VakıfBank Anual Report 2014

FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT

216

CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE

Audited Current Period

31 December 2014

Audited Prior Period

31 December 2013

Notes

TOTAL

OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III)

42,988,855

49,879,901

92,868,756

65,938,502

56,628,425

122,566,927

GUARANTEES AND SURETIES

V-III-2-4

16,892,950

11,782,097

28,675,047

14,340,111

9,066,595

23,406,706

1.1

Letters of guarantee

V-III-1

16,842,349

4,616,458

21,458,807

14,268,047

3,633,776

17,901,823

1.1.1 Guarantees subject to State Tender Law

1,869,107

2,266,261

4,135,368

1,905,899

1,952,543

3,858,442

1.1.2 Guarantees given for foreign trade operations

913,389

650,221

1.1.3 Other letters of guarantee

14,059,853

2,350,197

16,410,050

11,711,927

1,681,233

13,393,160

1.2

Bank acceptances

20,836

1,943,257

1,964,093

12,129

1,040,149

1,052,278

1.2.1 Import letter of acceptance

2,190

78,990

81,180

1,500

77,393

78,893

1.2.2 Other bank acceptances

18,646

1,864,267

1,882,913

10,629

962,756

973,385

1.3

Letters of credit

5,212,911

7,866

4,382,383

4,390,249

1.3.1 Documentary letters of credit

5,212,911

7,866

4,382,383

4,390,249

1.3.2 Other letters of credit

1.4

Guaranteed pre-financings

1,845

1,702

1.5

Endorsements

1.5.1 Endorsements to the Central Bank of Turkey

1.5.2 Other endorsements

1.6

Marketable securities underwriting commitments

1.7

Factoring related guarantees

29,765

5,023

34,788

52,069

6,666

58,735

1.8

Other guarantees

2,603

1,759

1.9

Other sureties

160

II.

COMMITMENTS

19,426,933

7,734,462

27,161,395

45,490,756

26,572,506

72,063,262

2.1

Irrevocable commitments

17,917,041

2,878,768

20,795,809

15,323,929

3,855,721

19,179,650

2.1.1 Asset purchase commitments

V-III-1

46,228

2,640,634

2,686,862

539,362

3,636,414

4,175,776

2.1.2 Deposit purchase and sales commitments

2.1.3 Share capital commitments to associates and subsidiaries

V-III-1

2.1.4 Loan granting commitments

V-III-1

8,053,342

14,859

8,068,201

6,730,503

8,853

6,739,356

2.1.5 Securities issuance brokerage commitments

2.1.6 Commitments for reserve deposit requirements

2.1.7 Commitments for cheque payments

V-III-1

1,638,976

1,320,438

2.1.8 Tax and fund obligations on export commitments

2.1.9 Commitments for credit card limits

V-III-1

7,641,987

6,261,117

2.1.10 Commitments for credit card and banking operations promotions

247,938

238,991

2.1.11 Receivables from "short" sale commitments on securities

2.1.12 Payables from "short" sale commitments on securities

2.1.13 Other irrevocable commitments

V-III-1

288,570

223,275

511,845

233,518

210,454

443,972

2.2

Revocable commitments

1,509,892

4,855,694

6,365,586

30,166,827

22,716,785

52,883,612

2.2.1 Revocable loan granting commitments

1,509,892

4,817,757

6,327,649

30,161,137

22,691,169

52,852,306

2.2.2 Other revocable commitments

37,937

5,690

25,616

31,306

III.

DERIVATIVE FINANCIAL INSTRUMENTS

V-III-5

6,668,972

30,363,342

37,032,314

6,107,635

20,989,324

27,096,959

3.1

Derivative financial instruments held for risk management

3.1.1 Fair value hedges

3.1.2 Cash flow hedges

3.1.3 Net foreign investment hedges

3.2

Trading derivatives

6,668,972

30,363,342

37,032,314

6,107,635

20,989,324

27,096,959

3.2.1 Forward foreign currency purchases/sales

242,929

312,275

555,204

602,810

731,325

1,334,135

3.2.1.1 Forward foreign currency purchases

121,619

156,202

277,821

301,607

365,671

667,278

3.2.2.2 Forward foreign currency sales

121,310

156,073

277,383

301,203

365,654

666,857

3.2.2 Currency and interest rate swaps

5,782,733

22,857,662

28,640,395

5,331,187

16,127,197

21,458,384

3.2.2.1 Currency swaps-purchases

1,810,386

11,235,508

13,045,894

3,299,610

7,487,077

10,786,687

3.2.2.2 Currency swaps-sales

3,772,347

4,343,916

8,116,263

2,031,577

4,494,972

6,526,549

3.2.2.3 Interest rate swaps-purchases

100,000

3,639,119

3,739,119

2,072,574

3.2.2.4 Interest rate swaps-sales

100,000

3,639,119

3,739,119

2,072,574

3.2.3 Currency, interest rate and security options

385,290

671,258

1,056,548

173,638

169,225

342,863

3.2.3.1 Currency call options

192,645

335,629

528,274

85,819

84,611

170,430

3.2.3.2 Currency put options

192,645

335,629

528,274

85,819

84,611

170,430

3.2.3.3 Interest rate call options

3.2.3.4 Interest rate put options

3.2.3.5 Security call options

1,000

1,003

3.2.3.6 Security put options

1,000

3.2.4 Currency futures

3.2.4.1 Currency futures-purchases

3.2.4.2 Currency futures-sales

3.2.5 Interest rate futures

3.2.5.1 Interest rate futures-purchases

3.2.5.2 Interest rate futures-sales

3.2.6 Others

258,020

6,522,147

6,780,167

3,961,577

CUSTODY AND PLEDGED ITEMS (IV+V+VI)

707,625,482

298,960,692

1,006,586,174

840,321,095

225,977,220

1,066,298,315

IV.

ITEMS HELD IN CUSTODY

59,034,803

2,220,606

61,255,409

351,973,501

1,599,747

353,573,248

4.1

Customers' securities held

519,902

22,567

542,469

378,412

20,816

399,228

4.2

Investment securities held in custody

48,314,735

94,082

48,408,817

343,312,429

4.3

Checks received for collection

8,405,605

1,486,159

9,891,764

6,727,932

898,858

7,626,790

4.4

Commercial notes received for collection

1,197,188

254,511

1,451,699

983,671

233,334

1,217,005

4.5

Other assets received for collection

2,152

2,245

2,152

2,238

4.6

Assets received through public offering

6,818

6,289

4.7

Other items under custody

17,091

87,256

104,347

25,241

146,926

172,167

4.8

Custodians

578,130

269,120

847,250

543,664

293,438

837,102

PLEDGED ITEMS

180,417,729

59,408,743

239,826,472

174,951,547

50,574,396

225,525,943

5.1

Securities

242,862

18,614

261,476

336,298

27,434

363,732

5.2

Guarantee notes

944,683

232,965

1,177,648

702,095

239,873

941,968

5.3

Commodities

25,696,626

590,812

26,287,438

23,434,930

990,995

24,425,925

5.4

Warranties

5.5

Real estates

142,345,512

47,319,679

189,665,191

112,539,683

39,831,978

152,371,661

5.6

Other pledged items

10,335,024

11,114,594

21,449,618

8,343,995

9,350,018

17,694,013

5.7

Pledged items-depository

853,022

132,079

985,101

29,594,546

134,098

29,728,644

VI.

CONFIRMED BILLS OF EXCHANGE AND SURETIES

468,172,950

237,331,343

705,504,293

313,396,047

173,803,077

487,199,124

TOTAL OFF-BALANCE SHEET ITEMS (A+B)

750,614,337

348,840,593

1,099,454,930

906,259,597

282,605,645

1,188,865,242

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES

CONSOLIDATED OFF-BALANCE SHEET

AS AT 31 DECEMBER 2014

(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)

The accompanying notes are an integral part of these consolidated financial statements.