TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2012
ANNUAL REPORT 2012
k. Explanations on subordinated debts:
Other Domestic Institutions
Other Foreign Institutions
The Parent Bank, issued 10 year- term bond with a nominal value of USD 1,000,000,000 which is like subordinated loans for the individual
and legal persons who are resident abroad. The Bond which has TL 1,804,451 balance sheet value at the end of the period has 6% interest
TSKB, consolidated subsidiary of the Parent Bank, has used a subordinated debt amounting USD 50 million from International Finance
Corporation through direct financing on 5 November 2004. The maturity date of the subordinated debt with interest rate of Libor +3.25%
and without any repayment of principal in the first five years is 15 October 2016.
l. Information on consolidated shareholders’ equity:
Presentation of paid-in capital:
Explanation as to whether the registered share capital system ceiling is applicable at bank, if so, the amount of registered share capital:
Registered Capital System
The Bank’s capital ceiling was raised to TL 10,000,000 from TL 7,000,000 in the current period.
The capital increase made in current period: None.
Capital increase through transfer from capital reserves during the current period: None.
Significant commitments of the Parent Bank related to capital expenditures within the last year and the following quarter, the general
purpose thereof, and the estimation of funds required for them: There are no capital commitments.
Information regarding the shares of the company acquired; Parent bank and group companies did not acquired their own share.
Previous periods’ indicators related to income, profitability and liquidity, and the estimated effects of forecasts, which are to be made by
taking into consideration the uncertainties of these indicators, on the Group’s equity: The Parent Bank’s and the Group companies’ balance
sheets are managed in a prudent way to ensure that the effect of risks arising from interest rates, exchange rates and loans is at the lowest
level and this contributes positively to the Group’s profitability performance.
Privileges Granted to Shares:
Group (A) shares each with a nominal value of 1 Kuruş have the privileges of;
• receiving 20 times the number of shares in the distribution of bonus shares issued from conversion of extraordinary and revaluation
reserves generated in accordance with the relevant laws (Article 18 of the Articles of Incorporation),
• exercising the preference rights as 20 times (Article 19 of the Articles of Incorporation), and
• 20 voting rights (Article 49 of the Articles of Incorporation).
Despite having a lower nominal value, Group (B) shares, each with a nominal value of 1 Kuruş, have the same rights with the Group (C) shares
having a nominal value of 4 Kuruş each. Furthermore, Group (A) and (B) shares, each with a nominal value of 1 Kuruş, are granted privileges
in distribution of profits pursuant to Article 58 of the Articles of Incorporation.