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VAKIFBANK
2014 ANNUAL REPORT
273
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
Prior Period
Retail
Banking
Corporate
Banking
Investment
Banking
Other
Total
Operations
OPERATING INCOME/EXPENSES
Interest Income
3,237,888
4,446,546
1,674,526
81,475
9,440,435
Interest income from loans
3,237,888
4,381,853
-
-
7,619,741
Interest income from securities portfolio
-
-
1,616,594
-
1,616,594
Interest income from banks
-
-
57,026
-
57,026
Interest income from money market transactions
-
-
906
-
906
Other interest income
-
64,693
-
81,475
146,168
Interest Expense
1,520,724
1,932,935
1,014,602
65,019
4,533,280
Interest expense on deposits
1,520,724
1,932,935
89,750
-
3,543,409
Interest expense on funds borrowed
-
-
175,752
-
175,752
Interest expense on money market transactions
-
-
387,285
-
387,285
Interest expense on securities issued
-
-
257,758
-
257,758
Other interest expenses
-
-
104,057
65,019
169,076
Net Interest Income
1,717,164
2,513,611
659,924
16,456
4,907,155
Net Fees and Commissions Income
416,792
212,315
-
-
629,107
Trading Income/Losses (Net)
-
-
257,268
-
257,268
Dividend Income
-
-
16,429
-
16,429
Other Income
-
-
-
1,465,262
1,465,262
Provision For Losses on Loans and Other Receivables
332,842
1,053,999
145,903
279,865
1,812,609
Other Expenses
-
-
-
3,457,933
3,457,933
Income/Loss From Investments Under Equity Accounting
-
-
25,631
-
25,631
Profit Before Taxes
1,801,114
1,671,927
813,349 (2,256,080)
2,030,310
Provision for taxes
-
-
-
(402,131)
(402,131)
Net Profit/Loss
1,801,114
1,671,927
813,349 (2,658,211)
1,628,179
SEGMENT ASSETS
Securities Portfolio
-
-
22,287,804
-
22,287,804
Derivative financial assets held for trading purpose
-
-
438,395
-
438,395
Banks and Receivables From Money Markets
-
-
3,163,446
-
3,163,446
Investments in Associates and Subsidiaries(Net)
-
-
438,101
-
438,101
Loans
30,575,847
58,097,211
-
-
88,673,058
Other Assets
-
1,032,665
17,951,402
5,802,711
24,786,778
TOTAL ASSETS
30,575,847
59,129,876
44,279,148
5,802,711 139,787,582
SEGMENT LIABILITIES
Deposits
33,348,374
46,101,567
3,589,458
-
83,039,399
Derivative Financial Liabilities Held for Trading Purpose
-
-
219,480
-
219,480
Interbank Money Market
-
-
14,775,388
-
14,775,388
Funds Borrowed
-
-
12,285,661
-
12,285,661
Securities Issued
-
-
6,820,735
-
6,820,735
Other Liabilities
-
-
2,148,605
4,191,172
6,339,777
Provisions and Tax Liabilities
-
-
-
3,836,184
3,836,184
Equity
-
-
-
12,470,958
12,470,958
TOTAL LIABILITIES AND EQUITY
33,348,374
46,101,567
39,839,327
20,498,314 139,787,582