REG - Turkiye Garanti Bank - Dividend Distribution of 2017 <Origin Href="QuoteRef">GARAN.IS</Origin>

Turkiye Garanti Bankasi ASAnnouncement

31/01/2018 15:40

RNS Number : 5263D
Turkiye Garanti Bankasi
31 January 2018
TO: Investment Community
FROM : Garanti Bank / Investor Relations 
SUBJECT: About the Board Decision related to Dividend Distribution of 2017
DATE: January 31, 2018
The Board of Directors of our Bank resolved on January 31, 2018 that below matter be submitted for the approval of our shareholders during the Ordinary General Meeting of Shareholders, that dividend distribution be initiated on April 24, 2018 and the Head Office be authorized to conduct legal applications and procedures regarding the distribution of profit. 
The distribution of the profit of the year 2017 in the amount of TL 6,343,919,301.93 after the tax deduction be as follows in accordance with Article 45 of the Articles of Association of our Bank titled as "Distribution of the Profit":
The distribution of a cash gross dividend to our Shareholders in the amount of TL 1,750,000,000.00 in total equivalent to 41,66 % of the paid-in capital of the Bank, which is TL 4,200,000,000, consisting of first cash gross dividend in the amount of TL 210,000,000.00 equivalent to 5% of the Bank's paid-in capital and second cash gross dividend in the amount of TL 1,540,000,000.00.
The profit distribution table for the year 2017 is attached hereto.
http://www.rns-pdf.londonstockexchange.com/rns/5263D_-2018-1-31.pdf
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
Yours sincerely, 
Garanti Bank
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352 
Fax: +90 212 216 5902
E-mail: investorrelations@garanti.com.tr
www.garantiinvestorrelations.com

This information is provided by RNS
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