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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)
3. Information on banks and other financial institutions
Current Year
Prior Year
TL
FC
TL
FC
Central Bank of Turkey
-
-
-
-
Domestic Bank and Institutions
122,174
160,072
86,974
201,248
Foreign Bank, Institutions and Funds
-
11,122,566
-
7,187,261
Total
122,174
11,282,638
86,974
7,388,509
Maturity information of funds borrowed
Current Year
Prior Year
TL
FC
TL
FC
Short-term
(*)
82,786
6,746,799
68,245
4,257,409
Medium and Long term
(*)
39,388
4,535,839
18,729
3,131,100
Total
122,174
11,282,638
86,974
7,388,509
(*)
The maturity profile of funds borrowed has been presented taking the original maturities into account.
Funds borrowed comprise syndication and securitization loans bearing various interest rates and maturities and account for 9.28% (31 December 2012:
8.10%) of the Bank’s liabilities. There is no risk concentration on funding sources of the Bank.
On 1 September 2010, the Bank obtained a syndication loan at the amount of US Dollar 135 million with interest rate of Libor + 1.30% and Euro 408
million with interest rate of Euribor + 1.30% at 1 year maturity; and syndication loan at the amount of US Dollar 10 million with interest rate of Libor +
1.75% and Euro 45 million with interest rates of Euribor + 1.75% at 2 years maturity with the participation of 32 banks under the coordination of West
LB AG. The Bank has repaid the part of the loan with one year maturity on 6 September 2011. On 6 September 2011, repayment of loan’s one year
maturity segments was realized. On 31 August 2012, two years maturity segments were paid off.
This loan has been renewed with a syndicated loan at the amount of US Dollar 145 million and Euro 433 million with interest rates of US Libor + 1.00
% and Euribor + 1.00 % at a maturity of one year, with the participation of 26 banks under the coordination of ING Bank NV on 7 September 2011.
The syndicated loan’s repayment was realized on 10 September 2012. This loan has been renewed with a syndicated loan at the amount of US Dollar
151 million and Euro 444.5 million with the interest rate of US Libor + 1.35% and Euribor + 1.35% at a maturity of one year, with the participation of
24 banks with the coordination and agency of ING Bank N.V. on 18 September 2012. The loan’s payment was realized on 20 September 2013 and as at
the same date the loan has been renewed with a syndicated loan at the amount of US Dollar 166 million and Euro 471 million with the interest rate of
US Libor + 0.75% and Euribor + 0.75% at a maturity of one year, with the participation of 27 banks with the coordination and agency of ING Bank N.V.
London.
On 28 March 2011, the Bank has obtained syndication loan of US Dollar 192.5 million and Euro 573.5 million with one year maturity at the cost Libor +
1.10% for US Dollar and Euribor + 1.10% for Euro, with the participation of 34 banks under the coordination of West LB AG, the loan was repaid on 29
March 2012. This loan has been renewed with a syndicated loan at the amount of US Dollar 152 million and Euro 586.7 million with interest rates of
US Libor + 1.45 % and Euribor + 1.45 % at a maturity of one year, with the participation of 41 banks under the coordination of Wells Fargo Bank NA
on 10 April 2012. Repayment of the loan obtained on 10 April 2012 was realized on 12 April 2013. This loan has been renewed with a syndicated loan
amounting to US Dollar 251.5 million and Euro 555.17 million with interest rates of US Libor + 1.00 % and Euribor + 1.00 % at a maturity of one year,
with the participation of 38 banks, Sumitomo Mitsui Banking Corporation and Brussels Branch acting as agent banks and under the coordination of Bank
of America Merrill Lynch on 11 April 2013.
Information on securities issued
Current Year
Prior Year
TL
FC
TL
FC
Nominal
2,412,839
4,514,167
1,562,105
890,000
Cost
2,309,056
4,487,936
1,505,896
880,210
Net Book Value
2,355,180
4,529,646
1,539,176
891,137
176