TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2012
284
İŞBANK
ANNUAL REPORT 2012
3. As per the “Communique on Amendments to be Made on Communique on Required Reserves”, which was published on the Official
Gazette dated 26 January 2013 and nr. 28540, the reserve deposit rates are determined to be between 5%-11.25% for TL deposits and TL
other liabilities, 9%-12% for FC deposits and between 6%-12% for FC other liabilities valid from 01 February 2013.
SECTION SIX: OTHER EXPLANATIONS
I. Explanation on the Group’s Credit Ratings:
Türkiye İş Bankası A.Ş.
Rating Outlook
(1)
Explanation
MOODY’S
Bank Financial Strength
D+
Stable
Indicates that the Bank’s stand-alone financial strength is adequate.
Long-term Foreign Currency Deposit
Ba2
Stable
It is the highest rating in this category determined ceiling of Turkey.
Long-term Local Currency Deposit
Baa2
Stable
Indicates that the Bank’s credibility is adequate.
Short-term Foreign Currency Deposit
NP
-
Same as the rating for Turkey.
Short-term Local Currency Deposit
P-2
-
Indicates that the Bank’s credibility is high.
FITCH RATINGS
Long-term Foreign Currency Issuer
Default Rating
BBB
Stable
At investment level. Shows that the Bank’s credibility is good.
Long-term Local Currency Issuer Default
Rating
BBB
Stable
At investment level. Shows that the Bank’s credibility is good.
Short-term Foreign Currency Issuer
Default Rating
F3
-
At investment level. Shows that the capacity for timely payment of financial
commitments is adequate.
Short-term Local Currency Issuer Default
Rating
F3
-
At investment level. Shows that the capacity for timely payment of financial
commitments is adequate.
National Long-term Rating
AAA (tur) Stable
Shows highest credit quality (national).
Viability Rating
bbb
-
Shows that the Bank’s credibility is “good”. Basic financial indicators are
adequate.
Support Rating
3
-
There is a moderate probability of support.
STANDARD & POOR’S
Long-term Counterparty Credit Rating BB
Stable
Same as the FC country rating given for Turkey.
Long-term Certificate of Deposit
BB
-
Same as the FC country rating given for Turkey.
Short-term Counterparty Credit Rating B
-
Indicates that it has the capacity to meet its
financial commitment on the obligation.
Short-term Certificate of Deposit
B
-
Indicates that it has the capacity to meet its
financial commitment on its obligations.
Long-term National Scale Rating
trAA
-
Indicates that its capacity to meet its financial
commitments on the obligation are strong.
Short-term National Scale Rating
trA-1
-
It is the highest rating in this category and indicates that the Bank’s capacity
to pay its short-term debt is higher than the other institutions in the
country.
The dates below given are on which the Parent Bank’s credit ratings/outlook was last updated:
Moody’s: 3 July 2012, Fitch Ratings: 14 December 2012, Standard & Poor’s: 4 May 2012
(1)
Outlook:
“Stable” indicates that the current rating will not be changed in the short term; “positive” indicates that the current rating is very likely to be
upgraded and “negative” indicates that the current rating is very likely to be downgraded.
1...,276,277,278,279,280,281,282,283,284,285 287,288,289,290,291,292,293,294,295,296,...300