189
Financial Information and Risk
Management
İş Bankası
Annual Report 2013
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements
for the Year Ended 31 December 2013
b.3. Purchase and sale of real estates, other assets and services, agency agreements, finance lease contracts, transfer of
information obtained through research and development, license agreements, funding (including loans and provision of support
as cash capital or capital-in-kind), guarantees and collaterals, and management agreements:
The Bank acquires its properties through its associate, İş Finansal Kiralama A.Ş., when required. The Bank’s branches act as agents
for Anadolu Anonim Türk Sigorta Şirketi and Anadolu Hayat Emeklilik A.Ş. Furthermore, through its branches the Bank also acts as
agent for İş YatırımMenkul Değerler A.Ş. Of the 29 mutual funds, which were founded by the Bank, 28 of them are managed by İş
Portföy Yönetimi A.Ş. and 1 of them are managed by İş YatırımMenkul Değerler A.Ş.
If requested, cash and non-cash loan requirements of corporations within the risk group are met in accordance with the limits
imposed by the Banking Law and the prevailing market conditions.
c.
Total salaries and similar benefits paid to the key management personnel
Benefits paid to key management personnel in the current period amount to TL 15,401 (31 December 2012: TL 15,193).
VIII. Disclosures on the Bank’s Domestic, Foreign, Off-Shore Branches or Associates and Foreign Representative Offices
Number Employees
Domestic Branches
(1)
1,289 23,868
Country of Incorporation
Foreign Representative Offices
1
2 People’s Republic of China
1
1
Egypt
Total Assets
Legal Capital
Foreign Branches
1
34
England
8,759,834
349
15
174
TRNC
1,179,536
80,000
1
20
Iraq
316,975
15,044
1
12
Georgia
38,570
15,831
1
8
Kosovo
36,049
23,525
Off-Shore Branches
1
10
Bahrain
8,989,901
(1)
The Branches located in Free Trade Zones in Turkey are included among domestic branches.
IX. Subsequent Events
Within the framework of the resolution made by the Bank’s Board of Directors on 30 September 2013 regarding the domestic
issuance of borrowing instrument, the Bank has issued bank bills with a nominal value of TL 200,000, with a maturity of 127 days,
bank bills with a nominal value of TL 600,000 with a maturity of 232 days, and have issued discount bonds with a nominal value
of TL 200,000 with a maturity of 370 days on January 2013. The redemption date of the related bills are 11 June 2014 and 24
September 2014, discount bonds are 09 February 2015 and the interest rates are 10.49%, 11.13% and 11.47% respectively (annual
simple interest).
