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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
226
İŞBANK
ANNUAL REPORT 2014
Türkiye Sınai Kalkınma Bankası A.Ş.
Rating
Outlook
MOODY’S
Bank Financial Strength
D+
Stable
Long-term Foreign Currency Issuer Rating
Baa3
Negative
Short-term Foreign Currency Issuer Rating
P-3
-
Long-term Local Currency Issuer Rating
Baa3
Negative
Short-term Local Currency Issuer Rating
P-3
-
FITCH RATINGS
Long-term Foreign Currency Issuer Default Rating
BBB-
Stable
Long-term Local Currency Issuer Default Rating
BBB
Stable
Short-term Foreign Currency Issuer Default Rating
F3
-
Short-term Local Currency Issuer Default Rating
F3
-
National Rating
AAA
Stable
Support Rating
2
-
Support Rating
BBB-
-
Senior Unsecured Loan Rating
BBB-
-
The dates below given are on which the TSKB’s credit ratings were last updated:
Moody's: 5 June 2014, Fitch Ratings: 24 October 2014.
İş Finansal Kiralama A.Ş.
Rating
Outlook
FITCH RATINGS
Long-term Foreign Currency Issuer Default Rating
BBB-
Stable
Long-term Local Currency Issuer Default Rating
BBB-
Stable
Short-term Foreign Currency Issuer Default Rating
F3
-
Short-term Local Currency Issuer Default Rating
F3
-
National Long-term Rating
AA+ (tur)
Stable
Support Rating
2
-
The date below given is on which the credit ratings of İş Finansal Kiralama A.Ş. were last updated:
Fitch Ratings: 23 July 2014
II. Explanations on Special Purpose Audit and Public Audit
According to the Turkish Commercial Code 207, 438 and 439, the Bank has not been done special audit in the current period. The Bank is subject to public scrutiny, including public
institutions such as; BRSA, CBRT, the Capital Markets Board, the Competition Authority. In relation to these inspections of public institutions, if there is a point where disclosure to be
necessary, the Bank shares the issues with the public through disclosures.
SECTION SEVEN: EXPLANATIONS ON THE INDEPENDENT AUDITORS’ REPORT
I. Explanations on the Independent Auditors’ Report:
The Parent Bank’s consolidated financial statements and footnotes to be disclosed to public as of 31 December 2014 are audited by Akis Bağımsız Denetim ve Serbest Muhasebeci Mali
Müşavirlik Anonim Şirketi (the Turkish member firm of KPMG International Cooperative, a Swiss entity) and except for the effect of the matter on the consolidated financial statements
described in the fourth paragraph of the audit report dated 02 February 2015, the consolidated financial statements present fairly, in all material respects, the financial position of
Türkiye İş Bankası AŞ as of 31 December 2014 and the result of its operations and cash flows for the year then ended.
II. Explanations and Footnotes of the Independent Auditors
There are no significant issues or necessary disclosures or notes in relation to the Group’s operations other than those mentioned above.