TCMB - Annual Report 2012

The Auditing Committee has thoroughly examined the activities and resulting statements of the 2012 Accounting Year of the Central Bank of the Republic of Turkey within the framework of the provisions of the related legislation, and concluded that:

Cash, gold holdings, foreign exchange banknotes and securities in the service and reserve vaults of the Head Office and Branches, which were subject to inspection and stock-taking, are in conformity with the records as well as the legal books, and these values are kept and administered in accordance with the instructions. The books related to the Bank’s accounts that are subject to declaration are maintained properly and are in conformity with Central Bank Law and the Articles of Association; furthermore, domestic loans extended by the Bank are within the limits set forth,

The balance sheet compiled by 31 December 2012 and "the Profit and Loss Statement" created for the period between 01/01/2012 and 31/12/2012 are in compliance with the rules of "Assessment" and the systematic principles of accounting stipulated by the Turkish Commercial Code, the Central Bank Law and the Tax Laws, The financial tables compiled to present the financial situation of the Central Bank of the Republic of Turkey by 31 December 2012, and the results of activities relating to the year that ended on the same date are presented in an accurate, correct and clear manner pursuant to the Legislation in force in Turkey and the Central Bank Law. A lawsuit regarding legal liability, which was filed by the Bank, is in the appeal process.

In conclusion, we hereby submit the Balance Sheet of 31 December 2012 and the Profit and Loss Statement for approval of the General Assembly.

Ankara, 08.03.2013


Mustafa Saim UYSAL Auditing Committee Member	Prof. Dr. Hasan TÜREDİ Auditing Committee Member

Yasin AYDIN Auditing Committee Member	Ahmet Fethi TOPTAŞ Auditing Committee Member