With a mission to add value to people, DenizBank has its articles of association signed by the board of directors in which it explains both this mission and the basic elements of the partnership such as the bank's establishment, capital structure, purpose, subject, capital share limit, and title. The rights, authorizations, obligations, and rules to be followed are also specified within the framework of this agreement.
Establishment and Title
- A joint-stock company (“Bank”) named DenizBank Anonim Şirketi has been incorporated to operate in the banking field pursuant to the Decree of the Council of Ministers dated September 18, 1996 and no. 968532, published in the Official Gazette dated October 11, 1996, and no. 22784, according to the provisions of the applicable Turkish laws and these Articles of Association.
- The title of the bank is DenizBank Anonim Şirketi or Denizbank A.Ş. Denizbank or DenizBank are the bank's business titles under the article no. 53 of the Turkish Commercial Code (“Turkish Commercial Code”) no. 6102 and dated January 13, 2011.
Purpose and Subject of Business
DenizBank aims to contribute to savings within the work order required by modern banking, to evaluate these savings in the fields required by the economy, and to carry out all activities in all kinds of banking fields. In line with these goals, the Bank may:
- Conduct commercial, investment, personal banking, and other types of banking in accordance with the legislation,
- Make all kinds of banking transactions with the Central Bank of the Republic of Turkey and domestic and foreign banks,
- Conduct foreign trade, exchange transactions, establish positions, receive/issue external loans, establish all kinds of correspondent, representative, brokerage relations with foreign banks with regard to these issues.
- Accept any current, notice, and term deposits in foreign exchange and/or Turkish Lira (“TL”),
- Issue medium, long, or short-term, cash and/or non-cash loans and commodity loans to individuals, domestic and international banks, and institutions. In this context, the Bank may engage in transactions of letters of credit such as payment against goods and documents, etc. The Bank may provide all kinds of non-cash loans and other guarantees, especially letters of guarantee, acceptance and endorsement loans,
- And perform discount and subsidiary transactions and services domestically and abroad.
Executive Bodies of the Bank
- General Assembly
- Board of Directors
- General Manager
- Management Committee
Duties and Responsibilities of the Board of Directors
Certain duties and responsibilities of the Board of Directors that enable DenizBank to act in accordance with its goals are as follows:
- Managing the Bank's movable and fixed properties, conducting all types of transactions and legal actions related to the bank's purpose and the subject of activity for and on behalf of the bank,
- Representing the Bank before shareholders and third parties and, when necessary, in the courts, settle and resolve conflicts through peaceful means, acquittal, and arbitration,
- Determining the Bank's short-and long-term goals, identifying strategies that will allow the bank to achieve its established goals, contributing to obtaining results,
- Preparing the regulations governing the internal affairs, management, and activities of the Bank,
- Requesting and receiving any information from the Bank's Credit Committee related to the bank's activities, reviewing the documents and monitoring the activities of the Credit Committee,
- Evaluating the Bank's strategic and financial performance and taking the necessary measures to improve the Bank's performance.
The Board Members are responsible for carrying out their responsibilities in good faith and looking after the interests of the Bank and all shareholders. At the same time, the Board Members will regulate their business and private relationships in a way that avoids conflicts of interest.
- Audit Committee
- Corporate Governance and Appointments Committee
- Credit Committee
Decisions regarding the audit, accounting period, debt instruments, reporting, and profit distribution are indicated in the financial provisions section of the articles of association.
Decisions on corporate governance principles, announcements, authorized court, and general legal functioning are included in the miscellaneous provisions section.