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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
11. Information on shareholders’ equity
Paid-in capital
Current Period
Prior Period
Common stock
2,500,000
2,500,000
Preferred stock
-
-
Paid-in capital of the Parent Bank amounted to TL 2,500,000 is divided into groups comprised of 43.0% Group (A), 15.6 % Group (B), 16.2% Group (C) and
25.2% Group (D).
Board of Directors’ members; one member is appointed by the Prime Minister representing The General Directorate of the Foundations (Group A), three
members are appointed representing Group (A), one member is appointed representing Group (B), and two members are appointed representing Group (C),
and one member is appointed among the nominees offered by the shareholders at the General Assembly. Preference of Group (D) is primarily taken into
account in the selection of the last mentioned member.
Paid-in capital amount, explanation as to whether the registered share capital system is applicable at bank; if so the amount of registered share capital
Capital System
Paid-in Capital
Ceiling per Registered Share Capital
Registered capital system
2,500,000
5,000,000
The registered capital ceiling was increased from TL 1,300,000 to TL 5,000,000 as per the resolution no. 74202 dated 16 February 2006 by the Board of
Directors.
Information on share capital increases and their sources; other information on any increase in capital shares during the current year
There is no share capital increase in the current year and previous year.
Information on share capital increases from revaluation funds
None.
Capital commitments for current financial year and following year
None.
Previous period indicators of the Parent Bank’s income, profitability and liquidity; and possible effects of the predictions on equity, considering the
ambiguity of the indicators
None.
Information on the privileges given to stocks representing the capital
None.
Valuation differences of the securities
Current Period
Prior Period
TL
FC
TL
FC
Associates, subsidiaries and joint ventures
62,289
-
52,966
-
Fair value differences of available-for-sale securities
178,440
280,801
(325,543)
122,858
Foreign exchange differences
-
-
-
-
Total
240,729
280,801
(272,577)
122,858