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TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED FINANCIAL REPORT AS AT AND
FOR THE YEAR ENDED 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
VAKIFBANK
2014 ANNUAL REPORT
Saving deposits out of insurance coverage limits
Current Period
Prior Period
Deposits and other accounts at foreign branches
21,061
16,584
Deposits and other accounts, which belong to controlling shareholders, their parents, wives/husbands, and
children
-
-
Deposits and other accounts, which belong to Board of Director members, chairman, general manager, his/her
assistants, their parents, wives/husbands, and children
3,905
2,354
Deposits and other accounts under scope of TCC law 5237 article no 282, dated 26/9/2004
-
-
Deposits in Deposit Banks of Turkey, which are solely established for off-shore banking
-
-
2. Information on derivative financial liabilities held for trading purpose
Negative differences related to the derivative financial liabilities held for trading purpose
Current Period
Prior Period
TL
FC
TL
FC
Forwards
3,209
458
47,540
362
Swaps
62,110
199,156
83,783
85,730
Futures
-
-
-
-
Options
457
5,237
15
2,050
Total
65,776
204,851
131,338
88,142
3. Information on banks and other financial institutions
Current Period
Prior Period
TL
FC
TL
FC
Central Bank of Turkey
-
-
-
-
Domestic banks and institutions
698,396
214,926
190,750
310,394
Foreign banks, institutions and funds
871,227
14,476,106
221,472
11,563,045
Total
1,569,623
14,691,032
412,222
11,873,439
Maturity information of funds borrowed
Current Period
Prior Period
TL
FC
TL
FC
Short-term
(*)
1,283,259
7,322,336
135,039
6,757,418
Medium and Long-term
(*)
286,364
7,368,696
277,183
5,116,021
Total
1,569,623
14,691,032
412,222
11,873,439
(*)
Maturity profile of funds borrowed has been prepared in accordance with their original maturities.
Funds borrowed comprise syndication and securitization loans bearing various interest rates and maturities and account for 10.94% (31 December 2013:
9.65%) of the Group’s liabilities. There is no risk concentration on funding sources of the Group.
On 12 April 2013, the Parent Bank has obtained syndicated loan at the amount of US Dollar 251,5 million and Euro 555,17 million in total US Dollar 980 million
with the interest rate of Libor/Euribor +1.00% at a maturity of one year with the participation of 38 banks. On 16 April 2014, the loan has been renewed with
a new syndicated loan amounting to US Dollar 270,5 million and Euro 525 million with the interest rate of US Libor +0.90% and Euribor +0.90% at a maturity
of one year, with participation of 35 banks with the coordination of Wells Fargo Bank, N.A., London Branch and Sumitomo Mitsui Banking Corporation, Brussels
Branch acting as agent.