Internet Banking

FAQ

1. What are the mission and vision of the Bank?

For more detailed information, please visit our Mission, Vision and Goals 


2. What is the Ownership Structure of Akbank?

For updated information, please visit our Ownership Structure.

3. What is the structure of Akbank’s issued share capital?

The issued capital of the Bank is TRY 3,000,000,000 divided into 300,000,000,000 registered shares each with a nominal value of 1 New Kurus.

4. Are there diverse kinds of stocks of Akbank with different rights?

No. Till mid-2005, Akbank had founders’ and Usufruct shares which were entitled to receive approximately 10% of net profit, with no voting rights. In an effort to create value for ordinary shareholders and improve corporate governance, Akbank bought-back these shares as of 28 June 2005.

For more detailed information, please visit our presentation.

5. Does Akbank pay dividends?

Yes Akbank pays out cash dividend and bonus shares. Akbank is one of the first companies in Turkey establishing and announcing its dividend policy on July 2003. Accordingly; Akbank pays minimum 30%, maximum 50% of the net distributable profit to its shareholders who are described in its articles of corporation, as cash dividend. This policy is dependent on relevant market conditions and sustenance of a comfortable level of capital adequacy ratio.

Below is the list of cash dividend payments of Akbank for the last six years.

(TRY Million)

Year 2002 2003 2004 2005 2006 2007
Ordinary Shares 41 300 375 540 660 720

For more detailed information, please visit our Dividend History .

6. Where is Akbank’s common stock listed? Are there ADRs of the Bank?

24.96% of Akbank stocks are publicly traded and listed on the Istanbul Stock Exchange (ISE), while the Bank’s Level 1 ADRs are traded on London IOB and the OTC market in the USA.

Under the American Depository Receipt (ADR) programme, each American Depository Share (ADS) represents two underlying ordinary shares. However, due to the new Turkish tax regime which came into effect on January 1, 2006, effective December 30, 2005, all Turkish DR facilities are suspended for deposits/issuances, physical DR transfers and cancellations/withdrawals until further notice, by the Bank of New York. More information on this issue can be demanded from The Bank of New York which is the Depository Bank for our ADR's. The contact details for The Bank of New York is given below.

James T. Green +44 207 964 6080
Joseph Oakenfold +44 207 964 6419
Julio Lugo +1 212 815 2122
Mahmoud Salem +1 212 815 2248

For more detailed information on our ADR programme, please visit our Listing and Quotation .

7. What is an ADR , ADS?

An American Depositary Receipt (ADR) is a physical certificate evidencing ownership of American Depositary Shares (ADSs). The term is often used to refer to the ADSs themselves. An American Depositary Share (ADS) is a U.S. dollar denominated form of equity ownership in a non-U.S. company. It represents the foreign shares of the company held on deposit by a custodian bank in the company's home country and carries the corporate and economic rights of the foreign shares, subject to the terms specified on the ADR certificate.
The terms ADR and ADS are often used interchangeably.

8. When is Akbank’s Annual General Meeting?

Akbank’s Annual General Meeting (AGM) is usually held towards the end of March each year. Please check our “News” section at our web site if the date of the next AGM has been formally announced.

9. When do you disclose information? Does the Bank announce its Disclosure calender?

Yes, Akbank announced Financial / IR calender in its web site.

For more detailed information, please visit our Financial / IR Calender .

10. Does the Bank have annual reports online?

Yes, Akbank web site has Annual Reports since 2000.

For more detailed information, please visit our Annual Report .

11. What are the ratings of Akbank?

For updated information on ratings and rating reports, please visit our Ratings .

 
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