Turkiye Garanti Bankasi A.S. Announces Outcome of Ordinary General Shareholders' Meeting

The Bank of Turkiye Garanti Bankasi A.S. conducted its Ordinary General Shareholders' Meeting on March 27, 2024, summarizing key decisions for the 2023 financial year. Held in Istanbul, the assembly approved several critical agendas including the Board of Directors' Integrated Annual Activity Report and the Financial Statements for 2023.

Of notable interest, an amendment to Article 7 of the Bank's Articles of Association received approval, following endorsements from pertinent regulatory authorities. Furthermore, a notable dividend distribution from the 2023 profit amounting to TL 87,331,719,888.51 was ratified, with distributions scheduled to commence on March 29, 2024.

The meeting also saw the election and re-election of Board members for varying terms, alongside the selection of Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (EY) as the auditor for the 2024 accounting period. Additionally, the assembly established upper limits for Board member remuneration and charitable donations for 2024. Insights into the profit utilization and other statutory disclosures formed part of the deliberations, emphasizing transparency and adherence to corporate governance principles.