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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.)
Specific provisions for loans
Current Period
Prior Period
Loans and Receivables with Limited Collectability
60,286
63,999
Loans and Receivables with Doubtful Collectability
546,295
659,768
Uncollectible Loans and Receivables
3,127,716
2,551,666
Total
3,734,297
3,275,433
Information on non-performing loans (Net)
Information on non-performing loans and other receivables restructured or rescheduled
Group III
Group IV
Group V
Loans and
receivables with
limited collectability
Loans and
receivables
with doubtful
collectability
Uncollectible loans
and receivables
Current period
34,563
92,576
82,945
(Gross amounts before the specific reserves)
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
34,563
92,576
82,945
Prior period
46,682
72,045
65,263
(Gross amounts before the specific reserves)
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
46,682
72,045
65,263
Movements in non-performing loan groups
Group III
Group IV
Group V
Loans and
receivables with
limited collectability
Loans and
receivables
with doubtful
collectability
Uncollectible loans
and receivables
Balance at the beginning of the period
319,993
659,768
2,551,666
Additions (+)
1,270,292
41,474
30,345
Transfers from other categories of loans under follow-up (+)
(*)
-
1,162,570
1,120,247
Transfers to other categories of loans under follow-up (-)
(*)
1,153,697
1,169,911
92,312
Collections (-)
136,227
147,606
482,230
Write-offs (-)
-
-
-
Corporate and commercial loans
-
-
-
Retail loans
-
-
-
Credit cards
-
-
-
Others
-
-
-
Balance at the end of the period
300,361
546,295
3,127,716
Specific provision (-)
60,286
546,295
3,127,716
Balance, net
240,075
-
-
(*)
Loans that are transferred from restructured loans to non-performing loans and from non-performing loans to restructured loans are presented in the Transfers from and to other categories
of loans under follow-up lines.
Uncollectible loans and receivables are collected by liquidation of collaterals and legal follow-up.