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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
Risk balances according to risk weights
Risk Weights
Current Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions
from the
shareholders’
equity
Pre-Amount of Credit Risk
Mitigation
48,195,850
- 17,821,331 38,592,192 23,546,411 60,377,604 2,990,704 9,446,254 198,260
-
382,261
Amount after Credit Risk
Mitigation
55,620,001
- 11,639,035 38,668,549 23,382,850 59,238,068 2,986,884 9,434,959 198,260
-
382,261
Risk Weights
Prior Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions
from the
shareholders’
equity
Pre-Amount of Credit Risk
Mitigation
43,212,553
- 12,616,773 31,759,507 22,337,583 48,912,477 2,837,152 9,393,300 11,741
-
478,634
Amount after Credit Risk
Mitigation
50,426,927
- 7,739,899 29,955,165 22,234,970 48,481,932 2,837,152 9,393,300 11,741
-
478,634
In determination of counterparty credit risk of the receivables from Banks operated abroad, ratings given by International Credit Rating Agency Fitch Rating are
considered. Rating of the same company is also used in the assessment of risks from foreign currency investment securities issued by Turkish Treasury and
other foreign currency risks associated with Central Administration of Turkish Republic.
Ratings Matched
Credit Quality Rank
Fitch
Long Term Credit Ratings
1
AAA between AA-
2
A+ between A-
3
BBB+ between BBB-
4
BB+ between BB-
5
B+ between B-
6
CCC+ and below
Short Term Credit Ratings
1
F1+ between F1
2
F2
3
F3
4
F3 and below
5
-
6
-