Announcement regarding the revised Corporate Governance Rating
Announcement regarding the revised Corporate Governance Rating
Our Bank has signed an agreement with JCR Eurasia Rating, which is an authorized rating agency operating under the license of the Capital Markets Board of Turkey (“CMB”) in accordance with the Corporate Governance Principles issued by the CMB, on 17.07.2016 for a period of two years. As a result of JCR Eurasia Rating’s assessment, our Bank has increased its Corporate Governance Rating score to 9.27 from 9.20 over 10.
The Bank's overall Corporate Governance Rating is determined, in compliance with the relevant regulations of the CMB, under the weighted sub-sections (Shareholders, Public Disclosure and Transparency, Stakeholders, Board of Directors). The overall Corporate Governance Rating and sub-section ratings are as below:
| Shareholders |
25% |
9.22 |
| Public Disclosure and Transparency |
25% |
9.25 |
| Stakeholders |
15% |
9.23 |
| Board of Directors |
35% |
9.34 |
| Total |
|
9.27 |
Garanti Bank’s overall compliance with CMB Corporate Governance Principles and the distribution of compliance levels in each of the four main sections with comparison to the previous terms are as below:
| Shareholders |
9.07 |
9.07 |
9.22 |
| Disclosure and Transparency |
9.25 |
9.25 |
9.25 |
| Stakeholders |
9.05 |
9.23 |
9.23 |
| Board of Directors |
9.15 |
9.25 |
9.34 |
| Corporate Governance Overall Score |
9.14 |
9.20 |
9.27 |
Corporate Governance Rating Report prepared by JCR Eurasia Rating is accessible on the Bank's Investor Relations website www.garantiyatirimciiliskileri.com and www.garantiinvestorrelations.com
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.