162 / 324
162
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.)
SECTION FIVE
DISCLOSURE AND FOOTNOTES ON UNCONSOLIDATED FINANCIAL STATEMENTS
I. INFORMATION AND DISCLOSURES RELATED TO ASSETS
1. Cash and balances with Central Bank
Current Period
Prior Period
TL
FC
TL
FC
Cash
1,008,203
362,556
860,452
288,899
Central Bank of Turkey
(*)
3,055,674
17,385,018
922,802
16,870,433
Others
62,451
11,077
19,584
5,911
Total
4,126,328
17,758,651
1,802,838
17,165,243
(*)
TL 16,156,471 (31 December 2013: TL 14,542,489) of the foreign currency deposit at Central Bank of Turkey consists of foreign currency reserve deposits and TL 1,255 from total amount of
TL consists of (31 December 2013: None) reserve deposit interest accrual.
In accordance with “Announcement on Reserve Deposits” of CBT numbered 2013/15, all banks operating in Turkey shall provide a reserve rate of 11.5% for
demand deposits, and the rates decrease to 5% as maturities get longer (31 December 2013: 11.5% for demand deposits, and the rates decrease to 5% as
maturities get longer). For foreign currency liabilities, all banks shall provide a reserve rate of 13% in US Dollar or Euro for demand and up to 1 year maturity
deposits and rates decrease to 6% as maturities get longer (31 December 2013: 13% for demand and up to 1 year maturity deposits and rates decrease to 6%
as maturities get longer).
Balances with the Central Bank of Turkey
Current Period
Prior Period
TL
FC
TL
FC
Unrestricted Demand Deposits
3,054,416
1,228,547
922,799
1,043,944
Unrestricted Time Deposits
-
-
-
-
Restricted Time Deposits
3
-
3
1,284,000
Reserve Deposits
1,255
16,156,471
-
14,542,489
Total
3,055,674
17,385,018
922,802
16,870,433
2. Further information on financial assets at fair value through profit/loss
Financial assets at fair value through profit/loss given as collateral or blocked
None.
Trading securities subject to repurchase agreements
None.