Provided that no adverse conditions exist regarding domestic and/or global economic circumstances and that the Bank's capital adequacy ratio remains at the targeted level, Akbank's dividend distribution policy is to distribute to its shareholders in cash and/or stock dividend up to 40% of the Bank's distributable profit.
The dividend distribution procedure is completed in accordance with the General Assembly resolutions within the legal periods stipulated by the law.
The Bank does not have a practice of distributing advance dividends.
Appropriation of Profits
In accordance with the 82nd article of the Articles of Association of Akbank, the dividend to be distributed out of 2015 net profit of TL 2.994.848.300,95 will be as follows;
- Gross TL 200.000.000 equal to 5% of the paid-in capital of the Bank of TL 4.000.000.000 as of 31st December 2015 will be allocated as primary cash gross dividend; and gross TL 400.000.000 will be allocated as secondary cash gross dividend. Total cash gross dividend of TL 600.000.000 equal to 15% of the paid in capital, will be distributed to shareholders;
- Cash dividend distribution will start on the 30th of March, 2016,
- In accordance with paragraph’s 1) clauses (e) and (f) of article 5 of the Corporate Tax Law, TL 8.645.864,60 will be allocated to Special Reserve Account and after allocating TL 40.000.000 to Legal Reserves, the remaining profit will be retained under Extraordinary Reserves.