VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 387 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.) Credit rating of the credit rating agency, related to the Bank’s Capital Adequacy Assessment of the Measurement is listed in Appendix 1 which corresponds to the credit quality step that is given in the table below. Ratings Matched Credit Quality Rank Fitch Ratings Long Term Credit Ratings 1 Between AAA and AA- 2 Between A+ and A- 3 Between BBB+ and BBB- 4 Between BB+ and BB- 5 Between B+ and B- 6 CCC+ and below Short Term Credit Ratings 1 Between F1+ and F1 2 F2 3 F3 4 F3 and below 5 - 6 - Information According to Sectors and Counterparties Major Sectors / Counterparties Current Period - December 31,2018 Impaired (TFRS 9) Significant Increase in Credit Risk (Stage 2) Default (Stage 3) Expected Credit Loss Provisions (TFRS 9) Agricultural 257,214 263,864 198,203 Farming and raising livestock 254,311 250,429 186,462 Forestry 1,308 9,912 8,789 Fishing 1,595 3,523 2,952 Manufacturing 4,907,118 2,241,670 1,947,329 Mining 117,896 194,057 153,124 Production 3,018,859 2,031,587 1,688,586 Electric, Gas, Water 1,770,363 16,026 105,619 Construction 4,459,692 1,244,569 1,065,747 Services 9,755,176 4,072,268 3,735,040 Wholesale and retail trade 4,453,264 2,637,366 2,461,121 Hotel, Food and Beverage Services 674,909 173,345 180,992 Transportation and telecommunication 1,342,839 461,921 457,417 Financial Institutions 280,047 23,539 29,682 Real estate and renting services 1,727,025 243,646 188,541 Self-employment services 1,051,679 387,163 301,755 Education services 154,363 44,868 36,348 Health and social services 71,050 100,420 79,184 Other 1,185,355 3,306,937 2,647,025 Total 20,564,555 11,129,308 9,593,344