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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.)
Prior Period
Retail Banking
Corporate
Banking
Investment
Banking
Other
Total
Operations
OPERATING INCOME/ EXPENSES
Interest Income
3,237,622
4,326,319
1,598,277
58,352
9,220,570
Interest income from loans
3,237,622
4,326,319
-
-
7,563,941
Interest income from securities portfolio
-
-
1,590,648
-
1,590,648
Interest income from banks
-
-
7,004
-
7,004
Interest income from money market transactions
-
-
625
-
625
Other interest income
-
-
-
58,352
58,352
Interest Expense
1,484,464
1,949,389
962,712
34,388
4,430,953
Interest expense on deposits
1,484,464
1,949,389
88,798
-
3,522,651
Interest expense on funds borrowed
-
-
134,533
-
134,533
Interest expense on money market transactions
-
-
375,321
-
375,321
Interest expense on securities issued
-
-
260,003
-
260,003
Other interest expenses
-
-
104,057
34,388
138,445
Net Interest Income
1,753,158
2,376,930
635,565
23,964
4,789,617
Net Fees and Commissions Income
416,792
269,719
-
-
686,511
Trading Income/ Losses (Net)
-
-
231,657
-
231,657
Dividend Income
-
-
54,001
-
54,001
Other Income
-
-
-
708,320
708,320
Provision For Losses on Loans and Other Receivables
332,842
1,007,409
145,732
243,288
1,729,271
Other Expenses
-
-
-
2,757,921
2,757,921
Profit Before Taxes
1,837,108
1,639,240
775,491 (2,268,925)
1,982,914
Provision for taxes
-
-
-
(397,375)
(397,375)
Net Profit/ Loss
1,837,108
1,639,240
775,491 (2,666,300)
1,585,539
SEGMENT ASSETS
Securities Portfolio
-
-
21,692,002
-
21,692,002
Derivative financial assets held for trading purpose
-
-
435,690
-
435,690
Banks and Receivables From Money Markets
-
-
2,639,137
-
2,639,137
Investments in Associates and Subsidiaries
-
-
1,610,993
-
1,610,993
Loans
30,567,397
56,184,820
-
-
86,752,217
Other Assets
-
-
17,951,402
4,414,602
22,366,004
TOTAL ASSETS
30,567,397
56,184,820
44,329,224
4,414,602 135,496,043
SEGMENT LIABILITIES
Deposits
31,318,850
46,058,463
4,155,501
-
81,532,814
Derivative Financial Liabilities Held for Trading Purpose
-
-
200,778
-
200,778
Interbank Money Market
-
-
14,477,081
-
14,477,081
Funds Borrowed
-
-
11,404,812
-
11,404,812
Securities Issued
-
-
6,884,826
-
6,884,826
Other Liabilities
-
-
2,158,084
3,989,068
6,147,152
Provisions and Tax Liabilities
-
-
-
2,232,259
2,232,259
Equity
-
-
-
12,616,321
12,616,321
TOTAL LIABILITIES AND EQUITY
31,318,850
46,058,463
39,281,082
18,837,648 135,496,043