Annual
Report
2021
Report
2021
The Regulatory Compliance and Legal Unit
The unit aims to,
With the development of technology, one of the unit’s objectives is to carry out studies to create the necessary legal infrastructure to implement strategies of the institutions in the banking and finance sectors in particular, and to increase efficiency and reduce costs by transferring the products and services currently offered to the digital environment.
Other responsibilities of the unit include;
the preparation of contracts to be concluded between members, customers, suppliers and KKB,
Operation Center
In order to ensure the continuity and operability of business processes, the Operations Center meets the demands of members, customers and units within the organization by proxy, both on behalf of KKB and the Risk Center of the Banks Association of Türkiye. The unit operates with two teams; the Authorization Management and Official Correspondence. In 2021, the Authorization Management and Official Correspondence teams successfully continued to meet their main responsibilities of member authorizations and responding to requests from official institutions.
Thanks to the launch of the Electronic Document Management System, in which requests from official institutions and forms sent by the members within the scope of circulars are tracked, improvements were implemented to increase efficiency and traceability. All data in the old system was entirely transferred to the new system during the year. In addition, integrations with other applications were largely completed with the project reaching its final stage.
Operational support was provided for the renewal of all relevant menus within the scope of the third phase of the project of writing the application, in which the systemic definitions are carried out, with new technology.
Audits Conducted, Sanctions and Penalties Imposed During the Period
As of 31 December 2021, pending lawsuits filed against the Company with pecuniary compensation claims were as follows:
Seven labor receivables and/or severance and/or notice pay law-suits.
In 2021, administrative fines totaling TRY 31,770 were imposed on the Company.
The Competition Status of the Executives of KKB
The members of the Board of Directors of KKB did not engage in any business or transactions which would violate the agreement not to enter competition, either for themselves or on behalf of others.
Dividend Distribution Proposal
DECISIONS
The members present at the meeting unanimously resolved to approve the financial statements of the company for the year ending 30 November 2021 and,
The proposal that the net profit remaining after the setting aside of statutory obligations from the gross profit of the Company (TRY 4,313,905.33 from the 2014 profit, TRY 32,518,399.52 from the 2015 profit, TRY 31,040,669.96 from the 2016 profit, TRY 37,872,536.83 from the 2017 profit, TRY 30,785,546.40 from the 2018 profit, TRY 9,982,631.33 from the 2019 profit and TRY 58,354,391.83 from the 2020 profit), with a net amount of TRY 184,418,398.08 remaining after the deduction of legal liabilities from a total of TRY 204,868,081.20, be distributed to shareholders in a single payment in cash between 31 January 2022 and 30 July 2022, on the decision of the Board of Directors, was submitted during the Extraordinary General Meeting.