The Ordinary General Meeting of Shareholders of T.
Garanti Bankasi A.S. relating to 2011 Financial Year was held
on Thursday April 12, 2012 at 10.00 a.m. at Levent, Nispetiye
Mahallesi, Aytar Caddesi No:2, Besiktas - Istanbul and it is
resolved that:
· The Board of Directors' Annual Activity Report
and Auditors' Reports be approved,
The Balance Sheet and Income Statement for the year
2011 be approved,
In accordance with Article 45 of the Articles of
Association of the Bank with the title "
Distribution of the Profit", from the profit of the
year 2011 in the amount of TL 3,070,574,575.92 after the
tax deduction:
The Head Office be authorized to initiate the
distribution of TL 600,000,000.00 gross cash dividend
amount to our Shareholders on May 28, 2012 and conduct
any and all acts in this regard,
The gain of sales, which was exempted from tax in
accordance with sub-paragraph (e) of first paragraph of
article 5 of Corporate Tax Law no. 5520, and other funds
that have to be left in the bank in the amount of TL
193,694,440.73 be transferred to a "Special Fund
Account",
TL 192,528,728.80 be reserved as first and second
legal reserve and TL 2,084,351,406.39 be reserved as
extraordinary reserves,
TL 27,717,155.94, which was exempted from Corporate
Tax in accordance with sub-paragraph (e) of first
paragraph of article 5 of Corporate Tax Law and
transferred from the profit of 2006 to a special fund
account, be transferred to the Extraordinary Reserves
Account as the time determined in the relevant
legislation has expired,
Amendment to the Article 7 of the Bank's
Articles of Association, which is approved by the Banking
Regulation and Supervision Agency, Capital Markets Board
and Ministry of Science, Industry and Technology, be
approved,
The Board Members and Auditors holding office in
the year 2011 be released, except for the General Manager
being a natural member in accordance with Articles 18 and
19 of the Bank's Articles of Association, the number
of the Board of Directors be determined as 8, and Ferit
Faik
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
TURKIYE GARANTI BANKASI 
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