FINANCIAL INFORMATION AND RISK MANAGEMENT
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2012
ANNUAL REPORT 2012
The movement table of financial assets at level 3 is given below.
Balance at the Beginning of the Period
Redemption or Sales
Balance at the end of the Period
XIV. Explanations on Transactions Carried Out on Behalf of Third Parties and Fiduciary Transactions
The Bank gives trading, custody, fund management services in the name and on the account of its customers. The Bank has no fiduciary
XV. Explanations on Segment Reporting
The Bank’s operations are classified as corporate, commercial, retail and private banking, and treasury/investment banking.
The Bank provides services to the large corporations, SMEs and other trading companies through various financial media within the
course of its corporate and commercial operations. Services such as project financing, operating and investment loans, deposit and cash
management, credit cards, cheques and bills, foreign trade transactions and financing, letter of guarantees, letter of credits, forfeiting,
foreign currency trading, bill collections, payrolls, investment accounts, tax collections and other banking services are provided for the
aforementioned customer segments.
Retail banking services are comprised of individuals needs such as deposits, consumer loans, overdraft accounts, credit cards, bill collections,
remittances, foreign currency trading, safe-deposit boxes, insurance, tax collections, investment accounts and by other banking services.
Private banking category, are comprised of any kind of financial and cash management related services provided for individuals within the
Treasury transactions are comprised of medium and long term funding tools such as securities trading, money market transactions, spot and
forward TL and foreign currency trading, and derivative transactions such as forwards, swaps, futures and options, as well as syndications
The Bank’s investments in associates and subsidiaries operating in the financial and non-financial sectors are evaluated within the context
of investment banking. The details about the aforementioned investments are stated in note I.i and I.j section of Section Five.