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VAKIFBANK
2014 ANNUAL REPORT
Assets (TL million)
2010
2011
2012
2013
2014
Change (%)
2013-2014
Cash and banks (including Interbank money markets)
8,020
9,457
14,283
21,607
24,456
13.18
Securities portfolio
18,072
19,111
18,381
21,692
23,179
6.85
Loans
44,836
57,201
67,868
86,496
104,343
20.63
Commercial loans
29,947
36,097
43,607
56,009
71,493
27.65
Retail loans
14,890
21,104
24,261
30,488
32,851
7.75
Non-performing loans (net)
25
109
265
256
240
-6.22
Non-performing loans (gross)
2,266
2,157
2,725
3,531
3,974
12.54
Special provisions (-)
2,241
2,048
2,460
3,275
3,734
14.01
Affiliates and subsidiaries
895
865
1,310
1,611
1,737
7.82
Tangible fixed assets
1,114
1,094
1,135
1,224
1,455
18.91
Other assets
1,000
1,350
1,339
2,610
2,808
7.59
Total
73,962
89,184
104,580
135,496
158,218
16.77
Liabilities (TL million)
2010
2011
2012
2013
2014
Change (%)
2013-2014
Deposits
47,701
60,939
67,242
81,533
91,757
12.54
Term deposits
40,424
51,872
56,332
67,856
74,944
10.45
Demand deposits
7,277
9,067
10,910
13,677
16,813
22.93
Money markets
8,128
5,940
8,490
14,477
16,385
13.18
Funds borrowed
6,327
8,237
7,475
11,405
14,927
30.88
Subordinated loans
0
0
1,640
1,974
2,138
8.30
Securities issued
0
495
2,430
6,885
10,458
51.90
Provisions
990
1,283
1,641
2,014
2,437
20.99
Shareholders’ equity
8,559
9,298
11,918
12,616
14,772
17.08
Paid-in capital
2,500
2,500
2,500
2,500
2,500
0.00
Profit or loss
1,157
1,227
1,460
1,586
1,753
10.58
Retained earnings or loss
0
0
0
0
0
-
Net profit or loss
1,157
1,227
1,460
1,586
1,753
10.58
Other liabilities
2,256
2,291
3,743
4,592
5,344
16.38
Total
73,962
89,184
104,580
135,496
158,218
16.77
Profit / Loss (TL million)
2010
2011
2012
2013
2014
Change (%)
2013-2014
Interest income
5,883
6,501
8,757
9,221
11,374
23.35
Interest expense
3,153
3,607
4,672
4,431
6,722
51.71
Net interest income
2,730
2,894
4,085
4.790
4,651
-2.88
Net fee and commission income
443
559
448
687
709
3.32
Dividend income
35
45
57
54
66
22.75
Capital market trading profit (net)
295
61
225
259
124
-52.32
Foreign exchange profit (net)
21
-22
111
-27
100
463.42
Other operating income
601
885
625
708
1,346
89.96
Total operating income
4,126
4,422
5,551
6,470
6,996
8.12
Provisions for loans and other receivables (-)
973
906
1,404
1,857
1,672
-9.98
Other operating expenses (-)
1,690
1,941
2,261
2,630
3,110
18.26
Operating profit
1,463
1,575
1,885
1,983
2,214
11.64
Net monetary position profit or loss
0
0
0
0
0
-
Profit before tax
1,463
1,575
1,885
1,983
2,214
11.64
Tax provision (-)
306
348
425
397
460
15.86
Net profit or loss for the period
1,157
1,227
1,460
1,586
1,753
10.58
FIVE-YEAR SUMMARY
FINANCIAL INFORMATION