The decision to raise the Bank’s capital to TL 13,100,000,000 was approved at the Bank’s Extraordinary General Meeting held on May 15, 2020. The capital increase and, accordingly, the amendment made in the related article of the Articles of Association was registered on May 21, 2020 and announced in Issue 10084 of the Trade Registry Gazette dated May 27, 2020. The accounting of the said capital increase was carried out on May 21, 2020, based on the permission obtained from the BRSA. Within this framework, the relevant article of the articles of association has been updated as follows:.
Article 6 (previous version) |
Article 6 (new version) |
Capital: |
Capital: |
Article 6- The capital of the Bank is 6,100,000,000.-Turkish Lira and all of the capital is owned by the Turkey Wealth Fund. The capital was divided into 6,100,000,000 registered nominative shares with a nominal value of 1 Turkish Lira each. The Bank’s former capital of 5,600,000,000.-Turkish Lira was paid up. This time, the increased amount of 500,000,000 Turkish Lira was committed as cash and without collusion and was totally paid up before the registration date. |
Article 6- The capital of the Bank is 13,100,000,000 Turkish Lira and all of the capital is owned by the Turkey Wealth Fund. The capital was divided into 13,100,000,000 registered nominative shares with a nominal value of 1 Turkish Lira each. The Bank’s former capital of 6,100,000,000 Turkish Lira was paid up. This time, the increased amount of 7,000,000,000 Turkish Lira was committed as cash and without collusion and was totally paid up before the registration date. |
