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FINANCIAL INFORMATION
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I OF SECTION THREE
ARAP TÜRK BANKASI ANONİM ŞİRKETİ
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AT 31 DECEMBER 2015
(AMOUNTS EXPRESSED IN THOUSANDS OF TURKISH LIRA (“TL”) UNLESS OTHERWISE STATED. )
SECTION ONE
GENERAL INFORMATION ABOUT THE PARENT BANK
I. PARENT BANK’S DATE OF ESTABLISHMENT, BEGINNING STATUTE, ITS HISTORY REGARDING CHANGES ON ITS
STATUTE
Arap Türk Bankası Anonim Şirketi (“the Bank”) has been established in 1977 as a joint stock entity in accordance with an
agreement signed on 11 August 1975 between the Republic of Turkey and the Libyan Arab Republic. 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 Libyan Foreign
Bank assigned by the Board.
II. PARENT BANK’S SHARE CAPITAL STRUCTURE, SHAREHOLDERS DIRECTLY OR INDIRECTLY, ALONE OR
TOGETHER HOLDING THE MANAGEMENT AND CONTROL OF THE BANK, RELATED CHANGES WITHIN THE YEAR
AND INFORMATION ABOUT THE 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.
As of 31 December 2015, the Parent Bank’s share capital at the balance sheet date as follows:
Current Period
Prior Period
Shareholders
Share amounts
Share
percentages
(*)
Share amounts
Share
percentages
(*)
Libyan Foreign Bank
274,426
62.37% 274,426
62.37%
T. İş Bankası A.Ş.
90,534
20.58%
90,534
20.58%
T.C. Ziraat Bankası A.Ş.
67,900
15.43%
67,900
15.43%
Kuwait Investment Co.
7,140
1.62%
7,140
1.62%
Total
440,000
100% 440,000
100%
(*)
Emek İnşaat ve İşletme A.Ş. has 0,0000014% share in the paid capital by TL 6.20 (full digit in TL) (31 December 2014: 0,0000014% share and
TL 6.20 (full digit in TL)).
III. INFORMATION ABOUT THE PARENT BANK’S CHAIRMAN AND MEMBERS OF BOARD OF DIRECTORS,
MEMBERS OF AUDIT COMMITTEE, GENERAL MANAGER AND ASSISTANT GENERAL MANAGERS AND THEIR
QUALIFICATIONS, RELATED CHANGES WITHIN THE YEAR AND THEIR SHARES AT THE BANK
Chairmen of the Board of Directors and Board Members
Name
Job Title – Description
Osman Arslan
Chairman of the Board of Directors
Ahmed Mohamed M. Benbarka
Deputy Chairman of the Board of Directors and Member of the Audit Committee
Abdulhakim A. E. Khamag
Member of the Board of Directors and General Manager
Abdurauf İbrahim Shneba
Member of the Board of Directors and Head of Audit Committee
Kemal Şahin
Member of the Board of Directors and Audit Committee
Ömer Muzaffer Baktır
Member of the Board of Directors and Audit Committee
Abdulfatah A. Enaami
Member of the Board of Directors
Ben Issa A. Hudanah
Member of the Board of Directors
Fikret Utku Özdemir
Member of the Board of Directors