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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
Main guarantors, credit derivatives’ counterparties and their credit worthiness
Assessment of credit worthiness of main guarantors is determined and monitored in accordance with the lending and intelligence procedures of the
Bank.
Information about market and credit risk concentration in credit risk mitigation
Market risk and credit risk concentrations are carefully avoided in credit risk mitigation.
Information about guarantees according to risk classifications
Information about guarantees according to risk classifications is shown in the table below:
Risk Classification-Current Year
Amount
Financial
Guarantees
Other/Physical
Guarantees
Guarantees and
credit derivatives
Claims on sovereigns and Central Banks
46,007,464
4,283,181
-
-
Claims on regional governments or local authorities
1,875,473
18,209
-
-
Claims on administrative bodies and other non-commercial
undertakings
397,891
48,355
-
-
Claims on multilateral development banks
-
-
-
-
Claims on international organizations
-
-
-
-
Claims on banks and intermediary institutions
14,734,825
6,664,579
-
-
Claims on corporate
41,951,114
449,994
-
-
Claims included in the regulatory retail portfolios
23,828,096
117,634
-
-
Claims secured by residential property
25,190,180
-
-
-
Past due loans
369,026
-
-
-
Higher risk categories decided by the Agency
12,242,193
-
-
-
Marketable securities secured by mortgages
-
-
-
-
Securitization exposures
-
-
-
-
Short-term claims and short-term corporate claims on
banks and intermediary institutions
-
-
-
-
Undertakings for collective investments in mutual funds
-
-
-
-
Other claims
4,484,824
-
-
-
Total
171,081,086
11,581,952
-
-
Risk Classification-Prior Year
Amount
Financial
Guarantees
Other/Physical
Guarantees
Guarantees and
credit derivatives
Claims on sovereigns and Central Banks
32,996,603
2,089,145
-
-
Claims on regional governments or local authorities
1,247,548
2,088
-
-
Claims on administrative bodies and other non-commercial
undertakings
58,899
11,622
-
-
Claims on multilateral development banks
-
-
-
-
Claims on international organizations
-
-
-
-
Claims on banks and intermediary institutions
11,244,450
5,439,356
-
-
Claims on corporate
78,154,379
9,710
-
-
Claims included in the regulatory retail portfolios
26,514,718
116
-
-
Claims secured by residential property
20,738,887
-
-
-
Past due loans
316,900
-
-
-
Higher risk categories decided by the Agency
6,831,919
-
-
-
Marketable securities secured by mortgages
-
-
-
-
Securitization exposures
-
-
-
-
Short-term claims and short-term corporate claims on
banks and intermediary institutions
-
-
-
-
Undertakings for collective investments in mutual funds
-
-
-
-
Other claims
3,953,721
-
-
-
Total
182,058,024
7,552,037
-
-
254