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.) 438 Part III: Financial Highlights and Assessment of Risk Management Current Period - December 31, 2018 Currency Applied Shock (+/- x basis points)* Gains/Losses Gains / Shareholders’ Equity Losses/ Shareholders’ Equity 1 TRY 500/(400) (2,552,723)/2,137,321 (6.27%) / 5.25% 2 EURO 200/(200) (938,509) / 395,960 (2.31%) / 0.97% 3 USD 200/(200) 358,642 / (315,420) 0.88% / (0.77%) Total (for negative shocks) - 2,217,861 5.45% Total (for positive shocks) - (3,132,589) (7.70%) Prior Period - December 31, 2017 Currency Applied Shock (+/- x basis points)* Gains/Losses Gains / Shareholders’ Equity Losses/ Shareholders’ Equity 1 TRY 500/(400) (2,370,615) / 2,318,845 (8.22%) / 8.04% 2 EURO 200/(200) (537,399) / 364,920 (1.86%) / 1.27% 3 USD 200/(200) 513,644 / (536,219) 1.78% / (1.86%) Total (for negative shocks) - 2,147,546 7.45% Total (for positive shocks) - (2,394,370) (8.30%)