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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.)
Current Period
The opening Balance
Provisions amounts set
aside during the period
The cancelation of the
provisions Other Adjustments
(*)
Close out Balance
Specific Provisions
3,275,433
1,145,464
(686,600)
-
3,734,297
General Provisions
1,190,739
412,503
-
-
1,603,242
(*)
Determined according to exchange rate differences, business combinations, acquisitions and disposals of subsidiaries.
Prior Period
The opening Balance
Provisions amounts set
aside during the period
The cancelation of the
provisions Other Adjustments
(*)
Close out Balance
Specific Provisions
2,459,569
1,406,520
(590,657)
-
3,275,433
General Provisions
956,059
234,417
-
263
1,190,739
(*)
Determined according to exchange rate differences, business combinations, acquisitions and disposals of subsidiaries.
Fair value of collateral held against impaired loans
31 December 2014 31 December 2013
Cash collateral
(*)
-
-
Mortgage
1,131,152
908,623
Promissory note
(*)
-
-
Others
(**)
2,843,220
2,622,804
Total
3,974,372
3,531,427
(*)
As a policy, it is aimed to utilize from cash collateral or liquidate promissory note for an impaired loan collateralized by cash collateral or promissory note to cover the credit risk. Hence,
cash collateral and promissory note are shown as zero in the table above.
(**)
Sureties obtained for impaired loans are presented in this raw to the extent that the amount does not exceed the amount of impaired loans.
The detail of collateral held against performing cash and non-cash loans by the Bank
Cash loans
31 December 2014 31 December 2013
Secured Loans:
78,861,414
63,699,025
Secured by mortgages
32,330,313
18,093,124
Secured by cash collateral
666,941
384,250
Guarantees issued by financial institutions
3,586
178,628
Secured by government institutions or government securities
930,621
176,565
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
44,929,953
44,866,458
Unsecured Loans
25,482,028
22,797,198
Total performing loans
104,343,442
86,496,223
Non-cash loans
31 December 2014 31 December 2013
Secured Loans:
12,533,762
10,500,046
Secured by mortgages
1,092,107
678,781
Secured by cash collateral
383,395
85,525
Guarantees issued by financial institutions
-
5,408
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
11,058,260
9,730,332
Unsecured Loans
16,100,161
12,841,333
Total non-cash loans
28,633,923
23,341,379