Lira

Eldorado Gold Provides Update on Tax Impacts in Turkiye Related to the Weakening Lira

Retrieved on: 
Friday, October 13, 2023
Mining, Turkish lira, Eldorado Gold, Lira, Depreciation, Life insurance, Efemçukuru

VANCOUVER, British Columbia, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.
  • The Company’s profits from mining operations in Turkiye are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items.
  • In the third quarter, the Company expects the Turkish current income tax expense on mining profits, at an enacted rate of 25%, to be decreased by up to $3 million.
  • As a result, an incremental current tax charge of approximately $6.2 million will be recognized in the three and nine months ended September 30, 2023.

Turkiye Garanti Bankasi A.S.: Declaration of issuance approval - CMB Bulletin

Retrieved on: 
Monday, September 25, 2023
Capital market, Article, Record, TRY, Capital Markets Board of Turkey, Official, Official Gazette, Lira, Book, Security (finance)

Accordingly, the Issuance Certificate and Application Form, which has been approved by the Capital Markets Board, regarding the issuance of Tier 2 notes up to the aggregate amount of TRY 7,000,000,000 within 1-year period, is enclosed herewith.

Key Points: 
  • Accordingly, the Issuance Certificate and Application Form, which has been approved by the Capital Markets Board, regarding the issuance of Tier 2 notes up to the aggregate amount of TRY 7,000,000,000 within 1-year period, is enclosed herewith.
  • *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
  • Contact Garanti BBVA Investor Relations:

Eldorado Gold Provides Update on Tax Impacts in Turkiye Related to the Weakening Lira; and Provides Conference Call Details

Retrieved on: 
Friday, July 7, 2023
Efemçukuru, Turkish lira, El Dorado, Lira, Mining, Eldorado Gold

VANCOUVER, British Columbia, July 07, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.

Key Points: 
  • VANCOUVER, British Columbia, July 07, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.
  • The Company’s profits from mining operations in Turkiye are taxed at an enacted rate of 20% and the resulting current income tax expense may be increased or reduced by other items.
  • In the second quarter, the Company expects the Turkish current income tax expense on mining profits to be higher by $5.5 to $6.5 million.
  • This increase is expected to be primarily related to the weakening of the Lira in the quarter and the resulting generation of taxable unrealized foreign exchange gains, partly offset by reductions related to the investment tax credit relating to Kisladag and Efemcukuru.

Turkish State-owned banks now works with CoinTR

Retrieved on: 
Thursday, June 29, 2023
Financial Crimes Investigation Board (Turkey), Partnership, Bettina Cointre, Turkish lira, Lira, Cryptocurrency, Ziraat Bank

To further enhance the platform's reliability and user experience, CoinTR Exchange has partnered with state-owned banks in Turkey, Ziraat Bank, and Vakıf Bank.

Key Points: 
  • To further enhance the platform's reliability and user experience, CoinTR Exchange has partnered with state-owned banks in Turkey, Ziraat Bank, and Vakıf Bank.
  • CoinTR is a cutting-edge cryptocurrency exchange that allows users to buy and sell a variety of cryptocurrencies using the Turkish Lira.
  • Customers of Ziraat Bank and Vakıf Bank can now make Turkish Lira deposits and withdrawals on CoinTR around the clock.
  • Therefore, CoinTR users can see that they are secure on the CoinTR Exchange, and their transactions are conducted reliably.

XT.COM Launches Turkey Airdrop Campaign & Sends Supplies to Aid Earthquake Victims

Retrieved on: 
Friday, February 24, 2023
Cryptocurrency exchange, KYC, Sound, Water, USDT, Food, UTC, Flour, XT, Lira, Cryptocurrency

SINGAPORE, Feb. 24, 2023 /PRNewswire/ -- XT.COM, the cryptocurrency exchange , is proud to announce the launch of its Turkey Airdrop Campaign, involving 1,100,000 Turkish Lira and various emergency supplies in response to the recent earthquake in Turkey.

Key Points: 
  • SINGAPORE, Feb. 24, 2023 /PRNewswire/ -- XT.COM, the cryptocurrency exchange , is proud to announce the launch of its Turkey Airdrop Campaign, involving 1,100,000 Turkish Lira and various emergency supplies in response to the recent earthquake in Turkey.
  • The purpose of the campaign is to provide support to those affected by the recent earthquake in Turkey.
  • The earthquake has caused widespread damage and loss of life, and XT.COM is committed to providing support to those affected.
  • Users in the disaster-stricken areas in Turkey who meet the airdrop requirements can each receive assistance worth 30 USDT in the form of XT tokens.

KT&G makes donations for earthquake victims in Turkey

Retrieved on: 
Monday, February 20, 2023
Lira, KT, Hospital, COVID-19, Korean Red Cross, Pharmaceutical industry, Mastic (plant resin)

SEOUL, South Korea, Feb. 20, 2023 /PRNewswire/ -- KT&G, a global company headquartered in South Korea has donated a total of 4.5 million Turkish Lira to support earthquake victims and post-earthquake relief efforts in Turkey.

Key Points: 
  • SEOUL, South Korea, Feb. 20, 2023 /PRNewswire/ -- KT&G, a global company headquartered in South Korea has donated a total of 4.5 million Turkish Lira to support earthquake victims and post-earthquake relief efforts in Turkey.
  • The donation was collected in the form of a matching grant named KT&G Sangsang Fund, whereby the company matched the donations made by employees.
  • KT&G also provided the relief fund worth 0.7 million Turkish Lira when the earthquake hit Izmir in the same year.
  • In 2007, KT&G invested approximately 700 million Turkish Lira building its first overseas manufacturing plant in Izmir, Turkey.

Turkiye Garanti Bankasi A.S.: Debt Instrument Issuance Application

Retrieved on: 
Sunday, December 18, 2022
Bank, Lira, Record, TL, Book, District of Columbia Courts, Public Defender Service, and Court Services and Offender Supervision Agency Act of 2014, Capital Markets Board of Turkey, Bank regulation, Security (finance)

Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Nov. 03, 2022, our application to issue debt instruments including fixed or floating rate bonds, debentures to be sold domestically by public offering, but not limited to fixed or floating rate bonds, debentures and/or credit linked notes and other structured debt instruments to be sold to qualified investors or by private placement; up to the aggregate amount of TL 50,000,000,000.- (Fifty Billion Turkish Lira) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Banking Regulation and Supervision Agency and Capital Markets Board.

Key Points: 
  • Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Nov. 03, 2022, our application to issue debt instruments including fixed or floating rate bonds, debentures to be sold domestically by public offering, but not limited to fixed or floating rate bonds, debentures and/or credit linked notes and other structured debt instruments to be sold to qualified investors or by private placement; up to the aggregate amount of TL 50,000,000,000.- (Fifty Billion Turkish Lira) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Banking Regulation and Supervision Agency and Capital Markets Board.
  • *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Turkiye Garanti Bankasi A.S.: Debt Instrument Issuance Application

Retrieved on: 
Sunday, December 18, 2022
Bank, Lira, Record, TL, Capital Markets Board of Turkey, Book, Tier 2 capital, Security (finance)

Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Nov. 03, 2022, our application to issue debt instruments that meet the criteria for the inclusion in Tier 2 Capital, to be sold to qualified investors up to the aggregate amount of TL 7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Capital Markets Board.

Key Points: 
  • Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Nov. 03, 2022, our application to issue debt instruments that meet the criteria for the inclusion in Tier 2 Capital, to be sold to qualified investors up to the aggregate amount of TL 7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Capital Markets Board.
  • *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing Debt Instruments and Authorization of Head Office for Necessary Operations

Retrieved on: 
Friday, November 11, 2022
Capital Markets Board of Turkey, Lira, Head Office, Record, TL, Wellington Harbour Board Head Office and Bond Store, District of Columbia Courts, Public Defender Service, and Court Services and Offender Supervision Agency Act of 2014, Book, Board, Treasury, Bank, Income, Security (finance)

The Board of Directors of the Bank has adopted a resolution to issue debt instruments including fixed or floating rate bonds, debentures to be sold domestically by public offering, but not limited to fixed or floating rate bonds, debentures and/or credit linked notes and other structured debt instruments to be sold to qualified investors or by private placement; up to the aggregate amount of TL 50,000,000,000.- (Fifty Billion Turkish Lira) in Turkish Lira currency with different types and maturity dates, in one or more issuances and authorized the Head Office to determine the maturity date of such bank bonds and/or debentures not more than 5 years, to issue such bank bonds and/or debentures at discount and/or in coupon forms and the coupon bonds as fixed or floating rate bonds in accordance with market conditions, to take as reference one or some of treasury bills and/or treasury bonds of which maturity dates are in line with those of bonds and/or debentures to be issued, or different indicative interest rates and / or indices accepted in the market, to add additional income if deemed necessary and to determine the rate of such additional income, to determine the fixed interest rate of bank bonds and/or debentures in advance when necessary, to determine any and all terms and conditions of such issuance including but not limited to the applicable interest rate, and accordingly to make and fulfill necessary applications, to determine all the terms and conditions including the interest rate to be paid as well as intermediaries related with the issuance, to sign an Intermediary Agreement with the determined intermediary, and conduct any and all acts before Banking Regulation and Supervision Agency, Capital Markets Board and other relevant authorities.

Key Points: 
  • The Board of Directors of the Bank has adopted a resolution to issue debt instruments including fixed or floating rate bonds, debentures to be sold domestically by public offering, but not limited to fixed or floating rate bonds, debentures and/or credit linked notes and other structured debt instruments to be sold to qualified investors or by private placement; up to the aggregate amount of TL 50,000,000,000.- (Fifty Billion Turkish Lira) in Turkish Lira currency with different types and maturity dates, in one or more issuances and authorized the Head Office to determine the maturity date of such bank bonds and/or debentures not more than 5 years, to issue such bank bonds and/or debentures at discount and/or in coupon forms and the coupon bonds as fixed or floating rate bonds in accordance with market conditions, to take as reference one or some of treasury bills and/or treasury bonds of which maturity dates are in line with those of bonds and/or debentures to be issued, or different indicative interest rates and / or indices accepted in the market, to add additional income if deemed necessary and to determine the rate of such additional income, to determine the fixed interest rate of bank bonds and/or debentures in advance when necessary, to determine any and all terms and conditions of such issuance including but not limited to the applicable interest rate, and accordingly to make and fulfill necessary applications, to determine all the terms and conditions including the interest rate to be paid as well as intermediaries related with the issuance, to sign an Intermediary Agreement with the determined intermediary, and conduct any and all acts before Banking Regulation and Supervision Agency, Capital Markets Board and other relevant authorities.
  • In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Boards Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
  • Contact Garanti BBVA Investor Relations:

Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing Subordinated Debt Securities and Authorization of Head Office for Necessary Operations

Retrieved on: 
Friday, November 11, 2022
Official Gazette, TL, Official Gazette (Philippines), Capital Markets Board of Turkey, Head Office, District of Columbia Courts, Public Defender Service, and Court Services and Offender Supervision Agency Act of 2014, Board, Tier 2 capital, Index, Lira, BIST, Record, Sydney Water Head Office, Treasury, Article, Book, Bank, Income, Security (finance)

The Board of Directors of the Bank has adopted a resolution to issue debt instruments in accordance with Article 8 of the Regulation on the Equities of Banks, published in the Official Gazette numbered 28756 and dated 5 September 2013 that meet the criteria for the inclusion in Tier 2 Capital, to be sold to qualified investors up to the aggregate amount of TL 7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in one or more issuances and authorized the Head Office to determine the maturity date of such debt instruments, to issue such debt instruments in coupon forms and the coupon bonds as fixed or floating rate bonds in accordance with market conditions, to take as reference one or some of treasury bonds of which maturity dates are in line with those of debt instruments (subordinated debt securities) to be issued, or TLREF rate or index (calculated and published by BIST), to add additional income if deemed necessary and to determine the rate of such additional income, to determine the fixed interest rate of the debt instruments in advance when necessary, to determine any and all terms and conditions of such issuance including the interest rate to be paid, the applicable interest rate, the submissions for necessary approvals of the issuance but not limited to such matters as well as determining the intermediaries related with the issuance and accordingly to make and fulfil necessary applications, to sign an Intermediary Agreement with the determined intermediary, and conduct any and all acts before Banking Regulation and Supervision Agency, Capital Markets Board and other relevant authorities and other relevant authorities.

Key Points: 
  • The Board of Directors of the Bank has adopted a resolution to issue debt instruments in accordance with Article 8 of the Regulation on the Equities of Banks, published in the Official Gazette numbered 28756 and dated 5 September 2013 that meet the criteria for the inclusion in Tier 2 Capital, to be sold to qualified investors up to the aggregate amount of TL 7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in one or more issuances and authorized the Head Office to determine the maturity date of such debt instruments, to issue such debt instruments in coupon forms and the coupon bonds as fixed or floating rate bonds in accordance with market conditions, to take as reference one or some of treasury bonds of which maturity dates are in line with those of debt instruments (subordinated debt securities) to be issued, or TLREF rate or index (calculated and published by BIST), to add additional income if deemed necessary and to determine the rate of such additional income, to determine the fixed interest rate of the debt instruments in advance when necessary, to determine any and all terms and conditions of such issuance including the interest rate to be paid, the applicable interest rate, the submissions for necessary approvals of the issuance but not limited to such matters as well as determining the intermediaries related with the issuance and accordingly to make and fulfil necessary applications, to sign an Intermediary Agreement with the determined intermediary, and conduct any and all acts before Banking Regulation and Supervision Agency, Capital Markets Board and other relevant authorities and other relevant authorities.
  • In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Boards Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
  • Contact Garanti BBVA Investor Relations: