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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 TurkIsh Lıra (“TL”))
(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I)
Residual contractual maturities of the financial liabilities
31 December 2013
Carrying
amount
Gross nominal
outflow Demand
Less than
one month 1-3 months
3 months
to 1 year
1-5 years
More than
5 years
Bank deposits
4,162,328
4,173,074
18,821 3,172,488
876,802
104,963
-
-
Other deposits
77,370,486 77,780,892 13,658,038 39,125,612 19,449,353 5,505,354
42,535
-
Funds borrowed
11,404,812 12,044,724
-
219,476
740,950 6,244,484 2,037,282 2,802,532
Money market takings
14,477,081 14,503,549
-
12,428,032
237,537 1,011,566
826,414
-
Issued Securities (Net)
6,884,826
7,626,518
-
406,116 1,441,546 1,818,518 3,960,338
-
Miscellaneous payables
2,696,105
2,696,105 243,022 2,402,513
50,570
-
-
-
Other liabilities
3,394,530
4,386,428 992,300
289,786
24,299
148,355
496,656 2,435,032
Total
120,390,168 123,211,290 14,912,181 58,044,023 22,821,057 14,833,240 7,363,225 5,237,564
Non-Cash Loans
23,341,379 23,341,379 264,268
370,339 13,664,337 5,657,505 2,729,612
655,318
31 December 2012
Carrying
amount
Gross nominal
outflow Demand
Less than
one month 1-3 months
3 months
to 1 year
1-5 years
More than
5 years
Bank deposits
4,157,612
4,168,435
13,100 2,901,734
886,791
366,810
-
-
Other deposits
63,084,678 63,379,517 10,897,222 34,018,071 15,151,906 3,303,928
8,390
-
Funds borrowed
7,475,483
7,911,811
-
104,061
338,125 4,027,326 2,099,722 1,342,577
Money market takings
8,489,936
8,513,712
-
6,580,724
234,179 1,698,809
-
-
Securities Issued (Net)
2,430,313
2,682,393
-
633,496
166,395
762,214 1,120,288
-
Miscellaneous payables
2,223,602
2,223,602 116,563 2,064,207
42,832
-
-
-
Other liabilities
2,653,911
2,653,911 526,244
252,953
11,614
8,023
120,782 1,734,295
Total
90,515,535 91,533,381 11,553,129 46,555,246 16,831,842 10,167,110 3,349,182 3,076,872
Non-Cash Loans
17,216,747 17,216,747 7,631,920 1,136,877 1,567,553 4,183,700 2,013,049
683,648
This table shows the undiscounted cash flows on the Bank’s financial liabilities on the basis of their earliest possible contractual maturity. Therefore, the
gross nominal outflows in the table above vary from the carrying amounts of the relevant financial liabilities reflected in the financial statements.
Securitisation Positions
None.
Credit risk mitigation techniques
“Basic Financial Guarantee” method is used for the financial guarantees in accordance with “Communique on Credit Risk Mitigation”. Besides, Cash or
cash equivalent, treasury bill, government bond guarantees are used in credit risk mitigation.
Applications on guarantees’ valuation and method
Policies on the valuation of financial guarantees and their evaluation and valuation of immovables that are received as mortgage for loans have been
formed. These policies and procedures are prepared in accordance with “Communique on Credit Risk Mitigation” and include minimum conditions
regarding guarantee valuation and management.
Types of main guarantees recieved
Main types of the guarantees that Bank receieves for loans provided are mortgages, guarantees/sureties and financial guarantees.
Main guarantors, credit derivatives’ counterparties and their credit worthiness
Assessment of credit worthiness of main guarantors is determined and monitored in accordance with the lending and intelligence procedures of the
Bank.
Information about market and credit risk concentration in credit risk mitigation
Market risk and credit risk concentrations are carefully avoided in credit risk mitigation.
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