REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to Dividend Distribution of 2022

Turkiye Garanti Bankasi ASAnnouncement

17/03/2023 17:00

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to
   Dividend Distribution of 2022

   17-March-2023 / 16:54 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Board Decision related to Dividend Distribution of
   2022            

    

    

   DATE: March 17, 2023

    

   In accordance  with  the Banking  Law,  Capital Markets  Law  and  related
   regulations, Article 45 of the Articles of Association of our Bank  titled
   as “Distribution  of the  Profit”,  the Board  of  Directors of  our  Bank
   resolved on March 17th, 2023 that;

     • (i) the distribution of the Bank’s  after-tax profit in the amount  of
       58,509,157,847.37 Turkish Liras for the  year 2022 as detailed in  the
       table attached hereto;
     • (ii) to initiate the distribution of gross cash dividend in the amount
       of  8,776,373,677.11 Turkish Liras corresponding to 208,96128 % of the
       total paid-in  capital  which is  the  sum  of the  first  gross  cash
       dividend amounting to 210,000,000.00 Turkish Liras corresponding to 5%
       of the  Bank’s paid-in  capital  and the  second gross  cash  dividend
       amounting to 8,566,373,677.11 Turkish Liras  to our Shareholders at  a
       date determined  at  the Ordinary  General  Assembly Meeting  and  the
       authorization of the Head Office to  conduct any and all acts in  this
       regard,
     • (iii)  the  transfer  of  1,094,477,604.51  Turkish  Liras  which  was
       recognized as income in prior periods’ profit or loss account in  2022
       due to Accounting Standards to the Extraordinary Reserves Account;

    

   will be submitted to the approval of our Shareholders during the  Ordinary
   General Meeting of Shareholders.

    

   Profit Distribution Table for the year 2022 is attached herewith.

    

    

   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 Communiqué,  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 BBVA

   Contact Garanti BBVA Investor Relations:

   Tel: +90 212 318 2352

         Fax: +90 212 216 5902

         E-mail:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

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   Attachment

   File:  3 Regarding the Board Decision related to Dividend Distribution of
   2022

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          US9001487019
   Category Code: DIV
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  230858
   EQS News ID:   1585975


    
   End of Announcement EQS News Service

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References

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