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Convenience Translation of Publicly Announced Consolidated Fınancial
Statements Originally Issued in Turkish, See Note I of Section Three
Arap Türk Bankası A.Ş.
Notes to Consolidated Financial
Statements at 31 December 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
General Information
Corporate Management
Financial Information
IX. INFORMATION ON FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES
The fair value of the held to maturity financial assets; in case of situations where market price or fair value cannot be determined; is
calculated over the quoted market prices of other investment securities that are of the same interest, maturity and similar in other
clauses.
The estimated fair value of the demand deposit represents the amount to be paid at the moment of demand. Placements of changing
rates and the fair value of the overnight deposit equal to their book values. The fair value of the fixed yield deposit is calculated over the
cash flows discounted using the market interest rates implicated on similar borrowing and other payables.
The estimated fair value of the loans is calculated over the cash flows discounted using the market interest rates implicated on the
constant interest loans. The carrying values of floating-rate loans are deemed a reasonable proxy for their fair values.
In the table below; fair values and book values of some of the financial assets and liabilities are presented. The book value of the assets
and liabilities is the total of the cost and accumulated interest accruals.
Carrying Value
Fair Value
Current Period
Prior Period Current Period
Prior Period
Financial Assets
3,339,311
2,934,121
3,353,804
2,940,720
Banks
1,587,326
1,118,421
1,587,326
1,118,421
Money market receivables
26,908
31,907
26,908
31,907
Financial assets available-for-sale
1,159
1,080
1,159
1,080
Investment securities held-to-maturity
141,677
189,184
156,170
195,783
Loans
1,364,298
1,416,174
1,364,298
1,416,174
Financial Lease Receivables
217,943
177,355
217,943
177,355
Financial Liabilities
3,296,980
2,942,774
3,296,980
2,942,774
Interbank deposits
2,537,987
2,304,361
2,537,987
2,304,361
Other Deposits
569,651
382,271
569,651
382,271
Funds provided from other financial institutions
182,069
209,888
182,069
209,888
Money market borrowings
2,935
36,508
2,935
36,508
Marketable securities issued
-
-
-
-
Miscellaneous Payables
4,338
9,746
4,338
9,746