Reference: Public disclosure on 04/16/2019.
As per its previous disclosure, the Board of Directors has granted this Head Office the authority to borrow loans to be accounted as part of the Additional Tier 1.
The Head Office, as approved by BDDK on April 19, 2019, and under Article 7 of the BDDK Regulation on Bank Equities, has exercised its authority to sign a subordinated loan agreement with the Turkey Wealth Fund Corporation's Market Stability and Equalization Fund to borrow 900 million Euro to be accounted as part of the Additional Tier 1 and duly executed the relevant transaction on April 24, 2019. The agreement shall operate on a rolling, fixed-rate basis with the earliest prepayment option and the first interest payment set for the end of year 5.
In case of any contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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