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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 debt Instruments included in the unconsolidated equity calculation:
Issuer
T.Vakıflar Bankası T.A.O.
Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)
XS0849728190/US90015NAB91
Governing law(s) of the instrument
TURKEY
Regulatory treatment
Subject to 10% deduction as of 1/1/2015
Yes
Eligible at solo/group/group&solo
Available
Instrument type
Borrowing Instrument
Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date)
2,118
Par value of instrument
2,088
Accounting classification
347011
Original date of issuance
1-Nov-12
Perpetual or dated
Dated (10 years) Maturity Date: 1 November 2022
Issue date
1-Nov-12
Issuer call subject to prior supervisory approval
Available
Subsequent call dates, if applicable
-
Coupons/dividends
Fixed or floating dividend/coupon
Fixed/Interest payment once in six month, principal payment
at the maturity date
Coupon rate and any related index
6.00%
Existence of a dividend stopper
Nil
Fully discretionary, partially discretionary or mandatory
Nil
Existence of step up or other incentive to redeem
Nil
Noncumulative or cumulative
Nil
Convertible or non-convertible
If convertible, conversion trigger (s)
-
If convertible, fully or partially
-
If convertible, conversion rate
-
If convertible, mandatory or optional conversion
-
If convertible, specify instrument type convertible into
-
If convertible, specify issuer of instrument it converts into
-
Write-down feature
If write-down, write-down trigger(s)
-
If write-down, full or partial
-
If write-down, permanent or temporary
-
If temporary write-down, description of write-up mechanism
-
Position in subordination hierarchy in liquidation (specify instrument type immediately senior
to instrument)
Deposit and other receivables
Whether conditions which stands in article of 7 and 8 of Banks’ shareholder equity law are
possessed or not
Possess Article 8
According to article 7 and 8 of Banks' shareholders equity law that are not possessed
Not Possess Article 7
Approach adopted under internal capital adequacy assessment process for monitoring the adequacy of internal capital for current and future
activities
In order to identify the internal capital adequacy assessment process and capital adequacy policy “Document on Internal Capital Adequacy Assessment Process”
has been constituted and approved by Board of Directors of the Parent Bank on September 2012. The document includes planning of the capital, procedures
and principles on emergency capital and risk reducing plans. The underlying objective of the internal capital adequacy assessment is continuous monitoring and
maintaining of the varieties, components and distribution of capital required for eliminating actual and potential risks the Bank faces or might face.