Summary Info
Resolutions Of The Ordinary General Assembly On March 22, 2024.
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
General Assembly Invitation
General Assembly Type
Annual
Begining of The Fiscal Period
01.01.2023
Ending Date Of The Fiscal Period
31.12.2023
Decision Date
26.02.2024
General Assembly Date
22.03.2024
General Assembly Time
14:00
Record Date (Deadline For Participation In The General Assembly)
21.03.2024
Country
Turkey
City
İSTANBUL
District
BEŞİKTAŞ
Address
Sabancı Center 4.Levent / Beşiktaş / İstanbul
Agenda Items
1 - Opening and formation of the Meeting Council,
2 - Reading and discussion of the 2023 Annual Report of the Board of Directors,
3 - Reading of the 2023 Auditors Report,
4 - Reading, discussion and approval of the Financial Statements of 2023,
5 - Approval of the Board Member elected to the Board of Directors for the remaining period,
6 - Release of liability of the members of the Board of Directors,
7 - Decision on the appropriation of 2023 annual profit, depending on the permission to be obtained and the completion of the procedures,
8 - Decision on affording the Special Fund regarding the revaluation transaction made in accordance with the Duplicate Article 298 and the Paragraph (Ç) of the Tax Procedure Law from the Extraordinary Reserves,
9 - Appointment and determination of the tenure of the Members of the Board of Directors,
10 - Determination of the compensation of the Members of the Board of Directors,
11 - Appointment of the Auditors,
12 - Providing information regarding the donations made in 2023,
13 - Determination of the Bank's donation limits for 2024,
14 - Authorization of the Board of Directors in connection with matters falling within the scope of articles 395 and 396 of the Turkish Commercial Code.
15 - Providing information regarding the updated Bank Remuneration Policy,
16 - Providing information regarding the Board of Directors Diversity Policy,
17 - Providing information to shareholders on the share buy-back program initiated with the decision of the Board of Directors dated 16.02.2023 and ended on 31.12.2023
Corporate Actions Involved In Agenda
Dividend Payment
General Assembly Invitation Documents
Appendix: 1
BilgilendirmeDokuman.pdf - General Assembly Informing Document
Appendix: 2
InformationDocument2023.pdf - General Assembly Informing Document
Appendix: 3
Vekaletname2023.pdf - Other Invitation Document
Appendix: 4
ProxyStatement2023.pdf - Other Invitation Document
Appendix: 5
ToplantiCagrisiGundem2023.pdf - Other Invitation Document
Appendix: 6
InvitationAgenda_2023.pdf - Other Invitation Document
General Assembly Results
Was The General Assembly Meeting Executed?
Yes
General Assembly Results

RESOLUTIONS OF THE ORDINARY GENERAL ASSEMBLY ON MARCH 22, 2024

At the Ordinary General Assembly Meeting of our Bank held on March 22, 2024

· Ratification of the financial statements for 2023,

· Approval of Sabri Hakan BİNBAŞGİL as Board Member, replacing Kemal Özgür DEMİRTAŞ who resigned from his position within the same year,

· Discharge of liability of the members of the Board of Directors,

· Distribution of the 2023 net profit of TL 66.478.940.241,69 in accordance with the proposal of the Board of Directors, as follows;

· Gross TL 260.000.000 equal to 5% of Bank's paid-in capital of TL 5.200.000.000 as of December 31, 2023 will be allocated as primary cash gross dividend; and gross TL 9.711.000.000 will be allocated as secondary cash gross dividend. Total gross dividend of TL 9.971.000.000 equal to 191,75% of the paid in capital, will be distributed to shareholders,

· Cash dividend payment to start from 26th of March, 2024,

· After allocating TL 971.100.000 to Legal Reserves, the remaining profit will be retained under Extraordinary Reserves.

· Within the framework of the Paragraph (Ç), Duplicate Article 298 of the Tax Procedure Law, in return for the value increase fund arising within the scope of the revaluation application, the approval of the special reserve allocation a total of TL 4.659.961.237,81 is transferred to the special fund account from the extraordinary reserves,

· Election of Suzan Sabancı SABANCI, Sabri Hakan BİNBAŞGİL, Ahmet Fuat AYLA, Eyüp ENGİN, Şakir Yaman TÖRÜNER, Nusret Orhun KÖSTEM, Emre DERMAN and Levent DEMİRAĞ as Member of the Board of Directors and Mehmet Tuğrul BELLİ as an Independent Member of the Board of Directors to replace those whose terms expired until the next Ordinary General Assembly to be held on 2025, for a 1 year period,

· To pay the Members of the Board of Directors a gross salary of TL 120.000 per month; and also to have the Remuneration Committee that will be authorized by the Board of Directors, determine the payments that will be made to the Members in case they assume specific duties within the Bank; and to determine an upper limit of TL 245.000.000 in gross total, for the payments that will be made to those Members who assume specific duties within the Bank until the Ordinary General Assembly that will be held in 2025,


· Approval of DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. for the bank's independent auditor in 2024,

  • Approval of the Bank's donation limits up to four thousandths of the Bank's shareholder's equity in accordance with Article 59 of the Banking Law and authorization of the Board of Directors to carry necessary actions in case of donations and aids are in an amount exceeding four thousandths of the Bank's shareholder's equity within the framework of the regulations that provide exemptions from the limitations set by the Banking Law on donations and aids,

· Authorization of the Board of Directors regarding the empowerment of Board Members in connection with matters falling within the scope of articles 395 and 396 of the Turkish Commercial Code,

Additionally,

· Board of Directors Annual Report and the Auditors Reports for 2023 have been discussed,

· Shareholders have been informed regarding:

· The donations of TL 728.297.854,61 made by the Bank in 2023 to the foundations, associations and similar institutions,

· Akbank T.A.Ş's remuneration policy, which is prepared according to Capital Market Board's Communique on Principles for Corporate Governance article 4.6.2, has been updated,

· The Board of Directors Diversity Policy, regarding the diversity in the experience of the Board of Directors members and effective governance,

· The initiated buy-back program with the decision of the Board of Directors dated 16.02.2023 has ended as of 31.12.2023 and there was no share buy-back under the aforementioned program.

In case of contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

Decisions Regarding Corporate Actions
Dividend Payment
Discussed
General Assembly Result Documents
Appendix: 1
22032024_Olağan_Genel_Kurul_Toplantısı_Zaptı_TCKNsiz_Muhalefet_Şerhli_.pdf - Minute
Appendix: 2
22032024_Olağan_Genel_Kurul_Toplantısı_Hazirun_Cetveli_TCKNsiz.pdf - List of Attendants