Dividend Policy

RNS Number:9740P
Turk Ekonomi Bankasi A.S.
19 September 2003


Name of the Company        :   Turk Ekonomi Bankasi A.S. (TEB)
Address                    :   Meclisi Mebusan Caddesi, 35 80040 Findikli/Istanbul
Telephone                  :   [phone]
Fax                        :   [phone]





                                                    Istanbul, September 19, 2003





The Board of Directors of Turk Ekonomi Bankasi A.S. have reached the following
resolution regarding the Bank's dividend distribution policy at Board Meeting of
September 19, 2003.



Effective on its 2003 financials, Turk Ekonomi Bankasi will pay minimum 30% of
the net distributable profit to its shareholders who are described in its
Articles of Association, as cash dividend. This policy will be dependent on
relevant market conditions and sustenance of a comfortable level of capital
adequacy ratio.



We declare that the foregoing explanations are 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 and that we are
responsible for this explanation.


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