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
The dividend to be distributed from 2017 net profit of TL 6.039.068.836,20 will be as follows;
- Gross TL 200.000.000 equal to 5% of Bank's paid-in capital of TL 4.000.000.000 as of December 31, 2017 will be allocated as primary cash gross dividend; and gross TL 1.400.000.000 will be allocated as secondary cash gross dividend. Total gross dividend of TL 1.600.000.000 equal to 40% of the paid in capital, will be distributed to shareholders,
- Cash dividend payment to start from 28th of March, 2018,
- In accordance with the first paragraph clause (f) of article 5 of the Corporate Tax Law, TL 7.122.847,50 which is exempt from corporate tax to be allocated to a "Special Fund Account"; and after allocating TL 140.000.000 to Legal Reserves, the remaining profit will be retained under Extraordinary Reserves.