Regarding the Board Decision related to Dividend Distribution of 2020
Regarding the Board Decision related to Dividend Distribution of
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 4th 2021 that;
- the distribution of the Bank’s after-tax profit in the amount of 6.238.002.719,48 Turkish Liras for the year 2020 as detailed in the table attached hereto;
- to initiate the distribution of gross cash dividend in the amount of 623.800.000,00 Turkish Liras corresponding to 14,85% 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 413.800.000 Turkish Liras to our Shareholders on 5 April 2021 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 2020 is attached herewith.