Convenience translation into english

f. Information on investments (Net):

1. 
   Accounting method used for the valuation of investments: Disclosed in Note II of Section 3.
   

2. 
   Movement schedule of investments:
   

	Current Period 31 March 2004	Prior Period 31 December 2003
Balance at the beginning of the period	206,786	222,598
Movements during the period
Purchases	-	-
Free shares obtained from current year’s profit	-	-
Dividends from current year profit	-	-
Sales/liquidations	-	-
Revaluation increase	-	-
Value increase/decrease	1,543	4,060
Foreign exchange/inflation difference	(9,737)	(19,872)
Balance at the end of the period	198,592	206,786
Capital commitments	-	-
Share percentage at the end of the period (%)	-	-

3. Valuation of investments:

	Current Period 31 March 2004	Prior Period 31 December 2003
Valuation with cost (*)	189,726	199,463
Valuation with fair value	8,866	7,323
Valuation with equity method (**)	-	-

(*) It is the acquisition cost after the impairment provision, if any, and is equal to the value given in the financial statements.

(**)Valuation with the equity method is not used.

4. Investments quoted on a stock exchange:

	Current Period 31 March 2004	Prior Period 31 December 2003
Quoted to domestic stock exchanges	8,866	7,323
Quoted to international stock exchanges	-	-

5. Information on investments sold in the current period: None.

6. Investments purchased in the current period: None
g. Information on subsidiaries (Net):
1. Accounting method used for the valuation of subsidiaries: Disclosed in Note II of Section 3.

2. Movement schedule of subsidiaries :

	Current Period 31 March 2004	Prior Period 31 December 2003
Balance at the beginning of the period	199,639	150,073
Movements during the period
Purchases(**)	-	51,073
Free shares obtained	-	5,387
Dividends from current year income	-	-
Sales/liquidations (*)	-	(6,654)
Revaluation increase	-	-
Impairment provision	-	-
Currency translation differences arising from foreign investments	(13,718)	(240)
Balance at the end of the period	185,921	199,639
Capital commitments	-	-
Share percentage at the end of the period (%)	-	-

(*) Amounts for Ak Ödeme Sistemleri A.Ş. and Aknet Bilgi İşlem San. ve Tic. A.Ş.which were liquidated in 2003.

(**) As of 31 December 2003, “purchases” fully shows the capital injections.

3. Valuation of subsidiaries:

	Current Period 31 Mart 2004	Prior Period 31 Aralık 2003
Valuation with cost (*)	185,921	199,639
Valuation with fair value	-	-
Valuation with equity method (**)	-	-

(*) It is the acquisition cost after the impairment provision, if any, and is equal to the value given in the financial statements.

(**)Valuation with the equity method is not used.

4. Subsidiaries quoted on a stock exchange: None.
5. Information on subsidiaries sold in the current period: None.
6. Subsidiaries purchased in the current period: None
h. Information on finance lease receivables (Net): None.
i. Information on accrued interest and income receivables:
1. Information on accrued interest and income receivables:

Accrued interest and income receivables	Current Period 31 March 2004		Prior Period 31 December 2003
	TL	FC*	TL	FC*
Interest receivables	14,145	179	12,494	127
Interest accruals	70,375	48,273	125,753	44,175
Loan commissions and other income receivables	-	-	-	-
Loan commissions and other income accruals	143	41	209	43

*Foreign Currency
2. Information on other accrued interest and income receivables:

Other accrued interest and income	Current Period 31 March 2004		Prior Period 31 December 2003
	TL	FC*	TL	FC*
Trading securities	22,886	159,545	821,701	216,200
Investment securities available-for-sale	1,016,317	50,690	896,464	53,749
Investment securities held-to-maturity	256,480	-	333,615	-
Interest accruals of reverse repo transactions	-	-	-	-
Interest accruals of reserve deposits	14,228	1,853	16,235	2,068
Income accruals of financial derivative instruments	25	64,151	552	203,129
Interest and income accruals	-	6,598	-	6,289
Income accrual of foreign exchange gains	25	57,553	552	196,840
Income accruals of financial lease income	-	-	-	-
Other	119	4,080	34	2,276

* Foreign Currency

10. 
    Information related with other assets:
    

1. Other assets amounts to TL50,123 (31 December 2003: TL34,430) on the balance sheet and does not exceed 10% of the total assets, excluding the off-balance sheet commitments.

II. INFORMATION AND DISCLOSURES RELATED TO LIABILITIES

a. Information about deposits:
1. Information on maturity structure of the deposits:
1(i). Current Period-31 March 2004:

	Demand	With 7 days notification	Up to 1 month	1-3 months	3-6 months	6 months-1 year	1 year and over
Saving deposits	444,180	-	1,565,576	1,489,537	479,480	737,562	108,293
Foreign currency deposits	1,638,108	-	1,288,151	4,258,326	1,849,026	659,251	664,972
Residents in Turkey	1,604,210	-	1,282,879	4,204,861	1,669,093	480,843	222,914
Residents abroad	33,898	-	5,272	53,465	179,933	178,408	442,058
Public sector deposits	54,332	-	31	-	9	-	-
Commercial deposits	717,607	-	139,908	232,047	69,846	21,909	111,956
Other institutions deposits	102,631	-	7,263	19,593	12,886	63,414	697
Gold vault	-	-	-	-	-	-	-
Bank deposits	30,247	-	694,127	217,285	10,583	15,105	-
Central Bank of Turkey	-	-	-	-	-	-	-
Domestic Banks	698	-	67,500	-	-	1,000	-
Foreign Banks	3,830	-	626,627	217,285	10,583	14,105	-
Special financial institutions	25,719	-	-	-	-	-	-
Other	-	-	-	-	-	-	-
Total	2,987,105	-	3,695,056	6,216,788	2,421,830	1,497,241	885,918

1(ii). Prior period-31 December 2003:

	Demand	With 7 days notification	Up to 1 month	1-3 months	3-6 months	6 months-1 year	1 year and over
Saving deposits	455,492	-	1,393,291	1,783,327	524,267	454,082	106,216
Foreign currency deposits	1,970,168	-	1,629,392	5,083,284	2,111,522	1,100,421	773,067
Residents in Turkey	1,938,421	-	1,507,691	4,983,568	1,848,842	603,165	239,947
Residents abroad	31,747	-	121,701	99,716	262,680	497,256	533,120
Public sector deposits	14,341	-	12	-	10	-	-
Commercial deposits	824,376	-	198,973	143,144	13,269	8,427	101,555
Other institutions deposits	113,775	-	8,127	37,299	2,880	69,026	735
Gold vault	-	-	-	-	-	-	-
Bank deposits	102,502	-	430,544	525,589	287,573	77,404	1,501
Central Bank of Turkey	-	-	-	-	-	-	-
Domestic Banks	706	-	209,373	-	2,130	2,130	-
Foreign Banks	40,648	-	221,171	525,589	285,443	75,274	1,501
Special financial institutions	61,148	-	-	-	-	-	-
Other	-	-	-	-	-	-	-
Total	3,480,654	-	3,660,339	7,572,643	2,939,521	1,709,360	983,074

2. Information on the guarantee of Saving Deposits Insurance Fund:

2(i). Information on saving deposits under the guarantee of saving deposit insurance fund and exceeding the limit of deposit insurance fund:

Saving Deposits	Under the guarantee of deposit insurance		Exceeding the limit of insurance deposit
	Current Period 31 March 2004	Prior Period 31 December 2003	Current Period 31 March 2004	Prior Period 31 December 2003
Saving deposits	4,824,628	4,716,675	-	-
Foreign currency saving deposits	8,311,865	9,796,125	-	-
Other deposits in the form of saving deposits	-	-	-	-
Foreign branches’ deposits under foreign authorities' insurance	468,977	1,027,075	-	-
Off-shore banking regions’ deposits under foreign authorities' insurance	-	-	-	-

According to the decree prepared by Banking Regulation and Supervision Agency (“BRSA”) and published on 3 July 2003 in the Official Gazette No. 25157, all saving deposits in banks are covered under Saving Deposits Insurance Fund until 5 July 2004. After 5 July 2004, saving deposits up to TL50 billion will be covered by the insurance fund.

2(ii). Saving deposits which are not under the guarantee of deposit insurance fund:

	Current Period 31 March 2004	Prior Period 31 December 2003
Foreign branches’ saving deposits	-	-
Off-shore banking regions’ saving deposits	-	-

Saving deposits in the foreign branches are not under the guarantee of Saving Deposits Insurance Fund; they are guaranteed according to their local legal requirements. As seen in the above table, the Bank does not have any foreign branch-saving deposits which are not under guarantee.