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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
5. Information on derivative transactions
Current Period
Prior Period
Trading Derivatives
Foreign Currency Related Derivative Transactions (I)
22,773,909
18,988,231
Currency Forwards
555,204
1,334,135
Currency Swaps
21,162,157
17,313,236
Currency Futures
-
-
Currency Options
1,056,548
340,860
Interest Rate Derivative Transactions (II)
7,478,238
4,146,151
Interest Rate Forwards
-
-
Interest Rate Swaps
7,478,238
4,145,148
Interest Rate Options
-
-
Investment Security Options
-
1,003
Interest Rate Futures
-
-
Other Trading Derivatives (III)
6,780,167
3,962,577
A. Total Trading Derivatives (I+II+III)
37,032,314
27,096,959
Hedging Derivatives
-
-
Fair Value Hedgesair Value Hedges
-
-
Cash Flow Hedges
-
-
Hedges for Foreign Currency Investments
-
-
B. Total Hedging Derivatives
-
-
Derivative Transactions (A+B)
37,032,314
27,096,959
31 December 2014
Up to 1 Month
1-3 Months
3-12 Months
1-5 Years 5 Years and Over
Total
Currency swaps:
Purchase
8,805,023
2,322,843
234,800
389,279
-
11,751,945
Sale
4,120,339
2,317,964
237,650
383,615
-
7,059,568
Currency forwards:
Purchase
99,142
68,619
71,286
38,774
-
277,821
Sale
99,070
68,502
71,136
38,675
-
277,383
-
-
-
-
-
-
Cross currency interest rate swaps:
Purchase
63,456
58,000
-
1,172,493
-
1,293,949
Sale
46,667
37,825
-
972,203
-
1,056,695
Interest rate swaps:
-
-
-
-
-
-
Purchase
-
-
-
1,202,149
2,536,970
3,739,119
Sale
-
-
-
1,202,149
2,536,970
3,739,119
Options:
Purchase
242,712
90,791
194,771
-
-
528,274
Sale
242,710
90,790
194,774
-
-
528,274
Others:
-
-
-
-
Purchase
158,020
-
-
-
994,287
1,152,307
Sale
4,931,860
-
-
-
696,000
5,627,860
Total purchases
9,368,353
2,540,253
500,857
2,802,695
3,531,257
18,743,415
Total sales
9,440,646
2,515,081
503,560
2,596,642
3,232,970
18,288,899
Total
18,808,999
5,055,334
1,004,417
5,399,337
6,764,227
37,032,314