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Amount and Rate of Cash Dividend Payment
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Additional Explanations
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Reference: Public disclosure of Türkiye İş Bankası A.Ş. (İşbank) on 28.02.2019
With our related public disclosure, it was announced that
-our Bank had applied to the Banking Regulation and Supervision Agency (BRSA) for the permission for profit distribution,
-the BRSA had not approved the application for the cash distribution of the net profit as per our Articles of Incorporation, emphasizing that the profits should be retained in the entity in line with the general prudent policy of the Agency for the whole of the banking system, to keep the equity structure of the sector as strong as possible and
-as per the resolution of the Board of Directors dated 28.02.2019, it would be submitted to the approval of the General Assembly that the legal reserves specified in the Article 58 (a) of our Articles of Incorporation would be reserved, and the remaining part of the profit would be set aside as extraordinary reserves.
In the Ordinary General Meeting of our Bank held on 29.03.2019 in Istanbul, it was decided to transfer TL 6.408.183.197,60, (the remaining part of 2018 net profit TL 6.769.085.006,47, after the legal reserves specified in the Article 58 (a) of our Articles of Incorporation were reserved), to be set aside as extraordinary reserves.
This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail. |
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DIVIDEND DISTRIBUTION TABLE
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TÜRKİYE İŞ BANKASI A.Ş. 01.01.2018/31.12.2018 Period Dividend Payment Table (TL)
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.