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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.)
Major financial statement items according to business lines:
Current Period
Retail Banking
Corporate
Banking
Investment
Banking
Other
Total
Operations
OPERATING INCOME/ EXPENSES
Interest Income
3,573,807
5,752,608
2,044,674
2,498
11,373,587
Interest income from loans
3,573,807
5,752,608
-
-
9,326,415
Interest income from reserve deposits
-
-
2,015
-
2,015
Interest income from securities portfolio
-
-
2,035,273
-
2,035,273
Interest income from banks
-
-
7,006
-
7,006
Interest income from money market transactions
-
-
380
-
380
Other interest income
-
-
-
2,498
2,498
Interest Expense
2,047,479
2,835,590
1,812,619
26,421
6,722,109
Interest expense on deposits
2,047,479
2,835,590
161,564
-
5,044,633
Interest expense on funds borrowed
-
-
167,476
-
167,476
Interest expense on money market transactions
-
-
912,931
-
912,931
Interest expense on securities issued
-
-
450,732
-
450,732
Other interest expenses
-
-
119,916
26,421
146,337
Net Interest Income
1,526,328
2,917,018
232,055
(23,923)
4,651,478
Net Fees and Commissions Income
489,121
220,213
-
-
709,334
Trading Income/ Losses (Net)
-
-
223,119
-
223,119
Dividend Income
-
-
66,288
-
66,288
Other Income
-
-
-
1,345,534
1,345,534
Provision For Losses on Loans and Other Receivables
541,083
681,603
35,680
413,501
1,671,867
Other Expenses
-
-
-
3,110,210
3,110,210
Profit Before Taxes
1,474,366
2,455,628
485,782 (2,202,100)
2,213,676
Provision for taxes
-
-
-
(460,403)
(460,403)
Net Profit/ Loss
1,474,366
2,455,628
485,782 (2,662,503)
1,753,273
SEGMENT ASSETS
Securities Portfolio
-
-
23,177,890
-
23,177,890
Derivative financial assets held for trading purpose
-
-
380,195
-
380,195
Banks and Receivables From Money Markets
-
-
2,570,620
-
2,570,620
Investments in Associates and Subsidiaries
-
-
1,736,982
-
1,736,982
Loans
32,952,925
71,630,592
-
-
104,583,517
Other Assets
-
-
20,860,935
4,907,587
25,768,522
TOTAL ASSETS
32,952,925
71,630,592
48,726,622
4,907,587 158,217,726
SEGMENT LIABILITIES
Deposits
36,352,846
50,532,382
4,871,740
-
91,756,968
Derivative Financial Liabilities Held for Trading Purpose
-
-
250,252
-
250,252
Interbank Money Market
-
-
16,385,302
-
16,385,302
Funds Borrowed
-
-
14,927,048
-
14,927,048
Securities Issued
-
-
10,457,757
-
10,457,757
Other Liabilities
-
-
2,341,732
4,432,461
6,774,193
Provisions and Tax Liabilities
-
-
-
2,894,456
2,894,456
Equity
-
-
-
14,771,750
14,771,750
TOTAL LIABILITIES AND EQUITY
36,352,846
50,532,382
49,233,831
22,098,667 158,217,726