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 Ordinary General Assembly Meeting of the Bank convened on 26 March 2021, Articles 7 and 8 of the Articles of Association were updated and the registered capital ceiling was set as TL 17,500,000,000. Within the specified limit, the Bank’s share capital was increased to TL 10.800,000,000 based on the Board of Directors decision dated 29 December 2021.

capital increase Türk Eximbank's share capital was increased by 16.5% to TL 10.8 billion.

In addition to the above, “Article 34 – General Manager” of the Articles of Association was revised to stipulate that the General Manager will be appointed by the Board of Directors in accordance with Article 217 of the Statutory Decree numbered 703.