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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.)
In addition to the structure of the relationship, type of transaction, amount, and share in total transaction volume, amount of significant items, and share
in all items, pricing policy and other
Pricing policy and other conditions of transactions with the risk group of the Bank, are determined and applied on arm’s length basis. The ratio of cash and non-
cash loans given to the Bank’s risk group to total cash and non-cash loans are 0.08 % (31 December 2013: 0.11%) and 2.60 % (31 December 2013: 3.19%),
respectively.
Current Period
Amount
Compared to financial
statement amount (%)
Cash loans
80,343
0.08
Non-cash loans
744,519
2.60
Deposits
1,728,363
1.88
Forward and option agreements
-
-
Prior Period
Amount
Compared to financial
statement amount (%)
Cash loans
94,901
0.11
Non-cash loans
743,919
3.19
Deposits
2,029,612
2.49
Forward and option agreements
86,592
0.33
VIII. INFORMATION ON DOMESTIC, FOREIGN AND OFF-SHORE BRANCHES OR INVESTMENTS AND FOREIGN REPRESENTATIVE OFFICES
Domestic and foreign branches and representative offices
Number of Branches
Number of
Employees
Domestic Branches
(*)
890
14,879
Country
Foreign Representative Offices
-
-
-
Total Assets
Capital
Foreign Branches
1
22
USA
3,230,484
38,280
1
16
Iraq
146,908
16,240
Off-shore Branches
1
3
Bahrain
15,475,104
-
(*)
Free zone branches in Turkey is included to domestic branches.
Opening or closing of domestic and foreign branches and representative offices and significant changes in organizational structure
During 2014, 34 new domestic branches (2013: 115 domestic branches) have been opened and no branches haven’t been closed (2013: none).