29.03.2025 09:50
A formal statement was made by İş Bankası regarding the claims circulating on social media that "a trustee will be appointed to İş Bankası." In its statement, the bank said, "Recently, there have been speculative statements that aim to undermine our bank's reputation and influence the decisions and behaviors of investors. These statements are not only unfounded but also constitute a violation of capital market regulations and banking regulations, and should not be taken seriously."
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The Türkiye İş Bankası made a statement regarding the allegations of trusteeship mentioned in some news sites about the bank.
In the statement, it was said, "In recent times, on social media platforms, speculative statements and claims that aim to undermine our bank's reputation and fame, and that aim to influence the decisions and behaviors of investors, should not be trusted, as they also constitute a crime under capital market regulations and banking regulations."
The statement from İş Bankası included the following expressions:
"PRESS RELEASE
Due to the material and legal claims and statements that are contrary to the truth regarding the violation of the will of the Great Atatürk through our bank's founding usufruct certificates, and the deliberate harm caused to the institutions that are beneficiaries of the will, it has been deemed appropriate to issue this press release to properly inform our shareholders, customers, and domestic and foreign investors."
"FOUNDING USUFRUCT CERTIFICATES ARE NOT IN THE NATURE OF SHARE CERTIFICATES"
The founding usufruct certificates regulated in Article 22 of our Bank's Articles of Association are not legally in the nature of share certificates but are of usufruct certificate nature. Founding usufruct certificates do not represent any share in the capital legally, do not grant rights such as the right to participate in the general assembly or voting rights, and only provide property rights.
Indeed, it is stated in the mentioned article of our Bank's Articles of Association that one founding usufruct certificate will be given to those who acquire 100 share certificates at once during the establishment. The same article also regulates that this right exists up to a capital of four million, and if the capital is increased beyond this amount, no founding usufruct certificates will be issued, and after the capital reached this amount in 1927, no founding usufruct certificates have been issued.
In the Extraordinary General Assembly of our Bank on 31.05.1991, a decision was made by the shareholders at that time to increase the capital, and in accordance with the legal regulations and the precedents of the Supreme Court, an amendment was made to Article 58 of our Articles of Association, limiting the profit distributions to the founding usufruct certificate holders to "the portion of the paid-in capital amounting to 250,000 TL." The mentioned amendment to the Articles of Association has become a legally binding provision for our Bank by being registered. Therefore, the profit distributions made from that date have been implemented in accordance with the information and supervision of the legally authorized authorities to which our Bank is subject, taking into account this registered amendment to the Articles of Association.
Moreover, it is also fair that the holders of founding usufruct certificates do not receive dividends from the increased capital since they did not participate in the capital increase.
"ALL DECISIONS WERE MADE IN FAVOR OF OUR BANK"
After more than 30 years since the General Assembly and the amendment to the Articles of Association of our Bank in 1991, speculative claims and objections regarding the profit distribution have begun to be raised by certain individuals who are thought to have acted together, knowing the nature of the founding usufruct certificate and the scope of the rights it provides to its holder, and these speculative claims and objections have been brought to the judiciary through unjust lawsuits filed by these individuals.
The plaintiffs, who are thought to have acted together, have filed various lawsuits with petitions and demands that are almost identical, making misleading claims and unjust accusations against the will of Gazi Mustafa Kemal Atatürk in order to attract public attention and gather supporters, without any material and/or legal basis, and have also made criminal complaints.
In the ongoing judicial processes, all decisions made so far have been in favor of our Bank in accordance with the procedure and law, and the completion of the legal processes is awaited.
As is known, all dividends corresponding to Atatürk shares, which are also the founder of our Bank, are fully and timely paid by our Bank to the Turkish Language Association and the Turkish Historical Society, and all transactions of our Bank throughout the process are carried out under the knowledge and supervision of the relevant authorities. Likewise, the lawsuits filed against our Bank regarding the alleged violation of the will have also been definitively rejected by the Civil Courts.
In this context, speculative statements and claims that aim to undermine our bank's reputation and fame, and that aim to influence the decisions and behaviors of investors, should not be trusted.
Our Bank is a long-established institution that carries out its activities in accordance with the law, legal regulations, morality, and ethical values. We inform the public that legal actions will be taken by our Bank against all parties that provide false, incorrect, or misleading information, spread rumors, make comments, or disseminate such information.
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