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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
SECTION FIVE
DISCLOSURE AND FOOTNOTES ON THE CONSOLIDATED FINANCIAL STATEMENTS
I. INFORMATION AND DISCLOSURES RELATED TO CONSOLIDATED ASSETS
1. Information on cash and balances with the Central Bank
Current Period
Prior Period
TL
FC
TL
FC
Cash
1,008,220
368,618
860,483
295,962
Central Bank of Turkey
(*)
3,055,674
17,385,018
922,802
16,870,433
Others
62,474
11,077
19,591
5,911
Total
4,126,368
17,764,713
1,802,876
17,172,306
(*)
TL 16,156,471 (31 December 2013: TL 14,542,489) of the foreign currency deposit at Central Bank of Turkey consists of foreign currency reserve deposits and TL 1,255 from total amount of
TL consists of (31 December 2013: None) reserve deposit interest accrual.
In accordance with “Announcement on Reserve Deposits” of CBT numbered 2013/15, all banks operating in Turkey shall provide a reserve rate of 11.5% for
demand deposits, and the rates decrease to 5% as maturities get longer (31 December 2013: 11.5% for demand deposits, and the rates decrease to 5% as
maturities get longer). For foreign currency liabilities, all banks shall provide a reserve rate of 13% in US Dollar or Euro for demand and up to 1 year maturity
deposits and rates decrease to 6% as maturities get longer (31 December 2013: 13% in US Dollar or Euro for demand and up to 1 year maturity deposits and
rates decrease to 6% as maturities get longer).
Balances with the Central Bank of Turkey
Current Period
Prior Period
TL
FC
TL
FC
Unrestricted demand deposits
3,054,416
1,228,547
922,799
1,043,944
Unrestricted time deposits
-
-
-
-
Restricted time deposits
3
-
3
1,284,000
Reserve Deposits
1,255
16,156,471
-
14,542,489
Total
3,055,674
17,385,018
922,802
16,870,433
2. Further information on financial assets at fair value through profit/loss
Financial assets at fair value through profit/loss given as collateral or blocked
Current Period
Prior Period
TL
FC
TL
FC
Equity shares
-
-
-
-
Bonds, treasury bills and similar marketable securities
10,189
8,468
105,248
8,403
Others
-
-
-
-
Total
10,189
8,468
105,248
8,403
Trading securities subject to repurchase agreements
None.