TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2012
234
İŞBANK
ANNUAL REPORT 2012
Measurements made for the Parent Bank within the scope of the Standard Method are carried out on a monthly basis and form the basis of
determining the capital requirement for hedging currency risk.
Risk measurements made within the context of the VAR are made on a daily basis using the historical and Monte Carlo simulation methods.
Furthermore, 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 Key Management and the risks are closely monitored by taking
into account the market and the economic conditions.
The Parent 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 Parent 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 Parent Bank’s last 30-days arithmetical average foreign currency purchase rates:
USD:
TL 1.7757
EUR:
TL 2.3280
Sensitivity to currency risk:
The Group’s sensitivity to any potential change in foreign currency rates has been analyzed. Within this framework, 10% change is
anticipated in USD, EUR and GBP currencies and the possible impact of the related change is presented below. 10% is the ratio that is used
in the internal reporting of the Parent Bank.
%Change in Foreign Currency
Effects on Profit/Loss
(1)
Current Period
Prior Period
USD
10% increase
228,999
236,031
10% decrease
(228,999)
(236,031)
EUR
10% increase
(202,894)
(92,892)
10% decrease
202,894
92,892
GBP
10% increase
76,740
105,295
10% decrease
(76,740)
(105,295)
(1) Indicates the values before tax.
1...,226,227,228,229,230,231,232,233,234,235 237,238,239,240,241,242,243,244,245,246,...300