Wednesday, Jun 26

Turkish Central Bank distributes $6.3B advance dividend

Bank holds its Extraordinary General Assembly meeting on Friday.
19.01.2019 - 12:59

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The Central Bank of the Republic of Turkey (CBRT) decided to start the distribution of 33.7 billion liras ($6.3 billion) advance dividend to shareholders.

THE CBRT'S GENERAL ASSEMBLY MEETING

The decision was made in the bank's Extraordinary General Assembly meeting on Friday, according to a written statement.  The bank's statement also said: "An amendment was made to the Articles of Association of the Bank, allowing the General Assembly to convene within three months."

In 2019, the meeting was held in January to provide liquidity for the market earlier, Turkish Treasury and Finance Minister Berat Albayrak said last week.