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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.)
Risk balances according to risk weights
Risk Weights
Current Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions
from the
shareholders’
equity
Pre-Amount
of Credit Risk
Mitigation
47,554,085
- 16,779,325 37,737,598 23,535,298 57,619,942 2,990,704 9,446,254 97,738
-
359,114
Amount after
Credit Risk
Mitigation
54,978,227
- 10,597,030 37,813,961 23,371,738 56,480,407 2,986,884 9,434,959 97,738
-
359,114
Risk Weights
Prior Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions
from the
shareholders’
equity
Pre-Amount
of Credit Risk
Mitigation
42,488,871
- 12,281,012 31,132,458 22,284,644 46,820,636 2,837,152 9,393,300 11,741
-
279,005
Amount after
Credit Risk
Mitigation
49,625,046
- 7,404,139 29,328,116 22,187,404 46,462,916 2,837,152 9,393,300 11,741
-
279,005
In determination of counterparty credit risk of the receivables from Banks operated abroad, ratings given by International Credit Rating Agency Fitch Rating are
considered. Rating of the same company is also used in the assessment of risks from foreign currency investment securities issued by Turkish Treasury and
other foreign currency risks associated with Central Administration of Turkish Republic.
Ratings Matched
Credit Quality Rank
Fitch
Long Term Credit Ratings
1
AAA between AA-
2
A+ between A-
3
BBB+ between BBB-
4
BB+ between BB-
5
B+ between B-
6
CCC+ and below
Short Term Credit Ratings
1
F1+ between F1
2
F2
3
F3
4
F3 and below
5
-
6
-