Türkiye İş Bankası A.Ş.
Notes to the Unconsolidated Financial Statements
for the Year Ended 31 December 2015
157
Financial Information and Risk Management
b. Disclosures for Bank’s risk group:
b.1. The relations of the Bank with the entities controlled by the Bank and its related parties regardless of whether there are any transactions between the parties:
All types of corporate and retail banking services are provided to these corporations in line with the articles of Banking Law.
b.2. The type and amount of transaction carried out, and its ratio to the overall transaction volume, values of principal items and their ratios to overall items, pricing policy and other
items in addition to the structure of the relationship:
The transactions carried out are mainly loan and deposit transactions. The ratio of loans extended to the risk group to the overall loans is 0.69%, while the ratio to the overall assets is
0.45%; the ratio of deposits of the risk group corporations to the overall deposits is 3.85%, while the ratio to overall liabilities is 2.15%. Comparable price method is used in pricing the
transactions.
b.3. Purchase and sale of real estates, other assets and services, agency agreements, finance lease contracts, transfer of information obtained through research and development,
license agreements, funding (including loans and provision of support as cash capital or capital-in-kind), guarantees and collaterals, and management agreements:
The Bank acquires its properties through its associate, İş Finansal Kiralama A.Ş., when required. The Bank’s branches act as agents for Anadolu Anonim Türk Sigorta Şirketi and
Anadolu Hayat Emeklilik A.Ş. Furthermore, through its branches the Bank also acts as agent for İş YatırımMenkul Değerler A.Ş. and İş Portföy Yönetimi A.Ş. All of mutual funds which
were established by the Bank are transferred to İş Portföy Yönetimi A.Ş. as per Capital Market Law numbered 6362 as at 9 July 2015.
If requested, cash and non-cash loan requirements of corporations within the risk group are met in accordance with the limits imposed by the Banking Law and the prevailing market
conditions.
c. Total salaries and similar benefits paid to the key management personnel
Benefits paid to key management personnel in the current period amount to TL 17,350 (31 December 2014: TL 15,857).
VIII. DISCLOSURES ON THE BANK’S DOMESTIC, FOREIGN, OFF-SHORE BRANCHES OR ASSOCIATES AND FOREIGN REPRESENTATIVE OFFICES
Number
Employees
Domestic Branches
(1)
1,354
24,877
Country of Incorporation
Foreign Representative Offices
1
2 People’s Republic of China
1
2
Egypt
Total Assets
Legal Capital
Foreign Branches
2
37
England
11,969,180
422
16
179
TRNC
1,740,847
80,000
2
33
Iraq
717,481
43,422
2
19
Kosovo
194,669
31,100
Off-Shore Branches
1
8
Bahrain
7,558,481
(1)
The Branches located in Free Trade Zones in Turkey are included among domestic branches.
IX. SUBSEQUENT EVENTS
Within the framework of the resolution of the Bank’s Board of Directors dated 29 September 2015 regarding issuance of securities, the Bank has issued Bank bills with a nominal
value of TL 656,110 with a term of 89 days; bills with a nominal value of TL 385,216 with a term of 164 days; bills with a nominal value of TL 425,529 with a term of 248 days and
discounted bonds with a nominal value of TL 140,984 with a term of 381 days on January 2016.
Within the framework of the resolution of the Bank’s Board of Directors dated 13 February 2015, regarding issuance of securities abroad, the Bank issued securities with a total
amount of USD 30 million on January 2016.
