VAKIFBANK
2015 ANNUAL REPORT
262
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.)
Current Period
The opening Balance
Provisions amounts set
aside during the period
The cancelation
of the provisions
Other
Adjustments
(*)
Closing Balance
Specific Provisions
3,861,308
1,085,809
(723,382)
5,444
4,229,179
General Provisions
1,603,242
354,951
-
(590)
1,957,603
(*)
Includes effect of currency translations differences and other provisions’ classifications.
Prior Period
The opening Balance
Provisions amounts set
aside during the period
The cancelation
of the provisions
Other
Adjustments
(*)
Closing Balance
Specific Provisions
3,367,453
1,194,633
(700,177)
(601)
3,861,308
General Provisions
1,190,739
413,501
-
(998)
1,603,242
(*)
Includes effect of currency translations differences and other provisions’ classifications
Fair value of collateral held against impaired loans
31 December 2015 31 December 2014
Cash collateral
(*)
-
-
Mortgage
1,796,132
1,167,532
Promissory note
(*)
-
-
Others
(**)
3,341,981
3,014,433
Total
5,138,113
4,181,965
(*)
As a policy, it is aimed to utilize from cash collateral or liquidate promissory note for an impaired loan collateralized by cash collateral or promissory note to cover the credit risk. Hence, cash collateral and promissory note are shown
as zero in the table above.
(**)
Sureties obtained for impaired loans are presented in this raw to the extent that the amount does not exceed the amount of impaired loans.
The detail of collateral held against performing cash and non-cash loans by the Group
Cash loans
31 December 2015 31 December 2014
Secured Loans:
94,650,837
79,129,908
Secured by mortgages
38,466,325
32,448,892
Secured by cash collateral
852,010
685,094
Guarantees issued by financial institutions
770,042
94,207
Secured by government institutions or government securities
1,459,632
930,621
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
53,102,828
44,971,094
Unsecured Loans
32,443,460
28,505,474
Total performing loans
127,094,297
107,635,382
Non-cash loans
31 December 2015 31 December 2014
Secured Loans:
14,300,378
12,534,623
Secured by mortgages
2,983,905
1,092,714
Secured by cash collateral
243,874
383,649
Guarantees issued by financial institutions
229,287
-
Other collateral (pledge on assets, corporate and personal guarantees, promissory notes)
10,843,312
11,058,260
Unsecured Loans
18,819,523
16,140,424
Total non-cash loans
33,119,901
28,675,047
