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Disclosures

02.03.2017

At the Meeting of Board of Directors of the Bank dated 02.03.2017, the date and time of the 64th Ordinary General Assembly Meeting of our Bank for the fiscal year of 2016 has been changed and decided to be held on March 31, 2017, Friday, at 10:00 a.m. at the headquarters located at Emniyet Evleri Mah. Eski Büyükdere Cad. No: 1/1A Kağıthane/İSTANBUL and due to a reason of not being able to held the meeting or obtain the meeting quorum, the second meeting to be held on April 17, 2017, Monday, at the same time and at the same place with the same agenda and to vest the General Management to make all necessary preparations regarding Ordinary General Assembly by Board of Directors of the Bank.

AGENDA

  1. Opening & Establishment of Presidential Board and to authorize the Presidential Board to sign the Minutes of Ordinary General Assembly.
  2. Reading Board of Director’s Annual Report and discussion.
  3. Reading Audit Summary Report and selection of Auditor for the year 2017.
  4. Reading of Balance Sheet and Profit & Loss, Discussions, and Approval.
  5. Approval of the substitute Members of Board of Directors who are assigned to serve residual term of membership of Board of Directors.
  6. To discharge Board of Directors.
  7. To discuss and approve the distribution of 2016 profit.
  8. Resolution of the Board of Directors regarding the buyback of Şekerbank stocks and informing our shareholders about the stocks which are bought back,
  9. According to the permission granted by the Banking Regulation and Supervision Agency dated 19.01.2017 and numbered 7208, hereby informing the shareholders about the establishment of a partnership as planned to be transformed into real estate investment partnership. Provided that the demerger plan is submitted to the approval of the shareholders at the Extraordinary General Assembly which shall be held after obtaining the necessary legal permissions,authorization to be granted to the board of directors to determinate of demerger method, to start legal proceedings andto obtain the necessary permitswithin the scope of the relevant legislation.
  10. Election of Members of Board of Directors and determination of their terms of office and to set Board of Directors compensations.
  11. To furnish information on donations of 2016 to our shareholders.
  12. To consent to Board of Directors to do business with the Bank according the Turkish Commercial Code 395 & 396.
  13. Requests & Closing.
01.03.2017

At the meeting dated 01.03.2017 of our Board of Directors; It has been decided to procure an independent audit service for the Bank from DRT Bağımsız Denetim and Serbest Muhasebeci Mali Müşavirlik AS (Deloitte) for 2017-2018 and 2019 financial period

01.03.2017

The Board of Directors of the Bank decided to distribute the Bank’s profit according to the independently audited financial statements for year 2016 is TL 125.193.885,47 under the provisions of the Articles of Association and the Turkish Commercial Code as;

  • 5 % amounting to TL 6,259,694.27 to the Legal Reserves Account,

     

  • TL 17,100,151.34 to the Special Funds Account within the item “5/1-e” of Corporate Tax Law numbered 5520,    

     

  • Remaining amount after the distribution to legal reserves and special funds accounts, which is TL 101,834,039.86 to the Extraordinary Reserves, and

 

On the other hand, TL 35,990,287.30 of TL 50,831,388.87, which is the previous year’s income, to the Special Funds Account within the item “5/1-e” of Corporate Tax Law numbered 5520; and the remaining amount to TL 14,841,101.57 to be transferred to Extraordinary Reserves .

10.02.2017

Fitch Ratings has updated Şekerbank's Long Term Foreign Currency and Local Currency Ratings as 'B+', Short-Term Foreign Currency and Local Currency Ratings as 'B'; Financial Capacity Rating as b+; and Support Rating as 5, Long Term National Credit Rating as ‘A(tur)’ and its outlook is Stable.

23.02.2017

Şekerbank was announced the authorization of General Management by the Board of Directors of the Bank with the decision dated 26/01/2017 in order to apply to CMB for further issuances under the Covered Bond with different series and maturities, and having fixed and/or floating interest rates to be determined in accordance with market conditions at the issuance times, up to TL 600,000,000 in total to be sold in abroad, without being offered to public within a period of one year. Within the scope of this authorization, an application for the issue ceiling limit of TL 600,000,000 was made to the CMB.

30.01.2017

The Board of Directors of the Bank has authorized General Management with the decision dated 26/01/2017 in order to apply to CMB for further issuances under the Covered Bond with different series and maturities, and having fixed and/or floating interest rates to be determined in accordance with market conditions at the issuance times, up to TL 600,000,000 in total to be sold in abroad, without being offered to public within a period of one year.

 25.01.2017

Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş. (Kobirate) upgraded the Bank’s Corporate Governance Rating to 9.19 (91.90%) for the year 2016, up from 9.17 (91.70%) for 2015.

Being the first bank to obtain corporate governance grade in Turkey in 2008, Şekerbank’s rating scores by subcategories for the years 2015 and 2016 are stated below:

 

                                                                            

 

Sub Categories

 

 

Weight

 

 

2015

 

 

2016

 

 

Shareholders

 

0.25

 

 

%91,53

 

 

%91,77

 

 

Public Disclosure and Transparency

 

0.25

 

 

%91,51

 

 

%91,67

 

 

Stakeholders

 

0.15

 

 

%95,34

 

 

%95,34

 

 

Board of Directors

 

0.35

 

 

%90,48

 

 

%90,81

 

 

Total

 

1.00

 

 

%91,70

 

 

%91,90

 

                

The Bank's 2016 corporate governance rating report is accessible on the Bank's web site (www.sekerbank.com.tr).

27.12.2016 

TL 102.645.171,45.- part of the non-performing loans portfolio of Bank has been sold to Hedef Varlık Yönetim A.Ş. , Mega Varlık Yönetim A.Ş. and Birleşim Varlık Yönetim A.Ş. for TL 3.900.000.

25.11.2016 

Within the scope of the Covered Bond program, our Bank has issued securities valued at TL 180.000.000. The maturity date of the said securities is 13.09.2021; and the investor of the issuance is World Bank's International Finance Corporation (IFC). The relevant funding is going to be used to finance craftsmen, business and Small and Medium-Sized enterprises.

18.10.2016 

Our Bank was announced that authorization has been acquired from the Capital Markets Board to issue debt instruments such as bond or other similar debt instruments having the force of secondary subordinated debt, which amount up to USD 300 million or equal amount in Turkish Lira or foreign currency in total, of various compositions or maturities up to 10 years at most, with repayment option at the 5th year and fixed and/or variable interest rates, for once or multiple times, on the condition of selling such debt instruments to real and legal persons residing out of Turkey. Accordingly, Bank ABC, Commerzbank, Emirates NBD Capital, Nomura, Standard Chartered Bank and UniCredit Bank have been authorized to organize a series of investor meetings in relation to the said issuance.

30.09.2016 

TL 139.587.429.- part of the non-performing loans portfolio of Bank has been sold to Final Varlık Yönetim A.Ş. and Mega Varlık Yönetim A.Ş. for TL 7.150.000.

07.09.2016 

JCR Eurasia Rating has affirmed the credit ratings of Şekerbank T.A.Ş. as ‘AA-(Trk)’ on the Long Term National Scale, ‘A-1+(Trk)’ on the Short Term National Scale, redetermined the outlooks are “Negative”. JCR maintained the credit ratings of the Bank as ‘BBB- (Trk)’ on the Long Term International Foreign Currency Scale along with ‘Stable’ outlooks.

15.07.2016
Şekerbank has acquired a syndication loan of about US$ 130 million composed of two separate trenches of € 99.5 million and USD$ 18 million with maturities as 364 and 367 days respectively. The loan agreement was signed on July 14, 2016. The total cost of the loan to be used to finance foreign trade is LIBOR/EURIBOR+ 1.20% for 364 days and LIBOR/EURIBOR+ 1.30% for 367 days.

14.07.2016
Our Bank has already announced that authorization has been acquired from the Capital Markets Board to issue debt instruments such as bond or other similar debt instruments having the force of secondary subordinated debt, which amount up to USD 300 million or equal amount in Turkish Lira or foreign currency in total, of various compositions or maturities up to 10 years at most, with repayment option at the 5th year and fixed and/or variable interest rates, for once or multiple times, on the condition of selling such debt instruments to real and legal persons residing out of Turkey. Accordingly, Bank ABC, Commerzbank, Emirates NBD Capital, Nomura, Standard Chartered Bank and UniCredit Bank have been authorized to organize a series of investor meetings in relation to the said issuance.
 
24.06.2016
TL 228,880,293.- part of the non-performing loans portfolio of Bank has been sold to Hedef Varlık Yönetim A.Ş. for TL 8,650,000.-.

23.06.2016
Visa Europe Ltd, the payment systems company to which our Bank was also a member, has been transferred to Visa Inc. operating in the same field, and € 4,334,416.73 that accrue for our Bank from this transaction, has been credited with our Bank's accounts. Within the scope of the said sales, our Bank has also acquired 1574 units of C type shares of Visa Inc.

29.04.2016
The auction sale of Şekerbank T.A.Ş. shares as specified in our PDP (Public Disclosure Platform) disclosure of 28/04/2016 has been performed today, and 9.43% shares in question have been purchased by our Bank for a price of TL 175 million.

28.04.2016
In order to purchase Şekerbank T.A.Ş. shares that have been put up for sale through auction on the basis of "Securities Auction Announcement" made by R.O.T. 14th Enforcement Office of Istanbul under the Docket No. 2016/ 5236, our Board of Directors decided on 27.04.2016 for participation in the said auction as per the Capital Market legislation.

25.03.2016
On March 24, 2016, the international credit rating agency Moody's updated our Bank's Long Term International Foreign Currency and Local Currency Bank Deposits Ratings from "Ba2" to "Ba3", Baseline Credit Assessment (BCA) from "ba3" to "b1", Adjusted BCA from "Ba1/Prime-3" to "Ba2/Not Prime", and Sovereign Rating from "A3.tr" to "Baa1.tr". Moody's has confirmed our Bank's outlook as Negative, Short Term International Foreign Currency and Local Currency Bank Deposits Ratings as "Not-Prime" and Short Term Bank Deposits Ratings as "TR-2".

04.03.2016
Our bank has previously announced to the public that permissions will be acquired from the relevant institutions and governmental authorities in relation to the transfer of 224,353,416.49 Şekerbank T.A.Ş. shares that represent 19.37% of Şekerbank T.A.Ş. capital and belong to the National Wealth Fund "Samruk-Kazyna" JSC ("SK") to "Kazkommertsbank" JSC ("KKB"). The application made to the Competition Authority in this context has been permitted with the Competition Board resolution number 16-06/122-56.
 
26.02.2016
The Board of Directors of the Bank decided to be held the 63th Ordinary General Assembly Meeting of our Bank for the fiscal year of 2015 on March 30, 2016, Wednesday, at 11:00 a.m. at the headquarters located at Emniyet Evleri Mah. Eski Büyükdere Caddesi No: 1/1A Kağıthane/İSTANBUL for the purpose of discussing and resolving the agenda items and due to a reason of not being able to held the meeting or obtain the meeting quorum, the second meeting to be held on April 15, 2016, Friday, at the same time and at the same place with the same agenda and to vest the General Management to make all necessary preparations regarding Ordinary General Assembly.

26.02.2016
The Board of Directors of the Bank decided that the Bank’s profit according to the independently audited financial statements for year 2015 is TRL 102,648,579.42 under the provisions of the Articles of Association and the Turkish Commercial Code as;
•5 % amounting to TRL 5,132,428.97 to the Legal Reserves Account,
•To keep in Special Funds Account for 5 years to benefit from exception mentioned in the item “5/1-e” of Corporate Tax Law numbered 5520; 75 % of sales income of foreclosed assets of the Bank amounting to TRL 12,658,037.48, 75 % of sales income of Master Card shares amounting to TRL 16,660,238.99 and sales income of Bank’s buildings amounting to TRL 550,356.06 in total of TRL 29,868,632.53 to the Special Funds Account, 
•Remaining amount after the distribution of legal reserves and special funds TRL 67,647,517.92 to the Extraordinary Reserves,

On the other hand, previous year’s income in total TRL 3,965,122.20 that contains sales income of Bank’s buildings amounting to TRL 2,649,005.65 to be transferred to Special Funds Account to keep in this account for 5 years to benefit from exception mentioned in the item “5/1-e” of Corporate Tax Law numbered 5520; and remaining amount of previous year’s income amounting to TRL 1,316,116.55 to be transferred to Extraordinary Reserves 

12.02.2016
Fitch Ratings has confirmed Şekerbank's Long Term International Foreign Currency and Local Currency Ratings as 'BB-', Short-Term Rating as B; Sovereign Rating as A+(TUR); Financial Capacity Rating as bb-; and Support Rating as 5, and disclosed its appearances as negative.

08.02.2016
According to the Board of Directors decision Servet Taze would be appointed as the General Manager following the approval of the BRSA and the General Manager Halit Yıldız would be appointed as the member of Board of Director.

26.01.2016
On January 26, 2016, Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş. (Kobirate) upgraded the Bank’s Corporate Governance Rating to 9.17 (91.70%) for the year 2015, up from 9.11 (91.10%) for 2014.

Being the first bank to obtain corporate governance grade in Turkey, Şekerbank’s rating scores by subcategories for the years 2014 and 2015 are stated below:
 

Sub Categories

Weight

2014

2015

Shareholders

0.25

91,05%

91,53%

Public Disclosure and Transparency

0.25

90,68%

91,51%

Stakeholders

0.15

94,67%

95,34%

Board of Directors

0.35

89,93%

90,48%

Total

1.00

91,10%

91,70%

 

The Bank's 2015 corporate governance rating report is accessible on the Bank's web site (www.sekerbank.com.tr).

31.12.2015

The statement made to our Bank by Şekerbank T.A.Ş. Voluntary Pension Fund, Samruk Kazyna JSC and Kazkommertsbank JSC, which are the majority shareholders of our bank, is as follows:

Kazkommertsbank JSC has agreed with Şekerbank T.A.Ş. Voluntary Pension Fund, which has 35.44% of Şekerbank T.A.Ş., on selling its own 10.91% share in the capital of Şekerbank T.A.Ş. plus the 19.37% share it will purchase from Samruk Kazyna JSC, both of which amount to 30.28% share in total, to a new strategic investor. Şekerbank T.A.Ş. Voluntary Pension Fund, which will remain as the majority shareholder of the Bank, will have a new strategic partner with the sale of the said Şekerbank shares that belong to Kazkommertsbank JSC. Kazkommertsbank JSC has authorized InterConsult Uluslararası Finansal Danışmanlık ve Gayrimenkul Yatırım Ltd. Şti. to carry out the sales process of the shares and the negotiations to be made with the strategic partner.

30.12.2015

The Share Purchasing Agreement ("SPA") on purchasing of 224,353,416.49 Şekerbank T.A.Ş. shares that represent 19.37% of Şekerbank T.A.Ş. capital and belong to the National Wealth Fund "Samruk-Kazyna" JSC' ("SK") by "Kazkommertsbank" JSC ("KKB") was signed on December 30, 2015. According to the SPA, the sales process (transfer of the shares and payment of the price) will be carried out within the framework of meeting the necessary requirements including the fulfillment of the terms of the current Shareholders Agreement made with Şekerbank T.A.Ş. Voluntary Pension Fund, the other majority shareholder of the Bank, and obtainment of the necessary boards' decisions and the permissions to be received from the relevant government authorities. The sales price is going to be determined at the share transfer date.

18.12.2015

Within the scope of the Covered Bond program, our Bank has issued securities valued at TRY 319,400,000. The maturity date of the said securities is 12.03.2019; and the investor of the issuance is European Investment Bank (EIB). The relevant funding is going to be used to finance Small and Medium-Sized enterprises.

17.12.2015

Our Bank's non-performing receivables from personal loans including the consumer loans and credit cards, which are monitored in the accounts of Receivable to be Liquidated and the total principal balance of which is TRY 29,943,774.- were sold to Destek Varlık Yönetim A.Ş. on 16.12.2015 for TRY 3,600,000.- to be collected in cash.

11.12.2015

Şekerbank has obtained a syndication loan of almost USD 115 million with 5-year and 3-year maturities. The said syndication loan composed of TRY, EURO and USD currencies has been given under the leadership of FMO (Dutch Development Bank) and KDB (Korea Development Bank).

30.11.2015

With our disclosure in re, it was announced that our Bank has filed application with the Capital Markets Board ("CMB") to make issuance up to TRY 1,000,000,000 of various compositions and maturities, with fixed and/or variable interest rates to be determined depending on the market conditions at the date of issuance, to be sold to qualified investors at home or abroad through private placement and through or not through public offering, within one year period under the Covered Bond program. It was announced in CMB's Weekly Bulletin number 2015/31 of 27.11.2015 that our said application has been approved.

23.10.2015

In accordance with the Şekerbank Board of Directors decision dated 26.08.2015, the General Management has been authorized to issue within one year period the local bond under the ACB (Assets Covered Bonds) program in the amount of up to TL 1,000,000,000 with fixed and/or floating interest rates,  in various schemes and maturities, to be sold to qualified investors through  public offering and/or private placements in the local market or abroad,. Within this authorization frame, an application for the bond issuance limited to TL 1,000,000,000 was filed to the CMB. 

27.07.2015

JCR Eurasia Rating has affirmed the credit ratings of Şekerbank T.A.Ş. as ‘AA-(Trk)’ on the Long Term National Scale and as ‘BBB- (Trk)’ on the Long Term International Foreign and Local Currency Scales along with ‘Stable’ outlooks.

20.07.2015

The increase of our Bank's issued capital from TL 1,087,186,884 to TL 1,158,000,000 by TL 45,813,116 rise in cash and TL 25,000,000 rise from the internal resources was registered by Istanbul Trade Registration Office on 15.07.2015, thus completing the capital increase process.

13.07.2015

Şekerbank has acquired US$ 75 million loan with 5-year maturity from the IFC (International Finance Corporation). The agreement for this loan was signed on 13.07.2015, and the loan will be used for financing SMEs, micro-enterprises, agricultural enterprises and farmers.

24.06.2015

The simultaneous transfer of the assets and liabilities between our Bank's indirect partner Kazkommertsbank JSC ("KKB") and its subsidiary BTA Bank JSC ("BTA") has been carried out by approval of the Kazakh Central Bank, and in consequence of this transaction, the BTA Securities JSC, which was 100% subsidiary of the BTA and has 10.91% share in our Bank's capital, has been transferred to the KKB. In consequence of this transaction, the rate of the share held indirectly by the KKB in our Bank's capital has risen from 10.81% to 10.91%.

24.06.2015

Şekerbank has acquired a syndication loan of US$ 134.6 million composed of two separate trenches of US$ 54 million and € 71 million with maturities as 364 and 367 days respectively. The loan agreement was signed on June 24, 2015. The total cost of the loan to be used to finance foreign trade is LIBOR/EURIBOR+ 1.20% for 364 days and LIBOR/EURIBOR+ 1.30% for 367 days.

29.04.2015

According to the Board of Directors’ decision dated 29.04.2015 and numbered 100, the Board of Directors Member Murat Ishmukhamedov has been appointed as the Audit Committee Member due to the end of the term of Halil Can Yeşilada.

30.03.2015

The Bank sold uncollectable non-performing commercial and consumer loans including credit cards amounting to TRL 209.057.111 on 30 March 2015 at total TRL 15.100.000 in cash to Güven Varlık Yönetim A.Ş. - for TRL 2.200.000, to Destek Varlık Yönetim A.Ş. for TRL 7.200.000 and to Final Varlık Yönetim A.Ş. for TRL 5.700.000.

03.03.2015

According to the letter sent by BTA Securities JSC, one of the main shareholders of the bank, and Kazkommertsbank JSC, the indirect shareholder of the Bank, , Kazkommertsbank JSC has raised the shares of BTA Bank JSC to 99,09% by taking over the 47,415% of the shares of BTA Bank JSC owned by Kenes Rakishev and 4,26% of the shares of BTA Bank JSC owned by Samruk Kazyna; and Kenes Rakishev has become a main shareholder of Kazkommertsbank JSC by taking over the 16,02% of the shares of Kazkommertsbank JSC. Following the said share transfer, Kazkommertsbank JSC and Kenes Rakishev have become indirect shareholders of the bank in the ratio of 10,81% and 1,73%, respectively, due to the fact that BTA Securities JSC, which has 10,91% shares of our Bank, is fully owned by BTA Bank JSC.

25.02.2015

At the Board meeting dated 25.02.2014; it was resolved as follows:
Pursuant to the Articles of Association of our Bank and the provisions of Turkish Commercial Code, of the balance TL 209,244,721.43 remaining after deducting TL 14,724,344.03 deferred tax revenue excluded of the profit distribution from TL 223,969,065.46 that is the actual profit according to the year 2014 financial statements of our Bank audited independently, 
- TL 10,462,236.07 corresponding to 5% will be transferred to the Legal Reserves Account, and 
- TL 198,782,485.36 remaining after transfer to the Legal Reserves Account, TL 14,724,344.03 that is the deferred tax revenue, and TL 63,947.43 in the retained earnings account, all of which total to TL 213,570,776.82, are transferred to the Extraordinary Reserves account.

23.02.2015

Fitch Ratings has confirmed Şekerbank's Long Term International Foreign Currency and Local Currency Ratings as 'BB-', Short-Term Rating as B; Sovereign Rating as A+(TUR); Financial Capacity Rating as bb-; and Support Rating as 5, and raised its appearances from negative to stable.

19.02.2015

Upon the Board resolution number 43 dated 17.02.2015; it was resolved to create the "Committee for Early Detection and Management of Risk" to be responsible for early detection of the reasons that compromise the existence, development and continuation of the Bank, implementation of the necessary measures and remedies against them and management of the risk under article 378 "Early Detection and Management of Risk" of Turkish Commercial Code with the participation of the Executive Vice Presidents in charge of Internal Control and Risk Management, Internal Audit, Financial Control Budget and Strategic Planning, Corporate and Commercial Credit Management and Tracking under the chair of Internal Systems Officer of our Bank.

18.02.2015

Abdullah Yücel Akbulut, one of our Executive Vice Presidents, is going to resign on 01.03.2015.

17.02.2015

Upon the Board resolution number 44 dated 17.02.2015, it was resolved to appoint Ali Güray Demir as executive vice president, provided that this will be valid upon the approval of Banking Regulation and Supervision Agency.

17.02.2015

Our Board of Directors has decided to hold the 62nd Ordinary General Assembly Meeting on the year 2014 activities of our Bank at the address of Şekerbank T.A.Ş. Genel Müdürlüğü Büyükdere Cad. No:171 Metrocity A Blok Esentepe-Mecidiyeköy/ISTANBUL at 11 p.m. on March 19, 2015 Thursday; to hold the second meeting, if the abovementioned meeting cannot be held for any reason whatsoever, or if the meeting quorum cannot be achieved, at the same place and hour on April 9, 2015 Thursday with the same agenda; and to authorize the Head Office to carry out the announcement, correspondence and all the other preparations in relation to this meeting.

13.02.2015

The bill code no. TRQSKBK21510 ISIN with 178-day maturity and TL 500,000,000 nominal value has arrived at its maturity today, and the relevant redemption transactions have been performed.

12.02.2015

Reference: Our material event disclosures on 06.02.2015. 

Through our disclosures specified in reference, we had announced the Issuer Information Document, Capital Market Intermediary Institution Note and Summary approved by the Capital Markets Board on February 03, 2015 with regard to the issuance of the bills with a nominal value of 200 million Turkish Liras through public offering. 

Please the find attached the results of the issuance of discount bond with 200.000.000 Turkish Liras total nominal value and 179-day maturity issued by Şekerbank T.A.Ş. on the basis of the permission number 29833736-105.03.01-288-1362 granted by the Capital Markets Board on 05.02.2015.

06.02.2015

On 06.02.2015, the rating company Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş. announced our Bank's Corporate Governance rating score as 9.11 (91.10%). 

Our Bank's Corporate Governance score for the year 2015 is itemized as follows.

Sub-Categories Weight Rates in 2015
Shareholders 0.25 91.05%
Public Disclosure and Transparency 0.25 90.68%
Stakeholders 0.15 94.67%
Board of Directors 0.35 89.93%
Total 1.00 91.10%

14.01.2015

Reference: Our disclosure on 10.09.2014. 

With our disclosure specified in reference, it had been announced that SPK has approved the CB issuance certificates up to TL 750,000,000 in total. 

Within this scope, our Bank has authorized Commerzbank and Unicredit Bank to organize a series of investor meetings in Europe to start on January 19. The transaction is the initial market CB transaction to be offered to the investors in Europe only; and the issuance will be performed as per the market conditions.

08.01.2015

The necessary applications were filed with the Capital Markets Board and Borsa Istanbul A.Ş. with regard to issuance of debt instruments in TL up to TL 500,000,000 domestically by our company in one or multiple times, by selling the same to qualified investors or through private placement through or not through public offering.

06.01.2015

Upon the Board resolution dated 06.01.2015, our Head Office has been authorized to issue bills or bonds up to TL 500 million with a maturity up to 5 years, and to make the legal applications with regard to this issue.

31.12.2014
On 30.12.2014, we signed a €25 million credit agreement with Oesterreichische Entwicklungsbank AG (OeEB) with a maturity of seven years. This credit will be used to finance the energy efficiency and renewable energy investments of the retail customers and SMEs.

12.12.2014
Upon the Board resolution no. 380 dated 12.12.2014, the regulation regulating the working principles of the Corporate Governance Committee has been updated, and the Committee Members have been determined as follows:
Hasan Basri GÖKTAN - Chairman of the Board of Directors
Halil Can YEŞİLADA - Member of the Board of Directors
Khosrow Kashani ZAMANİ - Member of the Board of Directors
Ulf WOKURKA - Member of the Board of Directors
Murat ISHMUKHAMEDOV - Member of the Board of Directors
Selim Güray ÇELİK - Executive Vice President and Investor Relations Manager
The working principles of the Corporate Governance Committee, Audit Committee, Credit Committee and Remuneration Management Committee, which are directly accountable to the Board of Directors, are available in the Corporate Governance Principles Compliance Report and Activity Report published in our Bank's website.

19.11.2014
Within the scope of Turkey Residential Energy Efficiency Finance Facility (TuREEFF) program intended for supporting the energy efficiency and renewable energy investments of the retail customers and enterprises, our Bank has signed a 60-million-dollar credit agreement with the European Bank for Reconstruction and Development (EBRD). The USD 12 million tranche of the credit has been funded by Clean Technology Fund (CTF) with a maturity of 15 years, while EBRD has provided the other USD 48 million tranche with a maturity of 5 years.

06.11.2014
Although the related Banking Regulation and Supervision Agency (BDDK) approval process is ongoing, our Bank has learned that the Samruk Kazyna, one of our Bank's main partners, has transferred a huge part of its 97.26% share in the BTA Bank as follows: 47.97% to Kazkommertsbank JSC and 46.50% to K. Rakishev. Since BTA Securities JSC, which has 10.82% share in our Bank, is 100% affiliate of BTA Bank JSC, the Kazkommertsbank JSC (5.19%) and Kenes Rakishev (5.03%) have become indirect partners of our bank in consequence of the abovementioned share transfer with a total share of 10.22%. 

After the said transfer, Samruk Kazyna, which had 20.17% direct share and 10.52% indirect share through BTA Securities JSC that is under the managerial control of Samruk Kazyna in our Bank, now has 20.17% direct and 0.30% indirect shares totaling to 20.47% shares in our Bank's capital. 

The final situation will be shared with the public after BDDK's resolution on this issue.

04.11.2014
The increase of our Bank's issued capital from TL 1,000,000,000 to TL 1,087,186,884 by TL 87,186,884 rise in cash was registered by Istanbul Trade Registration Office on 04.11.2014, thus completing the capital increase process.

04.11.2014
Samruk Kazyna, one of our Bank's main partners, has transferred a huge part of its 97.26% share in the BTA Bank as follows: 47.97% to Kazkommertsbank JSC and 46.50% to K. Rakishev. 

Since BTA Securities JSC, which has 10.82% share in our Bank, is 100% affiliate of BTA Bank JSC, the Kazkommertsbank JSC and K. Rakishev have become indirect partners of our bank in consequence of the abovementioned share transfer. The BDDK approval process of this subject is ongoing.

03.11.2014
Our Bank has applied to the Capital Markets Board for the approval of the prospectus with regard to increasing our Bank's issued capital from TL 1,087,186,884 to TL 1,167,186,884 by TL 55,000,000 in cash plus TL 25,000,000 from the internal resources.

30.10.2014
The 2-year contract that we had signed with ISS Corporate Services, Inc. (ICS) on 06.11.2012 for the corporate governance rating of our Bank is going to expire on 06.11.2014. On 28.10.2014, our Bank signed a 2-year contract with Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş. for the corporate governance principles rating of our Bank.
10.09.2014
The Capital Markets Board of Turkey approved our Covered Bond Issue instrument up to TL 750.000.000 in total.

20.08.2014
The Capital Markets Board of Turkey approved our new Covered Bond issue limit up to TL 750.000.000 in total.

10.07.2014
On 10/07/2014, with our Board's decision dated 10/07/2014, it was decided to increase our Bank's paid-up capital of TL 1,087,186,884 to TL 1,167,186,884 by a total increase of TL 80,000,000 (7.35844%) of which, TL 25,000,000 (2.29951%), composed of TL 4,261,304.11 from affiliate and real estate sales profits, TL 4,263,471.37 from the share issuance premiums, TL 16,475,224.52 from the extraordinary reserves, is to be met from internal sources and TL 55,000,000 (5.05893%) is to be provided in cash.

02.07.2014
On 02/07/2014, in the process of increasing Şekerbank's issued capital from TL 1,000,000,000 to TL 1,125,000,000 by TL 125,000,000 (12.50%), it was announced that the share with the nominal value of TL 37,813,116 that could not be sold was canceled. As of 03/07/2014, in calculation of the share Indexes, the number of the shares of the companies will be considered to be 1,087,186,884, and the rate of the actual circulating shares as 9%.
27.06.2014
On 27/06/2014, international credit rating agency JCR Eurasia Rating rated Şekerbank T.A.Ş. in the category of highly investable and confirmed its Long-Term Sovereign Rating as 'AA-(Trk)', Long Term International Foreign Currency and Local Currency Ratings as 'BBB-', Short-Term Sovereign Rating as A-1+ (Trk), Long Term International Foreign Currency and Local Currency Ratings as A-3, and its appearances as (Stable).

26.06.2014
On 26/06/2014, Şekerbank received syndication loan of approximately US$ 150 million in total with one year maturity and composed of two tranches of US $32 million and €85.5 million. The loan agreement was signed on 25/06/2014. The total cost of the loan to be used to finance foreign trade is LIBOR+1.40 (EURIBOR+1.40).

29.04.2014
On 29/04/2014, the necessary applications were filed with the Capital Markets Board and Borsa Istanbul A.Ş. with regard to issuance of debt instruments in TL up to TL 500,000,000 at home by our company in one or multiple times, by selling the same to qualified investors or through private placement through or not through public offering.

24.04.2014
On 24/04/2014, application was filed with the Capital Markets Board, requesting that the prospectus prepared within the scope of increasing our Bank's issued capital from TL 1,000,000,000 to TL 1,125,000,000 with TL 125,000,000 cash increased is approved.

04.04.2014
An application was filed with the CMB on 04/04/2014 for a new CB issue limit up to TL 750,000,000 in total with fixed and/or variable interest rates to be determined as per the market conditions at the issuance date, in various arrangements and maturities to be sold through or not through public offering, to qualified investors and/or through private placement at home or abroad within a period of one year.
03.03.2014

ISS Corporate Services, Inc. (ICS), corporate governance rating agency announced Şekerbank’s corporate governance rating as 9,09 (%90,91) by using the new methodology in the direction of CMB as of February 07, 2014. ICS has announced the previous rating score as 9, 07 (%90,74) of the Bank by using new methodology in order to provide comparison with 2013 rating score . 

The composition of 2013 and 2014 Şekerbank’s rating score by subcategories is shown as below.

Subcategories Weight 2013 Assigned Score 2014 Assigned Score
Shareholders 0.25 9,55 (%95,53) 9,77 (%97,79)
Public Disclosure and Transparency 0.25 8,94 (%89,44) 8,57 (%85,78)
Stakeholders 0.15 9,24 (%92,40) 9,43 (%94,39)
Board of Directors 0.35 8,75 (%87,53) 8,81 (%88,17)
Total 1.00 9,07 (%90,74) 9,09 (%90,91)

27.02.2014

The Board of Directors of the Bank has authorized General Management with the decision dated 26/02/2014 in order to increase the maximum amount of the Program, which contractually allows issuances up to TL 800,000,000, to TL 1,500,000,000; also to apply to CMB for further issuances under the Asset Covered Bond with different series and maturities, and having fixed and/or floating interest rates to be determined in accordance with market conditions at the issuance times, up to TL 750,000,000 in total to be sold inside Turkey, with or without being offered to public, to qualified investors, by private placement or outside Turkey.

27.02.2014

The three-year term with the amount of TL 361.846.000 issuance under Asset Covered Bond program has been carried out. The financing has been obtained by performing the other process required including the treasury financing.

26.02.2014

It has been decided in Board of Directors Meeting dated on February 26, 2014 to distribute the Bank’s profit according to the independently audited financial statements for year 2013 is TRY 210.216.215,69 under the provisions of the Articles of Association and the Turkish Commercial Code as; 

  - 5 % amounting to TRY 10.510.810,78 to the Legal Reserves Account,
  - Remaining amount after the distribution of TRY 199.705.404,91 to be transferred to the Extraordinary Reserves,

26.02.2014

The 61th Ordinary General Assembly Meeting of our Bank for the fiscal year of 2013 has been decided to be held on March 26, 2014, Wednesday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe-Mecidiyeköy/İSTANBUL for the purpose of discussing and resolving the agenda items and due to a reason of not being able to held the meeting or obtain the meeting quorum, the second meeting to be held on April 14, 2014, Monday, at the same time and at the same place with the same agenda and to vest the General Management to make all necessary preparations regarding Ordinary General Assembly by Board of Directors of the Bank.

AGENDA

1. Opening & Establishment of Presidential Board and to authorize the Presidential Board to sign the Minutes of Ordinary General Assembly.
2. Reading Board of Director’s Annual Report and discussion. 
3. Reading Independent Audit’s Summary Report. 
4. Reading of Balance Sheet and Profit & Loss, Discussions, and Approval. 
5. To discharge Board of Directors.
6. To discuss and approve the distribution of 2013 profit.
7. Amendment of the article 23 of the Articles of Association of the Bank as proposed by Board of Directors.
8. Reelection of Members of Board of Directors and determination of their terms of office.
9. To set Board of Directors compensations.
10. To furnish information on donations of 2013 to our shareholders.
11. To inform the shareholders regarding guarantee, bail, mortgage, on its own behalf and in favor of the third persons given and revenue or benefits derived.
12. To consent to Board of Directors to do business with the Bank according the Turkish Commercial Code 395 & 396.
13. Requests & Closing.

07.02.2014

ISS Corporate Services, Inc. (ICS), an international corporate governance rating agency certified by the Capital Markets Board of Turkey, announced Şekerbank’s corporate governance rating, as 9,09 (%90,91) in consequence of annual ordinary assessment. In the direction of CMB, the new methodology has been used for this rating. The composition of 2013 Şekerbank’s rating score by subcategories is shown as below.

Subcategories Weight Assigned Score
Shareholders 0.25 9,77 (%97,79)
Public Disclosure and Transparency 0.25 8,57 (%85,78)
Stakeholders 0.15 9,43 (%94,39)
Board of Directors 0.35 8,81 (%88,17)
Total 1.00 9,09 (%90,91)


30.01.2014

The Bank's paid-up capital has been decided to be increased to 1,125,000,000 from 1.000.000.000 TL by 125 million TL in cash with the decision of Board of Directors dated 30.01.2014.

30.01.2014


General Management has been authorized by the Board of Directors to issue bonds and/or bills up to TL 500 million and not to exceed 5 years, and make the necessary applications with the related authoties with the decision of Board of Directors dated 30.01.2014.
24.12.2013
In accordance with the related decision of the Board of Directors and Asset Covered Bond program, authorization has been done in order to provide financing with the maximum amount of 130 million EUR up to 3 years and fulfill the process including related treasury transaction

12.12.2013
A subordinated loan agreement with the amount of 37,9 million USD and 10 year tenor has been signed between Europen Bank for Reconstruction and Development (EBRD) and Şekerbank T.A.Ş. in order to finance especially women entrepreneurs, agricultural sector and small and medium sized enterprises.

11.12.2013
Following the approval of BRSA dated 02.12.2013, numbered 29887, an agreement has been signed with ECO Trade and Development Bank (ETDB) for the purpose of providing subordinated loan which has the qualifications that are defined in the 8th article of the regulation regarding the Banks’ Equity of BRSA, with the amount of 10 million USD and 10 year tenor on December 11, 2013 in order to finance small and medium sized enterprises.

03.12.2013
It has been announced that General Management has been authorized to fulfil the necessary process for the issuance of the debt instrument has the characteristic of supplementary capital, providing that the sale to real and legal persons resident outside Turkey, by the Board of Directors and the approval of Capital Markets Board with the disclosures of the Bank dated 10.06.2013 and 11.09.2013. Banking Regulation and Supervision Agency has approved the said issuance up to 300 million USD.

28.11.2013
Within the scope of Şekerbank T.A.Ş. Asset Covered Bond program; Issuance of the first tranche of the year 2013 with the amount of 135.975.000 TL which Kreditanstallt für Wiederaufbau (KfW) is the investor, has been completed. Issuance amount has been booked. Issue Agreement, Subscription Agreement and Make-Whole and Put Agreement have been signed.

19.11.2013
Within the scope of the issuance document which includes the issuance ceiling with the amount of 500 million TL approved by Capital Markets Board on 28.10.2013; issuance document regarding 50 million EUR equivalent to TL Asset covered bond, will be issued on abroad, has been approved by Capital Markets Board.

07.11.2013
Pursuant to the resolution of the Board of Directors dated 20.03.2013 and no:95; General Management has been authorized in order to be issued next Asset Covered Bond which will be issued under the Bank’s Asset Covered Bond program, has fixed and/or variable interest rates that will be determined according to market conditions and issuance dates, up to 500 million Turkish Lira without public offering at home or abroad for the purpose of providing use of form of sales as both dedicated sales and qualified investors sales and provided that the determination of the issues regarding the interest rate, maturity etc. of each Asset Covered Bond by submitting to the approval of the BoD. 

In addition, pursuant to the resolution of the Board of Directors dated 30.05.2013 the process has been initiated for renewal of the term of 50 million EUR equivalent to TL Asset Covered Bond which Kreditanstallt für Wiederaufbau is an investor of, redeemed on 12.06.2013.

07.11.2013
It was announced that Capital Market Board (CMB)approved the issuance document regarding the issuance of asset covered bond up to 500 million TL in total for selling in abroad in the frame of selling method without offering to public, to be conducted once of more than once, in various orders and terms and having fixed or/and variable interest rates to be determined according to market conditions of issue dates and CMB announced it in 25.09.2013 dated, 2013/31 numbered CMB weekly bulletin and no: 31. 

We received the issuance document dated 28.10.2013 approved by CMB regarding the said asset covered bond, please find attached the issuance document.

07.11.2013
As per the resolution of Board of Directors dated November 07, 2013 and no 389, It has been decided to assign Selim Güray Çelik, Fatin Rüştü Karakaş, Nihat Büyükbozkoyun and Feyza Önen as Executive Vice Presidents following Banking Regulation and Supervision Agency’s approval.
26.09.2013
In accordance with the 8th Article of Regulation on Equity of Banks, Ten year-term subordinated loan was provided from International Finance Corporation ("IFC"), The European Bank for Reconstruction and Development ("EBRD") and European Fund for Southeast Europe ("EFSE"): 50.000.000 USD from IFC, 40.000.000 USD from EBRD And 10.000.000 USD from EFSE. The agreements about above mentioned loans were signed on September 25, 2013 upon the 25.09.2013 dated and 24093 numbered confirmation of Banking Regulation and Supervision Agency. These resources will be used in financing the small and medium sized enterprises of agricultural sector.

25.09.2013
It was announced that our Bank had applied to Capital Market Board in order to issue asset covered bond up to 500 million TL in total for selling in abroad in the frame of selling method without offering to public, to be conducted once of more than once, in various orders and terms and having fixed or/and variable interest rates to be determined according to market conditions of issue dates. 

It has been announced in 24.09.2013 dated, 2013/13 numbered Weekly Journal that above mentioned asset guaranteed securities were taken under assembly records.

11.07.2013
Fitch Ratings confirmed Şekerbank’s Long Term Notes in sort of Foreign and Domestic Monetary as BB-, Short Term Notes as B; National Note as A+ (Tur); Financial Capacity Note as bb-; Subsidy Note as 5 and announced its prospect as stable.

11.07.2013
International credit rating agency JCR Eurasia Rating increased the Long Term National Note from ‘A+(Trk)’ to ‘AA-(Trk)’ and the Short Term National Note from 'A-1(Trk)' to 'A-1+(Trk) by assessing Şekerbank T.A.Ş in the highly investable category and determined its prospect as (Stable). The Long Term International Foreign and Domestic Monetary Note of Şekerbank revised upward on May 29 2013 was confirmed as ‘BBB-‘.

26.06.2013
Şekerbank extended a new one year-term syndicated loan consisting of two phases as 70 million USD and 52 million EURO by paying the last year’s syndicated loan early. Şekerbank increased syndication amount 21% in contrast to last year. The agreement related to the loan has been signed today.

10.06.2013
The Board of Directors of the Bank authorized the General Management, in accordance with 8th article of “Regulations on Equity of Banks”, in order for receiving permission by making applications at Capital Market Board and other authorities for issuing debt instrument in sort of bill in subject to secondary subordinated debt provision, or similar debt instrument once or more than once, in various orders and terms, with fixed or variable interest rate, up to total 300 million EURO or equal Turkish Lira or foreign currency as long as being sold by our Bank to real and legal entities located out of Turkey.
30.05.2013
Our bank applied to Capital Market Board in order to issue Asset Covered Bond up to 500 million TL for qualified foreign investors.

21.05.2013
International rating corporation Moody's increased Şekerbank's deposit rating in the type of foreign currency from Ba2 to Ba1. Other ratings remained the same. All ratings are stable.

03.04.2013
On 15.01.2013 the Bank obtained the approval of the Capital Markets Board of Turkey for the issuance of bonds or similar debt instruments, which are planned to be sold outside of Turkey to the real and legal persons. In relation to the said issuance, Citigroup Global Markets Limited, Standard Chartered Bank and UniCredit Bank AG are authorized to perform a series of “road-show” meetings.
14.03.2013

International Rating Agency Moody’s affirmed the Bank’s local currency deposit ratings as Ba1/Not Prime, foreign currency deposit ratings as Ba2/Not Prime and the financial strenght rating of D, with the outlook “stable”.

11.03.2013

Board Members whose duty terms have been ended, will be elected in General Assembly dated 21.03.2013 therefore; candidates Members of Board of Directors and their resumes are as below;

1. Hasan Basri GÖKTAN
2. Halil Can YEŞİLADA
3. Emin ERDEM
4. Erdal BATMAZ
5. Üzeyir BAYSAL (*)
6. Khosrow ZAMANİ
7. Ulf WOKURKA
8. Viktor ROMANYUK
9. Askhat BEISENBAYEV
10. Nariman ZHARKINBAYEV
11. Zhandos YESSENBAY
(*) He has been disclosed at Public Disclosure Platform as Independent Board Member on 27.02.2013.

RESUMES:

1. Hasan Basri GÖKTAN

Dr. Hasan Basri Göktan holds a double undergraduate degree in Engineering and Economics, as well as a PhD in Economics. He began his professional career in 1973 at Şeker Fabrikalari A.Ş. and served as the Chairman of Board of Directors and General Manager of Sugar Beet Cooperatives (Pankobirlik) from 1983 to 1993. Dr. Göktan concurrently served as General Manager of Sugar Beet Cooperatives and Chairman of the Board of Directors of Şekerbank T.A.Ş. and Konya Şeker Fabrikası A.Ş. from 1988 until 1993. Under his leadership, Konya Şeker Fabrikası A.Ş. was successfully privatized - a first in the Turkish sugar industry. Dr. Göktan also briefly served as Chairman of the Board of Directors of Yüksel İnşaat A. Ş. while serving as General Manager of Şekerbank T.A.Ş. From 1993 to 2002, he was a member of the Board of Directors of Türkiye Şeker Fabrikaları A.Ş. Dr. Göktan also served as General Manager and Chairman of the Board of Directors of Sekerbank T.A.Ş. from 2002 until 2006. Subsequently, he served as General Manager of Şekerbank T.A.Ş. from 2006 to 2007. On February 1, 2008, Dr. Göktan assumed the position of Chairman of the Boards of Directors of Şekerbank T.A.Ş. and its financial subsidiaries; in addition, he currently serves as the Executive Board of Directors Member of Şekerbank T.A.Ş.

2. Halil Can YEŞİLADA

Mr. H. Can Yeşilada is a graduate of Middle East Technical University, Department of Business Administration. He has served as Finance Director at Santral Dikiş A.Ş., Executive Vice President at Manufacturers Hanover Trust (NY) Bank, Chairman of the Board of Directors and General Manager at Türk Eximbank, Deputy President at the Privatization Administration of Turkey and Chairman of the Board of Directors at Petrol Ofisi. In addition, Mr. Yeşilada has held the positions of Executive Vice President, CEO and Member of the Board of Directors at various public and private banks and industrial companies. He has served as a member of the Board of Directors of Şekerbank since 2006.

3. Emin ERDEM

A graduate of Ankara Financial Sciences School of Accounting, Mr. Emin Erdem began his professional career as an internal auditor at Ziraat Bank. After serving in various units of Ziraat Bank in Turkey, Germany, the Netherlands and the UK, he was appointed Assistant General Manager and Member of the Board of Directors. In addition, Mr. Erdem served as Chairman of the Board of Directors of Deutsche-Türkische Bank in Germany. He has been a member of Şekerbank’s Board of Directors since 2002.

4. Erdal BATMAZ

Mr. Erdal Batmaz graduated from Ankara University, Faculty of Political Sciences, Department of Economics. Subsequently, he served as Specialist and Consultant in the Prime Minister’s Office. Mr. Batmaz also worked at the State Industry and Laborer Investment Bank (DESIYAB) on a Konrad Adenauer Foundation scholarship. He later served as Assistant General Manager and Vice Chairman of the Board of Directors at Emlak Bank. In addition, Mr. Batmaz served as member of the Board of Directors in a number of insurance companies and tourism firms. From 1997 to 2003, he was a member of the Board of Directors at the Prime Ministry Capital Markets Board for two terms. Mr. Batmaz has served as a member of Şekerbank’s Board of Directors since 2003.

5. Üzeyir BAYSAL (*)

Born in 1961. A graduate of Ankara University, Faculty of Political Science Department of Economy-Finance. He began his career in 1985 and continued his career as Banking Regulation and Supervision Agency Banking Certified Chief Auditor.He has been an Independent Board Member of Şeker Finansal Kiralama A.Ş. since April 2012.

6. Khosrow Kashani ZAMANI

Mr. Khosrow K. Zamani is the former Director of the International Finance Corporation (IFC) for the Southern Europe and Central Asia region. He is a graduate of Case Institute of Technology (USA), where he received BSc and MSc degrees in Engineering and Warwick University (UK), where he earned an MBA. Mr. Zamani continued his postgraduate studies at Cambridge University (UK) in the Department of Industrial Management. In 1997, he graduated from the Harvard Business School Executive Development Program. Mr. Zamani has held various senior level positions at the IFC. He currently serves as Chairman of the Board of Directors at Anglo Asian Mining Plc (UK), member of the Board of Directors and Chairman of the Compensation Committee of Kommerciala Banka in Serbia and Independent Director at Borusan Makina in Turkey. Mr. Zamani has been an independent member of the Board of Directors of Şekerbank T.A.Ş. since 2007.

7. Ulf WOKURKA

Mr. Ulf Wokurka graduated from Moscow State University’s School of International Relations. There, he earned top honors with a degree in Political Sciences specializing in Turkological studies and the Turkish language; his thesis was entitled, “Turkey’s Access to the European Economic Union.” Mr. Wokurka began his professional career with the Foreign Ministry in Berlin as Senior Expert in 1989. From 1990 to 2006, he held various positions at Deutsche Bank AG Frankfurt, where he last served as Director. From 2006 to 2008, Mr. Wokurka served as Managing Director and Deputy CEO at the State Holding Samruk, Astana; subsequently, and until 2010, he worked as Managing Director at Metzler Asset Management GmbH, Frankfurt. In July 2010, he was appointed Managing Director at Deutsche Bank AG Frankfurt. From September 2010, he has held the position of Chief Country Officer Kazakhstan and Head of Deutsche Bank’s Representative Office in Almaty. Mr. Wokurka has served as independent Board member of Şekerbank T.A.Ş. since his appointment in 2010.

8. Viktor ROMANYUK

Mr. Romanyuk graduated from Al Farabi Kazakh State University, International Economic Relations as well as he earned a PhD in Law and associate professor. From 1999 to 2010, Mr. Romanyuk served in various companies and banks in Kazakhstan and Czech Republic and in February 2010 he joined BTA Bank JSC as Advisor of General Manger. He has been an Executive Vice President of BTA Bank JSC and Member of Board of Directors of various subsidiaries of BTA Bank JSC since December 2011.

9. Askhat BEISENBAYEV

Mr. Beisenbayev graduated from Kazakh State Management Academy, Department of International Economic Relations in 1997. He earned MBA in Goizueta Business School Emory University (Atlanta-USA) on Finance and Strategy. Between 2000 and 2011, he served in various companies and banks ,n Kazakhstan. In August 2011, he has worked as Advisor to the Chairman of the Management Board of BTA Bank JSC. He has been working as Deputy Chairman of the Management Board and Member of the Management Board since September 2011.

10. Nariman ZHARKINBAYEV

Mr. Nariman Zharkinbayev graduated from T. Ryskulov Kazakh Economics University, with degrees in International Economy and International Relations. From 2002 to 2008, he has worked in various companies and banks in Kazakhstan, since May 2008 he serves as Head of the Financial Institutions Department at BTA Bank JSC. In November 2012, Mr. Zharkinbayev was appointed member of the Board of Directors at Şekerbank T.A.Ş.

11. Zhandos YESSENBAY

Mr. Yessebay graduated from Kazakh State of Architecture and Civil Engineering in 2001. He worked in various companies and banks in Kazakhstan from 2001 to 2012. He served as Deputy Chairman of the Management Board of Savings Pension Fund GRANTUM JSC (Subsidiary of Kazkommertsbank JSC) between June 2009 and January 2012 and from July 2009 to April 2012, he has served as Chairman of the Management Board and Member of the Board of Directors of GRANTUM Asset Management PAIMC (Subsidiary of Kazkommertsbank JSC). In May 2012, he was appointed to BTA Bank JSC as Managing Director and he has been working as Managing Director, Member of the Management Board and Member of the Board of Directors.

28.02.2013

Board of Directors of the Bank has authorized General Management to issue bond up to TRL 500 million and 6 months maturity date.

27.02.2013

Independent Board Member candidate Üzeyir Baysal will be submitted for approval in the Ordinary General Assembly will be held on 21.03.2013 and his resume is as below.

Üzeyir BAYSAL:

Born in 1961. A graduate of Ankara University, Faculty of Political Science Department of Economy-Finance. He began his career in 1985 and continued his career as Banking Regulation and Supervision Agency Banking Certified Chief Auditor.He has been an Independent Board Member of Şeker Finansal Kiralama A.Ş. since April 2012.

27.02.2013

In the Board of Directors Meeting dated 27.02.2013 it has been decided that the Bank’s profit according to the independently audited financial statements for year 2012 is TRY 240,301.535.00 and after subtracting TRY 40,697,287.84 deferred tax income that is not subject to profit distribution, distributing the rest of TRY 199,604,247.16 under the provisions of the Articles of Association and the Turkish Commercial Code as;
• 5 % amounting to TRY 9,980,212.36 to the Legal Reserves Account,
• Remaining amount after the distribution of legal reserves of TRY 189,624,034.80, deferred tax income of TRY 40,697,287.84 and previous year’s profit of TRY 201,253.54 with a total balance of TL 230,522,576.18 to be transferred to the Extraordinary Reserves,

10.01.2013

On February 7, 2012, ISS Corporate Services, Inc. (ISS), an international corporate governance rating agency certified by the Capital Markets Board of Turkey, announced Şekerbank’s corporate governance rating, as 88.21 as part of the Bank’s efforts to comply with corporate governance criteria. The Bank’s rating was raised to 90.95 after the periodic annual assessment. The composition of Şekerbank’s rating score by subcategories is shown as below.

 

Subcategories Weight Score Assigned Score
Shareholders 0,25 93,21 9,32
Public Disclosure and Transparency 0,35 91,07 9,10
Stakeholders 0,15 96,40 9,64
Board of Directors 0,25 85,25 8,52
Total 1,00 90,95 9,09

10.01.2013

Board of Directors of Şekerbank T.A.Ş. decided to be held the 60th Ordinary General Assembly Meeting of our Bank for the fiscal year of 2012 on March 21, 2013, Thursday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe-Mecidiyeköy/İSTANBUL for the purpose of discussing and resolving the agenda items and due to a reason of not being able to held the meeting or obtain the meeting quorum, the second meeting to be held on April 8, 2013, Monday, at the same time and at the same place with the same agenda and to vest the General Management to make all necessary preparations regarding Ordinary General Assembly.

20/12/2012
Syndication loan with the amount of 47 million USD and 52 million EUR and 1 year tenor, have been provided and syndication loan agreement has been signed by increasing the amount of syndication loan provided last year 20%.

19/12/2012
As a result of the highest offers regarding the tender offer of Şekerbank’s nonperforming loans ; the amount of TL 23.960.698 nonperforming loans consist of individual loan and credit cards have been decided to sell to İstanbul Varlık Yönetim A.Ş. for TL 5.050.000 (21,08%), and the amount of TL 172.642.882 nonperforming loans consist of corporate and commercial loans have been decided to sell to Girişim Varlık Yönetimi A.Ş. for TL 16.000.000 (9,27%). Transfer will be carried out after necessary procedures fulfilled.

11/12/2012
Şekerbank authorized arranger banks to provide syndication loan in order to finance international trade. Syndication loan will be arranged as EURO and USD, with 1 year tenor.

07/12/2012
Term of the Agreement related corporate governance rating signed between ISS Corporate Services and Şekerbank T.A.Ş., has been enlarged 2 years.

30/11/2012
Nariman Zharkinbayev and Oleg Tsurkan have been appointed as the members of Board of Directors will be submitted for the approval of first General Assembly.”

09/11/2012
Şekerbank has signed a loan agreement for 20 million EURO for 4 years within the context of Small Enterprises Loan Programme-SELP II. 
04.09.2012
Şekerbank has signed a loan agreement with EFSE (European Fund for Southeast Europe), investors are international investment and development banks, for 15 million for 10 years as subordinated loans in order to finance small and medium sized enterprises. 

09/08/2012
Tatiana Alekseevna Filippova, Member of Board of Directors, has resigned as of 09.08.2012. 

19.07.2012
Fitch Ratings has upgraded Sekerbank T.A.S's National Long-term rating from “A(tur)” to "A+(tur)", affirmed the other ratings and outlook is “stable”. 

04.07.2012
Moody’s has upgraded Sekerbank T.A.S's Long Term Foreign Currency Deposit ratings from Ba3' to Ba2 and disclosed outlook “stable”. 
15.06.2012
Cem MURATOĞLU, Executive Vice President of Corporate Banking and Project Finance Department, has resigned as of 14.06.2012. 

08.06.2012
JCR-Eurasia Rating has confirmed the Şekerbank’s rating of Long Term National Scale as “A+(Trk)” and also revised the outlook to “positive” from “Stable”. 

08.06.2012
Within the context of Asset Covered Bonds program up to TL 800 million that was arranged last year, second tranche issuance for 2012 has been finalized with the issuance of TRY 115.250.000 that KfW Bankengruppe had been taken place as an investor. 

02.05.2012
Executive Vice President, Murat ISHMUHAMEDOV has resigned as of 30.04.2012 

02.04.2012
Private Sector Bond of Şekerbank T.A.Ş. with the nominal value of TRY 35.000.000, 368 days timed and TRSSKBK41217 ISIN code, has matured and redeemed as of today. 
15.03.2012
Private Sector Bond of Şekerbank T.A.Ş. with the nominal value of TRY 150.000.000, 367 days timed and TRSSKBK31218 ISIN code, has matured and redeemed as of today. 

08.03.2012
Within the context of Asset Covered Bonds program up to TL 800 million that was arranged last year, first tranche issuance for 2012 has been finalized with the issuance of TRY 117.600.000 that Unicredit Bank AG. had been taken place as an investor. 

16.03.2012
222.148.406 Şekerbank shares owned by BTA Securities JSC have been transferred to Samruk Kazyna as of today. 

29.02.2012
Şekerbank applied to Capital Markets Bond and İstanbul Stock Exchange for Private Sector Bond Issuance with a total amount TRY 330 million up to 2 years. 

28.02.2012
As per the resolution of the Board of Directors, It has been decided to be held the 59th Ordinary General Assembly Meeting of our Bank for the fiscal year of 2011 on March 21, 2012, Wednesday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe-Mecidiyeköy/İSTANBUL for the purpose of discussing and resolving the agenda items. If it could not be held for any reason whatsoever on April 06, 2012 on Tuesday at the same time and location, and to vest the General Management to make all necessary preparations regarding Ordinary General Assembly. 

Agenda

• Opening & Establishment of Presidential Board and to authorize the Presidential Board to sign the Minutes of Ordinary General Assembly.
• Reading Board of Director’s Annual Report & Statutory Audits Report and discussion
• Reading Independent Audit’s Summary Report.
• Reading of Balance Sheet and Profit & Loss, Discussions, and Approval.
• To discharge Board of Directors and Auditors.
• To discuss and approve the distribution of 2011 profit.
• To set Board of Directors and Auditors compensations.
• To furnish information on donations in 2011 to our shareholders.
• To inform the shareholders regarding guarantee, bail, mortgage, on its own behalf and in favor of the third persons given and revenue or benefits derived.
• To consent to Board of Directors to do business with the Bank according the Turkish Commercial Code 334 & 335 but restricted under the Banking Law.
• Requests & Closing.

27.02.2012
The Banking Regulation and Supervision Agency has approved the transfer of 222,148,406 Bank shares owned by BTA Securities JSC to Samruk- Kazyna. 

27.02.2012
Şekerbank T.A.Ş. signed an authorization agreement with Şeker Yatırım Menkul Değerler A.Ş. regarding Private Sector Bond Issuance with a total amount 330 million TL. 

07.02.2012
Şekerbank applied to Banking Regulation and Supervision Agency for Private Sector Bond Issuance with a total amount TRY 330 million up to 2 years. 

07.02.2012

ISS Corporate Services, Inc. (ISS) which has been certified by Capital Market Board of Turkey to perform Corporate Governance Rating assessment, rated Şekerbank with a rating of 87.60 on 07.02.2011, ISS updated Şekerbank’s rating score with a rating of 88.21. The breakdown of Şekerbank’s rating score is shown as below.

Categories Weight Score
Shareholders 0.25 86.31
Public Disclosure and Transparency 0.35 89.45
Stakeholders 0.15 99.14
Board of Directors 0.25 81.82
Total 1.00 88.21

12.01.2011
BTA Bank, BTA Securities and Samruk Kazyna have completed all the approvals among themselves for the full transfer of the ownership of Sekerbank shares to Samruk Kazyna. The management rights of Sekerbank shares belonging to BTA Securities JSC have been previously transferred to Samruk Kazyna. Parties applied to BRSA to get the institution’s approval for this ownership change.
16.12.2011
Sekerbank ensured USD 25 million and EURO 55 million syndication loan with 1 year tenor and 1 year extension option. 

The agreement regarding loan which has been ensured in order to finance foreign trade transactions of the bank and managed by the arranger banks; Bank of Montreal, Commerzbank Aktiengesellschaft, Intesa Sanpaolo S.p.A., Wells Fargo Bank and National Association has been signed as of December 16, 2011. 

1 year tranche syndication loan has been provided with Libor (Eurlibor) + 0.70% p.a. Syndication loan has been ensured in terms of renewal of the syndication loan, provided last year and finalized effecting a cure both total amount and total cost as to previous year. 

09.12.2011
Second tranche of the issuance of Asset Covered Bonds with the amount of TRY 180.000.000 has been finalized, and the investors of the second tranche of issuance are European Investment Bank (EIB), and European Bank for Reconstruction and Development (EBRD). 

07.12.2011
Moody’s disclosed Şekerbank T.A.Ş.’s ratings as the same as last year’s
• Local Currency Deposit ratings Ba1; outlook is stable
• Foreign Currency Deposit ratings Ba3; outlook is positive
• Financial Strength rating D; outlook is stable
• Long Term National ratings A2.tr; outlook is stable
• Short Term National ratings TR-1; outlook is stable

10.11.2011
Şekerbank delegated arranger banks to ensure syndication loan in order to finance foreign trade. Syndication loan will be provided dual (EUR and USD) currency with one year tenor and one year extension option. 

28.10.2011
Fitch Ratings has upgraded Sekerbank T.A.S's Long-term Issuer Default Ratings (IDRs) to 'BB-' from 'B+', Viability Rating to 'bb-' from 'b+' and affirmed Short-term foreign currency and local currency IDR "B", National Long-term rating "A", Individual Rating"D" and outlook “stable”. 

27.10.2011
In accordance with the trust management agreement signed between BTA Securities JSC, has 33,98% shares of Şekerbank T.A.Ş., and Samruk-Kazyna, the Kazakhstan Government Welfare Fund; Preemptive rights and rights to vote for 254.840.310 shares of Şekerbank T.A.Ş. had been assigned to Samruk Kazyna and disclosed to public on December 12, 2010. 

Preemptive rights and voting rights of shares of Şekerbank T.A.Ş. assigned to Samruk Kazyna have reached to 339.787.080 with the capital increase of Şekerbank T.A.Ş. dated June 30, 2011.
14.09.2011
First tranche of the issuance of Asset Covered Bonds with the amount of TRY 227.500.000 has been finalized, and the investors of the first tranche of issuance are International Finance Corporation (IFC), Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) and Unicredit Bank AG. 

26.07.2011
The related documents regarding the first tranche of issuance of Asset Covered Bonds for foreign qualified investors, have been signed between Şekerbank T.A.Ş. and qualified investors as of July 26, 2011. 

06.07.2011
JCR-Eurasia Rating has affirmed a rating of ‘A+(Trk)‟ along with a “Stable” outlook for Şekerbank T.A.Ş. on the Long Term National Scale which denotes the high investment grade. On the other hand, the Long Term International Foreign and Local Currency Ratings has been assigned as ‘BB’.
29.06.2011
Şekerbank applied to Capital Markets Board of Turkey in order to issue Asset Covered Bonds up to TL 800 million to foreign qualified investors. 

26.04.2011
Extraordinary General Assembly Meeting of our Bank will be held on June 07, 2011, Tuesday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe-Mecidiyeköy/ İSTANBUL to discuss the following agenda items. 

Agenda;
• Opening & Establishment of Presidential Board and to authorize the Presidential Board to sign the Minutes of Extraordinary General Assembly.
• Amendment of article 18 entitled “Issuance of Debenture Bonds” of Articles of Association of Şekerbank T.A.Ş. as approved by Board of Directors.
• Closing.

26.04.2011
It was decided to increase paid in capital for TL 250.000.000,00 from TL 750.000.000,00 to TL 1.000.000.000,00 and distribute 5% of paid in capital which is an equivalent of TL 37.500.000,00 to shareholders, in the form of TL 12.500.000,00 cash and TL 25.000.000,00 share certificates in the General Assembly held on March 15, 2011. 

In the Board Meeting dated 26.04.2011; it has been decided to authorize General Management to fulfill required permissions and all other preparations in order to distribute profit and meet capital increase of TL 250.000.000,00 as follows; TL 220.738.695,89 from extra ordinary reserves, TL 25.000.000,00 from the profit of 2010 which has been approved in General Assembly, TL 4.261.304,11 from subsidiaries and real estate sale profit.
25.03.2011
Şekerbank's nonperforming loans of TL 144.228.597 has been sold for TL 12.000.000.

03.03.2011
As per the resolution of the Board of Directors, dated 03.03.2011; It has been decided to distribute TL 170.246.518,51 period profit that constitutes the basis for distribution of profit according to the financial statements of our bank for the year 2010, TL 4.261.304,11 of the income from the sale of the subsidiaries and building is transferred to the “special funds” account. The rest of the profit distributed as follows in accordance with the Corporate Charter of our Bank and the provisions of Turkish Commercial Law:

• TL 8.512.325,93 that corresponds to the Legal Reserves Account,
• TL 37.500.000,00 which corresponds to 5% of the paid-in capital will be distributed to the shareholders, in the form of TL 12.500.000,00 cash and TL 25.000.000,00 share certificates, and TL 3.253.871,00 to be distributed to the members of the Board of Directors as dividends,
• TL 325.387,10 will be transferred to Second Legal Reserves,
• Previous year’s profit from the sale of building of TL 722.425,50 and remainder of TL 116.393.630,37 from year 2010 profit with a total balance TL of 117.116.055,87 will be transferred to the Extraordinary Contingency Reserves

07.02.2011

ISS Corporate Services, Inc. (ISS) which has been certified by Capital Market Board of Turkey to perform Corporate Governance Rating assessment, rated Şekerbank with a rating of 86.64 on 08.02.2010, ISS updated Şekerbank’s rating score with a rating of 87.60. The breakdown of Şekerbank’s rating score is shown as below. 

Categories Weight Score
Shareholders
0.25 85.43
Public Disclosure and Transparency 0.35 89.42
Stakeholders 0.15 97.89
Board of Directors
0.25 81.04
Total
1.00 87.60

02.02.2011
As per the resolution of the Board of Directors, It has been decided to be held the 58th Ordinary General Assembly Meeting of our Bank for the fiscal year of 2010 on March 15, 2011, Tuesday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe-Mecidiyeköy/İSTANBUL for the purpose of discussing and resolving the agenda items and to vest the General Management to make all necessary preparations regarding Ordinary General Assembly.

• Opening & Establishment of Presidential Board and to authorize the Presidential Board to sign the Minutes of Ordinary General Assembly.
• Reading Board of Director’s Annual Report & Statutory Audits Report and discussion of Statutory Audit Report.
• Reading Independent Audit’s Summary Report.
• Reading of Balance Sheet and Profit & Loss, Discussions, and Approval.
• To discuss and approve the distribution of 2010 profit.
• a. To increase the registered authorized capital from 750.000.000,00 TL to 1.250.000.000,00 TL, 
b. To increase 750.000.000,00 TL paid in capital by 250.000.000,00 TL to 1.000.000.000,00 TL from reserves, 
And amendment of attached article 8 entitled “The Share Capital” of Articles of Association of Şekerbank T.A.Ş. as approved by Board of Directors.
• Approval of the substitute Members of Board of Directors who are assigned to serve residual term of membership of Board of Directors.
• To discharge Board of Directors and Auditors.
• Election of Statutory Auditors and determination of their terms of office.
• To set Board of Directors and Auditors compensations.
• To furnish information on donations to our shareholders.
• To inform the shareholders regarding guarantee, bail, mortgage, on its own behalf and in favor of the third persons given and revenue or benefits derived.
• To consent to Board of Directors to do business with the Bank according the Turkish Commercial Code 334 & 335 but restricted under the Banking Law.
• Requests & Closing.

28.01.2011
As per the resolution of the Board of Directors dated 26.01.2011; It has been decided to increase registered capital ceiling to 1.250.000.000 TL, following completion of registered capital ceiling process, the Board of Directors authorize General Management to fulfill required permissions from Capital Markets Board, Banking Regulation and Supervision Agency and Ministry of Industry and Trade and all other preparations in order to increase paid in capital from reserves from 750.000.000 TL to 1.000.000.000 TL

24.01.2011
Kepez Branch of Şekerbank got into swing with 320 branch code at the address “Çevre yolu Caddesi, No:144 Kepez/ANTALYA”, Ellialtılar Branch of Şekerbank got into swing with 321 branch code at the address “İstiklal Caddesi, No:158/B SAMSUN ”, İncesu Branch of Şekerbank got into swing with 322 branch code at the address “Cumhuriyet Caddesi, No:7 İncesu/KAYSERİ”, Erciş Branch of Şekerbank got into swing with 323 branch code at the address “Emniyet Caddesi, No:18 Erciş/VAN”, Yüreğir Branch of Şekerbank got into swing with 324 branch code at the address “Kozan Caddesi, No:374 Yüreğir/ADANA”, Tefenni Branch of Şekerbank got into swing with 325 branch code at the address “Cumhuriyet Caddesi, No:28 Tefenni/BURDUR” as of January 24, 2011. The number of Şekerbank’s branches has reached to 272.
24.12.2010
Şekerbank applied to Capital Markets Bond and İstanbul Stock Exchange for Private Sector Bond Issuance with a total amount TRY 500 million up to 2 years.

24.12.2010
Sekerbank ensured USD 35 million and EURO 41 million syndication loan with 1 year tenor. Commerzbank Aktiengesellschaft, Bank of Montreal, Intesa Sanpaolo S.p.A. and Wells Fargo Bank, National Association were among the arrangers of 11 Banks which provided dual (EUR and USD) currency syndication to finance trade transactions of the bank. 

1 year tranche syndication loan will be provided with Libor (Eurlibor) + 0.90% p.a.

23.12.2010
Şekerbank T.A.Ş. has signed a loan agreement with a total amount of €20 million to finance the energy efficiency and EU donation of €2.3 million to support public awareness raising activity on energy efficiency with KfW. Austria Development Bank OeEB and Europe Council Development Bank CEB support program.

21.12.2010
Şekerbank T.A.Ş. has sold %97,99 shares of Şeker Bilişim Sanayi A.Ş. to Metis Yatırım Holding A.Ş. with a total amount of TRY 863.000 on 21.12.2010.

21.12.2010
Şekerbank T.A.Ş. has purchased %51 shares of Şeker Mortgage Finansman A.Ş. (Former corporate name is İstanbul Mortgage Finansman A.Ş.) with a total amount of USD 8.350.000 on 21.12.2010.

16.12.2010
Şekerbank T.A.Ş. authorized Türkiye Sınai Kalkınma Bankası A.Ş. and Şeker Yatırım Menkul Değerler A.Ş. regarding Private Sector Bond Issuance with a total amount 500 million TL up to 2 years.

10.12.2010
Sekerbank (SKBNK.TI; N/C) announced that pre-emptive and voting rights of 254,840,310 Sekerbank shares of BTA Securities JSC has been transfered to the Government of Kazakhstan Asset Fund: Samruk Kazyna’s trust management.

23.11.2010
Moody’s disclosed Şekerbank T.A.Ş.’s ratings
• Local Currency Deposit ratings Ba1; outlook is stable
• Foreign Currency Deposit ratings Ba3; outlook is positive
• Financial Strength rating D; outlook is stable
• Long Term National ratings A2.tr; outlook is stable
• Short Term National ratings TR-1; outlook is stable

15.11.2010
Fitch Ratings has upgraded Sekerbank TAS’s (Sekerbank) Long-term (LT) local currency (LC) and foreign currency (FC) Issuer Default Ratings (IDR) to ‘B+’ from ‘B’, respectively. The National LT rating has also been upgraded to ‘A(tur)’ from ‘BBB+(tur)’.

04.11.2010
In Extraordinary General Assembly of Şekerbank T.A.Ş. held on 04.11.2010, it is decided to be given power to Board of Directors in order to issue the bills up to paid in capital of Şekerbank T.A.Ş. in compliance with the article 18 of AofA and determine maturity, interest rate, date of issuance, and all other related issues with regard to issuance of the bill and appoint Erdal Arslan and Ulf Wokurka to represent shareholders as Independent Board Members.
18.10.2010

As per the resolution of the Board of Directors dated October 18, 2010, It has been decided to be held the Extraordinary General Assembly Meeting of our Bank on November 04, 2010, Thursday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe-Mecidiyeköy/ İSTANBUL for the purpose of discussing and resolving the agenda items. If it could not be held for any reason whatsoever on November 11, 2010 on Thursday at the same time and location, and to vest the General Management to make all necessary preparations regarding Extraordinary General Assembly.

Agenda
• Opening & Establishment of Presidential Board and to authorize the Presidential Board to sign the Minutes of Extraordinary General Assembly,
• To authorize Board of Directors to issue bills in accordance with the article 18 of Articles of Association of Şekerbank T.A.Ş.,
• Election of Board of Directors,
• Requests,
• Closing.

09.07.2010

The 14th term of the labor agreement negotiations between Sekerbank T.A.S. and The Bank-Insurance Worker Union for the period 01.05.2010–30.04.2012, has been finalized with reconcilement for signing.
Increase in compensation is assessed as below:
For the first year 01.05.2010 – 30.04.2011; %8 + 25 TL,
For the second year 01.05.2011 – 30.04.2012; Inflation + %1

07.07.2010

The capital increase for 250.000.000 TL of Şekerbank which has been increased from 500.000.000 TL to 750.000.000 TL was registered in İstanbul Trade Registry, is published in official gazette consequently the capital increase of the Bank has been completed.

09.06.2010
7 years EURO 25 million Loan Agreement has been signed between Sekerbank and The Green for Growth Fund (South East Europe Energy Efficiency Fund) on 09.06.2010 to support financing needs of the energy efficiency projects of enterprises and individuals.

08.06.2010
Şekerbank Personnel Social Security Foundation’s disclosure which has been sent to the Bank is as below 

IFC (International Finance Corporation) and Şekerbank Personnel Social Security Foundation signed an option agreement to purchase Şekerbank T.A.Ş.’s shares which owned by Şekerbank Personnel Social Security Foundation. In accordance with this agreement IFC will purchase up to 5% of Şekerbank T.A.Ş.’s shares from Şekerbank Personnel Social Security Foundation.

07.06.2010
BTA Securities JSC and National Welfare Fund Samruk Kazyna JSC signed shares trust management agreement for Şekerbank’s shares. In accordance with this agreement BTA Securities JSC placed shares of Şekerbank T.A.Ş. in amounts of 169.893.540 shares into trust management of National Welfare Fund Samruk Kazyna JSC.

28.04.2010
Murat ISHMUHAMEDOV, member of Board of Directors has resigned from Board of Directors, Abay ISKANDIROV has been appointed as the new member of Board of Directors will be submitted for the approval of first General Assembly.”

22.04.2010
Upon our Board’s decision dated 16.02.2010 and numbered 41, it has been decided to increase registry capital ceiling for TL 250.000.000,00 after General Assembly. Board has also decided to increase the paid in capital from TL 174.209.821,82 extraordinary reserves, TL 59.300.028,24 other capital reserves, TL 11.220.334,12 subsidiaries sale profit, TL 5.269.815,82 share premium with a total increase of TL 250.000.000,00 from TL 500.000.000,00 to TL 750.000.000,00. 
Besides Board decision on 2009 profit distribution dated 24.03.2010 numbered 81; it has been decided to distribute TL 25.000.000,00 to the shareholders, in the form of TL 13.000.000,00 cash and TL 12.000.000,00 share certificates. 
The decisions have been taken to increase registry capital ceiling for TL 250.000.000,00 and profit distribution in the General Assembly held on 20.04.2010. General Management has been authorized to fulfill required permissions and all other preparations in order to meet capital increase of TL 250.000.000,00 as follows; TL 162.209.821,82 from extra ordinary reserves, TL 59.300.028,24 other capital reserves, TL 11.220.334,12 subsidiaries sale profit, TL 5.269.815,82 share premium, and TL 12.000.000,00 from the profit of 2009 which has been approved in 2009 General Assembly and distribute TL 13.000.000,00 cash dividend.

21.04.2010
As per the resolution of Board of Directors dated April 20, 2010 and no 112, It has been decided to assign Cem Muratoğlu as an Executive Vice President following Banking Regulation and Supervision Agency’s approval.
30.03.2010
As per the resolution of the Board of Directors, It has been decided to be held the 57th Ordinary General Assembly Meeting of our Bank for the fiscal year of 2009 on April 20, 2010, Tuesday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe-Mecidiyeköy/ İSTANBUL for the purpose of discussing and resolving the agenda items. If it could not be held for any reason whatsoever on April 27, 2010 on Tuesday at the same time and location, and to vest the General Management to make all necessary preparations regarding Ordinary General Assembly. 

Agenda 

1. Opening & Establishment of Presidential Board and to authorize the Presidential Board to sign the Minutes of Ordinary General Assembly. 
2. Reading Board of Director’s Annual Report & Statutory Audits Report and discussion of Statutory Audit Report 
3. Reading Independent Audit’s Summary Report and Election of Independent Audit Firm and approval of the firm according to Banking Regulation and Supervision Agency’s regulations 
4. Reading of Balance Sheet and Profit & Loss, Discussions, and Approval 
5. To decide whether 2009 Bank’s profit will be distributed or partially distributed. 
6. To increase the registered authorized capital 250,000,000 TL from 500,000,000 TL to 750,000,000 TL and Amendment of the article 8 entitled “The Share Capital” of Articles of Association of Şekerbank T.A.Ş. as approved by Board of Directors 
7. Amendment of the article 4 entitled “Purpose and Subject” and article 5 entitled “Right of Disposition on the Immovable Property” of Articles of Association of Şekerbank T.A.Ş. as approved by Board of Directors 
8. Approval of the substitute Members of Board of Directors and Members of Statutory Auditors who are assigned to serve residual term of membership of Board of Directors 
9. To discharge Board of Directors and Auditors 
10. Election of Board of Directors and determination of their terms of office. 
11. Election of Statutory Auditors and determination of their terms of office. 
12. To set Board of Directors and Auditors compensations 
13. To furnish information on donations to our shareholders’ 
14. To inform the shareholders regarding guarantee, bail, mortgage, on its own behalf and in favor of the third persons given and revenue or benefits derived. 
15. To consent to Board of Directors to do business with the Bank according the Turkish Commercial Code 334 & 335 but restricted under the Banking Law, 
16. Requests & Closing.

26.03.2010
As per the resolution of Board of Directors dated March 24, 2010 and no 83, It has been decided to assign Nejat Bilginer as an Executive Vice President responsible from Human Resources Department following Banking Regulation and Supervision Agency’s approval.

24.03.2010
As per the resolution of Board of Directors dated March 24, 2010, It has been decided to distribute TL 143.630.606,56 period profit that constitutes the basis for distribution of profit according to the financial statements of our bank for the year 2009, audited independently, as follows in accordance with the Corporate Charter of our Bank and the provisions of Turkish Commercial Law:
• TL 7.181.530,33 that corresponds to 5% of the profit will be transferred to the Legal Reserves Account,
• TL 25.000.000,00 which corresponds to 5% of the paid-in capital will be distributed to the shareholders, in the form of TL 13.000.000,00 cash and TL 12.000.000,00 share certificates, and TL 2.244.800,00 to the Board Members according to their responsibilities by approval and evaluation of Chairman and Vice Chairman of Board of Directors as dividend,
• TL 224.480,00 will be transferred to Second Legal Reserves,
• The balance TL 117.932.584,23 will be transferred to the Extraordinary Contingency Reserves,

11.03.2010
87,79% shares of Desmer A.Ş. has been taken over with total amount of 7.434.777,71 TL by TÜDAŞ Ödeme Sistemleri ve Danışmanlık A.Ş. as of March 10, 2010. The total profit of 3.148.695, 95 TL has been booked to our accounts.

18.02.2010
Zuhal ULUTÜRK, Executive Vice President responsible for Human Resources, has resigned. Her resignation will be in effect as of February 28, 2010.

17.02.2010
As per the resolution of the Board of Directors dated 16.02.2010 and no 41; It has been decided to increase registered capital ceiling to 750,000,000 TL, the Board of Directors authorize General Management to fulfill required permissions from Capital Markets Board, Banking Regulation and Supervision Agency and Ministry of Industry and Trade and all other preparations in order to present it to General Assembly.

The paid in capital from extraordinary reserves will be increased from extra ordinary reserves 174,209,821.82 TL, other capital reserves 59,300,028.24 TL, subsidiaries sale profit 11,220,334.12 TL, share premium 5,269,815.82 TL with a total of 250,000,000 TL from 500.000.000 TL to 750.000.000 TL.

08.02.2010

ISS Corporate Services, Inc. (ISS) which has been certified by Capital Market Board of Turkey to perform Corporate Governance Rating assessment, rated Şekerbank with a rating of 81.36 on 27.02.2009, ISS updated Şekerbank’s rating score with a rating of 86.64. The breakdown of Şekerbank’s rating score is shown as below. 

Categories Weight Score Assigned Score
Shareholders 0.25 85.08 8.5
Public Disclosure and Transparency 0.35 88.95 9.0
Stakeholders 0.15 97.89 10.0
Board of Directors 0.25 78.21 8.0
Total 1.00 86.64 8.5

 

01.02.2010
It has been resolved that resigning requests of Murat YULDASHEV, Khalil KAMALOV and Erdal ARSLAN among members of the Board of Directors shall be accepted and Arman DUNAYEV and Anvar SAIDENOV shall be appointed as the new members of Board of Directors according to the resolution no 18 dated 01.02.2010 of the Board of Directors which will be submitted for the approval of first General Assembly.” 

01.02.2010
TÜDAŞ Ödeme Sistemleri ve Danışmanlık A.Ş. has applied to take over 87,79 % shares of the Desmer A.Ş with a nominal value of 3.511.783.-TL. The Board of Directors authorized General Management to sell DESMER A.Ş. to TÜDAŞ. 

14.01.2010
Şekerbank mandated UniCredit Bank AG, London Branch for an SME receivables-backed securitization programme. The programme is targeting a 5-year maturity funding through bond issuance with an initial amount of EUR 100 million.
30.12.2009
The external audit contract between Şekerbank and DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Deloitte) will expire following the independent audit as of 31.12.2009. According to Article 12 and Provisional Article 2 of the “Regulation on Authorization and Activities of Institutions to Perform External Audit in Banks”, the Şekerbank is obliged to appoint a new external audit company starting from the financial year 2010.

Accordingly, as per the resolution of the Board of Directors, it is decided that independent audit of Şekerbank will be conducted by Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A. Ş. (a member firm of KPMG International) starting from 31.03.2010 for the following three-year period. 

07.12.2009
Şekerbank T.A.Ş. signed a Letter of Intent with Ipotek Financing S.A in order to purchase approximately equal to 51% of the total shares of İstanbul Mortgage Finansman A.Ş. which owned by Ipotek Financing S.A.

01.12.2009
Sekerbank has signed an agreement with IFC (International Finance Corporation) tenor of 5 years for 30 million EURO in order to finance the companies which are operating in food and agriculture sector.

16.11.2009
%75,10 of the shares of BTA Bank JSC, the main shareholder of BTA Securities which holds 33.98% of Şekerbank T.A.Ş., has been taken over by Kazakhstan National Welfare Fund-Samruk Kazyna and Samruk Kazyna has become indirect shareholder of Şekerbank T.A.Ş. Therefore BTA Securities JSC applied to Capital Markets Board of Turkey for tender call exemption. In accordance with the CMB’s Serial :IV No: 44 Communiqué on “Principles Regarding Tender Offer”, CMB approved the request of BTA Securities JSC regarding tender call exemption in consideration of acquisition of voting right of Samruk Kazyna in Şekerbank’s capital is %33,98 and under the minimum ratio for tender offer.

23.10.2009
Kuat SEKSENALINOV has resigned from his duties as a Statutory Auditor and in accordance with the article 351 of Turkish Commercial Code, Statutory Auditors appointed Kamil ÖZDEMİR as a Statutory Auditor of Şekerbank T.A.Ş.
09.07.2009
Sekerbank signed a loan agreement for 10 million EURO with AFD (Agence Française de Developpement) tenor of 12 years, 4 years of which non-recoursed induced by French Government in order to finance the small and micro enterprises. 

03.07.2009
Sekerbank has reached an agreement with IFC (International Finance Corporation) tenor of 5 years for 30 million EURO in order to finance the companies which are operating in food and agriculture sector.
30.06.2009
We have been completed the issuance of TL 100.000.000 Bank’s shares within the TL 500.000.000 registered ceiling and increased the paid in capital in cash from TL 400.000.000 to TL 500.000.000. As a result of this process; we have transferred TL 100.000.000 to paid-in capital account, TL 13,20 to other capital reserves and TL 93.055,83 to share premium account. Registration process is still in progress.

03.06.2009
Capital Markets Board of Turkey approved on 27.05.2009 with decision no:15/373 Şekerbank’s capital increase from 400.000.000 TL to 500.000.000 TL with nominal value of 100.000.000 TL in cash. 

For each 1 TL preemptive rights with 1 TL nominal value will be paid to Şekerbank Gümüşsuyu Branch account no: 20153967 between the dates 08.06.2009-22.06.2009. 

Application Addresses: 

Şekerbank T.A.Ş. Head Office Investor Relations & Subsidiaries Department Büyükdere Caddesi No: 171 Metrocity İş Merkezi A-Blok 34330 Esentepe-Mecidiyeköy/İstanbul Phone:0 (212) 319 73 78 

Şeker Yatırım Menkul Değerler A.Ş. İnönü Caddesi Tümşah Han No:36 Kat 3-4 Gümüşsuyu/İstanbul Phone:(0212) 213 43 70 

05.05.2009
Şekerbank has not received official information with relate to close down of BTA Bank a fully owner of BTA Securities JSC which has %33,98 shares of Şekerbank. BTA Securities JSC has only 33,98% Şekerbank’s shares. Majority shares of the Bank are owned by local shareholders and investors. 
 
22.04.2009
The process of registry capital increase of Şekerbank T.A.Ş. from 400.000.000 TL to 500.000.000 TL has been registered. As per the Board of Directors’ decision dated 22.12.2008 numbered 292, the application for increasing the capital of Şekerbank T.A.Ş. 100.000.000 TL in cash from 400.000.000 TL to 500.000.000 TL has been made to Capital Markets Board of Turkey.
30.03.2009
Ordinary and Extraordinary General Assembly of Şekerbank T.A.Ş. have been held on 30.03.2009.

In Ordinary General Assembly, it is decided to be distributed the net profit of the Bank amounting to TRY 144.307.193,27 which is the basis for the distribution of profit on financial statements of the Bank for the year 2008 within the framework of the Articles of Association of our Bank and the provisions of the Turkish Commercial Code to strengthen the financial structure and taking in to account the contribution to the Capital and Capital Adequacy Ratio of the Bank, as follows:

- TRY 7.215.359,66 YTL corresponding to 5% for Legal Reserves,
- The amount of TRY 11.220.334,12 which has been booked to 2008 financial statements as sale income of the Bank’s subsidiary, Çalık-Şeker Konsorsiyum Yatırım A.Ş., to the Special Fund account,
- Remaining amount of TRY 125.871.499,49 to the Extraordinary Reserves account

In Extraordinary General Assembly, it is decided to amend articles 8, 30 and 32 of the Articles of Association of Şekerbank in accordance with the proposal of the Board of Directors regarding the amendments. 

23.03.2009
%78,14 shares of BTA Bank JSC, the main shareholder of BTA Securities which holds 33.98% of Şekerbank T.A.Ş., has been taken over by Kazakhstan National Welfare Fund-Samruk Kazyna. This takeover has not changed the strategy of Şekerbank T.A.Ş. and Kazakh members of Board of Directors continue to fulfill their duties.

16.03.2009
Board of Directors of Şekerbank T.A.Ş. decided to distribute the net profit of the Bank amounting to TRY 144.307.193,27 which is the basis for the distribution of profit on financial statements of the Bank for the year 2008 within the framework of the Articles of Association of our Bank and the provisions of the Turkish Commercial Code to strengthen the financial structure and taking in to account the contribution to the Capital and Capital Adequacy Ratio of the Bank, as follows:

- TRY 7.215.359,66 YTL corresponding to 5% for Legal Reserves,
- The amount of TRY 11.220.334,12 which has been booked to 2008 financial statements as sale income of the Bank’s subsidiary, Çalık-Şeker Konsorsiyum Yatırım A.Ş., to the Special Fund account,
- Remaining amount of TRY 125.871.499,49 to the Extraordinary Reserves account. 

and to be submitted for the approval in General Assembly. 

04.03.2009
The Extraordinary General Assembly Meeting of our Bank shall be held on March 30, 2009, Monday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe/Mecidiyeköy/İSTANBUL
If it could not be held for any reason whatsoever on March 30, 2009, shall be held on April 6, 2009 at the same time and location.

Agenda
1. Opening & Establishment of Presidential Board and To authorize the Presidential Board to sign Minutes of Extraordinary General Assembly.
2. Amendment of the articles 8., 28., 30., 32. of Articles of Association of Şekerbank T.A.Ş. as approved by Board of Directors
3. Requests,
4. Closing. 

04.03.2009
The Ordinary General Assembly Meeting of our Bank for the fiscal year of 2008 shall be held on March 30, 2009, Monday, at 10:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok Esentepe/Mecidiyeköy/İSTANBUL
If it could not be held for any reason whatsoever on March 30, 2009, shall be held on April 6, 2009 at the same time and location.

Agenda 

1. Opening & Establishment of Presidential Board and To authorize the Presidential Board to sign the Minutes of Ordinary General Assembly.
2. Reading Board of Director’s Annual Report & Statutory Audits Report and discussion of Statutory Audit Report
3. Reading Independent Audit’s Summary Report and Election of Independent Audit Firm and approval of the firm according to Banking Regulation and Supervision Agency’s regulations
4. Reading of Balance Sheet and Profit & Loss, Discussions, Certification and Approval or disapproval of Distribution of the Bank’s profit according to Board of Directors suggestions
5. Approval of the substitute Members of Board of Directors who are assigned to serve residual term of membership of Board of Directors
6. To discharge Board of Directors and Auditors
7. Election of Statutory Auditors and determination of their terms of office.
8. To set Board of Directors and Auditors compensations
9. To furnish information on donations with our shareholders’
10. Requests
11. Closing. 
27.02.2009
ISS Corporate Services, Inc. (ISS) which has been certified by Capital Market Board of Turkey (CMB) to perform Corporate Governance Rating assessment, rated Şekerbank with a rating of 70.16 on 29.02.2008, ISS updated Şekerbank’s rating score with a rating of 81.36 within the context of “Shareholders”, “Public Disclosure and Transparency”, “Stakeholders” and “Board of Directors” as of 27.02.2009. The breakdown of Şekerbank’s rating score is shown as below.
 
Categories Weight Score Assigned Score
Shareholders 0.25 74.00 7.5
Public Disclosure and Transparency 0.35 87.04 8.5
Stakeholders 0.15 92.26 9.0
Board of Directors 0.25 74.24 7.5
Total 1.00 81.36 8.1

 

20.02.2009

As per the resolution of the Board of Directors dated 20.02.2009 numbered 37, Audit Committee has been decided to be formed by Halil Can Yeşilada and Erdal Arslan.

10.02.2009

As per the resolution of the Board of Directors dated 10.02.2009 numbered 27, it has been decided to assign Zafer Ersan and Halit Haydar Yıldız as Executive Vice President after the approval of Regulation and Supervision Agency.

02.02.2009

During this global crisis as in US and Europe, the Government of Kazakhstan became a shareholder of some Banks. In this context; BTA Bank JSC, the main shareholder of BTA Securities which holds 33.98% of Şekerbank T.A.Ş. has been taken over by Kazakhstan National Welfare Fund-Samruk Kazyna invested over USD 2 billion in cash by increasing capital. This statement has been made by BTA Bank JSC on February 2, 2009 with a press release.  

23.12.2008
5.000.000, 00 EURO compensation has been collected from a lawsuit that Şekerbank is party in previous years and booked as profit to our financial statements. 

22.12.2008
Within the context of Small Enterprises Loan Programme-SELP II, a framework agreement and a supplementary agreement regarding ensuring loan, for 15 million EURO for 4 years have been signed between Şekerbank T.A.Ş. and KfW Entwicklungsbank as of December 19, 2008. The loan to be ensured will be used for financing small enterprises in 49 province. SELP II is financed by KfW, CEB, European Union and Turkish Republic.

22.12.2008
International Financial Rating Agency, Fitch Ratings confirmed that Şekerbank maintains the scores which rated last year.
Fitch Ratings disclosed the Şekerbank’s long and short term foreign and local currency (YTL) score "B", consumer loan score "D" and long term national score "BBB+", support score "5" and long term borrowing Outlook and national Outlook "Stable".

22.12.2008
According to the Shareholders Agreement made in 2007 between Şekerbank T.A.Ş. Voluntary Pension Fund and BTA Securities JSC, initial stage capital has been increased from 125.000.000 YTL to 400.000.000 YTL in the second stage from 400.000.000 YTL to 500.000.000 YTL.
As a result Şekerbank's Board of Directors decided to increase Bank's capital 100.000.000 YTL. Therefore the procedure for increasing registry capital from 400.000.000 YTL to 500.000.000 YTL will be initiated. The nominal value of a share is 1,00 YTL and it will be submitted to shareholders from 1,00 YTL for exercising their rights.

25.11.2008
Şekerbank sold 34% of its shares in Çalık Şeker Investment Consortium A.Ş. with nominal value of 17.098.600,00 YTL under the sales option agreement to Çalık Holding A.Ş for USD 20.289.483 which was paid in cash as of November 25, 2008. As a result of the sale, Şekerbank does not have any share in Çalık Şeker Konsorsiyum A.Ş. 14.960.445,49 YTL has been booked as sales profit to our financial statements.

03.11.2008
Şekerbank sold 34% of its shares in Çalık Şeker Investment Consortium A.Ş. with nominal value of 17.098.600,00 YTL under the put option agreement to Çalık Holding A.Ş for USD 20.289.483 which will be paid in cash within the month of November. The Book value of the Bank’s share is YTL 17.096.937,65. The difference between the book value and sales price will be calculated and booked when the funds will be received. Further announcement will be made upon receiving the sales amount.
18.08.2008
Trabzon Branch will continue its operations at the address " Kunduracilar Caddesi, No: 74 TRABZON " as of August 18, 2008.

05.08.2008
Sekerbank ensured the amount of 170 million USD syndication loan with 1 year tenor from international markets for revising the 1 year timed tranche of 250 million USD dual tranched syndication loan which provided last year to contribute foreign trade business of the Bank. The agreement will be signed today in Istanbul. 

Commerzbank Aktiengesellschaft, Emirates NBD PJSC, Raiffeisen Zentralbank Österreich Aktiengesellschaft ve Wachovia Bank, N.A. were among the arrangers of 21 Banks that provided dual (EUR and USD) currency syndication. 

1 year tranche syndication loan will be provided with Libor + 0.80% p.a.

05.08.2008
We had implied that Sekerbank had targets regarding opening branch on abroad in its medium and long term plans. In this context; we are still working on feasibility plans in order to open Branch in Macedonia and Kosovo.

28.07.2008
Beyoglu Branch will continue its operations at the address "Sehit Muhtar Bey Caddesi, No:37-A Beyoglu / ISTANBUL"

24.07.2008
The main shareholder of Sekerbank T.A.S., TuranAlem Securities JSC’s name has been changed to “BTA Securities JSC”

11.07.2008
The 13th term of the labor agreement negotiations between Sekerbank T.A.S. and The Bank-Insurance Worker Union for the period 01.05.2008–30.04.2010, has been finalized with reconcilement for signing. 

Increase in compensation is assessed as below: 

For the first year 01.05.2008 – 30.04.2009; 
%11+30 YTL, 
For the second year 01.05.2009 – 30.04.2010; 
Inflation + %1
24.06.2008

Sekerbank signed a loan agreement with KfW Entwicklungbank on June 23, 2008 for 15 million Euro with a tenor of 10 years in order to support small and medium enterprises. The loan is provided as a subordinate loan. One-third of it has been allocated from German Government Funds.

16.06.2008

Sekerbank delegated arranger Banks; Commerzbank Aktiengesellschaft, Emirates Bank International, Raiffeisen Zentralbank Österreich Aktiengesellschaft and Wachovia Bank to ensure an initial amount of 100 million USD syndication loan for revising the 1 year timed tranche of the syndication loan provided last year to contribute foreign trade financing. Syndication loan will be USD or EURO for 1 year Libor (or EURIBOR) + 0.80%

02.08.2008

Sekerbank T.A.S. has signed an agreement with Wachovia Bank N.A. for USD 10 million non repayable for 2,5 years with a tenor of 5 years in order to finance SME and Small Enterprises under the guarantee of Overseas Private Investment Corporation-OPIC)

27.05.2008

Sekerbank T.A.S. has been chosen among four Banks in order to mediate to the Small Enterprises Loan Programme-SELP II conducted by KfW, targets to provide medium term credit facility to small enterprises in order to increase economic development and employment and to level regional differences.

15.05.2008

The 13th term of the labor agreement negotiations between Sekerbank T.A.S. and The Bank-Insurance Worker Union has been started.

01.05.2008

Þekerbank T.A.Þ. Ordinary General Assembly held on 29.04.2008, please click to see the minutes of meeting.

29.04.2008

The net profit of our Bank that amounts to TRY 101.246.042,88 after deduction of the previous year’s loss and constitutes the basis for the distribution of profit arising from the financial statements of our Bank for the year 2007 within the framework of the Articles of Association of our Bank and the provisions of the Turkish Commercial Code was resolved to distribute in Ordinary General Assembly Of Þekerbank T.A.S. held on 29/04/2008 as follows: TRY 5.062.302,14 YTL corresponding to 5% for Legal Reserves, 
Calculation of the first dividend for the shareholders that amounts to TRY 20.000.000,00 corresponding to 5% of the paid-up capital over the balance TRY 96.183.740,74, allocating TRY 1.523.674,81 corresponding to 2% of the balance TRY 76.183.740,74 to the Board Members as dividends,
Setting up TRY 152.367,48 corresponding to one tenth of the amount remaining from the profit distributed, as the Secondary Legal Reserves in accordance with sub-paragraph three, paragraph two of Article 446 of the Turkish Commercial Code,
Transfer of the balance TRY 74.507.698,44 and the deferred tax income that amounts to TRY 18.892.910,45 to the Extraordinary Reserves account as TRY 93.400.608,89 in total, and That the time and method of distribution to be decided by the Board of Directors.

29.04.2008

At Şekerbank’s Ordinary General Meeting held on 29 April 2008, It is decided to pay shareholders a total net amount of NTL 20.000.000 as dividend which is an equivalent of gross TRY 0.05, and net TRY 0,0425 with a nominal value of NTL 1

22.04.2008

Karadeniz Ereğli, Hopa, Pınarbaşı, Biga, Akçaabat branches of Şekerbank got into swing with 304, 302, 307, 309, 303 branch codes at the addresses respectively “Müftü Mahallesi, Erdemir Caddesi, No:64 Ereğli / ZONGULDAK”, “Merkez Kuledibi Mah. Turgay Ciner Cad. No:32 08600 Hopa / ARTVİN” “Çanakkale Caddesi, 105.Sokak, No:1 Pınarbaşı Bornova / İZMİR”, “İstiklal Mahallesi, İstiklal Caddesi, No:69 Biga / ÇANAKKALE”, “Dürbinar Mahallesi, Hükümet Caddesi, Tosun İhanı No:81/A Akçaabat / TRABZON” as of April 22, 2008 on Tuesday.

21.04.2008

Nizip Branch of Şekerbank got into swing with 308 branch code at the address “Fevzi Paşa Mahallesi, Necip Mahmut Caddesi, No:82 Nizip / GAZİANTEP” as of April 21, 2008 on Monday.

18.04.2008

Aliağa Branch of Şekerbank got into swing with 301 branch code at the address “Kazımdirik Mahallesi, İstiklal Caddesi, No:62 Aliağa / İZMİR”, Ankara Caddesi/Bursa Branch of Şekerbank got into swing with 306 branch code at the address “Anadolu Mahallesi, Ankara Caddesi, No:75 16260 Yıldırım/ BURSA” as of April 18, 2008 on Friday.

11.04.2008

Hadimköy Branch of Sekerbank got into swing with 297 branch code at the address “Çakmakli Mahallesi, Hadimköy Baglanti Yolu, No:21 Kiraç Büyükçekmece / ISTANBUL”, Sarigazi Branch of Sekerbank got into swing with 298 branch code at the address “Sarigazi Mahallesi, Eski Ankara Caddesi, Saray Sokak, No:65 Ümraniye / ISTANBUL” and Besevler/Bursa Branch of Sekerbank got into swing with 305 branch code at the address “Besevler Mahallesi, Koçman Caddesi, No:407 Nilüfer / BURSA”as of April 11, 2008 on Friday.

09.04.2008
The Ordinary General Assembly Meeting of our Bank for the fiscal year of 2007 shall be held on April 29, 2008, Tuesday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok 1.Levent/ISTANBUL Agenda Opening & Establishment of Presidential Board and To authorize the Presidential Board to sign general shareholders’ minute book. Reading Board of Director’s Annual Report & Audits Report and discussion of Audit Report Reading Independent Audit’s Summary Report and Election of Independent Audit Firm and approval of the firm according to Banking Regulation and Supervision Agency’s regulations, Reading of Balance Sheet and Profit & Loss, Discussions, Certification and Approval or disapproval of Distribution of the Bank’s profit according to Board of Directors suggestions, Amendment of the articles 8., 20., 28., 29., 30., 32., 33., 34. and 39.of Articles of Association of Sekerbank T.A.S. as approved by Board of Directors Approval of the substitute Members of Board of Directors who are assigned to serve residual term of membership of Board of Directors To discharge Board of Directors and Auditors To set Board of Directors and Auditors compensations To furnish information on donations with our shareholders’ Requests Closing.
04.04.2008
Bucak Branch of Sekerbank got into swing with 299 branch code as of April 4, 2008 on Friday at the address "Konak Mahallesi, Süleyman Demirel Bulvarı, No:24 Bucak / BURDUR"
28.03.2008
As stated in our disclosures dated 21.03.2007 & 08.08.2007 that Sekerbank has been collected tax return amount of totaling YTL 47.708.126,58. Further to our negotiations with the Tax Authority; The Bank has agreed on returning YTL 1.106.913,12 to the Tax Authority in accordance for the years 2001/2005. The amount of YTL 1.106.913,12 will be booked as an expense item to our books.

24.03.2008
Giresun Branch will continue its operations as of March 24, 2008 on Monday at the address "Hacimiktat Mahallesi, Alpaslan Caddesi, No: 31 GIRESUN"

19.03.2008
As per the resolution of the Board of Directors it has been decided to amend articles 8, 20, 28, 29, 30, 32, 33, 34 and 39 of Sekerbank’s Articles of Association at the first General Assembly.

18.03.2008
Konya/Mevlana Branch will continue its operations with the name "Karatay Sanayi" as of March 18, 2008 on Tuesday at the address "Karatay Sanayi Sitesi, Isik Mahallesi, Saka Sokak, No:43 Selçuklu/KONYA"

17.03.2008
We have been received TRY 61.000.000 of non performing loan portfolio TRY 243.793.215,60 on March 14, 2008. As it has been announced on February 25, 2008 that the operations related with sale TRY 243.793.215,60 of nonperforming loans to Lehman Brothers as the highest bidder for TRY 61.000.000.

29.02.2008
Etimesgut Branch of Sekerbank got into swing with 296 branch code as of February 29, 2008 on Friday at the address “Istasyon Mah. Tüzün Sok. No:45 Etimesgut / ANKARA”

29.02.2008
ISS Corporate Services, Inc. (ISS) which has been certified by Capital Market Board of Turkey (CMB) to perform Corporate Governance Rating assessment, has rated our Bank with a good rating of 70.16 within the context of “Shareholders”, “Public Disclosure and Transparency”, “Stakeholders” and “Board of Directors”. Sekerbank is started the application procedures to ISE CG Index.

26.02.2008
We had announced that the operations related with the sale of nonperforming loans were started as of September 27, 2007 and the operations related with the sale of non performing loans were conducted as of December 14, 2007. As a result of the mentioned operations; the Board of Directors resolved to sell the nonperforming loans amount of TRY 243.793.215,60, to Lehman Brothers which offers the highest price TRY 61.000.000. The transaction will be finalized after the completion of procedures.

22.02.2008
Our Mamak Branch commenced its operations on February 22, 2008 Friday with branch number 295 at the address General Zeki Dogan Mahallesi, Natoyolu Caddesi No:10 Mamak/ANKARA

06.02.2008
It has been resolved that resigning requests of Saduakas Mameshtegi and Kairat Bektanov among members of the Board of Directors shall be accepted and Khalil Kamalov and Oleg Tsurkan shall be appointed as the new Members of Board of Directors according to the resolution of the board of directors of our Bank dated 05.02.2008 with resolution number 11.

01.02.2008
General Manager-CEO of our bank, Dr. Hasan Basri Göktan assigned his duty to Meriç Ulusahin on the date of 01.02.2008 as stated in the disclosure that we have been made on 18.12.2007. Dr. Hasan Basri Göktan started to act as Chairman of the Board of Directors of our Bank on the same date. Erdal Arslan who acted as Chairman of the Board of Directors until that date shall henceforth act as Member of the Board of Directors.

16.01.2008
Our majority shareholders carry out prediction studies about the equity requirement in terms of the strategies and business plans approved by our Board of Directors and they have revised this requirement within the scope of both long term and annual budget studies. An equity scale in corresponds to the business plan of our bank is updated in compliance with both provisions of the effective regulation and the administrative predictions. Paying dividends is one of the components determining the scale of equity and the respective explanations put across the considerations and wishes.

The competent body of our Bank for paying dividends is General Assembly. After Board of Directors announces the agenda than it will be presented to the General Assembly for their approval on paying dividends according to the financial results of the completed fiscal year, to the public via the Istanbul Stock Exchange.

Opening Branches abroad according to the effective regulation is subject to the permission of BRSA (Banking Regulation and Supervision Agency). BRSA has been applied for opening branch in Bahrain but it has not been finalized yet. Following finalization of our application; our business plan with regard to this Branch opening shall be announced to the public.

14.01.2008
Our Kurköy Branch commenced its operations on January 14, 2008 Monday with branch number 294 at the address Seyhli Mah. Ankara Cad. No:25 Pendik/Istanbul.

Authorized Personnel to Disclose Material Events
Mesut OZDINC Executive Vice President, H. Cenk EYNEHAN, Vice President of Investor Relations and Subsidiary Division and Irem SOYDAN, Vice President of Financial Control and Accounting Division are authorized to disclose the material events of the Sekerbank T.A.S.