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.) 510 Part III: Financial Highlights and Assessment of Risk Management 2. Disclosures of transactions with the Parent Bank’s risk group Relations with entities in the risk group of / or controlled by the Parent Bank regardless of the nature of relationship among the parties Transactions with the risk group are made on an arms-length basis; terms are set according to the market conditions and in compliance with the Banking Law. The branches of The Parent Bank are agencies of Güneş Sigorta AŞ and Vakıf Emeklilik ve Hayat AŞ. Vakıf Yatırım Menkul Değerler AŞ engages with the management of the funds established by the Bank. In addition to the structure of the relationship, type of transaction, amount, and share in total transaction volume, amount of significant items, and share in all items, pricing policy and other The pricing of transactions with the risk group companies is set in compliance with the market prices. The ratio of cash and non-cash loans extended to the risk group to the overall cash and non-cash loans are 0.085 (December 31, 2017: 0.010) and 0.544 (December 31, 2017: 2.462) respectively. Current Period - December 31, 2018 Amount Compared with the Financial Statement Amount % Cash Loans 193,382 0.085 Non-Cash Loans 359,472 0.544 Deposits 2,240,992 1.228 Forward and Option Agreements - - Prior Period - December 31, 2017 Amount Compared with the Financial Statement Amount % Cash Loans 18,128 0.010 Non-Cash Loans 1,263,670 2.462 Deposits 2,226,090 1.409 Forward and Option Agreements - -