Announcement regarding resolution of the Board of Directors for the distribution of the profit
Announcement regarding resolution of the Board of Directors for the distribution of the profit
The Board of Directors of our Bank resolved on March 03, 2016 that below matter be submitted for the approval of our shareholders during the Ordinary General Meeting of Shareholders dated March 31, 2016, that dividend distribution be initiated on April 25, 2016 and the Head Office be authorized to conduct legal applications and procedures regarding the distribution of profit.
The distribution of the profit of the year 2015 in the amount of TL 3.406.506.611,18 after the tax deduction be as follows in accordance with Article 45- of the Articles of Association of our Bank titled as “Distribution of the Profit”:
The distribution of a cash gross dividend to our Shareholders in the amount of TL 567.000.000,00 in total equivalent to 13.50% of the paid-in capital of the Bank (which is TL 4,200,000,000) consisting of first cash gross dividend in the amount of TL 210.000.000,00 equivalent to 5% of the Bank’s paid-in capital and second cash gross dividend in the amount of TL 357.000.000,00.
The profit distribution table for the year 2015 is attached hereto.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.