VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 297 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.) Provision expenses for losses on loans and other receivables Prior Period - December 31, 2017 Specific provisions on loans and other receivables 2,194,095 Loans and receivables in Group III 485,250 Loans and receivables in Group IV 593,276 Loans and receivables in Group V 1,115,569 Non-performing commissions and other receivables - General provision expenses 208 Provision for possible losses 500,000 Impairment losses on securities 424 Trading securities - Investment securities available-for-sale 424 Impairment losses from associates, subsidiaries, joint ventures and marketable securities held to maturity 29,147 Associates - Subsidiaries 2,525 Joint ventures - Investment securities held-to-maturity 26,622 Other (*) 63,659 Total 2,787,533 (*) Other provision expenses amounting to TL 63,659 is comprised of provision for non-cash loans that are not indemnified or converted into cash and provision for cheques amounting to TL 48,866 and provision expenses related to retail loans amounting to TL 14,793.