210 / 324
FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
210
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED FINANCIAL REPORT AS AT AND
FOR THE YEAR ENDED 31 DECEMBER 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE
SECTION ONE
GENERAL INFORMATION
I. HISTORY OF THE PARENT BANK INCLUDING ITS INCORPORATION DATE, INITIAL LEGAL STATUS, AMENDMENTS TO LEGAL STATUS
Türkiye Vakıflar Bankası Türk Anonim Ortaklığı (“the Bank” or “the Parent Bank”) was established to operate as stated in the disclosure V of this section, under
the authorization of a special law numbered 6219, called “the Law of Türkiye Vakıflar Bankası Türk Anonim Ortaklığı”, on 11 January 1954 within the framework
of the authority granted to The General Directorate of the Foundations of Turkish Republic Prime Ministry (“The General Directorate of the Foundations”). The
Bank’s statute has not been changed since its establishment.
II. THE PARENT BANK’S SHAREHOLDER STRUCTURE, MANAGEMENT AND INTERNAL AUDIT, DIRECT AND INDIRECT SHAREHOLDERS, CHANGE IN
SHAREHOLDER STRUCTURE DURING THE PERIOD AND INFORMATION ON BANK’S RISK GROUP
The shareholder having control over the shares of the Parent Bank is the General Directorate of the Foundations.
As at 31 December 2014 and 31 December 2013, The Bank’s paid-in capital is TL 2,500,000 divided into 250,000,000,000 shares with each has a nominal
value of Kr 1.
The Parent Bank’s shareholders’ structure as at 31 December 2014 is stated below:
Shareholders
Number of
shares (100 unit)
Nominal Value of
the Shares
Thousands of TL
Share
Percentage (%)
Registered foundations represented by the General Directorate of the Foundations (Group A)
1,075,058,640
1,075,058
43.00
Vakıfbank Memur ve Hizmetlileri Emekli ve Sağlık Yardım Sandığı Vakfı (Group C)
402,552,666
402,553
16.10
Appendant foundations represented by the General Directorate of the Foundations (Group B)
386,224,784
386,225
15.45
Other appendant foundations (Group B)
3,096,742
3,097
0.13
Other registered foundations (Group B)
1,453,085
1,453
0.06
Other real persons and legal entities (Group C)
1,533,786
1,534
0.06
Publicly traded (Group D)
630,080,297
630,080
25.20
Total
2,500,000,000
2,500,000
100.00