INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2012
285
İŞBANK
ANNUAL REPORT 2012
Türkiye Sınai Kalkınma Bankası A.Ş.
Rating
Outlook
MOODY’S
Bank Financial Strength
D+
-
Long-term Foreign Currency Issuer Rating
Baa3
Stable
Short-term Foreign Currency Issuer Rating
P-3
-
Long-term Local Currency Issuer Rating
Baa3
Stable
Short-term Local Currency Issuer Rating
P-3
-
FITCH RATINGS
Long-term Foreign Currency Issuer Default Rating
BBB-
Stable
Long-term Local Currency Issuer Default Rating
BBB-
Stable
Short-term Foreign Currency Issuer Default Rating
F3
-
Short-term Local Currency Issuer Default Rating
F3
-
National Rating
AAA
Stable
Support Rating
2
-
The dates below given are on which the TSKB’s credit ratings were last updated:
Moody’s: 3 July 2012, Fitch Ratings: 14 December 2012
İş Finansal Kiralama A.Ş.
Rating
Outlook
FITCH RATINGS
Long-term Foreign Currency Issuer Default Rating
BBB-
Stable
Long-term Local Currency Issuer Default Rating
BBB-
Stable
Short-term Foreign Currency Issuer Default Rating
F3
-
Short-term Local Currency Issuer Default Rating
F3
-
National Long-term Rating
AAA (tur)
Stable
Support Rating
2
-
The date below given is on which the credit ratings of İş Finansal Kiralama A.Ş. were last updated:
Fitch Ratings: 24 August 2012
II. Explanations on Special Purpose Audit and Public Audit
According to the Turkish Commercial Code 207, 438 and 439, the Bank has not been done special audit in the current period. The Bank is
subject to public scrutiny, including public institutions such as; BRSA, CBRT, the Capital Markets Board, the Competition Authority. In relation
to these inspections of public institutions, if there is a point where disclosure to be necessary, the Bank shares the issues with the public
through disclosures.
SECTION SEVEN: EXPLANATIONS ON THE INDEPENDENT AUDITORS’ REPORT
I. Explanations on the Independent Auditors’ Report:
The Parent Bank’s consolidated financial statements and footnotes to be disclosed to public as of 31 December 2012 are audited by Akis
Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi (the Turkish member firm of KPMG International Cooperative, a
Swiss entity) and except for the effect of the matter on the consolidated financial statements described in the fourth paragraph of the audit
report dated 14 February 2013, the consolidated financial statements present fairly, in all material respects, the financial position of Türkiye
İş Bankası AŞ as of 31 December 2012 and the result of its operations and cash flows for the year then ended.
II. Explanations and Footnotes of the Independent Auditors
There are no significant issues or necessary disclosures or notes in relation to the Group’s operations other than those mentioned above.
1...,277,278,279,280,281,282,283,284,285,286 288,289,290,291,292,293,294,295,296,297,...300