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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
216
İŞBANK
ANNUAL REPORT 2014
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:
As of 24 October 2012, the Bank issued 10 year-term bond with a nominal value of USD 1,000,000,000 and as of 10 December 2013 issued 10 year-term bond with a nominal value
USD 400,000,000 which are both have the characteristic of subordinated loans for the purpose of making available to the individuals and legal persons who are resident abroad.
Interest rates of aforementioned bonds are 6.00% and 7.85% respectively.
The bonds mentioned are amounting to TL 3,268,784 as of 31 December 2014 (31 December 2013: TL 2,984,143).
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 116,065 balance sheet value at the end of the period has 3.32 % interest rate (31 December 2013: TL 106,759).
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.
l.8. Privileges Granted to Shares:
Turkish Commercial Law and related registiration are kept conditionally;
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
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.
l.9. Information on marketable securities value increase fund:
Current Period
Prior Period
TL
FC
TL
FC
Associates, Subsidiaries and Jointly Controlled Entities
2,493,159
1,323,340
Valuation Difference
2,493,159
1,323,340
Foreign Exchange Differences
Financial Assets Available for Sale
614,123
331,840
(611,153)
(31,790)
Valuation Difference
773,208
326,983
(760,743)
(32,045)
Deferred Tax Effect on Valuation
(159,085)
4,857
149,590
255
Foreign Exchange Differences
Total
3,107,282
331,840
712,187
(31,790)