VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 293 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 TL FC Banks 66,817 551,122 Central Bank of Republic of Turkey - 99 Domestic Banks 5,571 9,456 Foreign Banks 61,246 541,567 Foreign Head Offices and Branches - - Other Institutions - 53,953 Total 66,817 605,075 Interest expense paid to associates and subsidiaries Current Period - December 31, 2018 Interest Paid to Associates and Subsidiaries 363,511 Prior Period - December 31, 2017 Interest Paid to Associates and Subsidiaries 153,477 Interest expense on securities issued Interest paid to securities issued as at for the year ended December 31, 2018 is TL 2,003,259 (December 31, 2017: TL 1,020,139).