2017 Annual Report
Proposal from the Board of Directors for the Distribution of Profit

It was resolved that the Bank would set aside TL 19,855,844 as the first legal reserve required by Article 519/1 of Turkish Commercial Code from the current period net profit of TL 375,360,116, which was the amount remaining after the deduction of TL 82,281,514 in taxes and dues payable from the profit before tax of TL 457,641,630 in the 2017 period, while it was decided that the remaining amount of TL 355,504,272 would be set aside as an extraordinary reserve after all reserves and funds stated above. The profit distribution proposal is presented to the approval of shareholders in the 27th Annual General Meeting.

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