Page 154 - A&T BANK ANNUAL REPORT 2012

GENERAL INFORMATION
CORPORATE MANAGEMENT
FINANCIAL INFORMATION
ARAP TÜRK BANKASI ANONİM ŞİRKETİ
CONSOLIDATED FINANCIAL REPORT
AS OF 31 DECEMBER 2012
(Currency: Thousands of Turkish Lira (“TL”) unless otherwise stated)
Convenience Translation of Consolidated Financial
Report Originally Issued in Turkish
See Note on I. in Section Three
SECTION ONE
GENERAL INFORMATION
I. Parent Bank’s date of establishment, beginning statute, its history including changes on its statute
Arap Türk Bankası Anonim Şirketi (“the Bank”) has been established on 18 July 1976 as a joint stock entity in accordance with
an agreement signed between the Republic of Turkey and the Libyan Arab Republic. The Bank is managed in conformity with
the Articles of Association published in Official Gazette on 18 July 1976 and also as per the “Agreement for the Establishment
of a Joint Bank between the Libyan Arab Republic and the Republic of Turkey” dated August 11, 1975. The duration of the Bank
is 50 years from the commencement of the Agreement. This period shall be renewable automatically unless agreed otherwise
by an Extraordinary General Meeting held at least one year prior to expiration.
In accordance with the Articles of Association, the Board of Directors shall elect a Chairman among its Turkish members and
a Deputy Chairman among its Arab members. The General Manager shall always be nominated by the Arab Shareholders
assigned by the Board.
II. The Parent Bank’s share capital structure, shareholders directly or indirectly, alone or together holding the
management and control of the Parent Bank, related changes within the year and information about Parent Bank’s
group
The Parent Bank is a foreign bank status incorporated in Turkey. The main shareholder Libyan Foreign Bank is %100 owned by
Central Bank of Libya. The main shareholder Libyan Foreign Bank has financial investments in various countries.
The other shareholders are Türkiye İş Bankası A.Ş., and T.C. Ziraat Bankası A.Ş.
The Parent Bank’s share capital at the balance sheet date as follows:
Shareholders Share amounts Share percentages
Libyan Foreign Bank 149,687 %62.37
T. İş Bankası A.Ş. 49,382 %20.58
T.C. Ziraat Bankası A.Ş. 37,036 %15.43
Kuwait Investment Co. 3,895 %1.62
Total 240,000 %100
(*) Emek İnşaat ve İşletme A.Ş. has %0,0000014 share in the paid capital by 3,38 TL.
As a result of the developments in Libya in 2011, the fulfillment of the requirements of United Nations Security Counicil
(“UNSC”) decisions no. 1970 and 1973, previously taken within the framework of the Council of Ministers no. 2011/2001 dated
21 June 2011, as sanctioning the Parent Bank’s controlling shareholder Libyan Foreign Bank, has been ceased to be effective,
with the decision of Council of Ministers, no. 2012/2727 dated 1 February 2012.
In parallel with these developments, as per the decision of the Saving Deposit Insurance Funds (“SDIF”) dated 1 March 2012
and numbered 77, usage of the shareholder rights of Libyan Foreign Bank, the majority shareholder residing in Libya, having
62.37% share in Arap Türk Bank A.Ş., by the SDIF has ceased as at 15 March 2012 following to the General Assembly Meeting
of Arap Türk Bank A.Ş. about the 2011 operating period.