History of Isbank Directors of Isbank Participations News On Isbank Annual Reports

Isbank Board of Directors decided to distribute cash dividend from the Bank's 2003 year-end profit. The decision taken, will be in effect following the approval of shareholders at the Annual General Meeting to be held on 31st of March.

Details of cash dividend payments will be as below;

For each class A share equivalent to 1000 TL : 146.84 TL
For each class B share equivalent to 1000 TL : 103.42 TL
For each class C share equivalent to 1000 TL : 96.18 TL

As a result of this decision, pay-out ratio for each class of shares will be realized as follows

Class A shares : 14.68 %
Class B shares : 10.34 %
Class C shares : 9.62 %

On the other hand, Isbank Board of Directors also decided to raise the paid -in capital of the Bank from TL 1,426,724 billion to TL 1,640,757 billion in the form of bonus issue. Accordingly, regardless of the share type, each share that represents current capital will be given a new group C share of TL 6,000 in bonus.

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