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Additional Explanations
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The Bank's Board of Directors, having convened on March 9, 2020, has resolved that Article 6 of the Articles of Association be amended with a view to raise the Registered Capital Ceiling from TRY 7,500,000,000 to TRY 10,000,000,000 and extend the authorization period for the Registered Capital Ceiling until the end of year 2024. The Board has further decided on amendments to Article 12 and Temporary Article 2 concerning other issues (all amendments to be made as set forth in the attachment). The amendments shall be submitted to BRSA, CMB, and the Ministry of Trade to obtain the required authorizations and then to Bank's General Assembly.
In case of any contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
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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.