312 / 324
FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
312
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
VII. INFORMATION AND DISCLOSURES RELATED TO THE PARENT BANK’S RISK GROUP
I. Information on the volume of transactions with the Parent Bank’s risk group, lending and deposits outstanding at year end and income and
expenses in the current year
Current Period
Associates and
Subsidiaries and
Joint-Ventures
Bank’s Direct and
Indirect Shareholders
Other Components in
Risk Group
Cash
Non-Cash
Cash
Non-Cash
Cash
Non-Cash
Loans and other receivables
Balance at the beginning of the year
13
659,911
-
27,065
26,102
24,339
Balance at the end of the year
16
657,200
-
10,174
6,239
13,086
Interest and commission income
-
401
-
21
774
68
Prior Period
Associates and
Subsidiaries and
Joint-Ventures
Bank’s Direct and
Indirect Shareholders
Other Components in
Risk Group
Cash
Non-Cash
Cash
Non-Cash
Cash
Non-Cash
Loans and other receivables
Balance at the beginning of the year
-
552,273
-
37,919
9,372
13,136
Balance at the end of the year
13
659,911
-
27,065
26,102
24,339
Interest and commission income
-
356
-
14
679
11
Information on deposits held by the Parent Bank’s risk group
Associates and Subsidiaries and
Joint-Ventures
Bank’s Direct and
Indirect Shareholders
Other Components in
Risk Group
Current Period
Prior Period Current Period
Prior Period Current Period
Prior Period
Deposits
Balance at the beginning of the year
419,918
817,244
968,601
443,103
46,793
76,597
Balance at the end of the year
187,127
419,918
713,966
968,601
115,831
46,793
Interest on deposits
14,782
16,033
60,168
25,286
2,340
5
Information on forward and option agreements made with the Parent Bank’s risk group
None.
2. Disclosures of transactions with the Parent Bank’s risk group
Relations with entities in the risk group of/or controlled by the Bank
Transactions with the risk group are made on an arms-length basis; terms are set according to the market conditions and in compliance with the Banking Law.
The branches of the Bank engage with insurance agency activities in relation with the operations of Güneş Sigorta AŞ and Vakıf Emeklilik AŞ, subsidiaries
operating in the insurance sector. Vakıf Yatırım Menkul Değerler AŞ engages with the management of the funds established by the Bank.