VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 501 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.) Provision expenses for losses on loans and other receivables Prior Period - December 31, 2017 Specific provisions on loans and other receivables 2,214,490 Loans and receivables in Group III 495,617 Loans and receivables in Group IV 595,073 Loans and receivables in Group V 1,123,800 Non-performing commissions and other receivables - General provision expenses 208 Provision for possible losses 500,000 Impairment losses on securities: 550 Trading securities 126 Investment securities available-for-sale 424 Impairment losses from associates, subsidiaries, joint ventures, and marketable securities held to maturity : 29,147 Associates - Subsidiaries 2,525 Joint ventures - Investment securities held-to-maturity 26,622 Other (*) 98,163 Total 2,842,558 (*) Other Provision expenses amounting to 98,163 TL is comprised of provision for non-cash loans tha are not indemnified or converted into cash and provision for cheques amounting to 48,866 TL, provision expenses related to retail loans amounting to 14,793 TL and provision for other expenses amounting to 34,504 TL.