VKF_FRAE_2018_uyg11

220 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.) Credit quality of assets Current Period- December 31, 2018 Gross carrying values of (according to TAS) Defaulted Exposures Defaulted Exposures Allowances / Impairment Net Values 1 Loans 10,800,157 221,606,750 10,860,390 221,546,517 2 Debt Securities - 49,187,339 133,290 49,054,049 3 Off-balance sheet exposure 258,210 99,769,276 26,739 100,000,747 4 Total 11,058,367 370,563,365 11,020,419 370,601,313 Prior Period - December 31, 2017 Gross carrying values of (according to TAS) Defaulted Exposures Defaulted Exposures Allowances / Impairment Net Values 1 Loans 7,638,206 182,942,481 6,609,072 183,971,615 2 Debt Securities - 30,127,332 123,452 30,003,880 3 Off-balance sheet exposure 169,355 79,708,432 75,942 79,801,845 4 Total 7,807,561 292,778,245 6,808,466 293,777,340 Changes in stock of defaulted loans and debt securities (*) Current Period - December 31, 2018 1 Defaulted Loans and debt securities at end of the previous reporting period 7,638,206 2 Loans and debt securities that have defaulted since the last reporting period 6,559,332 3 Returned to non-defaulted status 6,764 4 Amounts written-off - 5 Other Changes (3,390,617) 6 Defaulted Loans and debt securities at end of the reporting period (1+2-3-4±5) 10,800,157 Prior Period - December 31, 2017 1 Defaulted Loans and debt securities at end of the previous reporting period 6,413,503 2 Loans and debt securities that have defaulted since the last reporting period 3,189,506 3 Returned to non-defaulted status 106,595 4 Amounts written-off - 5 Other Changes (1,858,208) 6 Defaulted Loans and debt securities at end of the reporting period (1+2-3-4±5) 7,638,206 (*) Provisions for non-cash loans that are not indemnified and not converted into cash are not included.