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FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI
UNCONSOLIDATED FINANCIAL REPORT FOR THE
YEAR ENDED AT 31 DECEMBER 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Prior Period
CORE CAPITAL
Paid-in Capital
2,500,000
Nominal Capital
2,500,000
Capital Commitments (-)
-
Adjustments to Paid-in Capital
-
Share Premium
723,918
Share repeal
-
Legal Reserves
7,009,581
Adjustments to Legal Reserves
-
Profit
1,585,539
Net current period profit
1,585,539
Prior period profit
-
Provision for possible losses up to 25% of core capital
70,915
Profit on sale of associates, subsidiaries and buildings
44,136
Primary subordinated loans (up to 15% of Core Capital)
-
Loss that is not covered with reserves (-)
-
Net current period loss
-
Prior period loss
-
Development cost of operating lease (-)
83,935
Intangible Assets (-)
108,608
Deferred-assets for tax which exceeds of 10% of core capital (-)
-
Excess amount expressed in the Law (Article 56, 3rd Paragraph) (-)
-
Total Core Capital
11,741,546
SUPPLEMENTARY CAPITAL
General Provisions
1,190,739
45% of increase in revaluation fund on movables
-
45% of increase in revaluation fund of fixed assets
-
Free shares from investment in associates, subsidiaries and joint-ventures that is not recognized in profit
71,821
Primary subordinated loans which are ignored in the calculation of core capital
-
Secondary subordinated loan
1,955,295
45% of value increase fund of financial assets available for sale and associates and subsidiaries
306,597
Adjustment to paid-in capital, profit reserves and previous years losses(except adjustment to legal reserves)
-
Total Supplementary Capital
3,524,452
CAPITAL
15,265,998
DEDUCTIONS FROM CAPITAL
86,462
Partnership share on banks and financial institutions (domestic and abroad) that are not consolidated, with a shareholding of 10% and
above
-
The sum of partnership share on banks and financial institutions (domestic and abroad), with shareholding of less than 10%, but
exceeding 10% and more of the sum of core and supplementary capital of the bank
-
Loans extended to banks, financial institutions (domestic and abroad) and qualified shareholders, like secondary subordinated loan and
debt instruments purchased from these institutions issued, like primary and secondary subordinated loan
-
Loans extended being noncompliant with articles 50 and 51 of the Law
-
Net book values of properties owned, exceeding 50% of banks’ equity and properties, and trade goods overtaken in exchange for loans
and receivables that should be disposed within five years in accordance with article 57 of the Law, but not yet disposed
85,083
Securitisation positions that is deducted -preferably- from the shareholders' equity
-
Others
1,379
TOTAL EQUITY
15,179,536