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201
ARAP TÜRK BANKASI A.Ş.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS AT 31 DECEMBER 2013
( Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated. )
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL
STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I OF SECTION THREE
4
GENERAL INFORMATION
50
CORPORATE MANAGEMENT
67
FINANCIAL INFORMATION
A&T BANK 2013 ANNUAL REPORT
Value adjustments and provisions methods and approaches
Classification of the elements described above, and taking into account the Bank’s loans and other receivables, from the date of the
third group of at least twenty percent (20%), from the date of the fourth group of at least fifty percent (50%), from the date of the fifth
Group One hundred percent (% 100) by a special provision.
In addition to the specific provisions of qualified cash loans of the Bank’s standard one percent of the total (1%), and letters of credit,
guarantees and sureties and other non-cash loans the two thousandth of the total (0.2%) percent and two percent of the total cash
loans under close monitoring (2%), and letters of credit, guarantees and sureties and other four thousandths of the total non-cash
loans (0.4%) rate the overall provision.
The subsidiary of the Parent Bank that operates in financial leasing sector provide at least 20% provision for the leasing receivables if
both or one of the principal or interest are overdue by 90 days, provide at least 50% provision for overdue by 180 days, provide 100%
provision for overdue by a year.
As at 31 December 2013 the rating distribution of Parent Bank’s financial instruments is as follows:
Financial asset at fair value
through profit or loss
Rating Agency Government
Bonds
Private
Sector Bonds
Private
Bank Bonds Derivatives
Total
Aaa
Moody’s
-
-
-
-
-
Between Aa3 Aa1
Moody’s
-
-
-
-
-
Between A3 A1
Moody’s
-
-
-
-
-
Between Baa3 Baa1
Moody’s
-
-
-
-
-
Between BBB-BBB +
Fitch
-
3,005
76,946
-
79,951
Between Ba3 Ba1
Moody’s
-
-
-
-
-
Between BB – BB +
Fitch
-
-
-
-
-
Between B3 B1
Moody’s
-
-
4,820
-
4,820
Between Caa1 and less
Moody’s
-
-
-
-
-
Not rated
-
-
-
-
-
Total
-
3,005
81,766
-
84,771
Investments held to maturity Rating Agency Government
Bonds
Private Sector
Bonds
Private Bank
Bonds Derivatives
Total
Aaa
Moody’s
-
-
-
-
-
Between Aa3 Aa1
Moody’s
-
-
-
-
-
Between A3 A1
Moody’s
-
-
-
-
-
Between Baa3 Baa1
Moody’s
-
-
-
-
-
Between BBB-BBB +
Fitch
102,370
-
3,070
-
105,440
Between Ba3 Ba1
Moody’s
-
-
-
-
-
Between BB – BB +
Fitch
-
-
-
-
-
Between B3 B1
Moody’s
-
-
-
-
-
Between Caa1 and less
Moody’s
-
-
-
-
-
Not rated
46,287
12,898
24,559
-
83,744
Total
148,657
12,898
27,629
-
189,184