FINANCIAL INFORMATION AND RISK MANAGEMENT
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2012
ANNUAL REPORT 2012
Financial Assets at Fair Value Through Profit and Loss
Derivative Financial Assets Held for Trading
Financial Assets Available-for-Sale
Investments in Subsidiaries and Associates
Derivative Financial Liabilities
Since they are not traded in an active market, the equity securities (TL 40,155) under the financial assets available-for-sale are shown in the financial statements at acquisition cost and the
related securities are not shown in this table.
Since the unlisted investments in associates and subsidiaries are recognized at acquisition cost within the framework of TAS 39, these companies are not included in the table.
There has not been any transition between level 1 and level 2 during the period.
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
Transactions both in national and international capital markets in connection with the trading and custody on behalf of others are carried
out, and portfolio management and investment consulting services are provided.
The Group has no fiduciary transactions.
XV. Explanations on Consolidated Business Segmentation
The Group’s operations are classified as corporate, commercial, retail and private banking, and treasury/investment banking. While the
commercial and corporate operations are differentiated by the Parent Bank and its financial institutions, according to their own criterion, in
the classification of other operations, the same methods are applied by the Group.
Services to the large corporations, SMEs and other trading companies are provided through various financial media within the course of the
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 guarantee, letter of credit, forfeiting, foreign currency
trading, bill collections, payrolls, investment accounts, tax collections and other banking services are provided for the aforementioned
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 are provided for individuals within
the high-income segment.
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 Group’s investments in unconsolidated associates and subsidiaries are evaluated within the context of investment banking.