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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
VII. Consolidated liquidity risk
In order to avoid the liquidity risk, the Parent Bank diverts funding resources as customer deposits and foreign borrowings, considers the maturity
mismatch between assets and liabilities and maintains liquid assets to guarantee sufficient liquidity during market fluctuations.
While the Parent Bank’s short term liquidity need is met mainly with deposits, its long term liquidity is provided through foreign funding sources such as
syndication and securitization transactions. There are no significant idle liquidity resources.
Maturity analysis of assets and liabilities according to remaining maturities:
Current Year End
Demand
Up to
1 Month
1-3
Months
3-12
Months
1-5
Years
5 Years
And Over Undistributed
(*)
Total
Assets:
Cash and balance with CBT
18,975,182
-
-
-
-
-
- 18,975,182
Banks
2,538,274
435,616
182,222
2,239
-
-
-
3,158,351
Financial assets at fair value
through profit/loss
17,585
135,392
115,723
168,048
204,534
11,314
3,023
655,619
Interbank money market
placements
-
5,095
-
-
-
-
-
5,095
Available-for-sale financial
assets
-
662,288
1,034,753
2,210,121 7,078,339
5,658,533
13,375 16,657,409
Loans and receivables
-
8,977,318
3,356,745
15,400,799 41,000,878 19,568,306
369,012 88,673,058
Held-to-maturity
investments
-
549,568
114,102
566,620
495,822
3,687,059
-
5,413,171
Other assets
-
917,884
154,953
293,814
811,059
10,000
4,061,987
6,249,697
Total assets
21,531,041 11,683,161
4,958,498 18,641,641 49,590,632 28,935,212
4,447,397 139,787,582
Liabilities:
Bank deposits
25,537
3,105,830
869,432
103,153
-
-
-
4,103,952
Other deposits
13,879,873
38,796,173
19,294,057
6,040,869
898,335
26,140
- 78,935,447
Funds borrowed
-
347,263
767,077
6,297,705 2,478,866
2,394,750
- 12,285,661
Interbank money market
takings
-
12,723,139
237,295
1,005,685
809,269
-
- 14,775,388
Securities issued
-
401,592
1,427,439
1,726,684 3,265,020
-
-
6,820,735
Miscellaneous payables
-
2,408,869
115,277
33,169
1,368
-
282,385
2,841,068
Other liabilities
-
470,444
75,349
144,344
449,854
1,511,455
17,373,885 20,025,331
Total liabilities
13,905,410 58,253,310 22,785,926 15,351,609 7,902,712 3,932,345
17,656,270 139,787,582
Net Liquidity Gap
7,625,631 (46,570,149) (17,827,428)
3,290,032 41,687,920 25,002,867
(13,208,873)
-
Previous Year End
Demand
Up to
1 Month
1-3
Months
3-12
Months
1-5 Y
ears
5 Years
And Over Undistributed
(*)
Total
Total assets
13,765,503
7,674,624
1,220,162
15,938,944 43,740,945 22,271,662
3,427,572 108,039,412
Total liabilities
11,062,214
46,997,596
17,019,744
10,746,017 3,608,426
2,877,958
15,727,457 108,039,412
Net Liquidity Gap
2,703,289 (39,322,972) (15,799,582)
5,192,927 40,132,519 19,393,704
(12,299,885)
-
(*)
Certain assets on the balance sheet that are necessary for the banking operations but not convertible into cash on short period such as tangible assets, intangible assets, associates, subsidiaries,
miscellaneous receivables and equity are included in this column.
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