VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 253 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.) Group III Group IV Group V Prior Period - December 31, 2017 Loans and receivables with limited collectability Loans and receivables with doubtful collectability Uncollectible loans and receivables Balance at the beginning of the period 927,110 1,102,016 4,384,377 Additions (+) 2,836,423 137,362 215,721 Transfers from other categories of loans under follow-up (+) - 2,510,046 2,225,124 Transfers to other categories of loans under follow-up (-) (*) 2,674,478 2,552,971 119,519 Collections (-) 335,405 340,468 677,132 Write-offs (-) - - - Corporate and commercial loans - - - Retail loans - - - Credit cards - - - Other - - - Balance at the end of the period 753,650 855,985 6,028,571 Specific provisions (-) (**) 150,730 419,518 6,028,571 Net balance on balance sheet 602,920 436,467 - (*) Loans that are transferred from restructured loans to non-performing loans and from non-performing loans to restructured loans are presented in the Transfers from and to other categories of loans under follow-up lines. (**) After taking the collaterals of the loans amounting TL 32,026, that are classified in group IV, as from December 31, 2017 into account, the bank had recorded provision over the remaining amount Uncollectible loans and receivables are collected by liquidation of collaterals and legal follow-up. Information on non-performing loans and other receivables in foreign currencies Group III Group IV Group V Current Period - December 31, 2018 Loans With Limited Collectability Loans With Doubtful Collectability Uncollectible Loans Balance at the end of the period 272,306 103,118 633,267 Provision (-) 133,717 57,766 546,769 Net balance on balance sheet 138,589 45,352 86,498 Group III Group IV Group V Prior Period - December 31, 2017 Loans With Limited Collectability Loans With Doubtful Collectability Uncollectible Loans Balance at the end of the period 42,517 6,850 366,534 Specific provision (-) 8,503 3,425 366,534 Net balance on balance sheet 34,014 3,425 - Non-performing foreign currency denominated loans are followed in TL accounts.