200 İşbank
Annual Report 2015
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
Information on currency risk:
EUR
USD
Other FC
Total
Current Period
Assets
Cash (Cash in Vault, Foreign Currency Cash, Money in Transit, Cheques Purchased) and Balances with
the Central Bank of Turkey
5,343,628
18,795,132
5,022,183
29,160,943
Banks
3,000,247
999,196
718,272
4,717,715
Financial Assets at Fair Value through Profit/Loss (1)
173,511
795,919
3
969,433
Money Market Placements
11,009
11,009
Financial Assets Available for Sale
1,085,632
10,226,597
17,500
11,329,729
Loans
(2)
27,825,559
54,407,593
2,270,082
84,503,234
Investments in Associates, Subsidiaries and Jointly Controlled Entities (Joint Ventures)
Held to Maturity Investments
52,773
180,658
39,082
272,513
Derivative Financial Assets Held for Risk Management
4,093
4,093
Tangible Assets
(1)
9,332
247
43,676
53,255
Intangible Assets
(1)
Other Assets
(1)
1,806,130
2,865,808
120,195
4,792,133
Total Assets
39,307,821
88,275,243
8,230,993 135,814,057
Liabilities
Bank Deposits
2,323,380
3,904,258
525,624
6,753,262
Foreign Currency Deposits
(3)
26,453,193
43,945,011
5,573,435
75,971,639
Money Market Funds
220,668
2,962,923
3,183,591
Funds Provided from Other Financial Inst.
14,153,619
26,876,924
10,855
41,041,398
Marketable Securities Issued
(4)
1,114,707
18,376,847
22,884
19,514,438
Miscellaneous Payables
222,541
772,642
227,782
1,222,965
Derivative Financial Liabilities Held for Risk Management
5,799
5,799
Other Liabilities
(1) (5)
467,978
1,389,322
174,104
2,031,404
Total Liabilities
44,956,086 98,233,726
6,534,684 149,724,496
Net On Balance Sheet Position
(5,648,265)
(9,958,483)
1,696,309 (13,910,439)
Net Off Balance Sheet Position
1,218,569 12,218,946 (2,213,070)
11,224,445
Derivative Financial Assets
(6)
8,553,249
27,327,679
2,995,813
38,876,741
Derivative Financial Liabilities
(6)
7,334,680
15,108,733
5,208,883
27,652,296
Non-Cash Loans
9,425,344
21,436,135
1,201,233
32,062,712
Prior Period
Total Assets
28,600,841
70,847,173
6,713,847
106,161,861
Total Liabilities
36,468,332
71,322,797
6,207,885
113,999,014
Net Balance Sheet Position
(7,867,491)
(475,624)
505,962 (7,837,153)
Net Off Balance Sheet Position
4,202,312
1,328,346 (1,505,784)
4,024,874
Derivative Financial Assets
10,257,641
14,226,081
1,027,032
25,510,754
Derivative Financial Liabilities
6,055,329
12,897,735
2,532,816
21,485,880
Non-Cash Loans
8,234,492
17,167,633
933,707
26,335,832
(1)
In accordance with the principles of the “Regulation on the Calculation and Implementation of Foreign Currency Net General Position/Equity Standard Ratio by Banks on Consolidated and Non-Consolidated Basis”,
Derivative Financial Instruments Foreign Currency Income Accruals (TL 373,489);Operating Lease Development Costs (TL 9,601), Deferred Tax Asset (TL 11,171), Prepaid Expenses and Taxes (TL 53,573), Intangible
Assets (TL 48,855) in assets and Derivative Financial Instruments Foreign Currency Expense Accruals (TL 525,669), General Reserves (TL 42,664), and Shareholders’ Equity (TL 139,151) in liabilities are not taken into
consideration in the currency risk measurement.
(2)
Includes factoring receivables and foreign currency indexed loans, which are followed under TL account. Of the total amount of TL 6,461,378 of the aforementioned loans; TL 3,279,543 is USD indexed, TL 3,151,101
is EUR indexed, TL 7,940 is CHF indexed, TL 5,306 is GBP indexed, TL 17,481 is JPY indexed and TL 7 is CAD indexed. The balances include factoring receivables.
(3)
The item includes TL 1,906,169 precious metals deposit accounts.
(4)
Includes subordinated bonds which are classified on the balance sheet as subordinated loans, amounting to TL 4,047,133.
(5)
The borrower funds are presented in the “Other Liabilities” according to their type of currency.
(6)
The derivative transactions are taken into consideration within the context of the forward foreign currency trading definitions in the above mentioned Regulation
VI. Explanations on Consolidated Interest Rate Risk
“Interest Rate Risk” is defined as the decrease that can arise in the value of the interest sensitive assets, liabilities and off-balance sheet operations a result of interest rate
fluctuations. The method of average maturity gap according to the repricing dates is used for measuring the interest rate risk arising from the banking accounts, whereas the interest
rate risk related to interest sensitive financial instruments followed under trading accounts is assessed within the scope of market risk.
Potential effects of interest rate risk on the Parent Bank’s assets and liabilities, market developments, the general economic environment and expectations are regularly followed in
meetings of the Asset-Liability Committee, where further measures to reduce risk are taken when necessary.
The Parent Bank’s on and off-balance sheet interest sensitive accounts other than the assets and liabilities exposed to market risk are monitored and controlled by the limits above
the average maturity gaps according to the repricing periods determined by the Board within the scope of asset-liability management risk policy. Moreover, scenario analyses formed
in line with the historical data and expectations are also used in the management of the related risk.
