Resignation

RNS Number:0061Q
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                :   [phone]

Fax                      :   [phone]


                                                    Istanbul, September 22, 2003

Mehmet Gani Sonmez, who started to work as Assistant General Manager responsible
from Retail Banking Group at our Bank at January 2, 2002, has resigned from his
post with his own will, as of September 19, 2003.

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.

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

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