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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2014
FINANCIAL INFORMATION AND
RISK MANAGEMENT
117
İŞBANK
ANNUAL REPORT 2014
Information on currency risk:
Current Period
EUR
USD
Other FC
Total
Assets
Cash (Cash in Vault, Foreign Currency Cash, Money in Transit, Cheques Purchased) and
Balances with the Central Bank of Turkey
3,992,617
11,907,286
3,976,133
19,876,036
Banks
228,458
582,466
450,379
1,261,303
Financial Assets at Fair Value through Profit/Loss
(1)
102,981
437,269
540,250
Money Market Placements
Financial Assets Available for Sale
634,440
6,587,251
7,221,691
Loans
(2)
16,034,099
41,507,901
1,816,338
59,358,338
Investments in Associates, Subsidiaries and Jointly Controlled Entities (Joint Ventures)
285,945
130,366
416,311
Held to Maturity Investments
19,023
25,726
6,258
51,007
Derivative Financial Assets Held for Risk Management
Tangible Assets
(1)
492
94
2,126
2,712
Intangible Assets
(1)
Other Assets
(1)
121,433
282,011
26,487
429,931
Total Assets
21,419,488 61,330,004
6,408,087
89,157,579
Liabilities
Banks Deposits
910,047
2,079,775
508,169
3,497,991
Foreign Currency Deposits
(3)
21,603,572
30,117,230
5,346,831
57,067,633
Money Market Funds
179,342
2,737,339
2,916,681
Funds Provided from Other Financial Institutions
5,939,564
11,859,098
2,960
17,801,622
Marketable Securities Issued
(4)
18,017
14,862,394
27,698
14,908,109
Miscellaneous Payables
248,225
196,277
35,124
479,626
Derivative Financial Liabilities Held for Risk Management
Other Liabilities
(1)
403,284
1,313,508
18,075
1,734,867
Total Liabilities
29,302,051
63,165,621
5,938,857
98,406,529
Net On Balance Sheet Position
(7,882,563)
(1,835,617)
469,230 (9,248,950)
Net Off Balance Sheet Position
4,449,669
2,647,966 (1,441,280)
5,656,355
Derivative Financial Assets
(5)
9,006,701
12,848,651
765,352
22,620,704
Derivative Financial Liabilities
(5)
4,557,032
10,200,685
2,206,632
16,964,349
Non-Cash Loans
7,782,686
16,465,152
903,174
25,151,012
Prior Period
Total Assets
24,678,553
49,875,049
5,208,699
79,762,301
Total Liabilities
31,869,154
46,729,872
5,701,754
84,300,780
Net Balance Sheet Position
(7,190,601)
3,145,177
(493,055)
(4,538,479)
Net Off Balance Sheet Position
4,849,740 (2,733,080)
370,169
2,486,829
Derivative Financial Assets
11,027,720
8,671,467
2,196,777
21,895,964
Derivative Financial Liabilities
6,177,980
11,404,547
1,826,608
19,409,135
Non-Cash Loans
7,498,203
14,182,117
874,592
22,554,912
(1)
In accordance with the principles of the “Regulation on the Calculation and Implementation of Foreign Currency Net General Position/Equity Standard Ratio by Banks on Consolidated and Non-Consolidated Basis”
Foreign Currency Income Accruals of Derivative Financial Instruments (TL 260,234), Operating Lease Development Costs (TL 8,996), Intangible assets (TL 886), Deferred Tax Asset (TL 478), Prepaid Expenses (TL
36,081) in assets and Foreign Currency Expense Accruals of Derivative Financial Instruments (TL 267,891), General Provision (TL 6,449) and Shareholders’ Equity (TL 328,710) in liabilities are not included.
(2)
Foreign currency indexed loans amounting TL 4,446,960 presented in TL loans in the balance sheet are included in the table above. TL 2,830,794 is USD indexed, TL 1,584,960 is EUR indexed, TL 3,702 is CHF
indexed, TL 5,513 is GBP indexed, TL 21,981 is JPY indexed and TL 10 is CAD indexed.
(3)
Precious metals deposit accounts amounting TL 2,759,546 are included.
(4)
Includes subordinated bonds which are classified on the balance sheet as subordinated loans.
(5)
Forward foreign currency purchase and sale commitments are included according to aforementioned regulation.
VI. Explanations on Interest Rate Risk
Interest rate risk is the risk that the value of the Bank’s interest sensitive assets, liabilities and off-balance sheet operations will decrease because of change in market interest rates.
The method of average maturity gap according to the repricing dates is used for measuring the interest rate risk arising from the banking accounts, whereas the interest rate risk
related to interest sensitive financial instruments followed under trading accounts is assessed within the scope of market risk.
Potential effects of interest rate risk on the Bank’s assets and liabilities, market developments, the general economic environment and expectations are regularly followed in meetings
of the Asset-Liability Committee, where further measures to reduce risk are taken when necessary.
The Bank’s on and off-balance sheet interest sensitive accounts other than the assets and liabilities exposed to market risk are monitored and controlled by the limits above the
average maturity gaps according to the repricing periods determined by the Board within the scope of asset-liability management risk policy. Moreover, scenario analyses formed in
line with the historical data and expectations are also used in the management of the related risk.