Turkiye Gdr Rgs Regulatory News (TIBD)

28 Feb 2007 14:47

Turkiye Is Bankasi28 February 2007 This is an amendment to RNS announcement No. 0117S (at 10:39 am) on FinalResults of Turkiye Is Bankasi A.S., due to changes and additions. TURKIYE IS BANKASI A.S. TRY THOUSANDUNCONSOLIDATED BALANCE SHEET CURRENT PERIOD PREVIOUS PERIODASSETS ( 31/12/2006) ( 31/12/2005) TL FC Total TL FC TotalI. CASH AND BALANCES WITH THE CENTRAL BANK OF 3,055,130 2,540,976 5,596,106 3,593,135 2,685,507 6,278,642TURKEYII. FINANCIAL ASSETS AT FAIR VALUE THROUGH 293,429 45,413 338,842 850,254 166,505 1,016,759PROFIT AND LOSS (Net)2.1. Trading Financial Assets 254,766 44,926 299,692 848,928 156,294 1,005,2222.1.1. Government Debt Securities 251,377 35,387 286,764 845,729 149,157 994,8862.1.2. Securities Representing Share in Equity 110 0 110 153 0 1532.1.3. Other Marketable Securities 3,279 9,539 12,818 3,046 7,137 10,1832.2. Financial Assets Classified at Fair Value 0 0 0 0 0 0Through Profit and Loss2.2.1. Government Debt Securities 0 0 0 0 0 02.2.2. Securities Representing Share in Equity 0 0 0 0 0 02.2.3. Other Marketable Securities 0 0 0 0 0 02.3. Trading Derivative Financial Assets 38,663 487 39,150 1,326 10,211 11,537III. BANKS AND OTHER FINANCIAL INSTITUTIONS 67,702 6,385,961 6,453,663 49,448 4,003,256 4,052,704IV. RECEIVABLES FROM INTERBANK MONEY MARKETS 0 0 0 1,777,642 0 1,777,6424.1. Interbank Money Market Placements 0 0 0 1,200,900 0 1,200,9004.2. Istanbul Stock Exchange Money Market 0 0 0 0 0 0Placements4.3. Receivables from Reverse Repurchase 0 0 0 576,742 0 576,742AgreementsV. FINANCIAL ASSETS AVAILABLE FOR SALE (Net) 14,151,427 11,868,318 26,019,745 10,899,555 10,142,774 21,042,3295.1. Securities Representing Share in Equity 13,441 0 13,441 13,683 0 13,6835.2. Government Debt Securities 14,137,986 11,012,050 25,150,036 10,885,872 9,496,078 20,381,9505.3. Other Marketable Securities 0 856,268 856,268 0 646,696 646,696VI. LOANS 22,352,733 7,465,583 29,818,316 16,785,706 5,072,896 21,858,6026.1. Loans 22,352,733 7,465,583 29,818,316 16,785,706 5,072,896 21,858,6026.2. Loans Under Follow-up 1,161,247 2,968 1,164,215 1,051,488 1,947 1,053,4356.3. Specific Provisions (-) 1,161,247 2,968 1,164,215 1,051,488 1,947 1,053,435VII. FACTORING RECEIVABLES 0 0 0 0 0 0VIII. INVESTMENTS HELD TO MATURITY (Net) 0 0 0 318,926 0 318,9268.1. Government Debt Securities 0 0 0 318,926 0 318,9268.2. Other Marketable Securities 0 0 0 0 0 0IX. INVESTMENTS AND ASSOCIATES (Net) 785,129 0 785,129 825,888 0 825,8889.1. Investments and Associates Consolidated 0 0 0 0 0 0under Equity Method9.2. Unconsolidated Investments and Associates 785,129 0 785,129 825,888 0 825,8889.2.1. Financial Investments and Associates 48,895 0 48,895 48,895 0 48,8959.2.2. Non-Financial Investments and Associates 736,234 0 736,234 776,993 0 776,993X. SUBSIDIARIES (Net) 3,864,385 45,493 3,909,878 3,847,469 83,037 3,930,50610.1. Unconsolidated Financial Subsidiaries 1,834,724 45,493 1,880,217 1,836,960 83,037 1,919,99710.2. Unconsolidated Non-Financial Subsidiaries 2,029,661 0 2,029,661 2,010,509 0 2,010,509XI. JOINTLY CONTROLLED ASSOCIATES (Net) 0 0 0 0 0 011.1. Jointly Controlled Associates 0 0 0 0 0 0Consolidated under Equity Method11.2. Unconsolidated Jointly Controlled 0 0 0 0 0 0Associates11.2.1. Financial Jointly Controlled Associates 0 0 0 0 0 011.2.2. Non-Financial Jointly Controlled 0 0 0 0 0 0AssociatesXII. LEASE RECEIVABLES (Net) 0 0 0 0 0 012.1. Financial Lease Receivables 0 0 0 0 0 012.2. Operational Lease Receivables 0 0 0 0 0 012.3. Other 0 0 0 0 0 012.4. Unearned Income ( - ) 0 0 0 0 0 0XIII. DERIVATIVE FINANCIAL ASSETS FOR HEDGING 0 0 0 0 0 013.1. Fair Value Hedging 0 0 0 0 0 013.2. Cash Flow Hedging 0 0 0 0 0 013.3. Net Foreign Investment Hedging 0 0 0 0 0 0XIV. PROPERTY AND EQUIPMENT (Net) 1,762,634 3,703 1,766,337 1,758,632 3,472 1,762,104XV. INTANGIBLE ASSETS (Net) 15,328 0 15,328 1 0 115.1. Goodwill 0 0 0 0 0 015.2. Other 15,328 0 15,328 1 0 1XVI. TAX ASSETS 263,707 0 263,707 379,488 0 379,48816.1. Current Tax Assets 0 0 0 0 0 016.2. Deferred Tax Assets 263,707 0 263,707 379,488 0 379,488XVII. ASSETS HELD FOR SALE (Net) 14,843 0 14,843 0 0 0XIX. OTHER ASSETS 173,018 49,846 222,864 107,149 404,050 511,199TOTAL ASSETS 46,799,465 28,405,293 75,204,758 41,193,293 22,561,497 63,754,790 TURKIYE IS BANKASI A.S. UNCONSOLIDATED TRY THOUSANDBALANCE SHEET CURRENT PERIOD PREVIOUS PERIODLIABILITIES ( 31/12/2006) ( 31/12/2005) TL FC Total TL FC TotalI. DEPOSITS 28,288,192 18,111,163 46,399,355 21,841,005 15,380,818 37,221,823II. TRADING DERIVATIVE FINANCIAL 151 45,018 45,169 2,841 38,750 41,591LIABILITIESIII. FUNDS BORROWED 2,952,181 7,577,774 10,529,955 1,720,147 6,584,202 8,304,349IV. INTERBANK MONEY MARKET PAYABLES 1,965,086 3,399,167 5,364,253 4,179,136 1,514,059 5,693,1954.1. Interbank Money Market Payables 0 0 0 0 0 04.2. Istanbul Stock Exchange Money Market 0 0 0 0 0 0Payables4.3. Funds Provided Under Repurchase 1,965,086 3,399,167 5,364,253 4,179,136 1,514,059 5,693,195AgreementsV. MARKETABLE SECURITIES ISSUED (Net) 0 0 0 0 0 05.1. Bills 0 0 0 0 0 05.2. Asset-backed Securities 0 0 0 0 0 05.3. Bonds 0 0 0 0 0 0VI. FUNDS 0 0 0 0 0 0VII. MISCELLANEOUS PAYABLES 1,033,264 124,037 1,157,301 783,316 84,086 867,402VIII. OTHER EXTERNAL RESOURCES 46,490 98,484 144,974 69,656 220,875 290,531IX. FACTORING PAYABLES 0 0 0 0 0 0X. LEASE PAYABLES (Net) 0 72,311 72,311 0 55,877 55,87710.1. Financial Lease Payables 0 80,328 80,328 0 60,820 60,82010.2. Operational Lease Payables 0 0 0 0 0 010.3. Other 0 0 0 0 0 010.4. Deferred Financial Lease Expenses ( 0 8,017 8,017 0 4,943 4,943- )XI. DERIVATIVE FINANCIAL LIABILITIES FOR 0 0 0 0 0 0HEDGING11.1. Fair Value Hedging 0 0 0 0 0 011.2. Cash Flow Hedging 0 0 0 0 0 011.3. Net Foreign Investment Hedging 0 0 0 0 0 0XII. PROVISIONS 1,735,826 107,321 1,843,147 1,578,777 111,745 1,690,52212.1. General Provisions 216,550 458 217,008 148,827 436 149,26312.2. Provision for Restructuring 0 0 0 0 0 012.3. Reserves for Employee Benefits 124,654 0 124,654 117,688 0 117,68812.4. Insurance Technical Reserves (Net) 0 0 0 0 0 012.5. Other Provisions 1,394,622 106,863 1,501,485 1,312,262 111,309 1,423,571XII. TAX LIABILITIES 237,974 161 238,135 301,441 129 301,57013.1. Current Tax Liabilities 237,974 161 238,135 301,441 129 301,57013.2. Deferred Tax Liabilities 0 0 0 0 0 0XIV. LIABILITIES HELD FOR SALE 0 0 0 0 0 0XV. SUBORDINATED LOANS 0 0 0 0 0 0XVI. SHAREHOLDERS' EQUITY 9,347,058 63,100 9,410,158 8,994,369 293,561 9,287,93016.1. Paid-in Capital 2,756,585 0 2,756,585 1,968,942 0 1,968,94216.2. Capital Reserves 3,284,465 63,100 3,347,565 4,079,260 293,561 4,372,82116.2.1. Share premium 3,694 0 3,694 3,694 0 3,69416.2.2. Share Cancellation Profits 0 0 0 0 0 016.2.3. Marketable Securities Value 1,303,280 63,100 1,366,380 1,704,254 293,561 1,997,815Increase Fund16.2.4. Revaluation Surplus on Tangible 0 0 0 0 0 0Fixed Assets16.2.5. Revaluation Surplus on Intangible 0 0 0 0 0 0Fixed Assets16.2.6. Bonus Shares from Investments and 0 0 0 0 0 0Associates, Subsidiaries and JointlyControlled Associates16.2.7. Hedge Funds (Effective Portion) 0 0 0 0 0 016.2.8. Revaluation Surplus on Assets 0 0 0 0 0 0Held for Trading Purposes16.2.9. Other Capital Reserves 1,977,491 0 1,977,491 2,371,312 0 2,371,31216.3. Profit Reserves 1,814,969 0 1,814,969 1,443,672 0 1,443,67216.3.1. Legal Reserves 923,041 0 923,041 848,152 0 848,15216.3.2. Status Reserves 0 0 0 0 0 016.3.3. Extraordinary Reserves 921,953 0 921,953 638,866 0 638,86616.3.4. Other Profit Reserves -30,025 0 -30,025 -43,346 0 -43,34616.4. Profit or Loss 1,491,039 0 1,491,039 1,502,495 0 1,502,49516.4.1. Prior Years' Profit/Loss 381,821 0 381,821 340,168 0 340,16816.4.2. Current Year Profit/Loss 1,109,218 0 1,109,218 1,162,327 0 1,162,327TOTAL LIABILITIES 45,606,222 29,598,536 75,204,758 39,470,688 24,284,102 63,754,790 TRY THOUSANDTURKIYE IS BANKASI A.S. INCOME STATEMENT CURRENT PERIOD PREVIOUS PERIOD ( 31/12/2006) ( 31/12/2005)I. INTEREST INCOME 7,575,211 5,400,6101.1. Interest Income on Loans 4,115,627 2,978,7791.2. Interest Received from Reserve Deposits 209,599 117,6921.3. Interest Received from Banks 147,778 46,9431.4. Interest Received from Money Market Transactions 19,603 12,2871.5. Interest Received from Marketable Securities Portfolio 2,961,990 2,127,8421.5.1. Trading Financial Assets 54,627 109,5631.5.2. Financial Assets at Fair Value Through Profit and Loss 0 01.5.3. Available-for-sale Financial Assets 2,879,224 1,996,8941.5.4. Held to Maturity Investments 28,139 21,3851.6. Financial Lease Income 0 01.7. Other Interest Income 120,614 117,067II. INTEREST EXPENSE 5,054,495 2,818,9372.1. Interest on Deposits 3,994,558 2,226,3402.2. Interest on Funds Borrowed 694,782 301,9662.3. Interest on Money Market Transactions 351,099 271,4732.4. Interest on Securities Issued 0 02.5. Other Interest Expense 14,056 19,158III. NET INTEREST INCOME (I - II) 2,520,716 2,581,673IV. NET FEES AND COMMISSIONS INCOME 1,044,657 893,8664.1. Fees and Commissions Received 1,153,896 1,006,4694.1.1. Cash Loans 96,308 58,1064.1.2. Non-cash Loans 81,705 69,8194.1.3. Other 975,883 878,5444.2. Fees and Commissions Paid 109,239 112,6034.2.1. Cash Loans 29,710 25,8334.2.2. Non-cash Loans 18 124.2.3. Other 79,511 86,758V. DIVIDEND INCOME 117,121 190,914VI. TRADING INCOME (NET) 63,870 249,0916.1. Profit/Losses on Trading Account Securities 198,025 214,1836.2. Foreign Exchange Gains/Losses -134,155 34,908VII. OTHER OPERATING INCOME 651,324 845,096VIII. TOTAL OPERATING INCOME (III+IV+V+VI+VII) 4,397,688 4,760,640IX. PROVISION FOR LOAN LOSSES OR OTHER RECEIVABLES (-) 909,161 805,517X. OTHER OPERATING EXPENSES (-) 1,857,939 2,099,301XI. NET OPERATING INCOME (VIII-IX-X) 1,630,588 1,855,822XII. EXCESS AMOUNT OF INCOME AFTER MERGER 0 0XIII. PROFIT/LOSSES FROM ASSOCIATES AND SUBSIDIARIES 0 0CONSOLIDATED UNDER EQUITY METHODXIV. NET MONETARY POSITION GAIN/LOSS 0 0XV. INCOME BEFORE TAXES (XI+XII+XIII+XIV) 1,630,588 1,855,822XVI. PROVISION FOR TAXES ON INCOME (+/-) 521,370 693,49616.1. Current Provision for Tax 280,719 743,42516.2. Deferred Provision for Tax 240,651 -49,929XVII. NET OPERATING INCOME/EXPENSE AFTER TAXES (XV +/- XVI) 0 117.1. Ceased Operations 0 017.2. Other 0 1XVIII. NET PERIOD PROFIT/LOSS (XVIII+XIX) 1,109,218 1,162,327Earnings/Losses per Share (in full TRY) 0.019855926 0.020806622 EXPLANATIONS RELATED TO ACCOUNTING POLICIES PRESENTATION OF FINANCIAL STATEMENTS The unconsolidated year-end financial statements and related disclosures andfootnotes in this report are prepared in accordance with the Turkish AccountingStandards and the Regulation on Accounting Practice for Banks and Safeguardingof Documents. The accounting policies and the valuation principles used in the preparation ofthe financial statements are presented in detail below: The accounting principles and valuation methods used in the preparation of theprior period financial statements are revised in compliance with the TurkishAccounting Standards and Turkish Financial Reporting Standards as per thecommunique no.1 "Frame for Preparation and Presentation of Financial Statements"of the Turkish Accounting Standards Board published on the Official Gazetteno.25702 dated 16 January 2005, as summarized below: 31.12.2005 31.12.2005 Income Statement Prior Years' Profit31.12.2005 net period profit/prior years' profit reported prior to 955,628 -TAS adjustmentsFinancial assets valuation differences (344,620) 1,067,450Adjustment for the forward sales of assets 168,627 -Adjustment for bonus shares from investments and associates 99,302 -Adjustment for profit from asset sales 141,300 -Adjustment for accounting of foreign participations 10,398 33,360Adjustment for short-term employee benefits (2,076) (85,019)Adjustment for the actual and technical deficit of Isbank Pension 204,722 (1,065,207)FundDeferred tax effects of adjustments (45) 389,584 1,233,236 340,168Current year profit on sale of real estates to be transferred to (70,909) -equity31.12.2005 net period profit/prior years' profit reported after TAS 1,162,327 340,168adjustments The expenses made by the credit card owners is followed under MiscallenousPayables Account starting from the sales date to the time that the payment ismade. In this context, TRY 488.033 in the financial reports as of 31.12.2005,is moved from the Commercial Deposits to the Miscellaneous Payables. TRY 505.793 of tax paid in advance shown under "Other Assets" in the financialstatements dated 31.12.2005, is netted by the Current Tax Payable underliabilities in the financial statements including comparisons with the currentperiod. Unless otherwise indicated, the phrase "Previous Period" means 31.12.2005 in theexplanations of the Balance Sheet and Off-Balance Sheet Commitments and theIncome Statement and the related notes. CAPITAL ADEQUACY STANDARD RATIO The Bank's capital adequacy ratio is 23.87 %. This ratio is considerably abovethe 8% minimum level stipulated by the relevant legislation. The capital adequacy standard ratio is calculated by risk weighting ofrisk-weighted assets and non-cash loans in accordance with the relevantlegislation, and by adding to the risk-weighted assets the value subject to riskdetermined by use of the Standard Method. Information related to capital adequacy ratio: Risk Weights Bank Only 0% 20% 50% 100%Amount Subject to Credit RiskBalance Sheet Items (Net) 33,017,480 6,457,200 13,399,269 21,940,292Cash 461,148 596 0 0Securities in Redemption 4,560 0 0 0The Central Bank of Turkey 3,316,102 0 0 0Domestic and Foreign Banks, Foreign Head 0 6,282,192 0 136,666Offices and BranchesInterbank Money Market Placements 0 0 0 0Receivables from Reverse Repo 0 0 0 0TransactionsReserve Deposits 1,749,062 0 0 0Loans 1,099,420 29,605 13,075,529 14,399,640Loans under Follow-Up (Net) 0 0 0 0Lease Receivables 0 0 0 0Marketable Securities Available-for-Sale 24,533,166 110,108 0 48,903Marketable Securities Held to Maturity 0 0 0 0Receivables from Forward Sale of Assets 0 0 0 500Miscellaneous Receivables 6 0 0 86,079Accrued Interest and Income 1,433,873 34,699 323,740 865,677Investments and Associates, Subsidiaries 0 0 0 4,592,119and Jointly-controlled AssociatesTangible Fixed Assets 0 0 0 1,749,065Other Assets 420,143 0 0 61,643Off Balance Sheet Items 43,324 1,957,529 431,583 5,432,171Non-cash Loans and Commitments 43,324 1,889,199 431,583 5,416,375Derivative Financial Instruments 0 68,330 0 15,796Non- Risk-Weighted Accounts 0 0 0 0Total Risk Weighted Assets 33,060,804 8,414,729 13,830,852 27,372,463 Summary information about the bank only capital adequacy ratio: Current PeriodAmount Subject to Credit Risk (ASCR) 35,970,835Amount Subject to Market Risk (ASMR) 861,700Amount Subject to Operational Risk (ASOR) --Shareholders' Equity 8,793,538Shareholders' Equity /(ASCR+ASMR+ASOR)*100 23.87 ASCR: Amount Subject to Credit Risk ASMR:Amount Subject to Market Risk ASOR: Amount Subject to Operational Risk (*) Operational risk will be taken into consideration in the calculation of thecapital adequacy ratio after 30.06.2007. Information about the shareholders' equity items: Current Period (31.12.2006)CORE CAPITALPaid-In Capital 2,756,585Nominal Capital 2,756,585Capital Commitments (-) 0Capital Reserves from Inflation Adjustments to Paid-in Capital 1,977,491Share Premium 3,694Share Cancellation Profits 0Legal Reserves 923,041I. Legal Reserve (Turkish Commercial Code 466/1) 878,927II. Legal Reserve (Turkish Commercial Code 466/2) 44,114 Reserves Allocated due to Special Laws 0Status Reserves 0Other Profit Reserves -30,025Extraordinary Reserves 921,953Reserves Allocated by the General Assembly 921,953Retained Earnings 0Accumulated Loss 0Foreign Currency Share Capital Exchange Difference 0Reserves from Inflation Adjustments to Legal, Status and Extraordinary Reserves 0Profit 1,491,039Current Period Profit 1,109,218Prior Periods' Profit 381,821Provision for Possible Losses (upto 25% of Core Capital) 120,000Profit on Sale of Associates, Subsidiaries and Real Estates to be Transferred to Share 0CapitalPrimary Subordinated Debt (upto 15% of core Capital) 0Loss Excess of Reserves (-) 0Current Period Loss 0Prior Periods' Loss 0Leasehold Improvements (-) 32,116Prepaid Expenses (-) 51,787Intangible Fixed Assets (-) 15,328Deferred Tax Asset excess of 10% of core capital (-) 0Limit Excesses as per Paragragh 3 of Article 56 of the Banking Law (-) 0Total Core Capital (*) 8,163,778SUPPLEMENTARY CAPITALGeneral Reserves 217,00845% of Revaluation Surplus Movables 045% of Revaluation Surplus on Immovables 0Bonus Shares of Associates, Subsidiaries and Jointly-controlled Associates 0Primary Subordinated Debt Excluding the Portion included in Core Capital 0Secondary Subordinated Debt 045% of Securities Value Increase Fund 614,871Associates and Subsidiaries 680,852Investments Available for Sale -65,981Inflation Adjustments to Capital Reserves, Profit Reserves and Prior Periods' Profit/ 0Loss (excluding the inflation adjustments to legal reserves, status reserves andextraordinary reserves)Total Supplementary Capital 831,879 TIER III CAPITAL 0 CAPITAL 8,995,657 DEDUCTIONS FROM THE CAPITAL 202,119 Unconsolidated investments in entities (domestic/foreign) operating in Banking and 102,888Financial Sectors at 10% or more Investments in entities (domestic/foreign) operating in Banking and Financial Sectors 0at less than 10% exceeding 10% or more of the total core and supplementary capitals Loans to banks, financial institutions (domestic/foreign) of qualified shareholders in 0the form of secondary subordinated debt and debt instruments purchased from suchparties qualified as primary or secondary subordinated debt Loans granted against the articles 50 and 51 of the Banking Law 0 Net book values of immovables exceeding 50% of the capital and of assets acquired 0against overdue receivables and held for sale as per article 57 of the Banking Law butretained more than five years Others 0 TOTAL SHAREHOLDERS' EQUITY 8,793,538 MARKET RISK: Amount(I) Capital to be Employed for General Market Risk - Standard Method 34,849 (II) Capital to be Employed for Specific Risk - Standard Method 991 (III) Capital to be Employed for Currency Risk - Standard Method 28,238 (IV) Capital to be Employed for Commodity Risk - Standard Method (V) Capital to be Employed for Clearing Risk - Standard Method (VI) Capital to be Employed for Market Risk of Options - Standard Method 4,858 (VII) Capital to be Employed for Market Risks of Banks Applying Risk Measurement Models (VIII) Total Capital to be Employed for Market Risk (I+II+III+IV+V+VI) 68,936 (IX) Amount Subject to Market Risk (12.5 x VIII) or (12.5 x VII) 861,700 Information on currency risk: EURO USD Yen Other FC TotalCurrent PeriodAssets Cash (Cash in Vault, Foreign 2,475,762 56,752 207 8,255 2,540,976 Currency, Money in Transit, Cheques Purchased) and Balances with the Central Bank of Turkey Due from Banks and Other Financial 943,852 4,605,431 2,027 834,651 6,385,961 Institutions Financial Assets at Fair Value 2,941 36,418 0 5,567 44,926 through Profit/Loss Interbank Money Market Placements 0 0 0 0 0 Investment Securities Available for 2,372,442 9,495,876 0 0 11,868,318 Sale Loans (1) 2,446,196 5,881,291 1,527 53,042 8,382,056 Investments in Associates, 45,493 0 0 0 45,493 Subsidiaries and Joint-Ventyres Investment Securities Held to 0 0 0 0 0 Maturity Derivative Financial Assets Held for 0 0 0 0 0 Risk Management Tangible Assets 0 81 0 201 282 Intangible Assets 0 0 0 0 0 Other Assets 320 4,194 82 481 5,077 Total Assets 8,287,006 20,080,043 3,843 902,197 29,273,089 Liabilities Banks Deposits 101,796 742,240 7 32,592 876,635 Foreign Currency Deposits 6,609,573 9,764,559 11,170 849,226 17,234,528 Interbank Funds 1,331,921 2,067,246 0 0 3,399,167 Funds Provided from Other Financial 20,397 7,548,627 525 8,225 7,577,774 Institutions Marketable Securities Issued 0 0 0 0 0 Miscellaneous Payables 27,035 91,583 545 4,874 124,037 Derivative Financial Liabilities 0 0 0 0 0 Held for Risk Management Other Liabilities 66,776 206,584 1,908 5,880 281,148 Total Liabilities 8,157,498 20,420,839 14,155 900,797 29,493,289 Net On Balance Sheet Position 129,508 -340,796 -10,312 1,400 -220,200 Net Off Balance Sheet Position -343,866 41,978 0 28,018 -273,870 Financial Derivative Assets 974,756 1,717,987 0 40,309 2,733,052 Financial Derivative Liabilities 1,318,622 1,676,009 0 12,291 3,006,922 Non-Cash Loans 1,306,026 3,308,908 56,668 66,868 4,738,470 Previous Period Total Assets 7,219,414 16,199,070 2,435 205,355 23,626,274 Total Liabilities 8,067,321 15,139,923 12,483 745,127 23,964,854 Net On Balance Sheet Position -847,907 1,059,147 -10,048 -539,772 -338,580 Net Off Balance Sheet Position 1,024,958 -1,198,075 7,915 560,834 395,632 Derivative Assets 1,805,359 2,940,741 9,412 568,121 5,323,633 Derivative Liabilities 780,401 4,138,816 1,497 7,287 4,928,001 Non-Cash Loans 1,116,352 3,303,862 88,230 70,957 4,579,401 (1) Includes foreign currency indexed assets, which are followed under TRY accounts. Presentation of assets and liabilities according to their remaining maturities: Demand Up to 1 1-3 3-6 6-12 1 Year Not Total Month Classified Months Months Months and Longer (1)Current Period (31.12.2006)AssetsCash (Cash in Vault, Foreign 5,596,106 0 0 0 0 0 0 5,596,106Currency, Money in Transit,Cheques Purchased) andBalances with the Central Bankof TurkeyDue from Banks and Other 268,204 4,229,916 11,421 304,109 419,716 1,220,297 0 6,453,663Financial InstitutionsFinancial Assets at Fair Value 615 3,111 5,641 94,134 100,907 134,434 0 338,842through Profit/LossInterbank Money Market 0 0 0 0 0 0 0 0PlacementsInvestment Securities 123,548 0 874,322 4,727,148 2,562,685 17,732,042 0 26,019,745Available- or-SaleLoans 0 4,421,546 2,841,344 2,683,669 3,916,716 15,955,041 0 29,818,316Investment Securities 0 0 0 0 0 0 0 0Held-to-MaturityOther Assets 0 117,511 12,054 468 0 35,049 6,813,004 6,978,086Total Assets 5,988,473 8,772,084 3,744,782 7,809,528 7,000,024 35,076,863 6,813,004 75,204,758 LiabilitiesBanks Deposits 117,369 1,954,323 91,038 16,540 2,798 0 0 2,182,068Other Deposits 7,574,434 26,300,875 7,161,264 1,416,218 1,691,209 73,287 0 44,217,287Funds Provided from Other 0 322,112 775,860 1,510,913 2,780,236 5,140,834 0 10,529,955Financial InstitutionsInterbank Funds Borrowed 0 3,463,683 1,200,968 699,602 0 0 0 5,364,253Marketable Securities Issued 0 0 0 0 0 0 0 0Miscellaneous Payables 714,282 427,140 0 2,907 0 12,972 0 1,157,301Other Liabilities 0 365,761 14,905 16,201 22,129 32,152 11,302,746 11,753,894Total Liabilities 8,406,085 32,833,894 9,244,035 3,662,381 4,496,372 5,259,245 11,302,746 75,204,758Liquidity Gap -2,417,612 -24,061,810 -5,499,253 4,147,147 2,503,652 29,817,618 -4,489,742 0 Prior Period (31.12.2005) Total Assets 6,990,879 8,788,406 2,733,797 2,627,140 5,805,035 29,834,577 6,974,956 63,754,790Total Liabilities 7,277,865 26,286,612 7,811,970 2,137,039 4,212,719 4,812,501 11,216,084 63,754,790Liquidity Gap -286,986 -17,498,206 -5,078,173 490,101 1,592,316 25,022,076 -4,241,128 0 (1) Asset items, such as Fixed Assets, Subsidiaries and Associates, OfficeSupply Inventory, Prepaid Expenses and Non-Performing Loans, which are requiredfor banking operations and which can not be converted to cash in short-term, andother liabilities such as Provisions which are not considered as payables andshareholders' equity, are shown in 'Not Classified' column. Information on consumer loans, retail credit cards, personnel loans andpersonnel credit cards: Short-Term Medium and Interest and Total Long-Term Income AccrualsConsumer Loans-LC 552,953 5,162,449 384,803 6,100,205Real Estate Loans 8,848 2,591,869 238,166 2,838,883Automotive Loans 30,056 983,074 80,670 1,093,800General Purpose Consumer Loans 513,730 1,586,259 65,882 2,165,871Other Consumer Loans 319 1,247 85 1,651Consumer Loans - FC Indexed 1,356 106,693 17,589 125,638Real Estate Loans 699 95,169 15,632 111,500Automotive Loans 657 11,519 1,956 14,132General Purpose Consumer Loans 0 5 1 6Other Consumer Loans Indexed to FC 0 0 0 0Consumer Loans - FC 0 0 0 0Real Estate Loans 0 0 0 0Automotive Loans 0 0 0 0General Purpose Consumer Loans 0 0 0 0Other FC Consumer Loans 0 0 0 0Retail Credit Cards-LC 2,511,492 0 29,772 2,541,264 Installment Based 842,548 0 0 842,548 Other Credit Cards 1,668,944 0 29,772 1,698,716Retail Credit Cards-FC 0 0 0 0 Installment Based 0 0 0 0 Other Credit Cards 0 0 0 0Personnel Loans-LC 24,843 104,955 5,451 135,249Real Estate Loans 142 34,707 2,739 37,588Automotive Loans 184 9,196 767 10,147General Purpose Consumer Loans 24,511 61,022 1,943 87,476Other Consumer Loans 6 30 2 38Personnel Loans- FC Indexed 0 826 18 844Real Estate Loans 0 750 5 755Automotive Loans 0 0 0 0General Purpose Consumer Loans 0 76 13 89Other Consumer Loans 0 0 0 0Personnel Loans-FC 0 0 0 0Real Estate Loans 0 0 0 0Automotive Loans 0 0 0 0General Purpose Consumer Loans 0 0 0 0Other Consumer Loans 0 0 0 0Personnel Credit Cards-LC 46,442 0 127 46,569 Installment Based 16,025 0 0 16,025 Other Credit Cards 30,417 0 127 30,544Personnel Credit Cards-FC 0 0 0 0 Installment Based 0 0 0 0 Other Credit Cards 0 0 0 0Overdraft Accounts - TRY (real 236,280 0 -(*) 236,280persons)Overdraft Accounts - FC (real 0 0 0 0persons) Total 3,373,366 5,374,923 437,760 9,186,049 (*) Interest and income accruals of this account are not included in this table. Installment based commercial loans and corporate credit cards: Short-Term Medium and Long Interest and Total Term Income AccrualsInstallment Based Commercial 574,559 6,035,747 489,956 7,100,262Loans-LCReal Estate Loans 2,182 354,939 18,858 375,979Automotive Loans 108,630 2,090,439 169,204 2,368,273General Purpose Commercial Loans 403,004 3,155,675 217,320 3,775,999Other Commercial Loans 60,743 434,694 84,574 580,011Installment Based Commercial Loans- 14,669 194,804 25,288 234,761FC IndexedReal Estate Loans 0 33,654 4,623 38,277Automotive Loans 8,564 123,299 17,189 149,052General Purpose Commercial Loans 6,105 37,851 3,476 47,432Other Commercial Loans 0 0 0 0Installment Based Commercial 0 0 0 0Loans-FCReal Estate Loans 0 0 0 0Automotive Loans 0 0 0 0General Purpose Commercial Loans 0 0 0 0Other Commercial Loans 0 0 0 0Corporate Credit Cards-LC 138,056 0 166 138,222 Installment Based 0 0 0 0 Other Credit Cards 138,056 0 166 138,222Corporate Credit Cards-FC 0 0 0 0 Installment Based 0 0 0 0 Other Credit Cards 0 0 0 0Overdraft Accounts - TRY 576,057 0 -(*) 576,057(corporate)Overdraft Accounts - FC (corporate) 0 0 0 0Toplam 1,303,341 6,230,551 515,410 8,049,302 (*) Interest and income accruals of this account are not included in this table. Specific provisions provided against loans: Specific Provisions Current Period Previous PeriodLoans and Receivables with Limited Collectibility 117,524 40,642Loans and Receivables with Doubtful Collectibility 156,695 115,327Uncollectible Loans and Receivables 889,996 897,466Total 1,164,215 1,053,435 The changes in total loans under follow-up: Group III Group IV Group V Loans and Receivables Loans and Uncollectible Loans Receivables with and Receivables with Limited Doubtful Collectibility CollectibilityPrevious Period End Balance 40,642 115,327 897,466Additions (+) 458,652 9,765 85,025Transfers from Other Categories of 0 290,496 191,227Loans Under Follow-Up (+)Transfers to Other Categories of Loans 290,496 191,226 0Under Follow-Up (-)Collections (-) 90,947 67,209 255,214Write-Offs (-) 327 458 28,508Current Period End Balance 117,524 156,695 889,996Specific Provisions (-) 117,524 156,695 889,996Net Balance on Balance Sheet 0 0 0 Provision expenses due to Bank's loans and other receivables: Current Period Previous Period Specific Provisions for Loans and Other Receivables 387,710 295,180 From Group III Loans and Receivables 323,476 153,385From Group IV Loans and Receivables 4,930 437From Group V Loans and Receivables 59,304 141,358General Provision Expenses 67,723 53,951Optional Provisions Allocated for Probable Risks 120,000 0Marketable Securities Impairment Expense 121,199 55,018Trading Securities 4 0 Securities Available-for-sale 121,195 55,018Impairment Provision Expense 178,855 382,065Participations 36,252 343,972Subsidiaries 142,603 38,093Partnerships under Joint Control 0 0Securities Held-to-Maturity 0 0Other 33,674 19,303Total 909,161 805,517 Other operating expenses: Information related to other operational expenses. Current Period Previous PeriodPersonnel Expenses 936,890 818,547Reserve for Employee Termination Benefits 1,591 758Bank Pension Fund Deficit Provisions 21,825 91,037Impairment Losses on Tangible Fixed Assets 0 0Depreciation Expenses on Tangible Fixed Assets 106,857 92,444Impairment Losses on Intangible Assets 0 0Depreciation Expenses on Intangible Assets 911 0Impairment Losses on Foreclosures 0 0Depreciation Expenses on Foreclosures 16,317 0Impairment Losses on Assets Held for Sale 0 0Other Operating Expenses 555,310 480,112Operational Lease Expenses 47,756 38,528Maintenance Expenses 8,893 7,857Advertisement Expenses 187,613 174,364Other Expenses 311,048 259,363Loss on Sales of Assets 23,739 404,386Other 194,499 212,017Total 1,857,939 2,099,301 This information is provided by RNS The company news service from the London Stock Exchange