VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 461 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.) Quoted associates Current Period - December 31, 2018 Quoted at domestic stock exchanges 186,248 Quoted at international stock exchanges - Total 186,248 Prior Period - December 31, 2017 Quoted at domestic stock exchanges 292,341 Quoted at international stock exchanges - Total 292,341 Investments in associates disposed during the period There is not any associate disposed by the Parent Bank in the current period. Investments in associates acquired during the period In the current period, the Bank have participated establishment of “Turkey Products Inc. Specialized Exchange” with a capital of TL 100,000. In the Company, the nominal share of Bank is TL 3,000 and its share is 3%. The bank has to pay one-quarter of its share in cash, and the remaining three quarters within 24 months of the registration of the Company. Transactions related to the establishment of the company were registered in the trade registry on 8 June 2018. As of June 30, 2018 the Bank has made a payment of one-quarter of its share and the shares amounting to TL 750 has been presented in Purchases in the movement table of investment in associates.