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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.)
Revaluation Surplus
Unrealized Gain and Loss
Portfolio-Prior Period
Realized Gain/
Loss in Current
Period
Total
(*)
Included in
Supplementary
Capital
Total
(*)
Included in Core
Capital
Included in
Supplementary
Capital
1. Private Capital Investments
-
-
-
-
-
-
2. Publicly Traded Stocks
-
-
-
419,600
-
188,820
3. Other Stocks
-
412,957
185,830
-
-
-
4. Total
-
412,957
185,830
419,600
-
188,820
(*)
Amounts are presented including the effect of deferred tax.
VII. LIQUIDITY RISK
In order to avoid the liquidity risk, the Bank diverts funding resources as customer deposits and foreign borrowings, considers the maturity mismatch between
assets and liabilities and maintains liquid assets to guarantee sufficient liquidity during market fluctuations.
While the Bank’s short term liquidity need is met mainly with deposits, its long term liquidity is provided through foreign funding sources such as syndication
and securitization transactions and international bond issues. There are no significant idle liquidity resources.
Maturity analysis of assets and liabilities according to remaining maturities
Current Period
Demand
Up to
1 Month
1-3
Months
3-12
Months
1-5
Years
5 Years
and Over Undistributed
(*)
Total
Assets:
Cash and balance with CBT
18,829,428 3,055,551
-
-
-
-
- 21,884,979
Banks
2,096,480
353,321
114,574
6,245
-
-
-
2,570,620
Financial assets at fair value through
profit/loss
619
59,800
45,503
6,250 246,154
21,869
-
380,195
Interbank money market placements
-
-
-
-
-
-
-
-
Available-for-sale financial assets
-
29,371
643,394 1,755,689 7,319,164 6,575,664
15 16,323,297
Loans and receivables
-
9,760,026 3,780,425 19,103,092 46,736,824 24,963,075
240,075 104,583,517
Held-to-maturity investments
-
-
92,844 202,211 1,509,417 5,050,121
-
6,854,593
Other assets
-
881,126
110
4,868 119,602
528
4,614,291 5,620,525
Total assets
20,926,527 14,139,195 4,676,850 21,078,355 55,931,161 36,611,257
4,854,381 158,217,726
Liabilities:
Bank deposits
59,910 4,340,899
452,338
22,912
-
-
-
4,876,059
Other deposits
16,752,913 44,970,026 19,229,378 5,909,177
19,415
-
- 86,880,909
Funds borrowed
-
1,237,218
850,182 6,529,162 2,560,240 3,750,246
- 14,927,048
Interbank money market takings
- 15,596,871
233,330 349,241
-
205,860
- 16,385,302
Securities issued
-
717,590 2,188,013 2,364,232 5,187,922
-
- 10,457,757
Miscellaneous payables
-
2,781,158
56,601
-
-
-
322,656 3,160,415
Other liabilities
-
602,206
283,189
9,687
37,883 2,221,605
18,375,666 21,530,236
Total liabilities
16,812,823 70,245,968 23,293,031 15,184,411 7,805,460 6,177,711
18,698,322 158,217,726
Liquidity gap
4,113,704 (56,106,773) (18,616,181) 5,893,944 48,125,701 30,433,546 (13,843,941)
-
Prior Period
Demand
Up to
1 Month
1-3
Months
3-12
Months
1-5
Years
5 Years
and Over
Undistributed
(*)
Total
Total assets
21,337,007 11,043,432 4,548,822 17,799,419 47,642,546 28,597,769
4,527,048 135,496,043
Total liabilities
13,676,859 58,102,416 22,682,545 14,571,517 6,425,170 3,914,314
16,123,222 135,496,043
Liquidity gap
7,660,148 (47,058,984) (18,133,723) 3,227,902 41,217,376 24,683,455 (11,596,174)
-
(*)
Certain assets on the balance sheet that are necessary for the banking operations but not convertible into cash in short period such as tangible assets, intangible assets, associates,
subsidiaries, miscellaneous receivables and shareholder’s equity in the liabilities have been included in this column.