VKF_FRAE_2018_uyg11

244 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.) All creditors, including the Bank, have agreed that the loans provided in scope of loan agreements to Ojer Telekomünikasyon A.Ş. (OTAŞ), the main shareholder of Türk Telekomünikasyon A.Ş. (Türk Telekom) shall be restructured. All creditors shall be direct or indirect partners to Levent Yapılandırma Yönetimi A.Ş., a special purpose company established in Turkish Republic, and 192,500,000,000 of A group shares, owned by OTAŞ pledged to be the warranty of current loans, which make up the 55% of issued capital of Türk Telekom, were taken over by Levent Yapılandırma Yönetimi on December 21, 2018. The Bank participated in Levent Yapılandırma Yönetimi A.Ş. with a 4.2559% share. Within the scope of Türk Telekom shares being taken over by Levent Yapılandırma A.Ş. and within the framework of the relevant contracts, the Bank has given a loan to Levent Yapılandırma Yönetimi A.Ş., to take over the shares that are warranty to OTAŞ loans, in the value of TL 788,795 thousand and its provision amount is TL 4,242. Prior Period - December 31, 2017 Standard loans and other receivables Loans and other receivables under close monitoring Cash Loans Loans and other receivables Agreement conditions modified Loans and other receivables Agreement conditions modified Payment plan extensions Other Payment plan extensions Other Non-specialized loans 173,317,808 2,664,938 - 5,391,296 1,558,186 - Loans given to enterprises 60,356,661 1,837,235 - 2,406,619 1,228,858 - Export loans 7,126,444 10,902 - 190,861 - - Import loans - - - - - - Loans given to financial sector 1,200,646 - - 4,480 - - Consumer loans 40,447,739 365,935 - 1,505,359 274,680 - Credit cards 6,788,760 46,501 - 260,850 26,744 - Other 57,397,558 404,365 - 1,023,127 27,904 - Specialized lending - - - - - - Other receivables - - - - - - Total 173,317,808 2,664,938 - 5,391,296 1,558,186 - Current Period - December 31, 2018 Standard Loans Loans under close monitoring 12-Month expected credit losses 1,533,139 - Significant Increase in Credit Risk - 1,307,302