VAKIFBANK
2015 ANNUAL REPORT
156
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI
UNCONSOLIDATED FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Exposure to currency risk
10 percent depreciation of the TL against the following currencies as at and for the year ended 31 December 2015 and 2014 would have effect on
equity and profit or loss (without tax effects) by the amounts shown below.
This analysis assumes that all other variables, in particular interest rates, remain constant.
31 December 2015
31 December 2014
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
112,148
112,148
39,153
39,153
Euro
23,013
23,013
(25,630)
(25,630)
Other currencies
1,190
1,190
797
797
Total, net
(**)
136,351
136,351
14,320
14,320
(*)
Equity effect also includes profit or loss effect of 10% devaluation of TL against related currencies.
(**)
Associates, subsidiaries, joint ventures, tangible and intangible assets are not included to the analysis.
10 percent appreciation of the TL against the following currencies as at and for the year ended 31 December 2015 and 2014 would have effect on
equity and profit or loss (without tax effects) by the amounts shown below.
31 December 2015
31 December 2014
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
(110,822)
(110,822)
(37,658)
(37,658)
Euro
(23,013)
(23,013)
25,630
25,630
Other currencies
(1,064)
(1,064)
(571)
(571)
Total, net
(**)
(134,899)
(134,899)
(12,599)
(12,599)
(*)
Equity effect also includes profit or loss effect of 10% revaluation of TL against related currencies.
(**)
Associates, subsidiaries, joint ventures, tangible and intangible assets are not included to the analysis.
VI. INTEREST RATE RISK
Interest sensitivity of assets, liabilities and off-balance sheet items is evaluated during the weekly Assets-Liabilities Committee meetings taking into
account the developments in market conditions.
Bank’s interest rate risk is measured by the standard method.
Measurements for standard method are carried out monthly using the maturity ladder table.
