88 İşbank
Annual Report 2015
Page:
SECTION I
General Information about the Bank
I.
Explanations on the Establishment Date and Initial Status of the Bank, History Including the Changes in the Former Status
89
II.
Explanations on the Capital Structure, Shareholders who Directly or Indirectly, Solely or Jointly Undertake the Management and Control of the Bank, any
Changes in the Period, and Information on the Bank’s Risk Group
89
III.
Explanations on the Chairman’s, Directors’, Auditors’, Chief Executive Officer’s and Deputy Chief Executives’ Shares, if any, and the Areas of their
Responsibility at the Bank
89
IV.
Information on the Bank’s Qualified Shareholders
89
V.
Summary Information on the Bank’s Functions and Business Lines
89
VI.
Existing or Potential, Actual or Legal Obstacles on the Transfer of Shareholder’s Equity Between the Bank and its Subsidiaries or the Reimbursement of Liabilities
89
VII.
Written Policies on Assessment of Ensuring Compliance on Market Discipline, Disclosure Obligations, Frequency and Accuracy of Related Disclosures
89
SECTION II
Unconsolidated Financial Statements
I.
Balance Sheet (Statement of Financial Position) – Assets
90
II.
Balance Sheet (Statement of Financial Position) – Liabilities
91
III.
Statement of Off-Balance Sheet Items
92
IV.
Statement of Income
94
V.
Statement of Income and Expense Items Accounted under Shareholders’ Equity
95
VI.
Statement of Changes in the Shareholders’ Equity
96
VII.
Statement of Cash Flows
98
VIII.
Statement of Profit Distribution Table
99
SECTION III
Explanations on Accounting Policies
I.
Basis of Presentation
100
II.
Strategy for Use of Financial Instruments and Foreign Currency Transactions
100
III.
Associates and Subsidiaries
100
IV.
Forward, Option Contracts and Derivative Instruments
100
V.
Interest Income and Expenses
101
VI.
Fees and Commission Income and Expenses
101
VII.
Financial Assets
101
VIII.
Impairment of Financial Assets
102
IX.
Offsetting Financial Instruments
102
X.
Sale and Repurchase Agreements and Securities Lending Transactions
102
XI.
Non-current Assets Held for Sale and Discontinued Operations and Related Liabilities
102
XII.
Goodwill and Other Intangible Assets
102
XIII.
Tangible Assets
102
XIV.
Leasing Transactions
103
XV.
Provisions and Contingent Liabilities
103
XVI.
Contingent Assets
103
XVII.
Liabilities Regarding Employee Benefits
103
XVIII. Taxation
104
XIX.
Borrowings
105
XX.
Equity Shares and Issuance of Equity Securities
105
XXI.
Bank Acceptances and Bills of Guarantee
105
XXII.
Government Incentives
105
XXIII. Segment Reporting
105
XXIV. Other Disclosures
105
SECTION IV
Information on the Financial Position of the Bank and Risk Management of the Bank
I.
Explanations on Capital Adequacy Standard Ratio
105
II.
Explanations on Credit Risk
110
III.
Explanations on Market Risk
117
IV.
Explanations on Operational Risk
119
V.
Explanations on Currency Risk
119
VI.
Explanations on Interest Rate Risk
120
VII.
Explanations on Equity Shares Risk Arising from Banking Book
123
VIII.
Explanations on Liquidity Risk
124
IX.
Explanations on Securitization Positions
128
X.
Explanations on Credit Risk Mitigation Techniques
128
XI.
Explanations on Risk Management Objectives and Policies
129
XII.
Explanations on Leverage Ratio
130
XIII.
Explanations on Other Price Risks
130
XIV.
Explanations on Presentation of Assets and Liabilities at Fair Value
130
XV.
Explanations on Transactions Carried Out on Behalf of Third Parties and Fiduciary Transactions
131
XVI.
Explanations on Segment Reporting
131
SECTION V
Disclosures and Footnotes on the Unconsolidated Financial Statements
I.
Disclosures and Footnotes on Assets
134
II.
Disclosures and Footnotes on Liabilities
145
III.
Disclosures and Footnotes on Off-Balance Sheet Items
150
IV.
Disclosures and Footnotes on Statement of Income
152
V.
Disclosures and Footnotes on Statement of Changes in Shareholders’ Equity
155
VI.
Disclosures and Footnotes on Statement of Cash Flows
155
VII.
Disclosures and Footnotes on the Bank’s Risk Group
156
VIII.
Disclosures on the Bank’s Domestic, Foreign, Off-Shore Branches or Associates and Foreign Representative Offices
157
IX.
Subsequent Events
157
SECTION VI
Other Explanations
I.
Explanations on the Bank’s Credit Ratings
158
II.
Explanations on Special Purpose Audit and Public Audit
158
SECTION VII
Independent Auditors’ Report
I.
Explanations on the Independent Auditors’ Report
158
II.
Explanations and Footnotes of the Independent Auditors
158
