2017 ANNUAL REPORT
DISTRIBUTION OF PROFIT
TÜRK EKONOMİ BANKASI A.Ş. PROFIT DISTRIBUTION TABLE FOR THE YEAR 2017 (TL) |
||
|---|---|---|
1. Paid-in / Issued Capital |
2,204,390,000.00 |
|
2. Total legal reserves (According to Legal Records) |
295,040,803.13 |
|
Information regarding the privilege, if any privilege with respect to distribution of profit is stated in the articles of association |
||
According to Legal Records (LR) |
||
3. |
Profit for the period |
1,312,930,369.12 |
4. |
Taxes to be paid (-) |
(244,092,081.92) |
5. |
Net profit for the period ( = ) |
1,068,838,287.20 |
6. |
Losses related to the Previous Years (-) |
0 |
7. |
Primary Legal Reserve (-) |
(53,441,914.36) |
8. |
NET DISTRIBUTABLE PROFIT FOR THE PERIOD (=) |
1,015,396,372.84 |
9. |
Donations made within the year ( + ) |
- |
10. |
Net distributable profit (including donations) |
- |
11. |
First Dividend to Shareholders - Cash - Share Dividend - Total |
100,000,000.00 100,000,000.00 0.00 100,000,000.00 |
12. |
Dividend distributed to the holders of the privileged share |
0.00 |
13. |
Dividend distributed to - The Members of Board of Directors - Employees - Other than Shareholders |
0.00 |
14. |
Dividend distributed to the holders of redeemed share certificates |
0.78 |
15. |
Second dividend for the shareholders |
0.00 |
16. |
Secondary Legal Reserves |
0.09 |
17. |
Statutory Reserves |
0.00 |
18. |
Special Reserves (Due to Tax Law 5520, article 5.1/e, amount is 75% of the real estate sales profit) |
0.00 |
19. |
EXTRAORDINARY RESERVES |
915,396,371.97 |
20. |
Other resources planned to be distributed |
- |
DIVIDEND DISTRIBUTION TABLE
|
GROUP |
TOTAL DIVIDENDS |
TOTAL DIVIDENDS / NET PROFIT FOR THE PERIOD |
DIVIDEND TO THE SHARE WITH A NOMINAL VALUE OF TL 1 |
||
|---|---|---|---|---|---|---|
CASH (TL) |
BONUS (TL) |
RATIO (%) |
AMOUNT (TL) |
RATIO (%) |
||
NET |
A |
100,000,000.78 |
0 |
9.85 |
0.05 |
4.54 |
B |
0 |
0 |
0 |
0 |
0 |
|
TOTAL |
100,000,000.78 |
0 |
9.85 |
0.05 |
4.54 |
|
When evaluating the dividend payouts made by the Bank to the shareholders, due regard is paid to macroeconomic conditions and financial stability, as well as to the Bank’s total shareholders’ equity, its quality and the Bank’s long-term strategies and goals. Dividend payouts are carried out following the decision to be passed by the Board of Directors in accordance with the aforementioned evaluations, subject to the clearance from the Banking Regulation and Supervision Agency and from the Bank’s General Assembly. The General Assembly of Shareholders was yet to convene as of the date of the announcement of the 2017 Annual Report. Upon obtaining the necessary legal approvals and approval of the General Assembly, it is planned to pay the shareholders a profit share in the amount of TL 100 million.