VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 309 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.) III. SIGNIFICANT EVENTS AND MATTERS SUBSEQUENT TO BALANCE SHEET DATE THAT ARE NOT RESULTED As per decision No. 92065 of the bank’s Board of Directors dated December 13, 2018, the bank transferred all it’s shares with 100% ownership in Vakıf Portföy Yönetimi AŞ to Ziraat Portföy Yönetimi AŞ as of January 2, 2019. During the bank’s Board of Directors meeting on January 24, 2019, the bank decided to decrease the number of Executive Vice Presidents from 14 to 12. Following this, Executive Vice Presidents Osman DEMREN and Mustafa SAYDAM have resigned from their positions. Following the approval of the structured debt instruments issue cap application with a nominal value of TL 3,000,000,000, the bank issued a Vakıfbank structured debt instrument with a term of 35 days, a nominal value of TL 100,000,000 and an ISIN code of TR0VKFB00ZG6 to qualified investors as of January 25, 2019. The bank issued and offered to the public a Vakıfbank financing bill totalling TL 100,000,000 (full TL) nominal value with a term of 210 days, starting January 23, 2019 and ending August 23, 2019, on 21-22-23 January 2019 via the book-building method. Following this issuing, the Vakıfbank bill with an ISIN code of TRFVKFB81917 was determined to have TL 9,327,768 (full TL) nominal value, 210 days term, term ending August 23, 2019, with an annual compound interest rate of 21.4606%, simple interest rate of 20.5711% and an issue price of TL 89,417. The bank issued and offered to the public a Vakıfbank financing bill totalling TL 300,000,000 (full TL) nominal value with a term of 147 days, starting January 23, 2019 and ending June 21, 2019, on 21-22-23 January 2019 via the book-building method. Following this issuing, the Vakıfbank bill with an ISIN code of TRFVKFB61927 was determined to have TL 323,414,446 (full TL) nominal value, 147 days term, term ending June 21,2019, with an annual compound interest rate of 21.8393%, simple interest rate of 20.5603% and an issue price of TL 92,353. The bank carried out an Covered Bond transaction issued on January 22, 2019, with a nominal value of TL 396,300,000, a term of 8 years ending on January 22, 2017 and an ISIN code of XS1938440069. At the same time, the total amount of foreign resources reached TL 550,000,000 with the inclusion of swap transactions carried out under treasury transactions. The bank issued a Vakıfbank financing bill with a term of 84 days, a nominal value of TL 789,640,321 and an ISIN code of TRFVKFB41952 to be sold to qualified investors following the approval of the TL 20,000,000,000 debt instruments issue cap application. The amount was transferred to customer accounts on January 18, 2019. The bank carried out book-building regarding the issuing of a Vakıfbank financing bill with a term of 84 days, a nominal value of TL 373,858,761 and an ISIN code of TRFVKFB41945 to be sold to qualified investors following the approval of the TL 20,000,000,000 debt instruments issue cap application. The amount was transferred to customer accounts on January 11, 2019. IV. SIGNIFICANT FOREIGN CURRENCY EXCHANGE RATE FLUCTUATIONS THAT ARE SUBSEQUENT TO REPORTING DATE None.