VakıfBank Anual Report 2014

112

FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT

Audited

Current Period

31 December 2014

Audited

Prior Period

31 December 2013

Notes

Total

OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III)

42,543,635

48,918,083

91,461,718

65,514,791

55,746,467 121,261,258

GUARANTEES AND SURETIES

V-III-2-4

16,863,185

11,770,738

28,633,923

14,288,042

9,053,337

23,341,379

1.1

Letters of guarantee

16,842,349

4,610,122

21,452,471

14,268,047

3,627,537

17,895,584

1.1.1 Guarantees subject to State Tender Law

1,869,107

2,266,261

4,135,368

1,905,899

1,952,543

3,858,442

1.1.2 Guarantees given for foreign trade operations

913,389

650,221

1.1.3 Other letters of guarantee

14,059,853

2,343,861

16,403,714

11,711,927

1,674,994

13,386,921

1.2

Bank acceptances

20,836

1,943,257

1,964,093

12,129

1,040,149

1,052,278

1.2.1 Import letter of acceptance

2,190

78,990

81,180

1,500

77,393

78,893

1.2.2 Other bank acceptances

18,646

1,864,267

1,882,913

10,629

962,756

973,385

1.3

Letters of credit

5,212,911

7,866

4,382,030

4,389,896

1.3.1 Documentary letters of credit

5,212,911

7,866

4,382,030

4,389,896

1.3.2 Other letters of credit

1.4

Guaranteed pre-financings

1,845

1,702

1.5

Endorsements

1.5.1 Endorsements to the Central Bank of Turkey

1.5.2 Other endorsements

1.6

Marketable securities underwriting commitments

1.7

Factoring related guarantees

1.8

Other guarantees

2,603

1,759

1.9

Other sureties

160

II.

COMMITMENTS

19,162,556

7,458,391

26,620,947

45,270,192

26,331,770

71,601,962

2.1

Irrevocable commitments

17,652,664

2,640,634

20,293,298

15,109,055

3,640,601

18,749,656

2.1.1 Asset purchase commitments

V-III-1

46,228

2,640,634

2,686,862

539,362

3,636,414

4,175,776

2.1.2 Deposit purchase and sales commitments

2.1.3 Share capital commitments to associates and subsidiaries

V-III-1

2.1.4 Loan granting commitments

V-III-1

8,053,342

6,730,503

2.1.5 Securities issuance brokerage commitments

2.1.6 Commitments for reserve deposit requirements

2.1.7 Commitments for cheque payments

V-III-1

1,638,976

1,320,438

2.1.8 Tax and fund obligations on export commitments

2.1.9 Commitments for credit card limits

V-III-1

7,641,987

6,261,117

2.1.10 Commitments for credit card and banking operations promotions

247,938

238,991

2.1.11 Receivables from "short" sale commitments on securities

2.1.12 Payables from "short" sale commitments on securities

2.1.13 Other irrevocable commitments

24,193

18,644

4,187

22,831

2.2

Revocable commitments

1,509,892

4,817,757

6,327,649

30,161,137

22,691,169

52,852,306

2.2.1 Revocable loan granting commitments

1,509,892

4,817,757

6,327,649

30,161,137

22,691,169

52,852,306

2.2.2 Other revocable commitments

III.

DERIVATIVE FINANCIAL INSTRUMENTS

V-III-5

6,517,894

29,688,954

36,206,848

5,956,557

20,361,360

26,317,917

3.1

Derivative financial instruments held for risk management

3.1.1 Fair value hedges

3.1.2 Cash flow hedges

3.1.3 Net foreign investment hedges

3.2

Trading derivatives

6,517,894

29,688,954

36,206,848

5,956,557

20,361,360

26,317,917

3.2.1 Forward foreign currency purchases/sales

242,929

312,275

555,204

602,810

731,325

1,334,135

3.2.1.1 Forward foreign currency purchases

121,619

156,202

277,821

301,607

365,671

667,278

3.2.2.2 Forward foreign currency sales

121,310

156,073

277,383

301,203

365,654

666,857

3.2.2 Currency and interest rate swaps

5,631,655

22,183,274

27,814,929

5,180,109

15,499,236

20,679,345

3.2.2.1 Currency swaps-purchases

1,659,308

10,977,077

12,636,385

3,148,532

7,243,811

10,392,343

3.2.2.2 Currency swaps-sales

3,772,347

3,927,959

7,700,306

2,031,577

4,110,277

6,141,854

3.2.2.3 Interest rate swaps-purchases

100,000

3,639,119

3,739,119

2,072,574

3.2.2.4 Interest rate swaps-sales

100,000

3,639,119

3,739,119

2,072,574

3.2.3 Currency, interest rate and security options

385,290

671,258

1,056,548

173,638

169,222

342,860

3.2.3.1 Currency call options

192,645

335,629

528,274

85,819

84,611

170,430

3.2.3.2 Currency put options

192,645

335,629

528,274

85,819

84,611

170,430

3.2.3.3 Interest rate call options

3.2.3.4 Interest rate put options

3.2.3.5 Security call options

1,000

3.2.3.6 Security put options

1,000

3.2.4 Currency futures

3.2.4.1 Currency futures-purchases

3.2.4.2 Currency futures-sales

3.2.5 Interest rate futures

3.2.5.1 Interest rate futures-purchases

3.2.5.2 Interest rate futures-sales

3.2.6 Others

258,020

6,522,147

6,780,167

3,961,577

CUSTODY AND PLEDGED ITEMS (IV+V+VI)

706,821,902 298,845,575 1,005,667,477 839,788,953 225,942,092 1,065,731,045

IV.

ITEMS HELD IN CUSTODY

58,297,898

2,105,489

60,403,387 351,509,096

1,564,619 353,073,715

4.1

Customers' securities held

22,567

20,816

4.2

Investment securities held in custody

48,295,375

94,082

48,389,457

343,290,604

4.3

Checks received for collection

8,300,087

1,452,398

9,752,485

6,699,221

895,708

7,594,929

4.4

Commercial notes received for collection

1,129,279

182,687

1,311,966

974,141

210,113

1,184,254

4.5

Other assets received for collection

2,152

2,245

2,152

2,238

4.6

Assets received through public offering

6,818

6,289

4.7

Other items under custody

309

77,724

78,033

6,749

138,169

144,918

4.8

Custodians

570,696

269,120

839,816

536,229

293,438

829,667

PLEDGED ITEMS

180,351,054

59,408,743 239,759,797 174,883,810

50,574,396 225,458,206

5.1

Securities

241,614

18,614

260,228

334,952

27,434

362,386

5.2

Guarantee notes

943,912

232,965

1,176,877

701,927

239,873

941,800

5.3

Commodities

25,696,626

590,812

26,287,438

23,434,930

990,995

24,425,925

5.4

Warranties

5.5

Real estates

142,283,678

47,319,679

189,603,357

112,475,408

39,831,978

152,307,386

5.6

Other pledged items

10,332,202

11,114,594

21,446,796

8,342,047

9,350,018

17,692,065

5.7

Pledged items-depository

853,022

132,079

985,101

29,594,546

134,098

29,728,644

VI.

CONFIRMED BILLS OF EXCHANGE AND SURETIES

468,172,950

237,331,343

705,504,293

313,396,047

173,803,077

487,199,124

TOTAL OFF-BALANCE SHEET ITEMS (A+B)

749,365,537 347,763,658 1,097,129,195 905,303,744 281,688,559 1,186,992,303

The accompanying explanations and notes form an integral part of these financial statements.

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI

UNCONSOLIDATED OFF-BALANCE SHEET COMMITMENTS

AS OF 31 DECEMBER 2014

(Amounts expressed in thousands of Turkish Lira [“TL”] unless otherwise stated.)

CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED INTERIM FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE