VKF_FRAE_2018_uyg11

CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) 380 Part III: Financial Highlights and Assessment of Risk Management Risk Classifications: Prior Period Risk Amount (**) Average Risk Amount (*)(**) Claims on sovereigns and Central Banks 94,576,550 75,796,482 Claims on regional governments or local authorities 6,911,220 5,775,138 Claims on administrative bodies and other non-commercial undertakings 438,918 1,108,723 Claims on multilateral development banks 19,615 17,081 Claims on international organizations - - Claims on banks and intermediary institutions 17,508,822 14,473,488 Claims on corporate 93,630,912 84,784,246 Claims included in the regulatory retail portfolios 50,830,366 48,090,373 Claims secured by residential property 48,390,011 46,101,812 Past due loans 1,106,254 1,145,360 Higher risk categories decided by the Agency 283,262 271,061 Marketable securities secured by mortgages - - Securitization exposures - - Short-term claims and short-term corporate claims on banks and intermediary institutions - - Undertakings for collective investments in mutual funds 263 168 Stock Investments 707,498 682,341 Other claims 10,375,891 8,433,671 (*) Before reducing the credit risk, the rate of the post credit conversion is given. (**) Average risk amount is calculated based on the arithmetic average of the monthly risk amounts after conversion for January-December 2017 period.