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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
Loans
Prior Period
Impaired
(*)
Past Due
(**)
Value Adjustments
Provisions
Agricultural
44,092
13,495
551
40,459
Farming and raising livestock
34,396
10,963
457
31,104
Forestry
4,768
1,153
54
4,428
Fishing
4,928
1,379
40
4,927
Manifacturing
703,438
70,474
6,843
659,806
Mining
30,811
2,443
573
29,712
Production
669,305
65,002
6,270
627,363
Electric, Gas, Water
3,322
3,029
87
2,731
Construction
305,311
159,375
4,050
262,780
Services
872,606
630,635
28,929
765,686
Wholesale and retail trade
492,256
295,029
14,119
425,712
Hotel, Food and Beverage Services
22,857
25,970
1,576
19,843
Transportation and telecommunication
190,775
188,733
8,897
172,641
Financial Institutions
9,100
1,195
61
9,044
Real estate and renting services
37,401
23,402
275
35,218
Self-employment services
103,276
71,842
2,823
89,815
Education services
4,612
6,562
204
3,707
Health and social services
12,329
17,902
975
9,706
Other
891,380
3,977,859
72309
780,297
Total
2,816,827
4,851,838
112,769
2,509,028
(*)
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.
Current Period
The opening
Balance
Provisions amounts
set aside during
the period
The cancelation of
the provisions
Other
Adjustments
(*)
Close out
Balance
Specific Provisions
2,509,028
1,306,590
(450,491)
2,326
3,367,453
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
2,099,932
749,678
(362,560)
21,978
2,509,028
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
942,878
758,704
Promissory note
(*)
728
172
Others
(**)
2,792,859
2,057,951
Total
3,736,465
2,816,827
(*)
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 exceed the amount of impaired loans.
VAKIFBANK ANNUAL REPORT 2013
241