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.) 478 Part III: Financial Highlights and Assessment of Risk Management 3. Information on banks and other financial institutions Current Period - December 31, 2018 TL FC Central Bank of the Republic of Turkey - 431,595 Domestic banks and institutions 1,952,650 3,890,809 Foreign banks, institutions and funds 686,931 38,470,872 Total 2,639,581 42,793,276 Prior Period - December 31, 2017 TL FC Central Bank of the Republic of Turkey - 235,102 Domestic banks and institutions 1,321,299 1,452,085 Foreign banks, institutions and funds 936,242 27,443,060 Total 2,257,541 29,130,247 Maturity information of funds borrowed Current Period - December 31, 2018 TL FC Short-term (*) 1,662,836 4,479,579 Medium and Long-term (*) 976,745 38,313,697 Total 2,639,581 42,793,276 (*) Maturity profile of funds borrowed is prepared in accordance to their original maturities. Prior Period - December 31, 2017 TL FC Short-term (*) 1,341,505 3,012,169 Medium and Long-term (*) 916,036 26,118,078 Total 2,257,541 29,130,247 (*) Maturity profile of funds borrowed has been prepared in accordance with their original maturities. Funds borrowed comprise syndication and securitization loans bearing various interest rates and maturities and account for 14.40% (December 31, 2017: 12.20%) of the Group’s liabilities. There is no risk concentration on funding sources of the Group. On April 24, 2017, the loan has been renewed with a new syndicated loan amounting to US Dollar 188.5 million and Euro 716.5 million with the interest rate of US Libor + 1.15% and Euribor + 1.05% at a maturity of 367 days with participation of 37 banks, Bank of America Merrill Lynch International Limited and Emirates NBD Bank PJSC acting as coordinator, and, National Bank of Abu Dhabi PJSC acting as agent bank. On April 24, 2018, the loan has been renewed with a new syndicated loan amounting to US Dollar 100 million at a maturity of 735 days with the interest rate of US Libor +2.10% and US Dollar 229 million and Euro 778.75 million at a maturity of 367 days, with the interest rate of US Libor +1.30% and Euribor +1.20% with participation of 35 banks, Mizuho Bank, LTD and Emirates NBD Bank PJSC acting as coordinator, and first Abu Dhabi PJSC acting as agent bank.