Public Disclosure | 25/03/2010

25.03.2010

About the resolutions adopted at the Meeting of the Board of Directors held on 25.03.2010

Our Bank’s Board of Directors, at its Meeting held on 25.03.2010, has resolved as follows:

  1. Within the frame of our Articles of Association, Mr. H. Ersin ÖZİNCE, one of the Members of our Board of Directors is to be elected as the Chairman of the Board of Directors and Mr. Kadir AKGÖZ, another Member of our Board of Directors, is to be elected as the Vice Chairman of the Board of Directors and 1st Degree signing authority of these Members of the Board of Directors is to continue.
  2. The net profit of 2009 amounting to 174.887.526,00.- TL is to be distributed pursuant to the following principles in accordance with the applicable legislation and 55th Article of our Articles of Association:
    a)Regarding the Profit Share to be distributed pursuant to the Resolution adopted on March 25th 2010 in our General Meeting and in accordance with Article 55/c of our Bank’s Articles of Association; payments are to made on March 26th 2010 to the employees taking into consideration their gross monthly salaries as of December 31st 2009 and tenure in 2009 and to the personnel retired in 2009 taking into consideration their latest gross salaries at the date of their retirement and tenure in 2009; and no payment is to be made to the personnel whose service contract has been terminated in 2009 and 2010 upon their own will or by the employer;
    b)The Profit Share to be distributed to the Members of the Board of Directors pursuant to the Resolution adopted on March 25th 2010 in our General Meeting and in accordance with Article 55/c of our Bank’s Articles of Association is to be paid on March 26th 2010;
    c) The Profit Share to be distributed to the Founder’s Shares pursuant to the Resolution adopted on March 25th 2010 in our General Meeting and in accordance with Article 55/c of our Bank’s Articles of Association is to be paid on the date of cash profit share distribution;
    d) The General directorate is to be furnished with authority for procedures related with all necessary matters so that it may start distribution of book-entry bonus shares for the capital increase amounting to 100.000.000.-TL, which is the total of the profit share amounting to 85.000.000.-TL to be distributed as book-entry bonus shares and Extraordinary Reserves amounting to 15.000.000.-TL after the mentioned shares are registered by the Stock Market Board and the necessary procedures are effected and of cash dividend amounting to 30.000.000.-TL as of 03.05.2010.

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