VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 197 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.) IV. INTEREST RATE RISK Interest sensitivity of assets, liabilities and off-balance sheet items is evaluated during the weekly Assets-Liabilities Committee meetings taking into account the developments in market conditions. Bank’s interest rate risk is measured by the standard method. Measurements for standard method are carried out monthly using the maturity ladder table. Interest rate sensitivity of assets, liabilities and off balance sheet items based on repricing dates Current Period - December 31, 2018 Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Non-Interest Bearing Total Assets: Cash and balances with CBRT 10,446,033 - - - - 21,808,456 32,254,489 Banks 2,614,935 598,137 307,355 292,915 - 1,205,251 5,018,593 Financial assets at fair value through profit/loss - - - - - 71,161 71,161 Interbank money market placements - - - - - - - Financial assets at fair value through other comprehensive income 832,803 1,310,211 3,120,813 2,366,136 1,368,963 3,452 9,002,378 Loans and receivables (***) 97,827,734 13,271,317 35,198,659 51,877,916 20,590,682 2,780,209 221,546,517 Financial assets measured at amortized cost 6,261,935 4,753,806 11,852,582 9,416,963 7,695,224 - 39,980,510 Other assets (*) 608,563 1,285,695 329,122 2,001,941 222,357 19,034,315 23,481,993 Total assets 118,592,003 21,219,166 50,808,531 65,955,871 29,877,226 44,902,844 331,355,641 Liabilities: Bank deposits 5,059,670 1,394,780 212,887 - - 397,207 7,064,544 Other deposits 95,819,478 29,611,534 11,079,417 148,375 - 35,684,559 172,343,363 Interbank money market takings 26,631,990 770,764 196,271 1,124,712 - - 28,723,737 Miscellaneous payables - - - - - 7,336,224 7,336,224 Securities issued 1,748,241 1,552,404 4,496,814 14,549,605 - - 22,347,064 Funds borrowed 8,355,212 21,209,514 7,923,533 1,878,190 1,551,792 431,595 41,349,836 Other liabilities (**) 70,228 379,826 516,592 6,221,639 8,385,969 36,616,619 52,190,873 Total liabilities 137,684,819 54,918,822 24,425,514 23,922,521 9,937,761 80,466,204 331,355,641 On balance sheet long position - - 26,383,017 42,033,350 19,939,465 - 88,355,832 On balance sheet short position (19,092,816) (33,699,656) - - - (35,563,360) (88,355,832) Off-balance sheet long position 1,298,343 5,660,915 155,265 - - - 7,114,523 Off-balance sheet short position - - - (2,439,725) (763,794) - (3,203,519) Net position (17,794,473) (28,038,741) 26,538,282 39,593,625 19,175,671 (35,563,360) 3,911,004 (*) Subsidiaries, associates and tangible and intangible assets, and deferred tax are stated in non-interest bearing column. (**) Equity is included in non-interest bearing column in other liabilities line. (***) Non-performing loans and net offsets of stage 3 expected loss provisions are shown in the “Non-Interest Bearing” column.