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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
Euro
US Dollar
Japanese Yen
TL
%
%
%
%
Assets:
Cash and balance with CBT
-
-
-
-
Banks
0.01
0.35
-
10.35
Financial assets at fair value through profit/loss
-
-
-
-
Interbank money market placements
-
-
-
-
Available-for-sale financial assets
5.63
7.11
-
7.58
Loans and receivables
5.52
6.92
-
13.50
Held-to-maturity investments
-
3.31
-
6.83
Liabilities:
Bank deposits
1.00
0.71
-
8.21
Other deposits
2.82
2.51
-
8.16
Interbank money market takings
0.39
1.19
-
7.61
Miscellaneous payables
-
-
-
-
Securities issued
1.53
4.06
-
8.74
Funds borrowed
1.03
1.55
-
5.57
The interest rate risk of the banking book items:
Measurement Rate of Interest Rate Risk
Interest rate risk arising from banking book accounts is calculated in accordance with “Regulation on Measurement and Assessment of Interest Rate Risk Arising
from Banking Book Accounts according to Standard Shock Technique” published in the 23 August 2011 dated Official Gazette no. 28034. Legal limit is monthly
monitored and reported accordingly.
The economic value changes arising from the interest rate fluctuations which are measured according to “Regulation on Measurement and Assessment of
Interest Rate Risk Arising from Banking Book Accounts according to Standard Shock Technique” are presented in the below table:
Currency Unit-Current Period
Applied Shock (+/- x
base point)
Gain/Loss
Gain/Equity-Loss/
Equity
1. TRY
500 / (400)
(2,440,546) / 2,452,172 (13.54%) / 13.61%
2. EURO
200 / (200)
178,773 / (9,440)
0.99% / (0.05%)
3. USD
200 / (200)
441,639 / (383,071)
2.45% / (2.13%)
Total (For Negative Shocks)
-
2,059,661
11.43%
Total (For Positive Shocks)
-
(1,820,134)
(10.10%)
Currency Unit-Prior Period
Applied Shock (+/- x
base point)
Gain/Loss
Gain/Equity-Loss/
Equity
1. TRY
500 / (400)
(2,412,990) / 2,441,246 (15.89%) / 16.08%
2. EURO
200 / (200)
34,736 / 10,115
0.23% / 0.07%
3. USD
200 / (200)
457,473 / (383,076)
3.01% / (2.52%)
Total (For Negative Shocks)
-
2,068,285
13.63%
Total (For Positive Shocks)
-
(1,920,781)
(12.65%)