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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
Previous Year
Associates and Subsidiaries
and Joint-Ventures
Bank’s Direct and
Indirect Shareholders
Other Components
in Risk Group
Cash
Non-Cash
Cash Non-Cash
Cash
Non-Cash
Loans and other receivables
Balance at the beginning of the year
-
591,730
-
6,572
4,443
1,385
Balance at the end of the year
-
552,273
-
37,919
9,372
13,136
Interest and commission income
38
341
-
37
570
11
Information on deposits held by the Parent Bank’s risk group
The Parent Bank’s Risk Group
Associates and Subsidiaries and
Joint-Ventures
Bank’s Direct and Indirect
Shareholders
Other Components
in Risk Group
Current Year Previous Year
Current Year Previous Year
Current Year Previous Year
Deposits
Balance at the beginning of the year
817,244
855,959
443,103
728,474
76,597
85,795
Balance at the end of the year
419,918
817,244
968,601
443,103
46,793
76,597
Interest on deposits
16,033
25,821
25,286
47,919
5
2
Information on forward and option agreements made with the Parent Bank’s risk group
None.
2. Disclosures of transactions with the Parent Bank’s risk group
Relations with entities in the risk group of / or controlled by the Bank
Transactions with the risk group are made on an arms-length basis; terms are set according to the market conditions and in compliance with the
Banking Law.
The branches of the Bank engage with insurance agency activities in relation with the operations of Güneş Sigorta AŞ and Vakıf Emeklilik AŞ, subsidiaries
operating in the insurance sector. Vakıf Yatırım Menkul Değerler AŞ engages with the management of the funds established by the Bank.
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