VAKIFBANK
2015 ANNUAL REPORT
260
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND
ITS FINANCIAL SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Risk balances according to risk weights
Risk Weights
Current Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions from
the shareholders’
equity
Pre-Amount of
Credit Risk Mitigation 52,398,384
- 10,754,016 45,380,875 27,765,430 75,641,154 3,666,757 7,571,232 168,857
-
447,024
Amount after
Credit Risk Mitigation
56,021,211
- 8,531,672 46,489,761 27,570,823 73,342,392 3,660,714 7,561,275 168,857
-
447,024
Risk Weights
Prior Period
0% 10% 20% 50% 75% 100% 150% 200% 250% 1250%
Deductions from
the shareholders’
equity
Pre-Amount of
Credit Risk Mitigation 48,195,850
- 17,821,331 38,592,192 23,546,411 60,377,604 2,990,704 9,446,254 198,260
-
382,261
Amount after
Credit Risk Mitigation
55,620,001
- 11,639,035 38,668,549 23,382,850 59,238,068 2,986,884 9,434,959 198,260
-
382,261
In determining the risk weights of the receivables from overseas banks, the risk rates which are given by International Credit Rating Agency Fitch
Ratings. The risk rates of Fitch Ratings are also used for foreign currency securities issued by the Republic of Turkey Prime Ministry Undersecretariat of
Treasury, and for other foreign currency risks associated with the Central Government of Republic of Turkey.
Ratings Matched
Credit Quality Rank
Fitch
Long Term Credit Ratings
1
AAA between AA-
2
A+ between A-
3
BBB+ between BBB-
4
BB+ between BB-
5
B+ between B-
6
CCC+ and below
Short Term Credit Ratings
1
F1+ between F1
2
F2
3
F3
4
F3 and below
5
-
6
-
