The Chairman, Deputy Chairman and Members of the Board of Directors receive an annual salary that is determined by the General Assembly annually. Within this scope, the gross amount (including remuneration, travel allowance, accommodation, representation expenses, other real and material rights) paid to the members of the Board of Directors, members of the Audit Board and senior executives is TL 43.3 million in 2021. We state this matter in Article 8 of the 67th Ordinary General Assembly Meeting and publish the minutes of the General Assembly on our website. However, considering the banking sector practice, we do not disclose the remuneration wages and all the benefits provided to the members of the Board of Directors and executives with administrative responsibilities on an individual basis. We determine fixed and performance-based payments to senior management and other employees in line with the principles set out in our Bank’s Remuneration Policy, and publish the relevant document in Turkish and English on our corporate website.

On the other hand, the loans to be extended to the members of our Board of Directors and our executives by our Bank are limited in accordance with Article 50 of the Banking Law. In this context, our Bank did not lend money or extend loan to any member of the Board of Directors. The conditions of any member of the Board of Directors have not been improved, loan has not been extended through a third party and no collateral has been given by the Bank.

In addition, in accordance with Articles 395 and 396 of the Turkish Commercial Law, members of the Board of Directors are permitted at the general assembly. There is no activity that took place within the scope of the permission granted in 2021.