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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
189
İŞBANK
ANNUAL REPORT 2014
FINANCIAL INFORMATION AND
RISK MANAGEMENT
Information on currency risk:
EUR
USD
Other FC
Total
Current Period
Assets
Cash (Cash in Vault, Foreign Currency Cash, Money in Transit, Cheques Purchased) and
Balances with the Central Bank of Turkey
4,082,482
12,241,347
4,057,306
20,381,135
Banks
1,157,805
968,290
470,543
2,596,638
Financial Assets at Fair Value through Profit/Loss
(1)
135,488
451,823
587,311
Money Market Placements
7,011
7,011
Financial Assets Available for Sale
700,192
7,496,758
18,711
8,215,661
Loans
(2)
21,359,127
47,928,015
2,000,187
71,287,329
Investments in Associates, Subsidiaries and Jointly Controlled Entities (Joint Ventures)
Held to Maturity Investments
19,023
25,726
6,258
51,007
Derivative Financial Assets Held for Risk Management
Tangible Assets
(1)
43,536
94
30,615
74,245
Intangible Assets
(1)
Other Assets
(1)
1,096,177
1,735,120
130,227
2,961,524
Total Assets
28,600,841
70,847,173
6,713,847 106,161,861
Liabilities
Bank Deposits
1,088,839
2,170,190
531,117
3,790,146
Foreign Currency Deposits
(3)
23,317,317
29,915,394
5,433,177
58,665,888
Money Market Funds
190,225
2,981,084
28,986
3,200,295
Funds Provided from Other Financial Inst.
10,905,299
18,171,460
5,103
29,081,862
Marketable Securities Issued
(4)
18,017
15,673,893
27,698
15,719,608
Miscellaneous Payables
309,961
497,228
40,745
847,934
Derivative Financial Liabilities Held for Risk Management
Other Liabilities
(1) (5)
638,674
1,913,548
141,059
2,693,281
Total Liabilities
36,468,332
71,322,797
6,207,885 113,999,014
Net On Balance Sheet Position
(7,867,491)
(475,624)
505,962
(7,837,153)
Net Off Balance Sheet Position
4,202,312
1,328,346
(1,505,784)
4,024,874
Derivative Financial Assets
(6)
10,257,641
14,226,081
1,027,032
25,510,754
Derivative Financial Liabilities
(6)
6,055,329
12,897,735
2,532,816
21,485,880
Non-Cash Loans
8,234,492
17,167,633
933,707
26,335,832
Prior Period
Total Assets
32,671,221
58,822,271
5,457,277
96,950,769
Total Liabilities
38,573,718
53,292,224
5,993,509
97,859,451
Net Balance Sheet Position
(5,902,497)
5,530,047
(536,232)
(908,682)
Net Off Balance Sheet Position
3,479,654
(5,174,532)
350,310 (1,344,568)
Derivative Financial Assets
11,948,934
9,719,624
2,597,446
24,266,004
Derivative Financial Liabilities
8,469,280
14,894,156
2,247,136
25,610,572
Non-Cash Loans
7,803,123
14,950,534
906,332
23,659,989
(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”,
Derivative Financial Instruments Foreign Currency Income Accruals (TL 304,998), Operating Lease Development Costs (TL 8,996), Deferred Tax Asset (TL 10,373), Prepaid Expenses and Taxes (TL 42,418), Intangible
Assets (TL 6,899) in assets and Derivative Financial Instruments Foreign Currency Expense Accruals (TL 330,163), General Reserves (TL 32,124), and Shareholders’ Equity (TL 385,914) in liabilities are not taken into
consideration in the currency risk measurement.
(2)
Includes factoring receivables and foreign currency indexed loans, which are followed under TL account. Of the total amount of TL 5,777,555 of the aforementioned loans; TL 3,424,885 is USD indexed, TL
2,231,464 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. The balances include factoring receivables.
(3)
The item includes TL 2,759,546 precious metals deposit accounts.
(4)
Includes subordinated bonds which are classified on the balance sheet as subordinated loans, amounting to TL 3,268,784.
(5)
The borrower funds are presented in the “Other Liabilities” according to their type of currency.
(6)
The derivative transactions are taken into consideration within the context of the forward foreign currency trading definitions in the above mentioned Regulation
VI. Explanations on Consolidated Interest Rate Risk
“Interest Rate Risk” is defined as the decrease that can arise in the value of the interest sensitive assets, liabilities and off-balance sheet operations a result of interest rate
fluctuations. 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 Parent 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 Parent 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.