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Below are the financial statements of Turkiye Vakiflar Bankasi, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Turkiye Vakiflar Bankasi, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of TRY | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Financial assets (Net) | 1,542,853.37a | 877,162.34a |
| Cash and cash equivalents | 969,569.83a | 520,007.21a |
| Cash and balances at central bank | 768,495.92a | 385,735.76a |
| Banks | 71,767.64a | 53,151.59a |
| Receivables from money markets | 129,664.82a | 81,420.62a |
| Allowance for expected credit losses (-) | 358.56a | 300.77a |
| Financial assets at fair value through profit or loss | 2,611.17a | 35,027.23a |
| Public debt securities | 6.05a | 31,148.46a |
| Equity instruments | 1,398.23a | 962.09a |
| Other financial assets | 1,206.9a | 2,916.68a |
| Financial assets at fair value through other comprehensive income | 544,224.89a | 292,869.29a |
| Public debt securities | 537,189.33a | 286,537.02a |
| Equity instruments | 301.72a | 186.18a |
| Other financial assets | 6,733.84a | 6,146.08a |
| Derivative financial assets | 26,447.48a | 29,258.62a |
| Derivative financial assets at fair value through profit or loss | 26,447.48a | 29,258.62a |
| Derivative financial assets at fair value through other comprehensive income | 0a | 0a |
| Financial assets measured at amortised cost (Net) | 2,408,977.87a | 1,843,387.66a |
| Loans | 2,039,257.66a | 1,504,471.89a |
| Receivables from leasing transactions | 24,475.29a | 19,753.67a |
| Factoring receivables | 32,521.94a | 37,554.2a |
| Financial assets measured at amortised cost | 382,597.1a | 344,373a |
| Public debt securities | 381,887.2a | 343,984.87a |
| Other financial assets | 709.9a | 388.14a |
| Allowance for expected credit losses (-) | 69,874.11a | 62,765.1a |
| Non-currents assets or disposal groups held for sale and from discontinued operations (Net) | 1,076.2a | 262.73a |
| Held for sale purpose | 1,076.2a | 262.73a |
| Related to discontinued operations | 0a | 0a |
| Investments in associates, subsidiaries and joint ventures | 11,230.61a | 8,027.1a |
| Investments in associates (Net) | 8,388.77a | 6,089.06a |
| Associates accounted by using equity method | 3,036.82a | 1,992.06a |
| Unconsolidated associates | 5,351.95a | 4,097a |
| Investments in subsidiaries (Net) | 2,841.85a | 1,938.04a |
| Unconsolidated financial subsidiaries | 0a | 0a |
| Unconsolidated non-financial subsidiaries | 2,841.85a | 1,938.04a |
| Jointly controlled partnerships (Joint ventures) (Net) | 0a | 0a |
| Jointly controlled partnerships accounted by using equity method | 0a | 0a |
| Unconsolidated jointly controlled partnerships | 0a | 0a |
| Property and equipment (Net) | 40,190.66a | 26,574.8a |
| Intangible assets and goodwill (Net) | 1,349.5a | 920.67a |
| Goodwill | 3.29a | 9.74a |
| Other | 1,346.21a | 910.93a |
| Investment properties (Net) | 18,803.79a | 8,871.05a |
| Current tax assets | 884.33a | 6.14a |
| Deferred tax assets | 4,898.66a | 11,124.73a |
| Other assets (Net) | 63,310.5a | 82,909.02a |
| Total assets | 4,093,575.48a | 2,859,246.23a |
| Liabilities and equity | — | — |
| Deposits | 2,559,710.53a | 1,979,465.65a |
| Borrowings | 296,153.19a | 240,141.42a |
| Money market funds | 508,558.31a | 137,362.11a |
| Marketable securities issued (Net) | 213,701.28a | 121,288.21a |
| Bills | 11,870.41a | 4,122.57a |
| Asset backed securities | 0a | 0a |
| Bonds | 201,830.88a | 117,165.64a |
| Funds | 3.01a | 3.01a |
| Borrower funds | 0a | 0a |
| Other | 3.01a | 3.01a |
| Financial liabilities at fair value through profit or loss | 0a | 0a |
| Derivative financial liabilities | 6,810.17a | 5,766.4a |
| Derivative financial liabilities at fair value through profit or loss | 6,810.17a | 5,766.4a |
| Derivative financial liabilities at fair value through other comprehensive income | 0a | 0a |
| Factoring payables | 0.38a | 0.09a |
| Lease payables (Net) | 5,432.05a | 2,872.56a |
| Provisions | 28,448.84a | 22,465.36a |
| Provision for restructuring | 0a | 0a |
| Reserves for employee benefits | 10,809.85a | 7,223.27a |
| Insurance technical reserves (Net) | 0a | 0a |
| Other provisions | 17,638.99a | 15,242.09a |
| Current tax liabilities | 11,014.33a | 12,096.63a |
| Deferred tax liabilities | 2,165.64a | 118.17a |
| Liabilities related to non-current assets held for sale and discontinued operations (Net) | 0a | 0a |
| Held for sale | 0a | 0a |
| Related to discontinued operations | 0a | 0a |
| Subordinated debt | 84,921.11a | 34,437.28a |
| Loans | 0a | 0a |
| Other debt instruments | 84,921.11a | 34,437.28a |
| Other liabilities | 140,457.92a | 122,353.65a |
| Shareholders` equity | 236,198.73a | 180,875.7a |
| Paid-in capital | 9,915.92a | 9,915.92a |
| Capital reserves | 46,120.31a | 45,162.98a |
| Equity share premiums | 45,601.51a | 45,589.99a |
| Share cancellation profits | 0a | 0a |
| Other capital reserves | 518.79a | -427.01a |
| Other accumulated comprehensive income that will not be reclassified in profit or loss | 21,373.08a | 15,231.61a |
| Other accumulated comprehensive income that will be reclassified in profit or loss | 2,884.21a | 7,640.7a |
| Profit reserves | 89,454.14a | 62,087.8a |
| Legal reserves | 9,670.48a | 6,921.82a |
| Statutory reserves | 6.34a | 6.34a |
| Extraordinary reserves | 78,033.6a | 53,440.44a |
| Other profit reserves | 1,743.72a | 1,719.21a |
| Profit or loss | 56,354.16a | 35,229.09a |
| Prior years' profits or losses | 7,161.32a | 3,573.15a |
| Current period net profit or loss | 49,192.84a | 31,655.93a |
| Minority interests | 10,096.92a | 5,607.6a |
| Total liabilities and equity | 4,093,575.48a | 2,859,246.23a |
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