284
İş Bankası
Annual Report 2013
Financial Information and Risk Management
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2013
j.
Information on payables for assets held for sale and discontinued operations:
The Group does not have any payables for assets held for sale and discontinued operations.
k.
Explanations on subordinated debts:
The Bank, issued 10 year-term bond with a nominal value of USD 1,000,000,000 which is like subordinated loans for the
individual and legal persons who are resident abroad for prior period. The Bank, issued 10 year-term bond with a nominal value of
USD 400,000,000,000 which is like subordinated loans for the individual and legal persons who are resident abroad for current
period, the bonds stood at 7.85% interest rate.
The total value of the subject bonds is TL 2,984,143 (31 December 2012: TL 1,804,451).
In addition the Bank, TSKB, consolidated subsidiary of the Parent Bank, has used a subordinated debt amounting USD 50 million
from International Finance Corporation through direct financing on 5 November 2004. The maturity date of the subordinated debt
with interest rate of Libor+3.00% and without any repayment of principal in the first five years is 15 October 2016. The Bond which
has TL 106,759 balance sheet value at the end of the period has 3.36% interest rate (31 December 2012: 3,85%, TL 89,125).
l.
Information on consolidated shareholders’ equity:
l.1. Presentation of paid-in capital:
Current Period
Prior Period
Common shares
4,499,970
4,499,970
Preferred shares
30
30
Total
4,500,000
4,500,000
l.2. Explanation as to whether the registered share capital system ceiling is applicable at bank, if so, the amount of registered
share capital:
Capital System
Paid-in Capital
Ceiling
Registered Capital System
4,500,000
10,000,000
l.3. The capital increase made in current period: None.
l.4. Capital increase through transfer from capital reserves during the current period: None.
l.5. Significant commitments of the Parent Bank related to capital expenditures within the last year and the following quarter,
the general purpose thereof, and the estimation of funds required for them: There are no capital commitments.
l.6. Information regarding the shares of the company acquired; Parent bank and group companies did not acquired their own
share.
l.7. Previous periods’ indicators related to income, profitability and liquidity, and the estimated effects of forecasts, which are
to be made by taking into consideration the uncertainties of these indicators, on the Group’s equity: The Parent Bank’s and
the Group companies’ balance sheets are managed in a prudent way to ensure that the effect of risks arising from interest rates,
exchange rates and loans is at the lowest level and this contributes positively to the Group’s profitability performance.
l.8. Privileges Granted to Shares:
Group (A) shares each with a nominal value of 1 Kuruş have the privileges of;
• receiving 20 times the number of shares in the distribution of bonus shares issued from conversion of extraordinary and
revaluation reserves generated in accordance with the relevant laws (Article 18 of the Articles of Incorporation),
• exercising the preference rights as 20 times (Article 19 of the Articles of Incorporation), and
• 20 voting rights (Article 49 of the Articles of Incorporation).
Despite having a lower nominal value, Group (B) shares, each with a nominal value of 1 Kuruş, have the same rights with the Group
(C) shares having a nominal value of 4 Kuruş each. Furthermore, Group (A) and (B) shares, each with a nominal value of 1 Kuruş are
granted privileges in distribution of profits pursuant to Article 58 of the Articles of Incorporation.
