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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
3. Sectorial risk concentrations of non-cash loans
Current Period
Prior Period
TL
%
FC
%
TL
%
FC
%
Agricultural
86,506
0.51
266,929
2.27
82,111
0.57
102,147
1.13
Farming and cattle
77,673
0.46
257,069
2.18
73,609
0.51
88,829
0.98
Forestry
7,898
0.05
7,540
0.06
6,919
0.05
11,003
0.12
Fishing
935
0.01
2,320
0.02
1,583
0.01
2,315
0.03
Manufacturing
7,150,408
42.33 5,753,926
48.84 6,294,048
43.89 4,055,439
44.73
Mining
168,108
1.00
29,069
0.25
157,070
1.10
65,192
0.72
Production
4,563,948
27.01 5,319,615
45.15 3,598,968
25.10 3,836,908
42.32
Electric, gas and water
2,418,352
14.32
405,242
3.44 2,538,010
17.69
153,339
1.69
Construction
2,996,610
17.74 2,520,479
21.39 2,676,835
18.67 2,194,165
24.20
Services
6,226,616
36.86 2,761,969
23.44 4,954,666
34.55 2,666,356
29.41
Wholesale and retail trade
2,580,882
15.29 1,597,908
13.56 1,995,623
13.92 1,149,683
12.69
Hotel, food and beverage
services
125,417
0.74
5,691
0.05
100,888
0.70
19,908
0.22
Transportation and
Telecommunication
963,436
5.70 1,058,971
8.99
833,163
5.81 1,405,673
15.50
Financial institutions
1,515,987
8.97
11,802
0.10 1,344,214
9.37
38,324
0.42
Real estate and renting services
254,056
1.50
24,277
0.21
185,000
1.29
14,871
0.16
Self-employment services
591,814
3.50
44,703
0.38
373,920
2.61
24,229
0.27
Education services
24,595
0.15
3,903
0.03
15,556
0.11
1,644
0.02
Health and social services
170,429
1.01
14,714
0.12
106,302
0.74
12,024
0.13
Others
432,810
2.56
478,794
4.06
332,451
2.32
48,488
0.53
Total
16,892,950
100.00 11,782,097
100.00 14,340,111
100.00 9,066,595
100.00
4. Information on the non-cash loans classified as first and second group
Current Period
Group I
Group II
TL
FC
TL
FC
Letters of guarantee
16,653,687
4,555,638
113,427
8,262
Confirmed bills of exchange and acceptances
20,836
1,943,257
-
-
Letters of credit
-
5,212,911
-
-
Endorsements
-
-
-
-
Purchase guarantees for securities issued
-
-
-
-
Factoring guarantees
29,765
5,023
-
-
Other guarantees and sureties
-
2,603
-
-
Total Non-Cash Loans
16,704,288
11,719,432
113,427
8,262
Prior Period
Group I
Group II
TL
FC
TL
FC
Letters of guarantee
14,118,035
3,579,601
85,579
5,476
Confirmed bills of exchange and acceptances
12,129
1,039,635
-
514
Letters of credit
7,866
4,381,798
-
232
Endorsements
-
-
-
-
Purchase guarantees for securities issued
-
-
-
-
Factoring guarantees
52,069
6,666
-
-
Other guarantees and sureties
-
1,919
-
-
Total Non-Cash Loans
14,190,099
9,009,619
85,579
6,222