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FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
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TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED FINANCIAL REPORT AS AT AND
FOR THE YEAR 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
Information about the consolidated shareholder equity items
Prior Period
CORE CAPITAL
Paid-in Capital
2,500,000
Nominal Capital
2,500,000
Capital Commitments (-)
-
Capital Reserves from Inflation Adjustments to Paid-in Capital
-
Share Premium
726,686
Share Cancellation Profits
-
Reserves
7,338,446
Reserves from Inflation Adjustments to Reserves
-
Profit
1,688,833
Current Period’s Profit
1,652,474
Prior Years’ Profit
36,359
Provision for Possible Losses up to 25% of Core Capital
70,915
Income on Sale of Equity Shares and Real Estates
51,329
Primary Subordinated Debt up to 15% of Core Capital
-
Minority shares
307,448
Loss excess of Reserves (-)
-
Current Year’s Loss
-
Prior Years’ Loss
-
Leasehold Improvements (-)
84,982
Intangible Assets (-)
128,069
Deferred Tax Asset excess of 10% of Core Capital (-)
-
Limit excesses as per the 3rd Paragraph of the Article 56 of the Banking Law (-)
-
Goodwill(Net)
-
Total Core Capital
12,470,606
SUPPLEMENTARY CAPITAL
-
General Provisions
1,190,739
45% of Revaluation Surplus on movables
-
45% of Revaluation Surplus on Immovables
-
Bonus shares of Associates, Subsidiaries and Joint-Ventures
6,282
Primary Subordinated Debt excluding the Portion included in Core Capital
-
Secondary Subordinated Debt
1,945,816
45% of value increase fund of financial assets available for sale and associates and subsidiaries
(149,719)
Adjustment to paid-in capital, profit reserves and previous years losses (except adjustment to legal reserves)
-
Minority share
1,653
Total Supplementary Capital
2,994,771
CAPITAL
15,465,377
DEDUCTIONS FROM CAPITAL
265,583
Unconsolidated investments in Entities (domestic/foreign) operating in Banking and
Financial Sectors exceeding 10% of ownership
-
Investments in Entities (domestic/foreign) operating in Banking and Financial Sectors at less than 10% exceeding 10% or more of the Total
Core and Supplementary Capitals
-
Loans to Banks, Financial Institutions (domestic/foreign) or Qualified Shareholders in the form of Secondary Subordinated Debts and Debt
Instruments purchased from Such Parties qualified as Primary or Secondary Subordinated Debts
179,121
Loan granted to Customer against the Articles 50 and 51 of the Banking Law
-
Net Book Values of Immovables exceeding 50% of the Capital and of Assets Acquired against Overdue Receivables and Held for Sale as per the
Article 57 Of the Banking Law but Retained more than Five Years
85,083
Securitisation positions that is deducted-preferably-from the shareholders' equity
-
Others
1,379
TOTAL EQUITY
15,199,794