287
Financial Information and Risk
Management
İş Bankası
Annual Report 2013
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2013
a.7. Non-cash Loans classified under Group I and Group II:
Group I
Group II
TL
FC
TL
FC
Non-cash Loans
16,002,659 23,582,800
107,404
77,189
Letters of Guarantee
15,845,025 14,600,435
107,404
62,386
Bank Acceptances
4,262
1,490,314
370
Letters of Credit
6,888,724
14,433
Endorsements
Underwriting Commitments of the Securities Issued
Factoring Related Guarantees
59,639
12,808
Other Guaranties and Warranties
93,733
590,519
b.
Information on Derivative Financial Instruments:
Majority of the Group’s derivative transactions comprise foreign currency and interest rate swaps, forward foreign exchange trading,
currency and interest rate options. Even though some derivative transactions economically provide risk hedging, since all necessary
conditions to be defined as items suitable for financial risk hedging accounting are not met, they are recognized as “held for trading
purposes” within the framework of TAS 39 “Financial Instruments: Recognition and Measurement”.
c.
Explanations Related to Contingencies and Commitments:
The balance of the “Other Irrevocable Commitments” account, which comprised the letters of guarantees, guarantees and
commitments submitted by the Group pursuant to its own internal affairs, and guarantees given to third parties by other institutions
in favor of the Parent Bank and the commitments due to housing loans extended within the scope of unfinished house projects
followed, amounts to TL 8,697,889. The cheques given to customers is presented under off balance sheet commitments, as per
the related regulations is amounting to TL 6,024,383. In case the cheques presented for payment to beneficiaries are not covered,
the Parent Bank will be obliged to pay the uncovered amount up to TL 660 (full amount expressed) for the cheques that are subject
to the Law numbered 3167 on “the Regulation of Payments by Cheque and Protection of Cheque Holders”, and up to TL 1,120 (full
amount) for the cheques that are subject to the “Cheque Law” numbered 5941. The uncollected amount will be followed under
“Indemnified Non-Cash Loans”.
d.
Explanations related to transactions made on behalf of or on the account of others:
It is explained in Note XIV under Section Four.
IV. Disclosures and Footnotes on the Consolidated Income Statement
a.
Interest Income
a.1. Information on interest income on loans:
Current Period
Prior Period
TL
FC
TL
FC
Interest Income on Loans
(1)
Short-term Loans
3,110,497
330,761
3,426,444
356,691
Medium and Long-term Loans
5,110,579
2,155,926 4,484,870
1,686,085
Interest on Non-performing Loans
168,569
3,453
166,915
8,958
Premiums Received from State Resource Utilization
Support Fund
Total
8,389,645
2,490,140 8,078,229 2,051,734
(1)
Includes fee and commission income on cash loans.
