2016 ANNUAL REPORT
INFORMATION ON TRANSACTIONS CONDUCTED WITH RELATED PARTIES
The Bank is involved in various transactions with the risk group to which TEB is included (related parties) and these are carried out for commercial purposes and at market prices. Loan transactions with related-parties and their share in the Bank’s total credit risk as of 31 December 2016 and 31 December 2015 were as follows:
% |
31.12.2016 |
31.12.2015 |
|---|---|---|
Share in total cash loans |
0.15% |
0.02% |
Share in total non-cash loans |
1.79% |
2.51% |
Share in total cash and non-cash loans |
0.54% |
0.56% |
Detailed information about the risk group to which TEB is included has been prepared in accordance with the “Communiqué on Financial Statements and Related Explanations and Footnotes Announced to the Public by Banks”
and published in Section 5, Paragraph b of the “Annual Report” and was also included in the financial statements as of 31 December 2016 and Section VII, Articles 1 of the Independent Audit Report.