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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.)
VI. INTEREST RATE RISK
Interest sensitivity of assets, liabilities and off-balance sheet items is evaluated during the weekly Assets-Liabilities Committee meetings taking into account
the developments in market conditions.
Bank’s interest rate risk is measured by the standard method.
Measurements for standard method are carried out monthly using the maturity ladder table.
Interest rate sensitivity of assets, liabilities and off balance sheet items based on repricing dates
Current Period
Up to 1
Month 1-3 Months 3-12 Months
1-5 Years
5 Years and
Over
Non-Interest
Bearing
Total
Assets:
Cash and balances with CBT
3,055,551
-
-
-
-
18,829,428 21,884,979
Banks
2,158,787
114,574
6,245
-
-
291,014 2,570,620
Financial assets at fair value through profit/loss
158,375
164,087
6,250
28,995
21,869
619
380,195
Interbank money market placements
-
-
-
-
-
-
-
Available-for-sale financial assets
2,629,343 2,018,908 5,222,280 4,234,901 2,217,850
15 16,323,297
Loans and receivables
33,327,775 22,020,835 21,643,728 16,994,647 10,356,457
240,075 104,583,517
Held-to-maturity investments
281,186 1,559,200 3,180,566
290,780 1,542,861
-
6,854,593
Other assets
(*)
15,993
110
4,868
47,165
528 5,551,861 5,620,525
Total assets
41,627,010 25,877,714 30,063,937 21,596,488 14,139,565 24,913,012 158,217,726
Liabilities:
Bank deposits
4,340,899
452,338
22,912
-
-
59,910 4,876,059
Other deposits
44,970,026 19,229,378 5,909,177
19,415
-
16,752,913 86,880,909
Interbank money market takings
15,596,871
233,330
349,241
-
205,860
-
16,385,302
Miscellaneous payables
-
-
-
-
-
3,160,415 3,160,415
Securities issued
718,111 2,188,178 2,584,786 4,966,682
-
-
10,457,757
Funds borrowed
3,795,555 6,750,842 3,566,606
70,562
743,483
-
14,927,048
Other liabilities
(**)
142,908
19,277
127,000
458,380 1,660,806 19,121,865 21,530,236
Total liabilities
69,564,370 28,873,343 12,559,722 5,515,039 2,610,149 39,095,103 158,217,726
On balance sheet long position
-
-
17,504,215 16,081,449 11,529,416
-
45,115,080
On balance sheet short position
(27,937,360) (2,995,629)
-
-
- (14,182,091) (45,115,080)
Off-balance sheet long position
705,056 1,698,093 1,201,132
548,903
879,885
-
5,033,069
Off-balance sheet short position
(46,669)
(37,825) (1,201,132) (1,853,104) (1,657,085)
- (4,795,815)
Position, Net
(27,278,973) (1,335,361) 17,504,215 14,777,248 10,752,216 (14,182,091)
237,254
(*)
Subsidiaries, associates and tangible and intangible assets, and deferred tax are included in non-interest bearing column.
(**)
Equity is included in non-interest bearing column in other liabilities line.