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.) 460 Part III: Financial Highlights and Assessment of Risk Management Prior Period - December 31, 2017 Balance at the beginning of the period 253,457 Movements during the period 49,502 Transfers - Acquisitions - Bonus shares received 29,321 Share of current year profit - Sales/liquidations - Fair value changes 20,181 Impairment losses - Balance at the end of the period 302,959 Capital commitments - Share percentage at the end of period (%) - Sectoral distribution of consolidated investments and associates Current Period - December 31, 2018 Banks 196,867 Insurance companies - Factoring companies - Leasing companies - Financing companies - Other financial associates - Total 196,867 Prior Period - December 31, 2017 Banks 302,959 Insurance companies - Factoring companies - Leasing companies - Financing companies - Other financial associates - Total 302,959