Donation and Contribution Policy
T. Garanti Bankası A.Ş Donation and Contribution Policy
Türkiye Garanti Bankası A.Ş., with a sense of corporate social responsibility, may grant charity donations and contributions, including but not limited to individuals, non-governmental organizations, associations or foundations, which operate in the areas of education, culture, art, environment and sports, in accordance with the principles set forth in the Banking Law no. 5411.
According to Article 59 of the Banking Law, the amount of the donations to be granted by the banks and their consolidated affiliates in a fiscal year shall not exceed four per thousand of their equities. It is an obligation that at least half of the donations and contributions granted accordingly, shall consist of payments that can be considered as expenditures or discounts while determining the corporate tax base.
The Bank shall grant all its charity donations and contributions in the areas that improve the vision of the individuals and society, pursuant to its mission and policies and by taking into account its ethical rules. Charity donations may also be granted either in cash or in kind to real or legal persons including the Bank’s customers for the purposes of presenting its corporate identity or extending the banking operations.
The Bank, in accordance with the principles set out in this Donation and Contribution Policy and the relevant regulations applicable to it, informs the shareholders during the General Meeting for the relevant year with a separate item on the agenda with regard to the charity donations realized within each accounting period and publishes such donations in its annual report.