VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 419 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 Quality of Assets Current Period - December 31, 2018 Gross carrying values of (according to TAS) Allowances / Impairment Net Values Defaulted Exposures Non-Defaulted Exposures 1 Loans 11,129,308 228,750,479 11,229,586 228,650,201 2 Debt Securities - 51,057,422 166,866 50,890,556 3 Off-balance sheet exposure 258,210 102,248,214 26,739 102,479,685 4 Total 11,387,518 382,056,115 11,423,191 382,020,442 Prior Period - December 31, 2017 Gross carrying values of (according to TAS) Allowances / Impairment Net Values Defaulted Exposures Non-Defaulted Exposures 1 Loans 7,943,186 189,515,032 6,836,932 190,621,286 2 Debt Securities - 30,989,432 124,809 30,864,623 3 Off-balance sheet exposure 169,355 81,684,427 75,942 81,777,840 4 Total 8,112,541 302,188,891 7,037,683 303,263,749 Changes in Stock of Defaulted Loans and Debt Securities (*) Current Period- December 31, 2018 1 Defaulted Loans and debt securities at end of the previous reporting period 7,943,186 2 Loans and debt securities that have defaulted since the last reporting period 6,649,099 3 Returned to non-defaulted status 6,764 4 Amounts written-off 61,382 5 Other Changes (3,531,123) 6 Defaulted Loans and debt securities at end of the reporting period (1+2-3-4±5) 11,129,308 Prior Period- December 31, 2017 1 Defaulted Loans and debt securities at end of the previous reporting period 6,703,383 2 Loans and debt securities that have defaulted since the last reporting period 3,216,747 3 Returned to non-defaulted status 106,595 4 Amounts written-off 4,054 5 Other Changes (1,866,295) 6 Defaulted Loans and debt securities at end of the reporting period (1+2-3-4±5) 7,943,186 (*) Indemnified non-cash loans of the firms which are followed under “Non-performing Loans” accounts are not included in the table.