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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
31 December 2012
Up to 1 Month
1-3 Months
3-12 Months
1-5 Years 5 Years and Over
Total
Currency swaps:
Purchase
2,905,537
175,123
397,452
101,297
-
3,579,409
Sale
1,207,110
175,022
390,123
101,114
-
1,873,369
Currency forwards:
Purchase
188,955
144,204
124,587
-
-
457,746
Sale
188,895
144,156
124,548
-
-
457,599
Cross currency interest rate swaps:
Purchase
-
106,800
44,500
1,175,757
-
1,327,057
Sale
-
90,990
38,250
1,131,559
-
1,260,799
Interest rate swaps:
Purchase
-
-
-
766,705
696,726
1,463,431
Sale
-
-
-
766,705
696,726
1,463,431
Options:
Purchase
444,751
61,477
32,067
-
-
538,295
Sale
444,746
61,483
32,067
-
-
538,296
Investment security options:
Purchase
-
-
-
-
2
2
Sale
1,671,932
-
-
-
-
1,671,932
Total purchases
3,539,243
487,604
598,606
2,043,759
696,728
7,365,940
Total sales
3,512,683
471,651
584,988
1,999,378
696,726
7,265,426
Total
7,051,926
959,255
1,183,594
4,043,137
1,393,454
14,631,366
6. Contingent assets and liabilities
The Gorup has set aside provision amounting to TL 16,023 for the lawsuits filed by real and legal entities having conflict (31 December 2012: TL 16,581).
7. Services rendered on behalf of third parties
The Parent Bank acts as an investment agent for banking transactions on behalf of its customers and provides custody services. Such transactions are
followed under off-balance sheet accounts.
The Parent Bank’s custody services and banking transactions on behalf of individuals and corporate customers does not present a material portion.
VAKIFBANK ANNUAL REPORT 2013
289