VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 497 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.) Interest expense paid to associates and subsidiaries Current Period - December 31, 2018 Interests paid to the associates and subsidiaries 218,774 Prior Period - December 31, 2017 Interests paid to the associates and subsidiaries 132,348 Interest expense on securities issued As at and for the year ended at December 31, 2018, interest paid to securities issued is TL 2,094,967 (December 31, 2017: TL 1,059,739). Maturity structure of the interest expense on deposits Time Deposits Current Period - December 31, 2018 Demand Deposits Up to 1 Month Up to 3 Months Up to 6 Months Up to 1 Year More than 1 Year Cumulative deposit Total TL Interbank deposits - 95,442 281,671 4,132 11,837 8,636 - 401,718 Saving deposits - 843,986 6,018,483 411,605 70,679 39,013 295 7,384,061 Public sector deposits 15,574 541,525 907,095 138,568 538,800 20,918 - 2,162,480 Commercial deposits 43 726,432 1,869,346 248,098 85,321 2,642 - 2,931,882 Other deposits - 82,449 574,635 143,725 41,503 13,069 - 855,381 Deposits with 7 days notification - - - - - - - - Total 15,617 2,289,834 9,651,230 946,128 748,140 84,278 295 13,735,522 FC Foreign Currency deposits 26,390 68,707 1,232,494 82,081 45,467 190,329 - 1,645,468 Interbank deposits 8,322 565 118,430 27,172 1,939 - - 156,428 Deposits with 7 days notification - - - - - - - - Precious metal deposits - - - - - - - - Total 34,712 69,272 1,350,924 109,253 47,406 190,329 - 1,801,896 Grand Total 50,329 2,359,106 11,002,154 1,055,381 795,546 274,607 295 15,537,418