Announcement regarding the board decision related to dividend distribution of 2016
Announcement regarding the board decision related to dividend distribution of 2016
The Board of Directors of our Bank resolved on March 02, 2017 that below matter be submitted for the approval of our shareholders during the Ordinary General Meeting of Shareholders dated March 30, 2017, that dividend distribution be initiated on April 24, 2017 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 2016 in the amount of TL 5,070,549,118.13 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 1,250.000.000,00 in total equivalent to 29.76 % 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 1,040,000,000.00.
The profit distribution table for the year 2016 is attached hereto.