140
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2012
İŞBANK
ANNUAL REPORT 2012
Risk measurements made within the context of the Value at Risk Model (VAR) are practiced on a daily basis using the historical and Monte
Carlo simulation methods. Scenario analyses are conducted to support the calculations made within the VAR context.
The results of the measurements made on currency risk are reported to the Top Management and the risks are closely monitored by taking
into account the market and the economic conditions.
The Bank’s foreign currency purchase rates at the date of balance sheet and for the last five working days of the period announced by
the Bank in TL are as follows:
Date
USD
EUR
31.12.2012
1.7850
2.3526
28.12.2012
1.7850
2.3562
27.12.2012
1.7900
2.3685
26.12.2012
1.7900
2.3703
25.12.2012
1.7900
2.3607
24.12.2012
1.7900
2.3628
The Bank’s last 30-days arithmetical average foreign currency purchase rates:
USD:
TL 1.7757
EUR:
TL 2.3280
Sensitivity to currency risk:
The Bank’s sensitivity to any potential change in foreign currency rates has been analyzed. In the analysis presented below 10% change,
which is also the amount used for the internal reporting purposes, is anticipated in USD, EUR and GBP.
%Change in Foreign Currency
Effects on Profit/Loss
(1)
Current Period
Prior Period
USD
10% increase
189,438
145,566
10% decrease
(189,438)
(145,566)
EUR
10% increase
(184,307)
(94,839)
10% decrease
184,307
94,839
GBP
10% increase
69,305
98,199
10% decrease
(69,305)
(98,199)
(1)
Indicates the values before tax.
1...,132,133,134,135,136,137,138,139,140,141 143,144,145,146,147,148,149,150,151,152,...300