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Financial Information and Risk Management
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
The movement table of financial assets at level 3 is given below.
Current Period
Prior Period
Balance at the Beginning of the Period
745,673
4,145,290
Purchases
39,716
53,576
Redemption or Sales
(58,307)
(506,758)
Valuation Difference
401,811
33,337
Transfers
2,941,019
(2,979,772)
Balance at the end of the Period
4,069,912
745,673
In the financial statements of the Bank and its consolidated subsidiaries, real estates which are presented at fair value are classified at level 3 and investment properties are classified
in level 2 and 3.
XV. Explanations on Transactions Carried Out on Behalf of Third Parties and Fiduciary Transactions
The Group gives trading, custody, fund management services in the name and on the account of its customers. The Group has no fiduciary transactions.
XVI. Explanations on Consolidated Business Segmentation
The Group’s operations are classified as corporate, commercial, retail and private banking, and treasury/investment banking. While the commercial and corporate operations are
differentiated by the Parent Bank and its financial institutions, according to their own criterion, in the classification of other operations, the same methods are applied by the Group.
Services to the large corporations, SMEs and other trading companies are provided through various financial media within the course of the corporate and commercial operations.
Services such as project financing, operating and investment loans, deposit and cash management, credit cards, cheques and bills, foreign trade transactions and financing, letter
of guarantee, letter of credit, forfeiting, foreign currency trading, bill collections, payrolls, investment accounts, tax collections and other banking services are provided for the
aforementioned customer segments.
Retail banking services are comprised of individuals needs such as deposits, consumer loans, overdraft accounts, credit cards, bill collections, remittances, foreign currency trading,
safe-deposit boxes, insurance, tax collections, investment accounts and by other banking services. Private banking category, are comprised of any kind of financial and cash
management related services are provided for individuals within the high-income segment.
Treasury transactions are comprised of medium and long term funding tools such as securities trading, money market transactions, spot and forward TL and foreign currency trading,
and derivative transactions such as forwards, swaps, futures and options, as well as syndications and securitizations.
The Group’s investments in unconsolidated associates, subsidiaries and jointly controlled entities are evaluated within the context of investment banking.
