164 İşbank
Annual Report 2015
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
VI. Differences between the Communiqué on Preparation of Consolidated Financial Statements of Banks and Turkish Accounting Standards and Explanation
about the Institutions Subject to Line-By-Line Method or Proportional Consolidation and Institutions which are Deducted from Equity or not Included in These
Three Methods
Banks are obligated to prepare consolidated financial statements for credit institutions and financial subsidiaries for creating legal restrictions on a consolidated basis based on the
“Communiqué on Preparation of Consolidated Financial Statements of Banks” by applying Turkish Accounting Standards. There is not any difference between the related Communiqué
and the consolidation operations that is based on Turkish Accounting Standards and Turkish Financial Reporting Standards. The consolidated financial statement includes the
subsidiaries of the Bank which are credit institutions or financial institutions accordance with the BRSA regulations. As of current there is no credit institution or financial institution
subsidiaries which are excluded in the scope of the consolidation.
The information about the organizations in the scope of the consolidation:
The Parent Bank and its subsidiaries;
• ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ
• ANADOLU HAYAT EMEKLİLİK A.Ş.
• EFES VARLIK YÖNETİM A.Ş.
• IS INVESTMENTS GULF LTD.
• İŞ FAKTORİNG A.Ş.
• İŞ FİNANSAL KİRALAMA A.Ş.
• İŞ GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
• İŞ GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş.
• İŞ PORTFÖY YÖNETİMİ A.Ş.
• İŞ YATIRIM MENKUL DEĞERLER A.Ş.
• IŞ YATIRIM ORTAKLIĞI A.Ş.
• İŞBANK AG
• JSC İŞBANK
• JSC IŞBANK GEORGIA
• MAXIS INVESTMENTS LTD.
• MİLLİ REASÜRANS T.A.Ş.
• TSKB GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
• TÜRKİYE SINAI KALKINMA BANKASI A.Ş.
• YATIRIM FİNANSMAN MENKUL DEĞERLER A.Ş.
and Special Purpose Entities,
• TIB Diversified Payment Rights Finance Company
• TIB Card Receivables Funding Company Limited
are fully consolidated,
Its associate;
• ARAP-TÜRK BANKASI A.Ş.
is accounted under equity accounting method.
Consolidated companies are active in the areas of banking, insurance and reinsurance, private pensions, finance leasing, factoring, real estate investment, venture capital investment,
brokerage, investment consulting, portfolio and asset management. Those companies are explained below.
Anadolu Anonim Türk Sigorta Şirketi
The Company was established in 1925 and operates in almost all non-life insurance service. The headquarter of the Company is in Istanbul. The Company’s shares are traded in the
Borsa İstanbul A.Ş.
Anadolu Hayat Emeklilik A.Ş.
The Company was founded in 1990 and its’ headquarter is in Istanbul. The company’s main activities are private individual or group pension and life/death insurance and due to this
branch are engaged in all kinds of insurance. There are 24 private pension funds founded by the company. The company’s shares are traded in the Borsa Istanbul A.Ş.
Efes Varlık YönetimA.Ş.
The field of activity of the company, which was founded in February 2011 is to purchase and sell the receivables with other assets of deposit banks, participation banks and other
financial institutions. The Company’s headquarter is located İstanbul.
Is Investments Gulf Ltd.
The purpose of the Company, which was founded in Dubai in the year 2011, is to operate brokerage activities mainly capital markets in the gulf region.
İş Faktoring A.Ş.
The field of operation of the Company, which operates in the factoring sector since 1993, is domestic and foreign factoring operations. The Company’s headquarter is in Istanbul.
İş Finansal Kiralama A.Ş.
The Company, whose field of activity is financial leasing within the country and abroad started its business in 1988. The headquarters of the Company is in Istanbul. The Company’s
shares are traded in the Borsa İstanbul A.Ş.
