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VAKIFBANK
2014 ANNUAL REPORT
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.)
Residual contractual maturities of the financial liabilities
Current Period
Carrying
amount
Gross
nominal
outflow Demand
Less than
one month 1-3 months
3 months
to 1 year
1-5 years
More than
5 years
Bank deposits
4,876,059 4,879,012
59,910 4,341,671
453,419
24,012
-
-
Other deposits
86,880,909 87,345,379 16,752,913 45,091,487 19,424,640 6,056,284
20,055
-
Funds borrowed
14,927,048 15,845,654
-
1,240,618
854,153 6,607,235 2,794,190 4,349,458
Money market takings
16,385,302 16,396,538
-
15,604,502
233,628
351,133
-
207,275
Issued Securities (Net)
10,457,757 11,312,237
-
713,864 2,208,287 2,407,908 5,982,178
-
Miscellaneous payables
3,160,415 3,160,415
322,656 2,781,158
56,601
-
-
-
Other liabilities
3,601,609 4,553,819
904,356
393,062
35,016
9,687
37,883 3,173,815
Total
140,289,099 143,493,054 18,039,835 70,166,362 23,265,744 15,456,259 8,834,306 7,730,548
Non-Cash Loans
28,633,923 28,633,923
243,079
835,912 16,437,467 6,930,286 3,503,638
683,541
Prior Period
Carrying
amount
Gross
nominal
outflow Demand
Less than one
month 1-3 months
3 months to
1 year
1-5 years
More than
5 years
Bank deposits
4,162,328 4,173,074
18,821 3,172,488
876,802
104,963
-
-
Other deposits
77,370,486 77,780,892 13,658,038 39,125,612 19,449,353 5,505,354
42,535
-
Funds borrowed
11,404,812 12,044,724
-
219,476
740,950 6,244,484 2,037,282 2,802,532
Money market takings
14,477,081 14,503,549
-
12,428,032
237,537 1,011,566
826,414
-
Issued Securities (Net)
6,884,826 7,626,518
-
406,116 1,441,546 1,818,518 3,960,338
-
Miscellaneous payables
2,696,105 2,696,105
243,022 2,402,513
50,570
-
-
-
Other liabilities
3,394,530 4,386,428
992,300
289,786
24,299
148,355
496,656 2,435,032
Total
120,390,168 123,211,290 14,912,181 58,044,023 22,821,057 14,833,240 7,363,225 5,237,564
Non-Cash Loans
23,341,379 23,341,379
264,268
370,339 13,664,337 5,657,505 2,729,612
655,318
This table shows the undiscounted cash flows on the Bank’s financial liabilities on the basis of their earliest possible contractual maturity. Therefore, the gross
nominal outflows in the table above vary from the carrying amounts of the relevant financial liabilities reflected in the financial statements.
Securitisation Positions
None.
Credit risk mitigation techniques
“Basic Financial Guarantee” method is used for the financial guarantees in accordance with “Communique on Credit Risk Mitigation”. Cash or cash equivalent,
treasury bill, government bond and guarantees are used in credit risk mitigation.
Applications on guarantees’ valuation and method
Policies on the valuation of financial guarantees and their evaluation and valuation of immovables that are received as mortgage for loans have been formed.
These policies and procedures are prepared in accordance with “Communique on Credit Risk Mitigation” and include minimum conditions regarding guarantee
valuation and management.
Types of main guarantees recieved
Main types of the guarantees that Bank receieves for loans provided are mortgages, guarantees/sureties and financial guarantees.