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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 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
III. INFORMATION AND DISCLOSURES RELATED TO CONSOLIDATED OFF-BALANCE SHEET ITEMS
1. Disclosures related to other contingent liabilities
Type and amount of irrevocable commitments
Current Period
Prior Period
Commitments for credit card limits
7,641,987
6,261,117
Loan granting commitments
8,068,201
6,739,356
Commitments for cheque payments
1,638,976
1,320,438
Asset purchase commitments
2,686,862
4,175,776
Other
759,783
682,963
Total
20,795,809
19,179,650
Type and amount of possible losses from off-balance sheet items
Guarantees, bills of exchange and acceptances and other letters of credit which can be counted as financial collateral
The Parent Bank provided specific provision amounting to TL 63,030 (31 December 2013: TL 54,771) for non-cash loans that are not indemnified or converted
to cash recorded under off-balance sheet items, amounting to TL 129,638 (31 December 2013: TL 114,834).
Final guarantees, provisional guarantees, sureties and similar transactions
Current Period
Prior Period
Final letters of guarantee
7,737,748
6,262,616
Letters of guarantee for advances
2,603,790
2,617,441
Letters of guarantee given to custom offices
913,389
650,221
Provisional letters of guarantee
1,107,255
780,782
Other letters of guarantee
9,096,625
7,590,763
Total
21,458,807
17,901,823
2. Non-cash loans
Current Period
Prior Period
Non-cash loans given for cash loan risks
2,905,607
1,424,617
With original maturity of 1 year or less
1,846,045
915,858
With original maturity of more than 1 year
1,059,562
508,759
Other non-cash loans
25,769,440
21,982,089
Total
28,675,047
23,406,706