VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 395 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.) IV. CONSOLIDATED INTEREST RATE RISK Interest sensitivity of assets, liabilities and off-balance sheet items is evaluated during the weekly Assets-Liabilities Committee meetings taking into account the developments in market conditions. The Parent Bank’s interest rate risk is measured by the standard method. Measurements for standard method are carried out monthly using the maturity ladder table. Interest rate sensitivity of assets, liabilities and off balance sheet items (Based on repricing dates) Current Period- December 31, 2018 Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Non-Interest Bearing Total Assets: Cash and balances with CBRT 10,446,033 - - - - 22,045,424 32,491,457 Banks 3,540,882 598,137 307,355 292,915 - 1,964,819 6,704,108 Financial assets at fair value through profit/loss 36,748 38,616 12,582 24,367 6,931 105,261 224,505 Interbank money market placements 6,839 - - - - - 6,839 Financial assets at fair value through other comprehensive 832,803 1,345,230 3,316,167 2,911,635 2,463,148 3,451 10,872,434 Loans (***) 98,878,963 15,026,180 37,017,046 53,827,915 20,769,622 3,130,475 228,650,201 Financial assets measured at amortized cost 6,261,935 4,753,806 11,852,582 9,416,963 7,695,224 - 39,980,510 Other assets (*) 608,685 1,286,300 331,069 2,001,941 222,357 21,258,054 25,708,406 Total assets 120,612,888 23,048,269 52,836,801 68,475,736 31,157,282 48,507,484 344,638,460 Liabilities: Bank deposits 5,059,669 1,394,781 212,887 - - 397,156 7,064,493 Other deposits 94,731,367 30,193,000 13,141,273 1,690,674 19,820 35,635,082 175,411,216 Interbank money market takings 27,032,125 770,764 196,271 1,124,712 - - 29,123,872 Miscellaneous payables - - - - - 8,028,162 8,028,162 Securities issued 2,135,001 1,715,079 4,478,582 14,443,829 - - 22,772,491 Funds borrowed 9,556,510 21,644,977 9,030,298 3,217,685 1,551,792 431,595 45,432,857 Other liabilities (**) 70,419 659,578 1,554,315 7,666,698 8,601,480 38,252,879 56,805,369 Total liabilities 138,585,091 56,378,179 28,613,626 28,143,598 10,173,092 82,744,874 344,638,460 On balance sheet long position - - 24,223,175 40,332,138 20,984,190 - 85,539,503 On balance sheet short position (17,972,203) (33,329,910) - - - (34,237,390) (85,539,503) Off-balance sheet long position 1,298,343 5,660,915 155,265 - - - 7,114,523 Off-balance sheet short position - - - (2,439,725) (763,794) - (3,203,519) Net position (16,673,860) (27,668,995) 24,378,440 37,892,413 20,220,396 (34,237,390) 3,911,004 (*) Subsidiaries, associates and tangible and intangible assets, and deferred tax are included in “non-interest bearing” column. (**) Equity is included in “non-interest” bearing column in other liabilities line. (***) Non-performing loans and net offsets of stage 3 expected loss provisions are shown in the “Non-Interest Bearing” column.