TCMB - Annual Report 2013

The Auditing Committee has audited the activities and resulting statements of the 2013 Accounting Year of the Central Bank of the Republic of Turkey within the framework of the provisions of the related legislation, and concluded that:

1. Cash, gold holdings, foreign exchange banknotes and securities in the service and reserve vaults of the Head Office and Branches, which were subject to audit 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,

2. The books related to the Bank’s accounts were examined and it was ascertained that; the records were kept properly and per legislation, the Bank’s operations were in conformity with the Central Bank Law and the Articles of Association, and the domestic loans extended by the Bank were within the limits set forth.

3. The Balance Sheet dated 31 December 2013 and the Profit and Loss Statement created for the period between 01/01/2013 and 31/12/2013 are in compliance with the Valuation Principles and the generally accepted standards of accounting stipulated by the Turkish Commercial Code, the Central Bank Law and the Tax Laws,

4. The financial statements compiled to present the financial position of the Central Bank of the Republic of Turkey by 31 December 2013, 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,

5. The trial for the legal liability lawsuit filed by the Bank continues.

In conclusion, we hereby submit the Balance Sheet and the Profit and Loss Statement dated 31 December 2013 for approval of the General Assembly.

Ankara, 14/03/2014


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

Yasin AYDIN Auditing Committee Member	Ahmet Fethi TOPTAŞ Auditing Committee Member