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VAKIFBANK
2014 ANNUAL REPORT
261
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
Exposure to currency risk
10 percent devaluation of the TL against the following currencies as at and for the year ended 31 December 2014 and 2013 would affect consolidated equity
and the consolidated statement of income (without tax effects) by the amounts shown in the table below.
This analysis assumes that all other variables, in particular interest rates, remain constant.
31 December 2014
31 December 2013
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
44,604
44,604
12,639
12,639
EUR
(803)
35,515
(16,023)
(16,023)
Other currencies
326
326
(988)
(988)
Total, net
44,127
80,445
(4,372)
(4,372)
(*)
Equity effect also includes profit or loss effect of 10% devaluation of TL against related currencies.
10 percent revaluation of the TL against the following currencies as at and for the year ended 31 December 2014 and 2013 would affect consolidated equity
and consolidated statement of income (without tax effects) by the amounts shown in the table below.
31 December 2014
31 December 2013
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
(43,109)
(43,109)
(12,639)
(12,639)
Euro
803
(35,515)
16,023
16,023
Other currencies
(100)
(100)
988
988
Total, net
(42,406)
(78,724)
4,372
4,372
(*)
Equity effect also includes profit or loss effect of 10% revaluation of TL against related currencies.
VI. CONSOLIDATED INTEREST RATE RISK
Interest sensitivity of assets, liabilities and off-balance sheet items is evaluated during the weekly Assets-Liabilities Committee meetings taking into account
the developments in market conditions.
The Parent Bank’s interest rate risk is measured by the standard method.
Measurements for standard method are carried out monthly using the maturity ladder table.