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Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
Unconsolidated Financial Report as at and
For the Year Ended 31 December 2013
(Currency: Thousands of Turkısh Lıra (“TL”))
(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I)
Risk balances according to risk weights
Risk Weights
Current Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions
from the
shareholders’
equity
Pre-Amount of Credit Risk Mitigation 42,488,871
- 12,281,012 31,132,458 22,284,644 46,820,636 2,837,152 9,393,300 11,741
-
279,005
Amount after Credit Risk Mitigation 49,625,046
- 7,404,139 29,328,116 22,187,404 46,462,916 2,837,152 9,393,300 11,741
-
279,005
Risk Weights
Prior Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions
from the
shareholders’
equity
Pre-Amount of Credit Risk Mitigation 65,547,259
- 7,964,246 51,175,826 38,291,240 72,750,169 3,959,924 9,703,914
-
-
270,699
Amount after Credit Risk Mitigation 35,862,029
- 2,093,778 24,744,629 19,064,767 36,099,168 1,979,962 4,851,957
-
-
270,699
In determination of counterparty credit risk of the receivables from Banks operated abroad, ratings given by International Credit Rating Agency Fitch
Rating are considered. Rating of the same company is also used in the assessment of risks from foreign currency investment securities issued by Turkish
Treasury and other foreign currency risks associated with Central Administration of Turkish Republic.
Ratings Matched
Credit Quality Rank
Fitch
Long Term Credit Ratings
1
AAA between AA-
2
A+ between A-
3
BBB+ between BBB-
4
BB+ between BB-
5
B+ between B-
6
CCC+ and below
Short Term Credit Ratings
1
F1+ between F1
2
F2
3
F3
4
F3 and below
5
-
6
-
VAKIFBANK ANNUAL REPORT 2013
137