Amendment to the Articles of Association
Amendment to the Articles of Association
In order to increase the Registered Capital Ceiling amount of our Bank and since the Registered Capital Ceiling permission granted by the Capital Markets Board of Turkey to the Bank will expire by the end of 2024, I hereby submit for your approval the request to amend Article 7 of the Bank’s Articles of Association in accordance with the draft amendment attached hereto in order to increase the Registered Capital Ceiling amount from 10,000,000,000 Turkish Liras to 25,000,000,000 Turkish Liras and extend the date of the Registered Capital Ceiling permission to the end of the year 2028 and to authorize the Head Office to file necessary applications to the Banking Regulation and Supervision Agency, Capital Markets Board of Turkey and the other relevant official authorities in order to conclude the above-mentioned process and execute any and all operations related thereto.