INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
175
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2012
İŞBANK
ANNUAL REPORT 2012
d. Information on Marketable Securities Issued (Net):
Current Period
Prior Period
TL
FC
TL
FC
Bills
3,423,236
1,809,005
Bonds
1,142,891
1,797,989
1,019,442
952,974
Total
4,566,127
1,797,989
2,828,447
952,974
e. Concentration of the liabilities of the Bank:
Bank’s liabilities come from 60% of deposits, 8% of the funds provided under repurchase agreements, 6% of funds borrowed and 5% of
the secondary subordinated securities loans. Deposits, having different properties are spread across a large customer base. The borrowings,
on the other hand, are comprised of various funds obtained from financial institutions through syndication, securitization, post-financing
and money market operations. No risk concentration exists related to the Bank’s liabilities
f. Information on Other Liabilities:
Other liabilities do not exceed 10% of the balance sheet total.
g. Information on Lease Payables (net):
The Bank does not have any lease payables.
h. Information on Derivative Financial Liabilities Held for Risk Management:
The Bank does not have any derivative financial liabilities held for risk management purposes.
i. Information on Provisions:
i.1.
Information on general loan loss provisions:
Current Period
Prior Period
General Loan Loss Provisions
1,613,677
1,245,245
Provision for Group I Loans and Receivables
1,345,971
1,039,640
- Additional Provision for Loans and Receivables with Extended Maturities
73,259
41,045
Provision for Group II Loans and Receivables
69,570
38,077
- Additional Provision for Loans and Receivables with Extended Maturities
7,257
3,182
Provision for Non-cash Loans
127,290
117,154
Other
70,846
50,374
i.2.
Reserves for employee benefits:
According to the related regulation and the collective bargaining agreements, the Bank is obliged to pay employee termination benefits to
employees who retire, die, quit for their military service obligations, who have been dismissed as defined in the related regulation or to the
female employees who have voluntarily quit within one year after the date of their marriage. In accordance with the related regulations,
the amount of employee termination benefits is TL 3,033.98 (full TL amount as of 31 December 2012), which is one month salary for
each service year and cannot exceed the base salary ceiling for employee termination benefits. On Group basis, as of 31 December 2012
TL 342,205 provision was set aside and reflected to the financial statements (31 December 2011: TL 235,821).
The main actuarial assumptions used in the calculation of the employee termination benefits are as follows:
• discount and inflation rates, which vary by years, were used for the calculation and the real rate of increase in salaries was taken as 2%.
• TL 3,033.98 (full TL amount) salary ceiling, which was effective as at 31 December 2012 was taken into account for the calculations.
• the age of retirement is considered as the earliest age possible that an individual can retire.
• CSO 1980 table is used for the mortality rate for female and male employees
1...,167,168,169,170,171,172,173,174,175,176 178,179,180,181,182,183,184,185,186,187,...300