VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 389 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.) Fair value of collateral held against impaired loans Current Period – December 31, 2018 Cash collateral (*) - Mortgage 4,688,013 Promissory note (*) - Others (**) 6,441,295 Total 11,129,308 Prior Period – December 31, 2017 Cash collateral (*) - Mortgage 3,108,721 Promissory note (*) - Others (**) 4,834,465 Total 7,943,186 (*) As a policy, it is aimed to utilize from cash collateral or liquidate promissory note for an impaired loan collateralized by cash collateral or promissory note to cover the credit risk. Hence, cash collateral and promissory note are shown as zero in the table above. (**) Sureties obtained for impaired loans are presented in this raw to the extent that the amount does not exceed the amount of impaired loans. The detail of collateral held against performing cash and non-cash loans by the Group Cash loans Current Period - December 31, 2018 Secured Loans: 177,119,503 Secured by mortgages 1,326,416 Secured by cash collateral 50,382,823 Guarantees issued by financial institutions 24,387,795 Secured by government institutions or government securities 491,853 Other collateral (pledge on assets, corporate and personal guarantees, promissory notes) 100,530,616 Unsecured Loans 51,630,976 Total performing loans 228,750,479 Cash loans Prior Period - December 31, 2017 Secured Loans: 144,015,639 Secured by mortgages 46,691,223 Secured by cash collateral 804,174 Guarantees issued by financial institutions 617,766 Secured by government institutions or government securities 19,124,808 Other collateral (pledge on assets, corporate and personal guarantees, promissory notes) 76,777,668 Unsecured Loans 45,499,393 Total performing loans 189,515,032