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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
The detail of collateral held against performing cash and non-cash loans by the Bank
Cash loans
31 December 2013 31 December 2012
Secured Loans:
63,997,120
50,544,148
Secured by mortgages
18,440,959
19,751,313
Secured by cash collateral
384,250
587,270
Guarantees issued by financial institutions
185,832
273,443
Secured by government institutions or government securities
210,041
172,801
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
44,776,038
29,759,321
Unsecured Loans
25,339,591
19,327,468
Total performing loans
89,336,711
69,871,616
Non-cash loans
31 December 2013 31 December 2012
Secured Loans:
10,559,371
7,669,050
Secured by mortgages
679,079
669,759
Secured by cash collateral
85,525
123,436
Guarantees issued by financial institutions
5,700
7,901
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
9,789,067
6,867,954
Unsecured Loans
12,847,335
9,581,987
Total non-cash loans
23,406,706
17,251,037
III. Consolidated Market risk
The Parent Bank calculates market risk using standard method and allocates legal capital in compliance with “Regulation on Measurement and
Assessment of Capital Adequacy Ratios of Banks” published in 28 June dated 2012 Official Gazette no. 28337.
The market risk is defined as the potential risk of loss due to changes in interest rates, foreign exchange rates and equity prices on balance sheet and
off-balance sheet positions of the Bank.
The capital needed for general market risk and specific risks is calculated using the standard method defined by the “Regulation on Measurement and
Assessment of Capital Adequacy Ratios of Banks” and reported monthly.
In addition to the standard method, the Parent Bank also uses internal models like Historical and Monte Carlo Simulations in measuring market risk. The
Parent Bank also performs daily back-testing in order to measure the reliability of the models. Besides, scenario analyses are implemented in order to
support the Standard Method and internal models. In order to monitor the maturity structure of the asset and liability accounts, liquidity analysis are
performed and the duration of the Bank’s assets and liabilities is calculated.
The market risk analysis of the Parent Bank is reported monthly and sent to the related regulatory institutions.
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