Turkiye Garanti Bankasi : About the Board Decision related to Dividend Distribution of 2017
January 31, 2018 at 10:43 am EST
Share
About the Board Decision related to Dividend Distribution of 2017
The Board of Directors of our Bank resolved on January 31, 2018 that below matter be submitted for the approval of our shareholders during the Ordinary General Meeting of Shareholders, that dividend distribution be initiated on April 24, 2018 and the Head Office be authorized to conduct legal applications and procedures regarding the distribution of profit.
The distribution of the profit of the year 2017 in the amount of TL 6,343,919,301.93 after the tax deduction be as follows in accordance with Article 45 of the Articles of Association of our Bank titled as 'Distribution of the Profit':
The distribution of a cash gross dividend to our Shareholders in the amount of TL 1,750,000,000.00 in total equivalent to 41,66 % of the paid-in capital of the Bank, which is TL 4,200,000,000, consisting of first cash gross dividend in the amount of TL 210,000,000.00 equivalent to 5% of the Bank's paid-in capital and second cash gross dividend in the amount of TL 1,540,000,000.00.
The profit distribution table for the year 2017 is attached hereto.
You must have version 4.0 or later of the Adobe® Acrobat Reader® in order to read and print the PDF versions. Download Adobe Reader for free now
Turkiye Garanti Bankasi AS published this content on 31 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 January 2018 15:39:11 UTC.
Original documenthttps://www.garantiinvestorrelations.com/en/news/detay/About-the-Board-Decision-related-to-Dividend-Distribution-of-2017/112/6223/0
Public permalinkhttp://www.publicnow.com/view/8A313C55BC76B8C5461CB9186D91A0DCE58EC13C
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.