DJ Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to Dividend Distribution of 2020
Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Regarding the Board Decision related to Dividend Distribution of 2020
04-March-2021 / 18:21 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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TO: Investment Community
FROM: Garanti BBVA / Investor Relations
SUBJECT: Regarding the Board Decision related to Dividend Distribution of 2020
DATE: March 4, 2021
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 4
th 2021 that;
- (i) the distribution of the Bank's after-tax profit in the amount of 6.238.002.719,48 Turkish Liras for the year
2020 as detailed in the table attached hereto;
- (ii) to initiate the distribution of gross cash dividend in the amount of 623.800.000,00 Turkish Liras
corresponding to 14,85% 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 413.800.000 Turkish Liras to our Shareholders on 5 April 2021 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 2020 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: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com
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Attachment
File: Regarding the Board Decision related to Dividend Distribution of 2020
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ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
LEI Code: 5493002XSS7K7RHN1V37
Sequence No.: 94888
EQS News ID: 1173326
End of Announcement EQS News Service
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(END) Dow Jones Newswires
March 04, 2021 13:22 ET (18:22 GMT)
