112 A&T BANK ANNUAL REPORT 2015
ARAP TÜRK BANKASI ANONİM ŞİRKETİ
NOTES TO UNCONSOLIDATED FINANCIAL STATEMENTS
AT 31 DECEMBER 2015
(AMOUNTS EXPRESSED IN THOUSANDS OF TURKISH LIRA (“TL”) UNLESS OTHERWISE STATED. )
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I OF SECTION THREE
The expected effects of the fluctuations of market interest rates on the Bank’s financial position and cash flows,
the expectations for interest income, and the limits the board of directors has established on daily interest rates
The Board of Directors has determined limits for the amount exposed to market risk/ shareholder’s equity, to be
maximum 45% for the early warning limit, 50% for limit maximum, and maximum 55% for limit exception in order to
follow interest rate risk, exchange rate risk and equity price risk.
The precautions taken for the interest rate risk the Bank was exposed to during the current year and their
expected effects on net income and shareholders’ equity in the future periods
Although the increase in interest rates have a limited negative effect on the Bank’s financial position the Bank’s Equity
structure is able to confront the negative effects of possible fluctuations in the interest rates.
Information related to interest rate sensitivity of assets, liabilities and off-balance sheet items (based on re-
pricing dates)
Current Period
Up to
1 Month
1-3
Months
3-12
Months
1-5
Years
5 Years
and Over
Non-
Interest
Bearing
Total
Assets
Cash (cash in vault, foreign currencies, cash in transit, cheques
purchased) and balances with the Central Bank of Turkey
341,933
-
-
-
-
516,221 858,154
Banks
924,758 281,941
-
-
-
- 1,206,699
Financial assets at fair value through Profit or Loss
14,580 25,567
9,335 158,860
-
-
208,342
Interbank Money Market Placements
-
-
-
-
-
-
-
Financial assets available-for-sale
-
-
-
-
-
1,388
1,388
Loans
804,298 425,213 114,455
554
-
13,383 1,357,903
Investment securities held-to-maturity
1,038 139,634 22,314 104,433 14,139
-
281,558
Other assets
1
-
-
-
-
-
109,248 109,248
Total assets
2,086,607 872,355 146,104 263,847 14,139 640,240 4,023,292
Liabilities
Bank deposits
1,490,139 593,292 755,156
-
-
- 2,838,587
Other deposits
21,323 22,802 35,612
-
-
429,392 509,129
Money market borrowings
3,493
-
-
-
-
-
3,493
Miscellaneous payables
-
-
-
-
-
1,012
1,012
Marketable securities issued
-
-
-
-
-
-
-
Funds Borrowed From Other Fin. Ins.
207
-
3,166
-
-
-
3,373
Other liabilities
2
753
-
-
-
-
666,945 667,698
Total liabilities
1,515,915 616,094 793,934
-
- 1,097,349 4,023,292
Long Position in the Balance Sheet
570,692 256,261
- 263,847 14,139
- 1,104,939
Short Position in the Balance Sheet
-
- (647,830)
-
- (457,109) (1,104,939)
Long Position in the Off-balance Sheet
43,614
-
-
-
-
-
43,614
Short Position in the Off-balance Sheet
(44,641)
-
-
-
-
-
(44,641)
Total Position
569,665 256,261 (647,830) 263,847 14,139 (457,109)
(1,027)
1
Other Assets: The amount of TL 109,248 in the Non-Interest Bearing column is composed of Subsidiaries amounting to TL 70,213, Tangible Assets
amounting to TL 19,611, Intangible Assets amounting to TL 2,648, Deferred Tax Assets amounting to TL 2,830, Assets Held for Sale amounting to
TL 9, Miscellaneous Receivables amounting to TL 1,830, and Other Assets amounting to TL 12,107.
2
Other Liabilities: The amount of TL 666,945 in the Non-Interest Bearing Column is composed of Shareholders’ Equity amounting to TL 601,823,
Provisions amounting to TL 39,645, Tax, Duty and Premium Payable amounting to TL 11,527 and Other Foreign Resources amounting to TL 13,950.