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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
31 December 2013
Up to 1 Month
1-3 Months
3-12 Months
1-5 Years 5 Years and Over
Total
Currency swaps:
Purchase
6,466,775
2,235,281
536,697
151,078
-
9,389,831
Sale
3,732,391
993,337
535,505
144,173
-
5,405,406
Currency forwards:
Purchase
224,713
147,847
294,718
-
-
667,278
Sale
224,586
147,772
294,499
-
-
666,857
Cross currency interest rate swaps:
Purchase
-
353,100
107,000
936,756
-
1,396,856
Sale
-
250,998
77,250
792,895
-
1,121,143
Interest rate swaps:
Purchase
-
-
-
1,044,578
1,027,996
2,072,574
Sale
-
-
-
1,044,578
1,027,996
2,072,574
Options:
Purchase
32,224
14,002
124,204
-
170,430
Sale
32,224
14,002
124,204
-
-
170,430
Investment security options:
Alım
1,000
-
-
-
3
1,003
Satım
2,724,841
1,237,736
-
-
-
3,962,577
Total purchases
6,724,712
2,750,230
1,062,619
2,132,412
1,027,999
13,697,972
Total sales
6,714,042
2,643,845
1,031,458
1,981,646
1,027,996
13,398,987
Total
13,438,754
5,394,075
2,094,077
4,114,058
2,055,995
27,096,959
6. Contingent assets and liabilities
Bank allocates TL 16,142 as provision for lawsuits against Bank (31 December 2013: TL 16,023).
7. Services rendered on behalf of third parties
The Parent Bank acts as an investment agent for banking transactions on behalf of its customers and provides custody services. Such transactions are followed
under off-balance sheet accounts. The Parent Bank’s custody services and banking transactions on behalf of individuals and corporate customers does not
present a material portion.