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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.)
5. Information on derivative transactions
Current Period
Prior Period
Trading Derivatives
Foreign Currency Related Derivative Transactions (I)
21,948,443
18,209,192
Currency Forwards
555,204
1,334,135
Currency Swaps
20,336,691
16,534,197
Currency Futures
-
-
Currency Options
1,056,548
340,860
Interest Rate Derivative Transactions (II)
7,478,238
4,145,148
Interest Rate Forwards
-
-
Interest Rate Swaps
7,478,238
4,145,148
Interest Rate Futures
-
-
Interest Rate Options
-
-
Other Trading Derivatives (III)
6,780,167
3,963,577
A. Total Trading Derivatives (I+II+III)
36,206,848
26,317,917
Hedging Derivatives
-
-
Fair Value Hedges
air Value Hedges
-
-
Cash Flow Hedges
-
-
Hedges for Foreign Currency Investments
-
-
B. Total Hedging Derivatives
-
-
Derivative Transactions (A+B)
36,206,848
26,317,917
31 December 2014
Up to 1 Month
1-3 Months
3-12 Months
1-5 Years 5 Years and Over
Total
Currency swaps:
Purchase
8,688,057
2,181,378
176,107
296,894
-
11,342,436
Sale
3,998,297
2,172,677
176,023
296,614
-
6,643,611
Currency forwards:
Purchase
99,142
68,619
71,286
38,774
-
277,821
Sale
99,070
68,502
71,136
38,675
-
277,383
Cross currency interest rate swaps:
Purchase
63,456
58,000
-
1,172,493
-
1,293,949
Sale
46,667
37,825
-
972,203
-
1,056,695
Interest rate swaps:
Purchase
-
-
-
1,202,149
2,536,970
3,739,119
Sale
-
-
-
1,202,149
2,536,970
3,739,119
Options:
Purchase
242,712
90,791
194,771
-
-
528,274
Sale
242,710
90,790
194,774
-
-
528,274
Other trading derivatives:
Purchase
158,020
-
-
-
994,287
1,152,307
Sale
4,931,860
-
-
-
696,000
5,627,860
Total purchases
9,251,387
2,398,788
442,164
2,710,310
3,531,257
18,333,906
Total sales
9,318,604
2,369,794
441,933
2,509,641
3,232,970
17,872,942
Total
18,569,991
4,768,582
884,097
5,219,951
6,764,227
36,206,848