VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 239 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.) SECTION FIVE DISCLOSURE AND FOOTNOTES ON UNCONSOLIDATED FINANCIAL STATEMENTS I. INFORMATION AND DISCLOSURES RELATED TO ASSETS 1. Cash and balances with Central Bank Current Period - December 31, 2018 TP FC Cash 1,455,914 883,834 Central Bank of the Republic of Turkey (*) 3,393,478 25,750,911 Other 386,165 384,187 Total 5,235,557 27,018,932 Prior Period - December 31, 2017 TP FC Cash 1,395,342 584,189 Central Bank of the Republic of Turkey (*) 2,275,103 24,001,997 Other 350,876 37,317 Total 4,021,321 24,623,503 (*) TL 13,916,246 (December 31, 2017: TL 20,815,769) of the foreign currency deposit at Central Bank of the Republic of Turkey consists of foreign currency reserve deposits. As per Communiqué on Required Reserve of CBRT, required reserve may be kept in TL, USD, EUR and standard gold. CBRT pays interest for required reserve kept in TL and USD. In accordance with “Announcement on Reserve Deposits” of CBRT numbered 2013/15, all banks operating in Turkey shall provide a reserve rate ranging from %1.5 to %8 (December 31, 2017: ranging from %4 to %10.5). For foreign currency liabilities, all banks shall provide a reserve rate ranging from %4 to %20 in US Dollar or Euro (December 31, 2017: ranging from %4 to %24). Balances with the Central Bank of Republic of Turkey Current Period - December 31, 2018 TP FC Unrestricted demand deposits 3,278,383 9,268,217 Unrestricted time deposits - - Restricted time deposits - 2,566,448 Reserve Deposits 115,095 13,916,246 Total 3,393,478 25,750,911 Prior Period - December 31, 2017 TP FC Unrestricted demand deposits 2,209,475 3,186,228 Unrestricted time deposits - - Restricted time deposits - - Reserve Deposits 65,628 20,815,769 Total 2,275,103 24,001,997