272 / 324
FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
272
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
Major financial statement items according to business lines:
Current Period
Retail
Banking
Corporate
Banking
Investment
Banking
Other
Total
Operations
OPERATING INCOME/EXPENSES
Interest Income
3,574,225
5,944,819
2,131,494
13,986
11,664,524
Interest income from loans
3,574,225
5,819,015
-
-
9,393,240
Interest income from reserve deposits
-
-
2,015
-
2,015
Interest income from securities portfolio
-
-
2,061,241
-
2,061,241
Interest income from banks
-
-
67,307
-
67,307
Interest income from money market transactions
-
-
931
-
931
Other interest income
-
125,804
-
13,986
139,790
Interest Expense
2,090,867
2,790,529
1,896,227
32,121
6,809,744
Interest expense on deposits
2,090,867
2,790,529
162,540
-
5,043,936
Interest expense on funds borrowed
-
-
243,009
-
243,009
Interest expense on money market transactions
-
-
925,913
-
925,913
Interest expense on securities issued
-
-
445,715
-
445,715
Other interest expenses
-
-
119,050
32,121
151,171
Net Interest Income
1,483,358
3,154,290
235,267
(18,135)
4,854,780
Net Fees and Commissions Income
489,121
185,335
-
-
674,456
Trading Income/Losses (Net)
-
-
248,795
-
248,795
Dividend Income
-
-
12,229
-
12,229
Other Income
-
-
-
2,119,791
2,119,791
Provision For Losses on Loans and Other Receivables
541,083
730,771
40,851
434,960
1,747,665
Other Expenses
-
-
-
3,903,605
3,903,605
Income/Loss From Investments Under Equity Accounting
-
-
33,077
-
33,077
Profit Before Taxes
1,431,396
2,608,854
488,517 (2,236,909)
2,291,858
Provision for taxes
-
-
-
(478,015)
(478,015)
Net Profit/Loss
1,431,396
2,608,854
488,517 (2,714,924)
1,813,843
SEGMENT ASSETS
Securities Portfolio
-
-
23,796,373
-
23,796,373
Derivative financial assets held for trading purpose
-
-
379,576
-
379,576
Banks and Receivables From Money Markets
-
-
3,578,012
-
3,578,012
Investments in Associates and Subsidiaries(Net)
-
-
523,114
-
523,114
Loans
32,963,634
73,392,037
-
-
106,355,671
Other Assets
-
1,600,368
20,860,935
6,457,413
28,918,716
TOTAL ASSETS
32,963,634
74,992,405
49,138,010
6,457,413 163,551,462
SEGMENT LIABILITIES
Deposits
38,649,556
50,587,300
4,165,757
-
93,402,613
Derivative Financial Liabilities Held for Trading Purpose
-
-
270,627
-
270,627
Interbank Money Market
-
-
16,655,241
-
16,655,241
Funds Borrowed
-
-
16,260,655
-
16,260,655
Securities Issued
-
-
10,384,708
-
10,384,708
Other Liabilities
-
-
2,330,138
4,681,025
7,011,163
Provisions and Tax Liabilities
-
-
-
4,605,932
4,605,932
Equity
-
-
-
14,960,523
14,960,523
TOTAL LIABILITIES AND EQUITY
38,649,556
50,587,300
50,067,126
24,247,480 163,551,462