Turkish central bank makes early payout to government
Extraordinary general meeting sees CBRT agree to similar actions in future
The Central Bank of the Republic of Turkey (CBRT) has paid out its profits to the government early, following an extraordinary general meeting held today (January 18).
The central bank agreed to disburse 33.7 billion lira ($6.3 billion) in profits to the government, around three months earlier than the usual date.
The central bank’s articles of association previously stipulated that payouts should be made at the annual general meeting in April. But they were amended today to allow a general
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