Changes in the Articles of Association

At the Extraordinary General Assembly Meeting of Türk Eximbank convened on 12 January 2017, “Article 7 - Capital of the Bank”, and “Article 8 - Capital Increase” of the Articles of Association were modified. Under the modification made, the Bank switched to the registered capital system and the registered capital ceiling was set as TL 10,000,000,000. At the most recent Ordinary General Assembly Meeting convened on 05 June 2024, “Article 7 - Capital of the Bank” of the Articles of Association was amended and the registered capital ceiling was increased to TL 120,000,000,000.

At the Ordinary General Assembly Meeting held on 05 June 2024, the following took place in addition to the provision governing the registered capital ceiling,

The Bank’s authorized capital was increased by TL 15.1 billion in aggregate in February and March, from TL 20.6 billion to TL 35.7 billion, which was covered in cash by the Republic of Türkiye Ministry of Treasury and Finance; TL 19.57 billion was transferred from extraordinary reserves based on an amendment to the Articles of Association and the current authorized capital was raised to TL 55.27 billion. Capital increase procedures have been completed and registered with İstanbul Trade Registry Office and promulgated in the Official Gazette issue 11180 dated 07 October 2024.