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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)
Current Period
The opening
Balance
Provisions amounts set
aside during the period
The cancelation of
the provisions
Other
Adjustments
(*)
Close
out Balance
Specific Provisions
2,459,569
1,406,520
(590,657)
-
3,275,433
General Provisions
956,059
234,417
-
263
1,190,739
(*)
Determined according to exchange rate differences, business combinations, acquisitions and disposals of subsidiaries.
Prior Period
The opening
Balance
Provisions amounts set
aside during the period
The cancelation of
the provisions
Other
Adjustments
(*)
Close
out Balance
Specific Provisions
2,048,257
735,227
(358,648)
34,733
2,459,569
General Provisions
671,180
284,755
-
124
956,059
(*)
Determined according to exchange rate differences, business combinations, acquisitions and disposals of subsidiaries.
Fair value of collateral held against impaired loans
31 December 2013 31 December 2012
Cash collateral
(*)
-
-
Mortgage
908,623
731,741
Promissory note
(*)
-
-
Others
(**)
2,622,804
1,993,222
Total
3,531,427
2,724,963
(*)
As a policy, it is aimed to utilize from cash collateral or liquidate promissory note for an impaired loan collateralized by cash collateral or promissory note to cover the credit risk. Hence, cash
collateral and promissory note are shown as zero in the table above.
(**)
Sureties obtained for impaired loans are presented in this raw to the extent that the amount does not not exceed the amount of impaired loans.
The detail of collateral held against performing cash and non-cash loans by the Bank
Cash loans
31 December 2013 31 December 2012
Secured Loans:
63,699,025
50,107,487
Secured by mortgages
18,093,124
19,467,443
Secured by cash collateral
384,250
579,192
Guarantees issued by financial institutions
178,628
220,545
Secured by government institutions or government securities
176,565
172,801
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
44,866,458
29,667,506
Unsecured Loans
22,797,198
17,760,158
Total performing loans
86,496,223
67,867,645
Non-cash loans
31 December 2013 31 December 2012
Secured Loans:
10,500,046
7,664,652
Secured by mortgages
678,781
666,081
Secured by cash collateral
85,525
122,716
Guarantees issued by financial institutions
5,408
7,901
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
9,730,332
6,867,954
Unsecured Loans
12,841,333
9,552,095
Total non-cash loans
23,341,379
17,216,747
VAKIFBANK ANNUAL REPORT 2013
139