VKF_FRAE_2018_uyg11

260 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.) Prior Period - December 31, 2017 Banks 332,861 Insurance companies - Factoring companies - Leasing companies - Financing companies - Other financial affiliates 4,897 Total 337,758 Quoted affiliates Current Period - December 31, 2018 Quoted at domestic stock exchanges 186,248 Quoted at international stock exchanges - Total 186,248 Prior Period - December 31, 2017 Quoted at domestic stock exchanges 292,340 Quoted at international stock exchanges - Total 292,340 Investments in affiliates disposed during the period There is no affiliate disposed in the current period. Investments in affiliates acquired during the period In the current period, the Bank have participated establishment of Türkiye Ürün İhtisas Borsası AŞ with a capital of TL 100,000. In the Company, the nominal share of Bank is TL 3,000 and its share is 3%. The bank has to pay one-quarter of its share in cash, and the remaining three quarters within 24 months of the registration of the Company. Transactions related to the establishment of the company were registered in the trade registry on 8 June 2018. As of June 30, 2018 the Bank has made a payment of one-quarter of its share and the shares amounting to TL 750 has been presented in Purchases in the movement table of investment in affiliates.