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Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
and Its Financial Subsidiaries Consolidated Financial Report as at and
For the Year Ended 31 December 2013
(Currency: Thousands of Turkish Lira (“TL”))
Convenience Translation of the Consolidated 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
43,212,553
- 12,616,773 31,759,507 22,337,583 48,912,477 2,837,152 9,393,300
11,741
-
478,634
Amount after Credit Risk
Mitigation
50,426,927
- 7,739,899 29,955,165 22,234,970 48,481,932 2,837,152 9,393,300
11,741
-
478,634
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
30,160,556
- 6,559,951 26,828,174 19,424,671 38,300,859 1,979,962 4,851,957
-
-
463,041
Amount after Credit Risk
Mitigation
36,343,955
- 2,783,258 25,141,605 19,262,891 37,742,502 1,979,962 4,851,957
-
-
463,041
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
-
Information According to Sectors and Counterparties
Loans
Current Period
Impaired
(*)
Past Due
(**)
Value Adjustments
Provisions
Agricultural
75,172
51,378
1,497
70,726
Farming and raising livestock
62,099
48,035
1,400
58,484
Forestry
7,558
1,962
57
7,334
Fishing
5,515
1,381
40
4,908
Manifacturing
948,934
276,153
8,020
917,512
Mining
33,748
9,924
289
33,576
Production
910,917
261,267
7,586
879,785
Electric, Gas, Water
4,269
4,962
145
4,151
Construction
381,103
185,365
5,403
355,654
Services
1,262,929
1,230,240
35,465
1,053,037
Wholesale and retail trade
631,355
543,052
15,667
568,983
Hotel, Food and Beverage Services
49,015
103,594
3,013
36,506
Transportation and telecommunication
257,698
408,123
11,775
244,731
Financial Institutions
192,581
3,154
92
81,955
Real estate and renting services
8,987
11,068
261
8,529
Self-employment services
92,457
123,479
3,599
84,677
Education services
4,510
10,525
264
3,426
Health and social services
26,326
27,245
794
24,230
Other
1,068,327
1,927,131
54,652
970,524
Total
3,736,465
3,670,267
105,037
3,367,453
(*)
Impaired loans are composed of group three, four and five loans.
(**)
Past due loans and other receivables consist of loans and other receivables that are past due up to ninety days.
240