Yapı ve Kredi Bankası A.Ş.
Publicly announced unconsolidated financial statements and related disclosures at September 30, 2023 together with auditor's review report
(Convenience translation of publicly announced unconsolidated financial
statements and review report originally issued in Turkish, See
Note I. of Section three)
AUDITOR'S REVIEW REPORT ON INTERIM FINANCIAL INFORMATION
(Convenience translation of the independent auditor's review report originally issued in Turkish, See Note I of Section Three)
To the General Assembly of Yapı v e Kredi Bankası A .Ş.
Introduction
We hav e reviewed the unconsolidated balance sheet of Yapı ve Kredi Bankası A.Ş. ("the Bank") at
30 September 2023 and the related unconsolidated statement of profit or loss, unconsolidated statement of profit or loss and other comprehensive income, unconsolidated statement of changes in shareholders' equity, unconsolidated statement of cash flows and a summary of significant accounting policies and other explanatory notes to the unconsolidated financial statements for the nine-month-period then ended. The Bank Management is responsible for the preparation and fair presentation of interim financial information in accordance with the Banking Regulation and Supervision Agency ("BRSA") Accounting and Reporting Legislation which includes "Regulation on Accounting Applications for Banks and Safeguarding of Documents" published in the Official Gazette no.26333dated 1 November 2006, and other regulations on accounting records of Banks published by Banking Regulation and Supervision Agency and circulars and interpretations published by BRSA and Turkish Accounting Standard 34 "Interim Financial Reporting" for those matters not regulated by the aforementioned regulations. Our responsibility is to express a conclusion on these interim financial information based on our review.
Scope of Review
We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Limited Rev iew of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial reporting process, and applying analytical and other review procedures. A review of interim financial information is substantially less in scope than an independent audit performed in accordance with the Independent Auditing Standards and the objective of which is to express an opinion on the financial statements. Consequently, a review of the interim financial information does not provide assurance that the audit firm will be aware of all significant matters which would have been identified in an audit. Accordingly, we do not express an opinion.
Conclusion
Based on our review nothing has come to our attention that causes us to believe that the accompanying unconsolidated financial information does not present fairly in all material respects the financial position of Yapı ve Kredi Bankası A.Ş. at 30 September 2023 and its financial performance and its cash flows for the nine-month-period then ended in accordance with the BRSA Accounting and Financial Reporting Legislation.
Report on other regulatory requirements arising from legislation
Based on our review, nothing has come to our attention that causes us to believe that the financial information provided in the accompanying interim activity report in Section Seven, is not consistent with the reviewed unconsolidated financial statements and disclosures in all material respects.
Additional Paragraph for Convenience Translation:
BRSA Accounting and Financial Reporting Legislation explained in detail in Section Three differ from International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board including the application of IAS 29 - Financial Reporting in Hyperinflationary Economies as of
30 September 2023. Accordingly, the accompanying unconsolidated financial statements are not intended to present fairly the unconsolidated financial position, results of operations, changes in equity and cash flows of the Bank in accordance with IFRS.
PwC Bağımsız Denetim ve
Serbest Muhasebeci Mali Müşavirlik A.Ş.
Didem Demer Kaya, SMMM
Partner
Istanbul, 24 October 2023
Convenience translation of publicly announced unconsolidated interim financial statements andreview
report originally issuedin Turkish, See Note I. of Section three
THE UNCONSOLIDATED INTERIM FINANCIAL REPORT OF
YAPI VE KREDI BANKASI A.Ş. AS OF SEPTEMBER 30, 2023
Addre ss | :Yapı Kredi Plaza D Blok |
Levent 34330 İstanbul | |
Telephone | :0212 339 70 00 |
Fax | :0212 339 60 00 |
Website | :www.yapikredi.com.tr |
:financialreports@yapikredi.com.tr |
The unconsolidated financial report for the nine months which is prepared in accordance with the "Communiqué
Related to Publicly Announced Financial Statements of Banks and Explanations and Notes Related to these Financial Statements" as regulated by the Banking Regulation and Supervision Agency includes the following sections.
- GENERAL INFO RMATIO N ABO UT THE BANK
- UNCO NSOLIDATED FINANCIAL STATEMENTS O F THE BANK
∙ EXPLANATIO NS O N ACCO UNTING PO LICIES APPLIED IN THE RELATED PERIO D
∙ INFO RMATIO N RELATED TO FINANCIAL PO SITIO N AND RISK MANAGEMENT O F THE BANK
- EXPLANATIO NS AND NO TES RELATED TO UNCO NSOLIDATED FINANCIAL STATEMENTS
- INDEPENDENT AUDITO R'S REVIEW REPO RT
- INTERIM ACTIVITY REPO RT
The accompanying unconsolidated financial statements for the nine months period, related disclosures and footnotes which have been limitedly reviewed and presented in this report are prepared in accordance with the Regulation on Accounting Applications for Banks and Safeguarding of Documents, Turkish Accounting Standards, Turkish Financial Reporting Standards, the related statements and guidances, and in compliance with the financial records of the Bank, and unless stated otherwise, presented in thousands of Turkish Lira (TL).
Y. Ali KO Ç | Gökhan ERÜN | Demir KARAASLAN | Barış SAVUR |
Chairman of the | Executive Director and | Chief Financial O fficer | Financial Reporting and |
Board of Directors | CEO | Accounting Executive Vice President |
Dr. Ahmet ÇİMENO ĞLU | Nevin İPEK |
Chairman of the Audit | Member of the Audit |
Committee | Committee |
Contact information of the personnel in charge of the addressing of questions about this financial report: Name -Surname /Title : Cengiz T İMUROĞLU / Balance Sheet Management and Financial Analysis Manager
Telephone | : 0212 339 77 67 |
Fax | : 0212 339 61 05 |
Section one - G eneral information
1. | History of the Bank including its incorporation date, initial legal status and amendments to legal status, if any | 1 |
2. Explanation about the Bank's capital structure, shareholders holding directly or indirectly, collectively or i ndividually, the management and
controlling power and changes in current year, if any and explanations on the controlling group of the Bank | 1 | |
3. | Explanations regarding the board of directors, members of the audit committee, chief executive officer and executive vice pre sidents | and their areas |
of responsibility and shares if any | 2 | |
4. | Information on the individual and corporate shareholders having control shares of the Bank | 3 |
5. | Summary information on the Bank's activities and service types | 3 |
6. Differences between the communiqué on preparation of consolidated financial statements of Banks and Turkish Accounting Standards and short
explanation about the entities subject to full consolidation or proportional consolidation and entities which are deducted fr om equity or entities which | |
are not included in these three methods | 3 |
7. The existing or potential, actual or legal obstacles on the immediate transfer of shareholder's equity between the Bank and i ts subsidiaries or
reimbursement of liabilities | 3 | |
Section two - Unconsolidated financial statements | ||
1. | Balance sheet (Statement of Financial Position) | 4 |
2. | Off-balance sheet commitments | 6 |
3. | Statements of profit or loss | 7 |
4. | Statement of profit or loss and other comprehensive income | 9 |
5. | Statement of changes in shareholders' equity | 10 |
6. | Statement of cash flows | 12 |
Section three - Accounting policies | ||
1. | Explanations on basis of presentation | 13 |
2. | Explanations on strategy of using financial instruments and foreign currency transactions | 14 |
3. | Explanations on investments in associates, subsidiaries and joint ventures | 14 |
4. | Explanations on forward and option contracts and derivative instruments | 15 |
5. | Explanations on interest income and expense | 17 |
6. | Explanations on fee and commission income and expense | 17 |
7. | Explanations on financial assets | 17 |
8. | Explanations on impairment of financial assets | 21 |
9. | Explanations on offsetting financial assets | 23 |
10. | Explanations on sales and repurchase agreements and securities lending transactions | 23 |
11. | Information on assets held for resale and related to discontinued operations and explanations on liabilities related with these assets | 23 |
12. | Explanations on goodwill and other intangible assets | 24 |
13. | Explanations on property and equipment | 24 |
14. | Explanations on leasing transactions | 25 |
15. | Explanations on provisions, contingent asset and liabilities | 25 |
16. | Explanations on obligations related to employee benefits | 25 |
17. | Explanations on taxation | 27 |
18. | Explanations on borrowings | 28 |
19. | Explanations on issuance of share certificates | 28 |
20. | Explanations on avalized drafts and letter of acceptances | 29 |
21. | Explanations on government grants | 29 |
22. | P rofit reserves and profit distribution | 29 |
23. | Earnings per share | 29 |
24. | Related parties | 29 |
25. | Explanations on operating segments | 29 |
26. | Explanations on other matters | 29 |
Section f our - Financial Position and Risk Management | ||
1. | Explanations on equity | 30 |
2. | Explanations on risk management | 34 |
3. | Explanations on currency risk | 35 |
4. | Explanations on interest rate risk | 36 |
5. | Explanation on share certificates position risk from banking book | 38 |
6. | Explanations on liquidity risk management and liquidity coverage ratio | 38 |
7. | Explanations on leverage ratio | 43 |
8. | Explanations on hedge accounting | 43 |
9. | Explanations on the activities carried out on behalf of ot hers and fiduciary transactions | 45 |
10. | Explanations on operating segments | 46 |
Section f ive - Explanations and notes related to unconsolidated financial statements | ||
1. | Explanations and notes related to assets | 48 |
2. | Explanations and notes related to liabilities | 58 |
3. | Explanations and notes related to off-balance sheet accounts | 63 |
4. | Explanations and notes related to income statement | 64 |
5. | Explanations and notes related to the Bank's risk group | 68 |
6. | Explanations and notes related to subsequent events | 68 |
Section six - Explanations on independent audit review report | ||
1. | Explanations on independent auditor's review report | 69 |
2. | Explanations and notes prepared by independent auditor | 69 |
Section seven - Information on interim activity report | ||
1. | Interim activity report which also contains the evaluation of the Chairman and the CEO of the Bank about the interim period a ctivities | 70 |
(Convenience translation of publicly announced unconsolidated financial statements originally issued in Turkish, see in note 1. of section three)
Yapı ve Kredi Bankası A.Ş.
Notes to unconsolidatedfinancial statements as of September 30, 2023
(Unless otherwise stated amounts are expressed in thousands of Turkish Lira (" TL"))
Section one
General Information
-
History of the Bank including its incorporation date, initial legal status and amendments to legal status, if any:
Yapı ve Kredi Bankası A.Ş. ("the Bank" or "Yapı Kredi"), was established and started operations on September 9,
1944 with the permission of the Council of Ministers No. 3/6710 as a private capital commercial bank authorised to perform all banking, economic, financial and commercial activities which are allowed by the laws of the Turkish Republic. The statute of the Bank has not changed since its incorporation. - Explanations about the Bank's capital structure, shareholders holding directly or indirectly, collectively or individually, the management and controlling power and changes in current year, if any and explanations on the controlling groupof the Bank:
Bank's publicly traded shares are traded on the Borsa Istanbul ("BIST") since 1987. As of September 30, 2023, 38,83% of the shares of the Bank are publicly traded (December 31, 2022 - 32,03%). 40,95% of the shares out of the remaining 61,17% is owned by Koç Finansal Hizmetler A.Ş. ("KFS") which is owned by Koç Group, 20,22% is owned by Koç Holding A.Ş.
KFS was established on March 16, 2001 to combine Koç Group finance companies under one organisation and it became the main shareholder of Koçbank in 2002. On October 22, 2002, Koç Group established a strategic partnership with UniCredit Group ("UCG") over KFS.
In 2005, the Bank's shares that were owned by Çukurova Group Companies and the Saving Deposits Insurance Fund ("SDIF") were purchased by Koçbank. In 2006, Koçbank purchased additional shares of the Bank fromBIST and an investment fund and, during the same year, all rights, receivables, debts and liabilities of Koçbank were transferred to the Bank pursuant the merger of the two banks. As a result of the merger and the share transfer procedures in 2007 and of a capital increase by TL 920 million in 2008, KFS shares in the Bank increased to 81,80%. KFS shares increased to 81,90% with the capital increase by TL 4,1 billion in 2018.
As of November 30, 2019, Koç Group and UCG have reached a deal to exchange their shares in the Bank and KFS.
Accordingly all the shares of KFS, which was currently a joint venture, were transferred to Koç Group. Besides, after the shares were transferred, KFS held 40,95%, UCGheld 31,93% directly and Koç Group held a total of 49.99% directly and indirectly of the Bank shares and became controlling shareholder.
In addition, as of February 6, 2020, UniCredit also announced the placement of an 11,93% shares in Bank to institutional investors. The transaction has been completed on February 13, 2020. As a result UCG held directly 20,00% of the Bank shares.
In year 2021, UCG completed the sale of 2,00% shares in stock market and for the sale of remaining 18,00% shares UCG came to an agreement with Koç Group as per the Share Sale and Purchase Agreement relating to the sale of the Bank publicly disclosed as of November 30, 2019. Accordingly, it has been announced that Koç Group used its right of first offer for the sale of the Bank shares which are planned to be sold by UCG. The sale of the relevant shares was completed on April 1, 2022, and Koç Holding A.Ş.'s share ratio increased from9,02% to 27,02%.
As of July 28, 2023, Koç Holding A.Ş sold its 6,81% share in the Bank to institutional investors through off- exchange sale. After the sale, shareholding of Koç Holding A.Ş in the Bank decreased to 20,22%.
- 1 -
(Convenience translation of publicly announced unconsolidated financial statements originally issued in Turkish, see in note 1. of section three)
Yapı ve Kredi Bankası A.Ş.
Notes to unconsolidatedfinancial statements as of September 30, 2023
(Unless otherwise stated amounts are expressed in thousands of Turkish Lira (" TL"))
3. Explanations regarding the board of directors, members of the audit committee, Chief Executive Officer and executive vice presidents, and their areas of responsibility and shares if any:
As of September 30, 2023, the Bank's Board of Directors, Members of the Audit Committee, General Manager and Assistant General Managers are as follows.
Board of Directors Members:
Name | Responsibility | |
Y. Ali KOÇ | Chairman | |
Levent ÇAKIROĞLU | Vice Chairman | |
Gökhan ERÜN | Executive Director and CEO | |
A. Ümit TAFTALI | Member | |
Ahmet ÇİMENOĞLU | Independent Member | |
Ahmet Fadıl ASHABOĞLU | Member | |
Kemal UZUN | Member | |
Nevin İPEK | Independent Member | |
Polat ŞEN | Member | |
Virma SÖKMEN | Independent Member | |
Audit Committee Members: |
Name | Responsibility | ||
Ahmet ÇİMENOĞLU | Chairman | ||
Nevin İPEK | Member | ||
General Manager: | |||
Name | Responsibility | ||
Gökhan ERÜN | Executive Director and CEO | ||
Assistant General Managers (1): | |||
Name | Responsibility | ||
Abdullah GEÇER | Internal Audit | ||
Akif Cahit ERDOĞAN | Commercial and SME Banking Management | ||
Demir KARAASLAN | Financial Planning and Administration | ||
Mehmet Erkan AKBULUT | Credits | ||
Mehmet Erkan ÖZDEMİR | Compliance, Internal Control and Risk Management | ||
/ Consumer Relations Coordination Officer | |||
MuharremKaan ŞAKUL | Corporate Banking | ||
Özden ÖNALDI | Human Resources, Organization and Internal Services Management | ||
Saruhan YÜCEL | Treasury Management | ||
Serkan ÜLGEN | Retail Banking | ||
Uğur Gökhan ÖZDİNÇ | Technology, Data and Process Management | ||
Yakup DOĞAN | Limitless Banking |
- As of October 9, 2023, Hakan Kaya was appointed as Chief Legal Officer due to resignation of Cemal Aybars Sanal, Assistant General Manager responsible for Legal Management, as of September 22, 2023.
- 2 -
(Convenience translation of publicly announced unconsolidated financial statements originally issued in Turkish, see in note 1. of section three)
Yapı ve Kredi Bankası A.Ş.
Notes to unconsolidatedfinancial statements as of September 30, 2023
(Unless otherwise stated amounts are expressed in thousands of Turkish Lira (" TL"))
4. | Information on the individual and corporate shareholders having control shares of the Bank: | ||||||
Share amounts | Share | Paid-in capital | |||||
Name/Commercial title | (nominal) | percentage | (nominal) | Unpaid portion | |||
Koç Finansal Hizmetler A.Ş. | 3.459.065.642,23 | 40,95 | 3.459.065.642,23 | - | |||
Koç Holding A.Ş | 1.707.666.574,00 | 20,22 | 1.707.666.574,00 | - | |||
Koç Finansal Hizmetler A.Ş. is managed of Koç Group, and Temel Ticaret ve Yatırım A.Ş. | |||||||
5. | Summary information on the Bank's activities andservice types: | ||||||
The Bank's activities summarized from the section 3 of the articles of association are as follows. | |||||||
The Bank's purpose and subject matter, in accordance with the Banking Law, regulations and existing laws, include; | |||||||
| The execution of all banking activities, | ||||||
| The execution of all economic and financial activities which are allowed by the regulation, | ||||||
| The execution of the representation, attorney and agency activities related to the subjects written above, | ||||||
| The purchase and sale of share certificates, bonds and all the capital market instruments, in accordance with | ||||||
Capital Market Law and regulations. |
In case of necessity for performing activities which are useful and required but that are not specified in the articles of association, a Board of Directors' proposal is to be presented to the General Assembly. With the approval of the General Assembly the proposal becomes applicable, subject to the approvals required by law.
As of September 30, 2023, the Bank has 795 branches operating in Turkey and 1 branch in overseas (December 31, 2022 - 800 branches operating in Turkey, 1 branch in overseas).
As of September 30, 2023, the Bank has 15.584 employees (December 31, 2022 - 15.431 employees).
-
Differences between the Communiqué on Preparation of Consolidated Financial Statements of Banks and
Turkish Accounting Standards and short explanation about the entities subject to full consolidation or proportional consolidation and entities which are deducted from equity or entities which are not included in these three methods:
According to Communiqué on Preparation of Consolidated Financial Statements of Banks and Turkish Accounting Standards, Banque de Commerce et de Placements SA, one of the associates of the Bank is consolidated through
"Equity Method" in the consolidated financial statements of the Group. Allianz Yaşamve Emeklilik A.Ş., on which the Bank has indirect participation, is also consolidated through "Equity Method" in the consolidated financial statements of the Group.
Yapı Kredi Kültür Sanat Yayıncılık Tic. ve San. A.Ş., Enternasyonal Turizm Yatırım A.Ş., Yapı Kredi Teknoloji A.Ş. and Yapı Kredi Finansal Teknolojiler A.Ş. which are subsidiaries of the Bank, are not consolidated into the
Bank's consolidated financial statements in accordance with Communiqué on Preparation of Consolidated Financial
Statements since these entities are not financial institutions. All other subsidiaries are fully consolidated. - The existing or potential, actual or legal obstacles on the immediate transfer of shareholder's equity between the Bank and its subsidiaries or reimbursement of liabilities:
None.
- 3 -
(Convenience translation of publicly announced unconsolidated financial statements originally issued in Turkish, see in note 1. of section three)
Yapı ve Kredi Bankası A.Ş.
Unconsolidated financial statements as of September 30, 2023 andDecember 31, 2022
(Unless otherwise stated amounts are expressed in thousands of Turkish Lira (" TL"))
Section two - Unconsolidated financial statements
1. Balance sheet (Statement of Financial Position)
I.
1.1
- 1
- 2
- 3
-
4
1.2 - 1
- 2
-
3
1.3 - 1
- 2
-
3
1.4 - 1
-
2
II.
2.1
2.2
2.3
2.4
- 1
-
2
2.5 III.
3.1
3.2
IV.
4.1
- 1
-
2
4.2 - 1
-
2
4.3 - 1
-
2
V.
VI.
6.1
6.2
VII.
VIII.
IX.
X.
Current Period | Prior Period | ||||||||||
(30/09/2023) | (31/12/2022) | ||||||||||
ASSET | Note | ||||||||||
(Section five) | TL | FC | Total | TL | FC | Total | |||||
FINANCIAL ASSETS (Net) | 184.537.926 | 218.253.844 | 402.791.770 | 113.049.467 | 156.734.130 | 269.783.597 | |||||
Cash and Cash Equivalents | 1.1 | 107.480.818 | 177.343.344 | 284.824.162 | 42.404.472 | 129.912.724 | 172.317.196 | ||||
Cash and Balances with Central Bank | 105.689.903 | 150.892.571 | 256.582.474 | 35.736.034 | 108.160.096 | 143.896.130 | |||||
Banks | 1.4.1 | 976 | 22.997.594 | 22.998.570 | 4.303 | .372 | 22.102.594 | 26.405.966 | |||
Money Markets | 1.4.2 | 1.795 | .237 | 4.187.963 | 5.983 | .200 | 2.461 | .599 | - | 2.461 | .599 |
Provisions for Expected Losses (-) | 5.298 | 734.784 | 740 | .082 | 96.533 | 349.966 | 446 | .499 | |||
Financial Assets Measured at Fair Value Through Profit Or Loss | 1.2 | 1.886 | 2.370.204 | 2.372 | .090 | 31.895 | 1.533.562 | 1.565 | .457 | ||
Government debt securities | - | 503.141 | 503 | .141 | - | 365.229 | 365 | .229 | |||
Share certificates | - | - | - | - | - | - | |||||
Other financial assets | 1.886 | 1.867.063 | 1.868 | .949 | 31.895 | 1.168.333 | 1.200 | .228 | |||
Financial Assets Measured at Fair Value Through Other Comprehensive Income | 1.5,1.6 | 64.933.344 | 27.378.721 | 92.312.065 | 60.355.860 | 16.987.893 | 77.343.753 | ||||
Government debt securities | 62.826.577 | 27.369.638 | 90.196.215 | 58.487.789 | 16.981.656 | 75.469.445 | |||||
Share certificates | 115 | .685 | 9.083 | 124 | .768 | 100 | .138 | 6.237 | 106 | .375 | |
Other financial assets | 1.991 | .082 | - | 1.991 | .082 | 1.767 | .933 | - | 1.767 | .933 | |
Derivative Financial Assets | 1.3 | 12.121.878 | 11.161.575 | 23.283.453 | 10.257.240 | 8.299.951 | 18.557.191 | ||||
Derivative financial assets measured at fair value through profit or loss | 9.199 | .408 | 6.856.999 | 16.056.407 | 6.599 | .170 | 4.600.024 | 11.199.194 | |||
Derivative financial assets measured at fair value through other comprehensive income | 2.922 | .470 | 4.304.576 | 7.227 | .046 | 3.658 | .070 | 3.699.927 | 7.357 | .997 | |
FINANCIAL ASSETS MEASURED AT AMORTISED COST (Net) | 728.318.468 | 298.975.891 | 1.027.294.359 | 506.887.704 | 226.465.024 | 733.352.728 | |||||
Loans | 1.7 | 572.577.830 | 215.161.713 | 787.739.543 | 432.703.419 | 171.737.805 | 604.441.224 | ||||
Receivables From Leasing Transactions (Net) | 1.12 | - | - | - | - | - | - | ||||
Factoring Receivables | 797 | .072 | 8.967 | 806 | .039 | 1.671 | .378 | 1.725 | 1.673 | .103 | |
Financial Assets Measured at Amortised Cost | 1.8 | 181.859.516 | 98.369.023 | 280.228.539 | 96.448.465 | 66.852.133 | 163.300.598 | ||||
Government debt securities | 179.164.568 | 98.369.023 | 277.533.591 | 96.117.661 | 66.852.133 | 162.969.794 | |||||
Other financial assets | 2.694 | .948 | - | 2.694 | .948 | 330 | .804 | - | 330 | .804 | |
Provisions for Expected Losses (-) | 26.915.950 | 14.563.812 | 41.479.762 | 23.935.558 | 12.126.639 | 36.062.197 | |||||
ASSETS HELD FOR RESALE AND RELATED TO DISCONTINUED | |||||||||||
OPERATIONS (Net) | 1.15 | 1.034 | .440 | - | 1.034 | .440 | 1.035 | .873 | - | 1.035 | .873 |
Held for Sale Purposes | 1.034 | .440 | - | 1.034 | .440 | 1.035 | .873 | - | 1.035 | .873 | |
Related to Discontinued Operations | - | - | - | - | - | - | |||||
INVESTMENTS IN ASSOCIATES, SUBSIDIARIES AND JOINT VENTURES | 11.248.556 | 21.429.611 | 32.678.167 | 7.559 | .181 | 13.289.276 | 20.848.457 | ||||
Investments in Associates (net) | 1.9 | 38.446 | 4.859.140 | 4.897 | .586 | 38.446 | 2.871.962 | 2.910 | .408 | ||
Consolidated based on Equity Method | - | - | - | - | - | - | |||||
Unconsolidated | 38.446 | 4.859.140 | 4.897 | .586 | 38.446 | 2.871.962 | 2.910 | .408 | |||
Subsidiaries (Net) | 1.10 | 11.210.110 | 16.570.471 | 27.780.581 | 7.520 | .735 | 10.417.314 | 17.938.049 | |||
Unconsolidated Financial Subsidiaries | 11.177.794 | 16.570.471 | 27.748.265 | 7.488 | .419 | 10.417.314 | 17.905.733 | ||||
Unconsolidated Non -Financial Subsidiaries | 32.316 | - | 32.316 | 32.316 | - | 32.316 | |||||
Joint Ventures (Net) | 1.11 | - | - | - | - | - | - | ||||
Consolidated based on Equity Method | - | - | - | - | - | - | |||||
Unconsolidated | - | - | - | - | - | - | |||||
PROPERTY AND EQUIPMENT (Net) | 11.259.832 | - | 11.259.832 | 9.846 | .677 | - | 9.846 | .677 | |||
INTANGIBLE ASSETS [Net] | 1.560 | .082 | - | 1.560 | .082 | 1.206 | .951 | - | 1.206 | .951 | |
Goodwill | - | - | - | - | - | - | |||||
Other | 1.560 | .082 | - | 1.560 | .082 | 1.206 | .951 | - | 1.206 | .951 | |
INVESTMENT PROPERTY (Net) | 1.13 | - | - | - | - | - | - | ||||
CURRENT TAX ASSETS | - | - | - | - | - | - | |||||
DEFERRED TAX ASSETS | 1.14 | 2.967 | .093 | - | 2.967 | .093 | 5.146 | .976 | - | 5.146 | .976 |
OTHER ASSETS | 1.16 | 50.902.383 | 34.301.301 | 85.203.684 | 37.935.135 | 28.937.199 | 66.872.334 | ||||
TOTAL ASSETS | 991.828.780 | 572.960.647 | 1.564.789.427 | 682.667.964 | 425.425.629 | 1.108.093.593 | |||||
The accompanying explanations and notes forman integral part of these financial statements.
- 4 -
(Convenience translation of publicly announced unconsolidated financial statements originally issued in Turkish, see in note 1. of section three)
Yapı ve Kredi Bankası A.Ş.
Unconsolidated financial statements as of September 30, 2023 andDecember 31, 2022
(Unless otherwise stated amounts are expressed in thousands of Turkish Lira (" TL"))
1. Balance sheet (Statement of Financial Position)
Current Period | Prior Period | |||||||||||
(30/09/2023) | (31/12/2022) | |||||||||||
Note | ||||||||||||
(Section | ||||||||||||
LIABILITIES | five) | TL | FC | Total | TL | FC | Total | |||||
I. | DEPOSITS | 2.1 | 578.149.074 | 368.507.514 | 946.656.588 | 387.420.825 | 285.344.493 | 672.765.318 | ||||
II. | BORROWINGS | 2.3.1 | 1 | .732.852 | 108.967.349 | 110.700.201 | 1.777 | .296 | 68.271.124 | 70.048.420 | ||
III. | MONEY MARKETS | 35.477.717 | 32.358.314 | 67.836.031 | 28.114.263 | 7.400.223 | 35.514.486 | |||||
IV. | MARKETABLE SECURITIES ISSUED (Net) | 2.3.4 | 6 | .768.612 | 55.408.889 | 62.177.501 | 8.072 | .854 | 32.467.470 | 40.540.324 | ||
4.1 | Bills | 6 | .365 | .683 | 5.919.058 | 12.284.741 | 7.407 | .273 | 2.031.595 | 9.438.868 | ||
4.2 | Asset backed Securities | - | - | - | - | - | - | |||||
4.3 | Bonds | 402 | .929 | 49.489.831 | 49.892.760 | 665 | .581 | 30.435.875 | 31.101.456 | |||
V. | FUNDS | - | - | - | - | - | - | |||||
5.1 | Borrower Funds | - | - | - | - | - | - | |||||
5.2 | Other | - | - | - | - | - | - | |||||
VI. | FINANCIAL LIABILITIES MEASURED AT FAIR VALUE THROUGH | |||||||||||
PROFIT OR LOSS | 2.3.3.2 | 480.231 | 66.708.559 | 67.188.790 | 687 | .777 | 36.551.882 | 37.239.659 | ||||
VII. | DERIVATIVE FINANCIAL LIABILITIES | 2.2 | 6 | .644 | .898 | 8.711.465 | 15.356.363 | 7.906 | .985 | 5.867.022 | 13.774.007 | |
7.1 | Derivative liabilities measured at fair value through profit or loss | 6 | .626 | .706 | 8.711.465 | 15.338.171 | 7.874 | .635 | 5.867.022 | 13.741.657 | ||
7.2 | Derivative liabilities measured at fair value through other comprehensive income | 18.192 | - | 18.192 | 32.350 | - | 32.350 | |||||
VIII. | FACTORING PAYABLES | - | - | - | - | - | - | |||||
IX. | LEASE PAYABLES (Net) | 2.5 | 2 | .811 | .640 | 33.870 | 2.845.510 | 1.833 | .056 | 22.335 | 1.855.391 | |
X. | PROVISIONS | 2.6 | 9 | .778 | .530 | 1.495.199 | 11.273.729 | 9.883 | .862 | 1.200.279 | 11.084.141 | |
10 | .1 | Provisions for Restructuring | - | - | - | - | - | - | ||||
10 | .2 | Provisions for Employee Benefits | 2.6.1 | 3 | .489.738 | - | 3.489.738 | 3.181 | .053 | - | 3.181.053 | |
10 | .3 | Insurance Technical Provisions (Net) | - | - | - | - | - | - | ||||
10 | .4 | Other Provisions | 2.6.3 | 6 | .288.792 | 1.495.199 | 7.783.991 | 6.702 | .809 | 1.200.279 | 7.903.088 | |
XI. | CURRENT TAX LIABILITIES | 2.7 | 5 | .600 | .993 | - | 5.600.993 | 5.598 | .484 | - | 5.598.484 | |
XII. | DEFERRED TAX LIABILITIES | - | - | - | - | - | - | |||||
LIABILITIES FOR PROPERTY AND EQUIPMENT HELD FOR SALE AND | ||||||||||||
XIII. | RELATED TO DISCONTINUED OPERATIONS (Net) | 2.8 | - | - | - | - | - | - | ||||
13 | .1 | Held for Sale | - | - | - | - | - | - | ||||
13 | .2 | Related to Discontinued Operations | - | - | - | - | - | - | ||||
XIV. | SUBORDINATED DEBT | 2.9 | 1 | .051 | .222 | 39.610.820 | 40.662.042 | 725 | .201 | 38.663.031 | 39.388.232 | |
14 | .1 | Loans | - | 7.412.304 | 7.412.304 | - | 16.059.998 | 16.059.998 | ||||
14 | .2 | Other Facilities | 1 | .051 | .222 | 32.198.516 | 33.249.738 | 725 | .201 | 22.603.033 | 23.328.234 | |
XV. | OTHER LIABILITIES | 2.4 | 60.397.099 | 11.890.998 | 72.288.097 | 44.251.681 | 9.777.060 | 54.028.741 | ||||
XVI. | SHAREHOLDERS' EQUITY | 2.10 | 141.681.897 | 20.521.685 | 162.203.582 | 112.577.247 | 13.679.143 | 126.256.390 | ||||
16 | .1 | Paid in Capital | 8 | .447 | .051 | - | 8.447.051 | 8.447 | .051 | - | 8.447.051 | |
16 | .2 | Capital Reserves | 2 | .227 | .873 | - | 2.227.873 | 2.176 | .031 | - | 2.176.031 | |
16 | .2.1 | Share Premium | 556 | .937 | - | 556.937 | 556 | .937 | - | 556.937 | ||
16 | .2.2 | Share Cancellation Profits | - | - | - | - | - | - | ||||
16 | .2.3 | Other Capital Reserves | 1 | .670 | .936 | - | 1.670.936 | 1.619 | .094 | - | 1.619.094 | |
16 | .3 | Other accumulated comprehensive income that will not be reclassified in profit or loss | 4 | .196 | .179 | 548.511 | 4.744.690 | 2.735 | .650 | 438.666 | 3.174.316 | |
16 | .4 | Other accumulated comprehensive income that will be reclassified in profit or loss | (7.819.725) | 19.973.174 | 12.153.449 | 5.342 | .905 | 13.240.477 | 18.583.382 | |||
16 | .5 | Profit Reserves | 85.928.315 | - | 85.928.315 | 41.130.921 | - | 41.130.921 | ||||
16 | .5.1 | Legal Reserves | 2 | .496 | .040 | - | 2.496.040 | 1.747 | .175 | - | 1.747.175 | |
16 | .5.2 | Statutory reserves | - | - | - | - | - | - | ||||
16 | .5.3 | Extraordinary Reserves | 83.431.233 | - | 83.431.233 | 39.383.386 | - | 39.383.386 | ||||
16 | .5.4 | Other Profit Reserves | 1.042 | - | 1.042 | 360 | - | 360 | ||||
16 | .6 | Profit or loss | 48.702.204 | - | 48.702.204 | 52.744.689 | - | 52.744.689 | ||||
16 | .6.1 | Prior years' profits or losses | - | - | - | - | - | - | ||||
16 | .6.2 | Current period net profit or loss | 48.702.204 | - | 48.702.204 | 52.744.689 | - | 52.744.689 | ||||
TOTAL LIABILITIES | 850.574.765 | 714.214.662 | 1.564.789.427 | 608.849.531 | 499.244.062 | 1.108.093.593 |
The accompanying explanations and notes forman integral part of these financial statements.
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Yapi ve Kredi Bankasi AS published this content on 24 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2023 07:09:40 UTC.