VKF_FRAE_2018_uyg11

306 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.) 2. Disclosures of transactions with the Bank’s risk group Relations with entities in the risk group of/ or controlled by the Bank regardless of the nature of relationship among the parties Transactions with the risk group are made on an arms-length basis; terms are set according to the market conditions and in compliance with the Banking Law. In addition to the structure of the relationship, type of transaction, amount, and share in total transaction volume, amount of significant items, and share in all items, pricing policy and other Pricing policy and other conditions of transactions with the risk group of the Bank are determined and applied on arm’s length basis. The ratio of cash and non-cash loans given to the Bank’s risk group to total cash and non-cash loans are 0.32 (December 31, 2017: 0.09) and 1.14 (December 31, 2017: 2.98), respectively. Current Period - December 31, 2018 Amount Compared with the Financial Statement Amount % Cash Loans 712,930 0.32 Non-Cash Loans 743,188 1.14 Deposits 3,550,632 1.98 Forward and Option Agreements 34,629 0.03 Prior Period - December 31, 2017 Amount Compared with the Financial Statement Amount % Cash Loans 162,661 0.09 Non-Cash Loans 1,514,291 2.98 Deposits 3,033,931 1.95 Forward and Option Agreements 441,145 0.73