Key Developments: Akbank TAS (AKBNK.IS)
10.45TRY
10:39am EDT
0.35TL (+3.47%)
10.10TL
10.15TL
10.50TL
10.10TL
22,619,686
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Latest Key Developments (Source: Significant Developments)
Akbank TAS Announces Dividend Payment For FY 2012
Akbank TAS announced that it will distribute gross TRY 0.1425000 per share and net TRY 0.1211250 per share as cash dividends for the fiscal year 2012. Full Article
Akbank TAS Secures USD 185 Million of Credit
Akbank TAS announced that it has signed a credit agreement to receive USD 185 million with 6-year maturity. Full Article
Akbank TAS Announces Dividend Payment For FY 2011
Akbank TAS announced that its Board of Directors has recommended the distribution of a total of gross TRY 418 million, equivalent to gross TRY 0.104500 per share and net TRY 0.088825 per share, as cash dividends for the fiscal year 2011. The proposed distribution date is April 2, 2012. Full Article
Akbank T.A.S. Announces New General Manager (CEO)
Akbank T.A.S. announced that Mr. Ziya Akkurt has resigned from his post as General Manager (CEO), and the post will be held by Mr. Sabri Hakan Binbasgil, effective January 5, 2012. Mr. Binbasgil was previously acting as Vice General Manager. Full Article
Akbank T.A.S. Liquidates Wholly-Owned Subsidiary
Akbank T.A.S. announced that it has liquidated its Netherlands-based wholly-owned subsidiary, Ak Global Funding B.V. Full Article
Akbank T.A.S. To Receive Syndicated Loan
Akbank T.A.S. announced that it has authorized a consortium of banks to receive a syndicated loan of EUR 708.5 million and USD 422 million with one-year maturity. The Company also announced that the said loan will be used in the financing of international trade and its cost will be Euribor +1% and Libor +1%, respectively. Full Article
Fitch Rates Akbank AG in line with Parent at 'BBB'
(The following statement was released by the rating agency) LONDON, May 21 (Fitch) Fitch Ratings has today assigned ratings to Akbank A.G. (AAG), which is fully-owned by Akbank T.A.S. (Akbank) of Turkey, including a Long-term Issuer Default Rating (IDR) of 'BBB', a Short-term IDR of 'F3' and a Support Rating of '2'. The Outlook on the Long-term IDR is Stable. KEY RATING DRIVERS - IDRs AND SUPPORT RATING The equalisation of AAG's IDRs with those of Akbank, and the assignment of the '2' Supp
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