RNS Number:0208Q
Turk Ekonomi Bankasi A.S.
22 September 2003

Name of the Company      :   Turk Ekonomi Bankasi A.S. (TEB)
Address                  :   Meclisi Mebusan Caddesi, 35 80040 Findikli/Istanbul
Telephone                :   +90-212-251 21 21
Fax                      :   +90-212-249 65 68


                                                    Istanbul, September 22, 2003

The Board of Directors of Turk Ekonomi Bankasi A.S. has reached the following
resolution at its meeting held on September 22, 2003.

Mr Varol Civil, Executive Board Member and Deputy General Manager, is appointed
to the post of General Manager, and Dr. Akin Akbaygil, General Manager, is
appointed to the posts of Deputy Chairman and Executive Board Member, effective
as of October 1, 2003. The appointments are presented to the approval of Banking
Regulation and Supervision Authority.



We hereby declare that the foregoing explanation is in accordance with the
principles set forth in the Regulation Series VIII, No. 39 of the CMB; that it
reflects all information we have received in connection with this matter, that
the information is in accordance with our books and records, that we have spent
all required efforts to obtain accurate and complete information regarding this
matter and that we are responsible for this explanation.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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