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Turkish central bank to distribute contingent reserves with annual profit

Central Bank to pay advance dividends of 90% calculated on 2019 undue financial year

News Service
12:33 - 20/01/2020 Pazartesi
Update: 12:48 - 20/01/2020 Pazartesi
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Central Bank of the Republic of Turkey
Central Bank of the Republic of Turkey

Turkey's Central Bank on Monday said it will distribute accumulated contingent reserves with annual profit, excluding last year's.

The decision came at its top huddle in the capital Ankara where stakeholders gathered to discuss and vote on the 2019 profit distribution.

The Extraordinary General Assembly also agreed to distribute the advance dividends of 90% calculated on the 2019 undue financial year of the bank.

#advance dividend
#Central Bank
#Turkish Central Bank Extraordinary General Assembly
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