Akbank Turk (IOB) - Change in Akbank's Board

RNS Number:1647R
Akbank Turk Anonim Sirketi (IOB)
31 March 2008

Change in Akbank's Board

Erol Sabanci to move to Honorary Chairman status as Ms. Suzan Sabanci Dincer
becomes Chairman

Following the General Assembly meeting on 28th March 2008, the Board of
Directors of Akbank has unanimously voted Mr. Erol Sabancy as Honorary Chairman
and Ms. Suzan Sabanci Dincer as Chairman of the bank.

Mr. Erol Sabanci will continue to devote his time and energy by continuing to
sit on the Board of Akbank and will put to use his long time experience by
advising to the board.

Mr. Sabanci in his message has pointed out to the overwhelming development of
Akbank from a local bank to a leading driver of the Turkish Economy; by becoming
the most valuable, most stable and innovative bank of Turkey. Mr. Sabanci said;
"Akbank is continuing to reach new heights with enthusiasm and without
hesitation, with a feeling of responsibility, as a result of the strength of its
accumulated past experience and the pace that it has gained from its own
achievements. I believe with Ms. Sabanci Dincer's visionary and dynamic
leadership, the bank will enhance its leading position in the region and in
Turkey".

Ms. Sabanci Dincer in her message pointed out to the stability and strength of
Akbank. She said that "the Bank's aim is to become the leading bank in the
region by providing the best banking experience in Turkey to its customers and
offering outstanding sustainable value for its stakeholders. Akbank is ready to
reach new targets with its highly professional and institutionalized management
structure, its energetic work force, its well established brand that points to
trust and innovation, and its devoted shareholder base".

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