Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to Dividend Distribution of 2023
March 11, 2024 at 09:54 am EDT
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Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to Dividend Distribution of 2023
11-March-2024 / 13:52 GMT/BST
TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT: Regarding the Board Decision related to Dividend Distribution of 2023
DATE: March 11, 2024
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 9th, 2024 that;
with regards to the Bank’s after-tax profit in the amount of 87,331,719,888.51 Turkish Liras for the year 2023;
to initiate the distribution of gross cash dividend in the amount of13,099,758,000.00Turkish Liras corresponding to 311.89900 % 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 12,889,758,000.00 Turkish Liras to our Shareholders on March 29th, 2024 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 2023 is attached herewith.
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
Yours sincerely,
Garanti BBVA
Contact Garanti BBVA Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com
Attachment
File: Profit Distribution Table
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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.