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GENERAL INFORMATION
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CORPORATE MANAGEMENT
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FINANCIAL INFORMATION
A&T BANK 2013 ANNUAL REPORT
Information on Public and Special Audit Facilities
In addition to constant surveillance of the Banking Regulation
and Supervision Agency, the Bank is subject to a limited range
of monitoring at the end of each quarter and the full range of
monitoring at the end of each year.
Information on Lawsuits filed against the Bank and the
Possible Consequences
During the accounting period, no actions have been brought
against the Bank that may affect its financial condition and
activities.
Administrative Fine
The Bank paid an administrative penalty of TL 62,288 (2012:
TL 100,424) in the accounting period, due to applications
contrary to the provisions of related legislation.
Prior Period’s Specified Objectives, Implementation of
General Assembly Resolutions
The Bank reached the financial targets set for the year 2013.
Information on the financial performance of the Bank during the
reporting period is explained in Section 1 of Annual Report /
General Information / Financial Indicators.
All decisions of the General Assembly in the year 2013 have
been fulfilled.
Extraordinary General Assembly Meetings during the Year
The Extraordinary General Assembly was held on June 27,
2013 in order to comply with the related provisions of the
Turkish Commercial Code.
The articles of 4, 6, 7, 8, 9, 10, 12, 13, 15, 16, 18, 19, 20, 22, 23,
29 and 30 were amended, article 17 was cancelled and a new
article was added to the Bank’s Articles of Association.
Aid and Donations
As of December 31, 2013 the Bank’s aid and donations
amounted to TL 620 (31 December 2012: TL 16,660).
Relations with the main shareholder and its affiliates
Libyan Foreign Bank (LFB) holds the largest share in the Bank’s
paid-in capital of 62,37%. During the accounting period, the
Bank carried out various banking transactions with LFB and
other banks in the LFB Group in the form of borrowing-lending.
Agreements in all legal proceedings were reached based on
similar principles, procedures, and conditions of non-group
persons. No measure was applied to the detriment of the Bank
in accordance with the initiatives or interests of the Bank’s main
shareholders or affiliates.
Dividend Policy
At the Bank’s Ordinary General Assembly regarding to the
year of 2012, held on March 29, 2013, the profit distribution
proposal of the Board of Directors was approved; separation of
TL 2,916,460.69 Legal Reserves from the balance sheet profit
of TL 58,700,356.65 and transferring the remaining amount to
the previous year’s income and loss account were decided by
consensus.
Group of Companies
• Libyan Foreign Bank (LFB) holds the biggest stake in the
Bank’s paid-up capital of 62,37%.
• The direct or indirect participations of LFB group hold no
shares in A&T Bank.
• An effective internal control and risk management system
has been established within the group, formed together with
A&T Finansal Kiralama A.Ş. (“the company”). The company is
involved in the consolidation of the financial statements and
included in the annual audit program of the Bank’s Inspection
Council. In addition, market, credit and operational risk and
capital adequacy ratios are calculated and monitored on
consolidated basis at the end of each quarter by the Risk
Management Department.
• The Board of Directors declared the following statement in
the Affiliated Company Report, prepared in accordance with
Article 199 of the Turkish Commercial Code No: 6102, and
which covers the relations with the main shareholder and its
affiliates:
“All transactions of our Bank realised with the main shareholder
and its affiliated enterprises between 1 January and 31
December 2013 have been evaluated, The realisation of these
commercial and legal transactions, which were carried out
with our main shareholder and its affiliates in year 2013 were
required for our banking activities and realized in accordance
with prevailing market conditions and comply entirely with the
precedent transactions with third parties. As a result, there are
no decisions, which were taken against our Bank’s commercial
benefits or no commercial transactions that cause loss for the
Bank.”