Regarding the Board Decision related to Dividend Distribution of 2021
Regarding the Board Decision related to Dividend Distribution of 2021
In accordance with the Banking Law, Capital Markets Law and related regulations, Article 45 of the Articles of Association of our Bank titled as “Distribution of the Profit”, the Board of Directors of our Bank resolved on March 3rd, 2022 that;
- (i) the distribution of the Bank’s after-tax profit in the amount of 13,073,306,354.00 Turkish Liras for the year 2021 as detailed in the table attached hereto;
- (ii) to initiate the distribution of gross cash dividend in the amount of 1,307,331,000.00 Turkish Liras corresponding to 31.12693 % of the total paid-in capital which is the sum of the first gross cash dividend amounting to 210,000,000.00 Turkish Liras corresponding to 5% of the Bank’s paid-in capital and the second gross cash dividend amounting to 1,097,331,000.00 Turkish Liras to our Shareholders at a date determined at the Ordinary General Assembly Meeting and the authorization of the Head Office to conduct any and all acts in this regard,
will be submitted to the approval of our Shareholders during the Ordinary General Meeting of Shareholders.
Profit Distribution Table for the year 2021 is attached herewith.