VAKIFBANK
2015 ANNUAL REPORT
276
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.)
Residual contractual maturities of financial liabilities
(*)
Current period
Carrying
amount
Gross
nominal
outflow Demand
Less than
one month
1-3
months
3 months
to 1 year
1-5
years
More than
5 years
Bank deposits
5,578,475 5,593,377
392,993 4,483,071
562,204
155,109
-
-
Other deposits
106,431,522 161,230,587 20,242,411 90,390,027 33,694,394 15,879,331
998,260
26,164
Funds borrowed
20,195,047 21,775,455
-
619,943
977,891 10,192,539 3,767,715 6,217,367
Money market takings
12,827,198 12,843,308
-
11,227,072 1,151,513
-
399,406
65,317
Securities issued
10,646,708 11,398,974
-
1,185,490 1,246,388 2,031,028 6,936,068
-
Miscellaneous payables
4,397,761 4,397,761
821,687 3,197,707
107,686
266,215
4,466
-
Other liabilities
6,546,168 8,465,570 1,726,125
378,507
37,667
52,867
83,027 6,187,377
Total
166,622,879 225,705,032 23,183,216 111,481,817 37,777,743 28,577,089 12,188,942 12,496,225
Non-Cash Loans
33,119,901 33,119,901 2,663,320
951,139 19,403,416 5,498,569 4,078,818
524,639
Prior period
Carrying
amount
Gross
nominal
outflow Demand
Less than
one month
1-3
months
3 months
to 1 year
1-5
years
More than
5 years
Bank deposits
4,750,416 4,753,361
66,930 4,209,000
453,419
24,012
-
-
Other deposits
88,652,197 89,212,248 16,987,878 44,972,317 19,393,564 7,074,231
762,575
21,683
Funds borrowed
16,260,655 17,263,830
-
1,511,280 1,092,397 6,771,654 3,519,833 4,368,666
Money market takings
16,655,241 16,667,205
-
15,854,923
253,874
351,133
-
207,275
Securities issued
10,384,708 11,236,567
-
713,864 2,166,332 2,401,993 5,954,378
-
Miscellaneous payables
3,344,419 3,344,419
559,496 2,728,303
56,620
-
-
-
Other liabilities
3,614,846 4,564,538
909,478
398,121
38,123
15,223
43,890 3,159,703
Total
143,662,482 147,042,168 18,523,782 70,387,808 23,454,329 16,638,246 10,280,676 7,757,327
Non-Cash Loans
28,675,047 28,675,047
243,079
835,912 16,443,803 6,930,286 3,538,426
683,541
(*)
This table shows the undiscounted cash flows on the Group’s financial liabilities on the basis of their earliest possible contractual maturity. Therefore, the gross nominal outflows in the table above vary from the carrying amounts of
the relevant financial liabilities reflected in the consolidated financial statements.
Securitisation Positions
None.
Credit risk mitigation techniques
“Basic Financial Guarantee” method is used for the financial guarantees in accordance with “Communique on Credit Risk Mitigation”. Cash or cash
equivalent, treasury bill, government bond and guarantees are used in credit risk mitigation.
Applications on guarantees’ valuation and method
Policies on the valuation of financial guarantees and their evaluation and valuation of immovable that are received as mortgage for loans have been
formed. These policies and procedures are prepared in accordance with “Communique on Credit Risk Mitigation” and include minimum conditions
regarding guarantee valuation and management.
Types of main guarantees received
Main types of the guarantees that Bank receives for loans provided are mortgages, guarantees/sureties and financial guarantees.
Main guarantors, credit derivatives’ counterparties and their credit worthiness
Assessment of credit worthiness of main guarantors is determined and monitored in accordance with the lending and intelligence procedures of the
Bank.
