ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
87
INTRODUCTION
İŞBANK
ANNUAL REPORT 2012
Dividend Distribution Proposal
As a result of activities in 2012, a net profit of TL 3,310,306,825.85 was made. TL 24,345,113.00 of the net profit figure is the income
from sale of participations and real estates. As per the resolution of the Board of Directors, this amount is booked to a special account
under liabilities and is to be used for capital increase when necessary, in order to benefit from the exemption clauses of the fifth article
of Corporate Tax Law no. 5520. On the other hand, taking into consideration the fact that a part of net profit for the period shall be
distributed to the employees of the Bank as per the article 58 of Articles of Incorporation; provision was set aside regarding the Bank’s profit
distribution policy, former practices and related regulations and within the framework of the “TAS 19-Employee Benefits” . According to this,
• It is proposed that the amount of TL 24,345,113.00 from the sale of real estates, which is not subject to dividend distribution, be
transfered to related reserves, the amount of 137,500,000.00 which is set aside for the employee dividends be added to distributable
balance,
• It is proposed that the distributable balance amount of TL 3,423,461,712.85 to be distributed in accordance with the relevant legislation
and article 58 of the Articles of Incorporation of Türkiye İş Bankası A.Ş. as detailed below, including the allocation of TL 677,937,408.89
to type one extraordinary reserves as increased within the framework of the provisions of the Banking Law and the Turkish Commercial
Code from the amount to be allocated to type one extraordinary reserves, which is 10% of the balance amount of TL 3,423,461,712.85.
TL
NET PERIOD PROFIT
3,310,306,825.85
NON-DISTRIBUTABLE PROFIT
-24,345,113.00
ADDED TO DISTRIBUTION
137,500,000.00
DISTRIBUTABLE PROFIT
3,423,461,712.85
I. FIRST DIVIDEND
(Articles of Incorporation Art. 58/a-b)
- For Legal Reserves 5%
171,173,085.64
- Type One Extraordinary Reserve
2,333,643,655.97
- First Dividend
To Group A Shares
60.00
To Group B Shares
1,740.00
To Group C Shares
269,998,200.00
2,774,816,751.61
648,644,961.24
II. SECOND DIVIDEND
(Articles of Incorporation Art.58/c-d-e)
- To Founders’ Shares
3,603.58
- 2.5‰ to the Board Members and the CEO in Equal Amounts
1,621,612.40
- 20% to Bank Employees
129,728,992.25
- 10% to Legal Reserves
57,161,860.47
- 10% to Type Two Extraordinary Reserves
64,864,496.12
- Second Dividend
To Group A Shares
210.81
To Group B Shares
3,056.71
To Group C Shares
395,261,128.90
648,644,961.24
In case the said proposal is approved by the Bank’s General Assembly, dividend will be distributed to the Bank’s shareholders starting from
01/04/2013 and gross dividend will be distributed as follows to each group of shares with a nominal value of TL 1.
Share Group
Gross (TL)
For each Group A share with a nominal value of TL 1
0.2708073
For each Group B share with a nominal value of TL 1
0.1654037
For each Group C share with a nominal value of TL 1
0.1478364
For each of the founders’ shares 1
1.4660631
1...,79,80,81,82,83,84,85,86,87,88 90,91,92,93,94,95,96,97,98,99,...300