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26.01.2001

From the Banking Regulation and Supervision Aqency:

ANNOUNCEMENT TO THE INVESTORS INTERESTED IN DEMIRBANK T.A.Þ.

Demirbank T.A.Þ., all the shares of which belong to the Savings Deposit Insurance Fund will be sold by receiving bids.

The investors interested in the bank should;

  1. meet the qualifications set forth in the Banks Act and "the Decree on the Eligibility Requirements for Applicants Interested in Establishing a Bank or Acquiring Shares of Existing Banks or the Banks Owned by Savings Deposit Insurance Fund" which was published in the Official Gazette dated 05.11.2000 and No 24221,
  2. have means to provide required capital and if required to obtain credits in order for the bank to operate in a sound manner and fulfil all of its obligations.
  3. For the investors carrying these qualifications, the opportunity to make due diligence on the bank will be provided in order to enable them to develop their bids,
  1. The bids will be evaluated according to the following criteria;
bulletthe amount of additional capital which will be allocated to the bank and the time period envisaged to do so,
bulletthe portion of the bank's existing government securities portfolio which will be assumed,
bulletoffers for the subsidiaries of the bank,
bulletbidding price for the sale of the bank,

and the most agreeable bid will be determined by the Board of the Savings Deposit Insurance Fund.

  1. Applicants will apply to the Banking Regulation and Supervision Agency within 15 days of announcement with the documents specified in "the Regulation on Principles and Procedures for Applications to Establish or to Acquire or Transfer Shares of Banks" which was published in the Official Gazette dated 19.11.2000 and No 24235, and accomplish their due diligence for the bank and submit their bid to the Board of the Savings Deposit Insurance Fund within the following three weeks thereafter.
  2. Additional information can be obtained from the Vice Presidency of the Savings Deposit Insurance Fund.

Herein presented to the attention of interested parties.