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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
Prior Period
Retail
Banking
Corporate
Banking
Investment
Banking
Other
Total
Operations
OPERATING INCOME/ EXPENSES
Interest Income
2,878,741
4,123,093
1,779,476
218,671
8,999,981
Interest income from loans
2,878,741
4,123,093
-
1,206
7,003,040
Interest income from securities portfolio
-
-
1,768,986
38,158
1,807,144
Interest income from banks
-
-
7,562
52,975
60,537
Interest income from money market transactions
-
-
2,928
648
3,576
Other interest income
-
-
-
125,684
125,684
Interest Expense
1,711,542
2,234,599
656,896
141,466
4,744,503
Interest expense on deposits
1,711,542
2,234,599
-
-
3,946,141
Interest expense on funds borrowed
-
-
136,869
42,029
178,898
Interest expense on money market transactions
-
-
346,784
3,222
350,006
Interest expense on securities issued
-
-
173,243
-
173,243
Other interest expenses
-
-
-
96,215
96,215
Net Interest Income
1,167,199
1,888,494
1,122,580
77,205
4,255,478
Net Fees and Commissions Income
294,468
124,664
-
(1,027)
418,105
Trading Income/ Losses (Net)
-
-
336,038
3,353
339,391
Dividend Income
-
-
6,617
299
6,916
Other Income
-
-
-
1,298,661
1,298,661
Provision For Losses on Loans and Other Receivables
254,373
533,245
180,018
483,932
1,451,568
Other Expenses
-
-
-
3,032,355
3,032,355
Income/Loss From Investments Under Equity
Accounting
-
-
26,953
-
26,953
Profit Before Taxes
1,207,294
1,479,913
1,312,170 (2,137,796)
1,861,581
Provision for taxes
-
-
-
(437,961)
(437,961)
Net Profit/ Loss
1,207,294
1,479,913
1,312,170 (2,575,757)
1,423,620
SEGMENT ASSETS
Securities Portfolio
-
-
18,587,396
216,505
18,803,901
Derivative Financial Assets Held for Trading Purpose
-
-
88,430
-
88,430
Banks and Receivables From Money Markets
-
-
1,940,114
723,021
2,663,135
Investments in Associates and Subsidiaries(Net)
-
-
202,781
160,720
363,501
Loans
24,361,968
44,904,865
-
49,866
69,316,699
Other Assets
-
-
11,505,087
5,298,659
16,803,746
TOTAL ASSETS
24,361,968
44,904,865
32,323,808
6,448,771 108,039,412
SEGMENT LIABILITIES
Deposits
26,343,287
42,043,517
-
-
68,386,804
Derivative Financial Liabilities Held for Trading Purpose
-
-
199,692
-
199,692
Interbank Money Market
-
-
8,489,936
192,884
8,682,820
Funds Borrowed
-
-
7,475,483
625,498
8,100,981
Securities Issued
-
-
2,372,748
-
2,372,748
Other Liabilites
-
-
52,347
5,067,292
5,119,639
Provisions and Tax Liabilities
-
-
-
3,347,731
3,347,731
Equity
-
-
-
11,828,997
11,828,997
TOTAL LIABILITIES AND EQUITY
26,343,287
42,043,517
18,590,206
21,062,402 108,039,412
VAKIFBANK ANNUAL REPORT 2013
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