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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
Specific provisions for loans
Specific Provisions
Current Period
Prior Period
Loans and receivables with limited collectability
60,819
83,075
Loans and receivables with doubtful collectability
550,374
660,691
Uncollectible loans and receivables
3,250,115
2,623,687
Total
3,861,308
3,367,453
Information on non-performing loans (Net)
Information on non-performing loans and other receivables restructured or rescheduled
Group III
Group IV
Group V
Loans and receivables with
limited collectability
Loans and receivables with
doubtful collectability
Uncollectible loans and
receivables
Current period
34,563
92,576
82,945
(Gross amounts before the specific reserves)
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
34,563
92,576
82,945
Prior period
46,682
72,045
65,263
(Gross amounts before the specific reserves)
Loans and other receivables which are restructured
-
-
-
Rescheduled loans and other receivables
46,682
72,045
65,263
Movements in non-performing loan groups
Group III
Group IV
Group V
Loans and receivables with
limited collectability
Loans and receivables with
doubtful collectability
Uncollectible loans and
receivables
Balance at the beginning of the period
381,577
692,399
2,662,489
Additions (+)
1,277,757
47,751
34,430
Transfers from other categories of loans under follow-up (+)
-
1,178,124
1,175,765
Transfers to other categories of loans under follow-up (-)
(*)
1,213,749
1,174,120
92,312
Collections (-)
136,750
149,294
490,149
Write-offs (-)
-
13,579
51
Corporate and commercial loans
-
-
-
Retail loans
-
-
-
Credit cards
-
-
-
Others
-
13,579
51
Currency differences
-
1,611
66
Balance at the end of the period
308,835
582,892
3,290,238
Specific provisions (-)
60,819
550,374
3,250,115
Net balance on balance sheet
248,016
32,518
40,123
(*)
Loans that are transferred from non-performing loans to restructured loans are presented in the Transfers to other categories of loans under follow-up lines.
Uncollectible loans and other receivables are collected through liquidation of collaterals and legal follow-up.