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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
182
İŞBANK
ANNUAL REPORT 2014
5.
Lending transactions abroad are conducted by determining the country risks of related countries within the context of the current rating system and by taking the market
conditions, country risks, and the relevant legal limitations into account. Furthermore, the credibility of banks and other financial institutions established abroad is examined within
the framework of the rating system that has been developed and credit limits are assigned to the related banks and financial institutions accordingly.
6.
(i)
The share of the Group’s receivables from the top 100 and 200 cash loan customers in the overall cash loan portfolio stands at 22% and 29% respectively (31 December 2013:
21%, 29%).
(ii)
The share of the Group’s receivables from the top 100 and 200 non-cash loan customers in the overall non-cash portfolio stands at 47% and 57% respectively (31 December
2013: 45%, 56%).
(iii)
The share of the Group’s cash and non-cash receivables from the top 100 and 200 credit customers in the overall assets and non-cash loans stands at 15% and 20%
(31 December 2013: 14%, 20%).
Companies that are among the top loan customers ranked according to cash, non-cash and total risks are leaders in their own sectors, the loans advanced to them are in line with
their volume of industrial and commercial activity. A significant part of such loans is extended on a project basis, with their repayment sources being analyzed in accordance with the
banking principles to be considered as satisfactory, and associated risks are determined and duly covered by obtaining appropriate guarantees when deemed necessary.
7.
The total value of the general provisions allocated for credit risk carried by the Group stands at TL 2,479,770.
8.
The Parent Bank measures the quality of its loan portfolio by applying different rating/scoring models on cash commercial/corporate loans, retail loans and credit cards. The
breakdown of the rating/scoring results, which are classified as “Strong”, “Standard” and “Below Standard” by considering their default features, is shown below.
The loans whose borrowers’ capacity to fulfill their obligations is very good, are defined as “Strong”, whose borrowers’ capacity to fulfill its obligations in due time is reasonable, are
defined as “Standard” and whose borrowers’ capacity to fulfill their obligations is poor, are defined as “Below Standard”.
Current Period
Prior Period
Strong
52.37 %
49.38%
Standard
37.28%
37.02 %
Below Standard
6.72 %
4.71 %
Not Rated/Scored
3.63 %
8.89%
The table data comprises the behavior rating/scoring results.
9.
The net values of the collaterals of the Group’s closely monitored loans are given below in terms of collateral types and risk matches.
Type of Collateral
Current Period
Prior Period
Net Value
of the Collateral
Loan Balance
Net Value
of the Collateral
Loan Balance
Real Estate Mortgage
(1)
895,729
895,729
634,341
634,341
Vehicle Pledge
103,041
103,041
109,640
109,640
Cash Collateral (Cash provisions, securities pledge, etc.)
17,969
17,969
11,961
11,961
Pledge on Wages
250,133
250,133
185,780
185,780
Cheques & Notes
43,378
43,378
40,562
40,562
Other (Suretyships, commercial enterprise under pledge, commercial papers, etc.)
743,690
743,690
398,911
398,911
Interest and Income Accruals
834,151
855,323
Total
2,053,940
2,888,091
1,381,195
2,236,518
(1)
The mortgage and/or pledge amounts on which third parties have priorities are deducted from the fair values of collaterals in expertise reports; and after comparing the results to the mortgage/pledge amounts and
loan balances, the smallest figures are considered to be the net value of collaterals.
10.
The net values of the collaterals of the Group’s non-performing loans are given below in terms of collateral types and risk matches.
Type of Collateral
Current Period
Prior Period
Net Value
of the Collateral
Loan Balance
Net Value
of the Collateral
Loan Balance
Real Estate Mortgage
(1)
375,961
375,961
450,738
450,738
Cash Collateral
213
213
2,235
2,235
Vehicle Pledge
84,369
84,369
86,766
86,766
Other (suretyships, commercial enterprise under pledge, commercial papers, etc.)
63,425
63,425
72,600
72,600
(1)
The mortgage and/or pledge amounts on which third parties have priorities are deducted from the fair values of collaterals in expertise reports, and after comparing the results to the mortgage/pledge amounts and
loan balances the smallest figures are considered to be the net value of collaterals.
11. The aging analysis of the loans past due but not impaired in terms of financial asset classes, is as follows:
Current Period
(1)
1-30 Days
(2)
31-60 Days
(3)
61-90 Days
(3)
Total
Loans:
830,321
267,176
116,087
1,213,584
Corporate / Commercial Loans
(4)
260,773
101,251
45,441
407,465
Consumer Loans
111,019
38,417
15,525
164,961
Credit Cards
458,529
127,508
55,121
641,158
Lease Receivables
(5)
7,357
3,470
1,992
12,819
Insurance Receivables
89,760
13,191
3,148
106,099
Total
927,438
283,837
121,227
1,332,502
(1)
Loans, which are neither past due nor are classified under closely monitored although being past due for less than 31 days, are amounting to TL 1,813,300.
(2)
Related figures show only overdue amounts of installment based commercial loans and installment based consumer loans; the principal amounts of the loans which are not due as of the balance sheet date are
equal to TL 415,407 and TL 1,025,345 respectively.
(3)
Related figures show only overdue amounts of installment based commercial loans and installment based consumer loans; the principal amounts of the loans which are not due as of the balance sheet date are
equal to TL 323,633 and TL 367,895 respectively.
(4)
The balance includes factoring receivables.
(5)
Includes only overdue installments, total principal amounts which are not due as of the balance sheet date is TL 285,819. Loans overdue between 91-150 days are amounting to TL 1,018.