REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to Dividend Distribution of 2023

Turkiye Garanti Bankasi ASAnnouncement

11/03/2024 14:00

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to
   Dividend Distribution of 2023

   11-March-2024 / 13:52 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Board Decision related to Dividend Distribution of
   2023            

   DATE: March 11, 2024

    

    

    

   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 9th, 2024 that;

    

     • with  regards  to  the  Bank’s  after-tax  profit  in  the  amount  of
       87,331,719,888.51 Turkish Liras for the year 2023;

    

     • to initiate the distribution of gross cash dividend in the amount  of 
       13,099,758,000.00  Turkish Liras corresponding  to 311.89900 % 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 12,889,758,000.00  Turkish Liras to  our Shareholders  on
       March 29th, 2024 and the authorization  of the Head Office to  conduct
       any and all acts in this regard,

    

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

    

   Profit Distribution Table for the year 2023 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 Profit Distribution Table

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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: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  308949
   EQS News ID:   1855877


    
   End of Announcement EQS News Service

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References

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