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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
Exposure to currency risk
10 percent devaluation of the TL against the following currencies as at and for the years ended 31 December 2013 and 2012 would effect consolidated
equity and the consolidated statement of income (without tax effects) by the amounts shown in the table below.
This analysis assumes that all other variables, in particular interest rates, remain constant.
31 December 2013
31 December 2012
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
12,639
12,639
(8,959)
38,188
EUR
(16,023)
(16,023)
(8,351)
20,816
Other currencies
(988)
(988)
(249)
(249)
Total, net
(4,372)
(4,372)
(17,559)
58,755
(*)
Equity effect also includes profit or loss effect of 10% devaluation of TL against related currencies.
10 percent revaluation of the TL against the following currencies as at and for the years ended 31 December 2013 and 2012 would effect consolidated
equity and consolidated statement of income (without tax effects) by the amounts shown in the table below.
31 December 2013
31 December 2012
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
(12,639)
(12,639)
10,594
(36,553)
Euro
16,023
16,023
8,351
(20,816)
Other currencies
988
988
1,003
1,003
Total, net
4,372
4,372
19,948
(56,366)
(*)
Equity effect also includes profit or loss effect of 10% revaluation of TL against related currencies.
VI. Consolidated interest rate risk
Interest sensitivity of assets, liabilities and off-balance sheet items is evaluated during the weekly Assets-Liabilities Committee meetings taking into
account the developments in market conditions.
The Parent Bank’s interest rate risk is measured by the standard method.
Measurements for standard method are carried out monthly using the maturity ladder table.
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