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A&T BANK 2014 FAALİYET RAPORU
ANNU L R PORT 2014
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 by an independent audit firm.
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 97,476
(2013: TL 62,288) 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 2014.
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 theGeneral Assembly in the year 2014 have been
fulfilled.
Extraordinary General Assembly Meetings during the Year
The Bank did not hold any Extraordinary General AssemblyMeeting
in the year 2014.
Aid and Donations
As of December 31, 2014 the Bank’s aid and donations amounted to
TL 51,183 (31December 2013: TL 620).
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 LFBGroup in the formof borrowing-lending. Agreements
in all legal proceedings were reached based on similar principles,
procedures, and conditions of non-group persons. Nomeasure was
applied to the detriment of the Bank in accordance with the initiatives
or interests of the Bank’smain shareholders or affiliates.
Dividend Policy
At the Bank’s Ordinary General Assembly regarding to the year of
2013, held onMarch 28, 2014, the profit distribution proposal of the
Board of Directors was approved; separation of TL 2,533,253.05
Legal Reserves from the balance sheet profit of TL 49,590,297.50
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 riskmanagement systemhas
been establishedwithin 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 programof the Bank’s Inspection Council. In addition,
market, credit and operational risk and capital adequacy ratios
are calculated andmonitored on consolidated basis at the end of
each quarter by the RiskManagement Department.
• The Board of Directors declared the following statement in the
Affiliated Company Report, prepared in accordance with Article
199 of the Turkish Commercial CodeNo: 6102, andwhich covers
the relations with themain shareholder and its affiliates:
“All transactions of our Bank realizedwith themain shareholder and
its affiliated enterprises between 1 January and 31December 2014
have been evaluated. The realisation of these commercial and legal
transactions, which were carried out with our main shareholder and
its affiliates in year 2014, were required for our banking activities
and realized in accordance with prevailingmarket 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.”
Other Regulatory Explanations