231
Financial Information and Risk Management
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
c.2. Maturity analysis of funds borrowed:
Current Period
Prior Period
TL
FC
TL
FC
Short-term
2,866,394
3,802,260
4,084,397
9,849,605
Medium and Long-term
1,706,578
37,093,302
1,009,813
19,116,192
Total
4,572,972
40,895,562
5,094,210
28,965,797
c.3. Information on funds borrowed:
Information on funds received through syndicated loans and securitization deals, which take a significant place among funds borrowed, are given below.
Syndicated loans:
Date of Use
Funds Borrowed
Maturity
March 2015
USD 36,900,000 + EUR 66,750,000
1 year
May 2015
USD 334,000,000 + EUR 919,000,000
1 year
July 2015
USD 17,500,000 + EUR 213,000,000
1 year
September 2015
USD 281,000,000 + EUR 796,500,000
1 year
Securitization deals:
The Parent Bank obtained funds by way of putting on securitization deals all its claims and receivables based on diversified payment rights in USD, EUR and GBP through its SPV TIB
Diversified Payment Rights Finance Company.
Information on funds received through securitization is given below.
Date
Special Purpose Vehicle (SPV)
Amount
Final Maturity Remaining Debt Amount as of 31 December 2015
October 11
TIB Diversified Payment Rights Finance Company
USD 75,000,000
5 years
USD 25,000,000
October 11
TIB Diversified Payment Rights Finance Company
EUR 160,000,000
5-7 years
EUR 69,333,333
June 12
TIB Diversified Payment Rights Finance Company
USD 225,000,000
5 years
USD 131,250,000
June 12
TIB Diversified Payment Rights Finance Company
EUR 125,000,000
12 years
EUR 109,375,000
December 13
TIB Diversified Payment Rights Finance Company
USD 50,000,000
5 years
USD 50,000,000
December 13
TIB Diversified Payment Rights Finance Company
EUR 185,000,000
5-12 years
EUR 185,000,000
December 14 TIB Diversified Payment Rights Finance Company
USD 250,000,000
5-14 years
USD 250,000,000
March 15
TIB Diversified Payment Rights Finance Company
USD 555,000,000
5-15 years
USD 555,000,000
October 15
TIB Diversified Payment Rights Finance Company
USD 221,200,000
5 years
USD 221,200,000
Other:
The Bank has obtained funds with an amount of USD 500 million and 10 years maturity, through securitization of future flow transactions.
d. Information on Debt Securities Issued (Net):
Current Period
Prior Period
TL
FC
TL
FC
Bills
7,461,176
1,927,381
4,561,693
2,339,748
Bonds
1,151,077
13,539,924
1,584,575
10,111,076
Total
8,612,253
15,467,305
6,146,268
12,450,824
e. Concentration of the liabilities of the Group:
Group’s liabilities 47% are comprised of deposits, 14% are comprised of funds borrowed, 7% are comprised subordinated debt and marketable securities issued and 7% are comprised
of funds provided from repurchase agreements. Deposits are distributed among a large variety of customers with different characteristics. The borrowings, on the other hand, are
comprised of various funds obtained from financial institutions through syndication, securitization, post-financing and money market operations. No risk concentration exists related
to the Group’s liabilities.
f. Information on Other Liabilities:
Other liabilities do not exceed 10% of the balance sheet total.
g. Information on Lease Payables (Net):
The group does not have any liabilities resulting from finance lease transactions.
