191 / 324
191
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.)
31 December 2013
Up to 1 Month
1-3 Months
3-12 Months
1-5 Years 5 Years and Over
Total
Currency swaps:
Purchase
6,237,606
2,221,184
536,697
-
-
8,995,487
Sale
3,505,768
979,438
535,505
-
-
5,020,711
Currency forwards:
Purchase
224,713
147,847
294,718
-
-
667,278
Sale
224,586
147,772
294,499
-
-
666,857
Cross currency interest rate swaps:
Purchase
-
353,100
107,000
936,756
-
1,396,856
Sale
-
250,998
77,250
792,895
-
1,121,143
Interest rate swaps:
Purchase
-
-
-
1,044,578
1,027,996
2,072,574
Sale
-
-
-
1,044,578
1,027,996
2,072,574
Options:
Purchase
32,224
14,002
124,204
-
-
170,430
Sale
32,224
14,002
124,204
-
-
170,430
Other trading derivatives:
Purchase
1,000
-
-
-
-
1,000
Sale
2,724,841
1,237,736
-
-
-
3,962,577
Total purchases
6,495,543
2,736,133
1,062,619
1,981,334
1,027,996
13,303,625
Total sales
6,487,419
2,629,946
1,031,458
1,837,473
1,027,996
13,014,292
Total
12,982,962
5,366,079
2,094,077
3,818,807
2,055,992
26,317,917
6. Contingent assets and liabilities
Bank allocates TL 14,673 as provision for lawsuits against Bank (31 December 2013: TL 14,673).
7. Services rendered on behalf of third parties
The Bank acts as an investment agent for banking transactions on behalf of its customers and provides custody services. Such transactions are followed under
off-balance sheet accounts. The Bank’s custody services and banking transactions on behalf of individuals and corporate customers does not present a material
portion.