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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
Residual contractual maturities of monetary liabilities
Current year
Carrying
amount
Gross nominal
outflow Demand
Less than
one month
1-3
months
3 months to
1 year
1-5
years
More than
5 years
Bank deposits
4,103,952
4,114,689
25,538
3,107,386
876,802
104,963
-
-
Other deposits
78,935,447
79,485,635 13,879,873
38,895,639
19,480,650
6,216,492
981,498
31,483
Funds borrowed
12,285,661
12,992,694
-
362,195
822,749
6,412,167
2,591,033
2,804,550
Interbank Money market
takings
14,775,388
14,801,868
-
12,726,351
237,537
1,011,566
826,414
-
Issued Securities (Net)
6,820,735
7,572,794
-
400,920
1,436,319
1,775,217
3,960,338
-
Miscellaneous payables
2,841,068
2,841,068
282,397
2,408,857
115,277
33,169
1,368
-
Other liabilities
3,401,687
4,391,985
992,300
295,469
15,496
147,863
516,347
2,424,510
Total
123,163,938 126,200,733 15,180,108 58,196,817 22,984,830 15,701,437
8,876,998
5,260,543
Non-Cash Loans
23,406,706
23,406,706
264,268
370,339 13,670,929
5,657,505
2,788,347
655,318
Previous year
Carrying
amount
Gross nominal
outflow Demand
Less than one
month
1-3
months
3 months to
1 year
1-5
years
More than
5 years
Bank deposits
4,052,760
4,063,583
15,263
2,794,719
886,791
366,810
-
-
Other deposits
64,334,044
64,723,597 11,046,951
34,067,776
15,251,225
3,730,789
611,031
15,825
Funds borrowed
8,100,981
8,556,970
-
288,586
381,136
4,313,607
2,230,115
1,343,526
Interbank Money market
takings
8,682,820
8,706,596
-
6,773,608
234,179
1,698,809
-
-
Issued Securities (Net)
2,372,748
2,623,486
-
610,517
164,324
728,357
1,120,288
-
Miscellaneous payables
2,439,156
2,439,156 135,208 2,124,680
85,174
93,109
985
-
Other liabilities
2,646,534
2,646,534
532,109
252,953
9,788
8,635
118,115
1,724,934
Total
92,629,043 93,759,922 11,729,531 46,912,839 17,012,617 10,940,116
4,080,534
3,084,285
Non-Cash Loans
17,251,037
17,251,037 7,631,920
1,136,877
1,567,553
4,183,700
2,047,339
683,648
This table shows the undiscounted cash flows on the Group’s financial liabilities on the basis of their earliest possible contractual maturities. Therefore,
the gross nominal outflows in the table above vary from the carrying amounts of the relevant financial liabilities reflected in the consolidated financial
statements.
Securitisation Positions
None.
Credit risk mitigation techniques
“Basic Financial Guarantee” method is used for the financial guarantees in accordance with “Communique on Credit Risk Mitigation”. Besides, cash or
cash equivalent, treasury bill, government bond and guarantees are used in credit risk mitigation.
Applications on guarantees’ valuation and method
Policies on the valuation of financial guarantees and their evaluation and valuation of immovables that are received as mortgage for loans have been
formed. These policies and procedures are prepared in accordance with “Communique on Credit Risk Mitigation” and include minimum conditions
regarding guarantee valuation and management.
Types of main guarantees recieved
Main types of the guarantees that Bank receieves for loans provided are mortgages, guarantees/sureties and financial guarantees.
VAKIFBANK ANNUAL REPORT 2013
253