Resolutions of the Ordinary General Meeting | 26/03/2012

26.03.2012

Results of the Ordinary General Meeting related to the activity period of 2011.

Type of the General Meeting : Olağan
The relevant Accounting Period, if it is an Ordinary General Meeting : 01.01.2011-31.12.2011
Date of the General Meeting : 26/03/2012

Resolutions passed in the Bank’s Ordinary General Meeting held on March 26th, 2012 are provided hereinafter:

  1. Elections for the Executive Board is concluded and the Executive Board is vested with authority to sign the Minutes of the Ordinary General Meeting.
  2. Reports of the Board of Directors, Independent Auditors Report are read, discussed and approved.
  3. Pursuant to the Turkish Trade Code, Article 315 and the Bank’s Articles of Incorporation, Article 16; appointments of new members to the offices of the members resigned from the Membership of the Board of Directors during the year are approved.
  4. Balance Sheet and Profit and Loss Statement for the year of 2011 are approved.
  5. Regarding distribution of the profit; “The net profit of 2011 amounting to 255.341.844,22.- TL shall be reserved and distributed in accordance with the Bank’s Articles of Incorporation, Article 55; out of total of first and second profit shares amounting to 182.000.000.- TL, gross 45.000.000.- TL corresponding to 5.626% of the paid-in capital shall be distributed in cash to the shareholders and 137.000.000.- TL corresponding to 17.13% of the paid-in capital shall be distributed through bonus issue to be used in the increase of the Bank’s paid-in capital amounting to 800.000.000.- to 1.100.000.000.- TL and the dividends of 2011 as book-entry bonus shares amounting to 137.000.000.- TL shall be distributed following after the mentioned shares are registered by the Stock Market Board; and distribution of the cash dividends amounting to 45.000.000.- TL shall be commenced as of 28.03.2012.”
  6. The Board of Directors and Auditors are discharged one by one for the transactions and accounts of the year of 2011.
  7. Pursuant to the Bank’s Articles of Incorporation, Article 14 and Article 15; Mr. Adnan BALİ, Mr. Murat BİLGİÇ, Mr. Mehmet Coşkun CANGÖZ, Mr. Kemal Serdar DİŞLİ, Mr. Ertan Burhanettin KANTAR, Mrs. Yonca KOÇAK, Mr. Habip Fevzi ONAT, Mr. Uygar Şafak ÖĞÜN, Mr. Mehmet ŞENCAN, Mr. Mustafa Baran TUNCER and Mr. Durmuş YILMAZ are appointed as the Members of the Board of Directors to serve for a period of three years.
  8. Pursuant to the Bank’s Articles of Incorporation, Article 30, Mr. Volkan KUBLAY and Mrs. Hamide Esma Uygun ÇELİKTEN are appointed as the auditors to serve for a period of one year.
  9. It is resolved to pay a monthly gross remuneration in the amount of 7.000.- TL (seven thousand Turkish Lira) to the Members of the Board of Directors and a monthly gross remuneration in the amount of 5.500.- TL (five thousand and five hundred Turkish Lira) to the Auditors.
  10. The amendment to the 5th Article of the Bank’s Articles of Incorporation, with the title of “the Capital”, with respect to the increase of the upper limit of the registered capital, is approved as it has been approved by the Capital Market Board under no: 1468 on 19.01.2012, the Banking Regulatory and Supervisory Authority under no: 1146 on 31.01.2012 and the Ministry of Customs and Trade, General Directorate of Domestic Trade under no: 1055 on 09.02.2012.
  11. The General Board is informed about the donations granted throughout 2011.
  12. Members of the Board of Directors are furnished with power for the transactions provided in the Turkish Trade Code, Articles 334 and 335.

Please find enclosed herewith the Minutes of the General Meeting, List of Attendants and Profit Distribution Statement.

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