Ziraat Bank’s Shareholding Structure
The Undersecretariat of Treasury of the Republic of Turkey is the sole owner of Ziraat Bank. The Chairman and Members of the Board of Directors, Members of the Board of Auditors, General Manager and Assistant General Managers do not hold shares in the Bank.
 
Amendments to the Articles of Incorporation During the Reporting Period
During 2012 fiscal year, Article 26.1.3.1 of the Bank’s articles of incorporation was amended at the Ordinary General Assembly held on 18 April 2012.

Determining, Allocating and Distributing the Net Profit

Former Version:
Article 26.1.3.1- Provided that it is agreed by the General Assembly and provided further that its ratio and amount are stated by the General Assembly, up to five per cent (5%) of the net profit may be distributed to the Board of Directors and the Bank personnel, but only to the extent that such payout will not be more than three times of the respective recipient’s gross salary.

New Version:
Article 26.1.3.1- Provided that it is agreed by the General Assembly and provided further that its ratio and amount are stated by the General Assembly, it may be distributed to the Board of Directors and the Bank personnel, but only to the extent that such payout will not be more than three times of the respective recipient’s gross salary.