Unsecured Loans 45,360,075 Total performing loans 221,606,750