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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)
31 December 2012
Up to
1 Month
1-3
Months
3-12
Months
1-5
Years
5 Years and
Over
Total
Currency swaps:
Purchase
2,811,915
166,135
381,334
101,297
-
3,460,681
Sale
1,115,655
166,111
375,288
101,114
-
1,758,168
Currency forwards:
Purchase
188,955
144,204
124,587
-
-
457,746
Sale
188,895
144,156
124,548
-
-
457,599
Cross currency interest rate swaps:
Purchase
-
106,800
44,500 1,175,757
-
1,327,057
Sale
-
90,990
38,250 1,131,559
-
1,260,799
Interest rate swaps:
Purchase
-
-
-
766,705
696,726
1,463,431
Sale
-
-
-
766,705
696,726
1,463,431
Options:
Purchase
444,751
61,477
32,067
-
-
538,295
Sale
444,746
61,483
32,067
-
-
538,296
Other trading derivatives:
Purchase
-
-
-
-
-
-
Sale
1,671,932
-
-
-
-
1,671,932
Total purchases
3,445,621
478,616
582,488 2,043,759
696,726 7,247,210
Total sales
3,421,228
462,740
570,153 1,999,378
696,726 7,150,225
Total
6,866,849
941,356 1,152,641 4,043,137 1,393,452 14,397,435
6. Contingent assets and liabilities
Bank allocates TL 14,673 as provision for lawsuits against Bank (31 December 2012: TL 14,673).
7. Services rendered on behalf of third parties
The Bank acts as an investment agent for banking transactions on behalf of its customers and provides custody services. Such transactions are followed
under off-balance sheet accounts.
The Bank’s custody services and banking transactions on behalf of individuals and corporate customers does not present a material portion.
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