İşbank 2009 Annual Report

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Management and Corporate Governance at İşbank

Financial Information and Assessment on Risk Management

Consolidated Financial Statements

Board of Directors & Auditors

Executive Committee

Organization Chart

Managers of Internal Systems

Information About the Meetings of the Board of Directors

İşbank Committees

Human Resources Functions at İşbank

Information on the Transactions Carried out with İşbank’s Risk Group

Activities for which Support Services are Received in Accordance with the Regulation on Procurement of Support Services for Banks and Authorization of Organizations Providing this Service

İşbank’s Dividend Distribution Policy

Agenda of the Annual General Meeting

Report of the Board of Directors

Auditors’ Report

Dividend Distribution Proposal

Corporate Governance Principles Compliance Report

Audit Committee’s Assessments on the Operation of Internal Control, Internal Audit and Risk Management Systems, and Their Activities in the Reported Period

Independent Auditors’ Report

Unconsolidated Financial Statements

Financial Highlights and Key Ratios for the Five Years Period Including the Reported Period

Explanations on İşbank’s Financial Condition, Profitability and Solvency

Information on Risk Management Policies Applied per Risk Types

İşbank’s Credit Ratings

The Unconsolidated Year End Financial Report as of December 31, 2009

Information to Shareholders

Executive Committee

	H. ERSİN ÖZİNCE Member of the Board and Chief Executive Officer H. Ersin Özince was born in 1953. His banking career began in 1976 at İşbank by joining the Board of Inspectors after graduating from Middle East Technical University in Ankara with a BS degree in Management in 1975. After working at various managerial positions at İşbank, Ersin Özince was promoted to the post of Deputy Chief Executive in 1994 and until he became the CEO of İşbank in 1998, his responsibilities encompassed the Treasury, Financial Management, Capital Markets, Commercial Loans and the Credit Information and Financial Analysis Departments of the Bank. Ersin Özince was elected as Chairman of the Banks’ Association of Turkey on May 31, 2002. He is the Chairman and the member of the Board of Directors of Industrial Development Bank of Turkey (TSKB), a member of the Board of Directors of Vehbi Koç Foundation and The Turkish Foundation for Combating Soil Erosion, for Reforestation and the Protection of Natural Habitats (TEMA) along with his memberships at Institut Internationale d’Etudes Bancaires (IIEB), The Institute of International Finance (IIF), Turkish Industrialists’ & Businessmen’s Association and The Board of Trustees of Bilkent University and Education Volunteers Foundation of Turkey. Also he is an Advisory Board Member of World Wildlife Fund-Turkey (WWF).
	A. AYKUT DEMİRAY Deputy Chief Executive 1954, Balıkesir. A. Aykut Demiray is a graduate of Middle East Technical University (Faculty of Administrative Sciences, Department of Business Administration). He began his career at İşbank in 1979 on the Board of Inspectors and undertook various duties in a number of the Bank’s units and branches. He was appointed Deputy Chief Executive on 28 October 1998.
	ÖZCAN TÜRKAKIN Deputy Chief Executive 1958, Afyon. Özcan Türkakın is a graduate of Boğaziçi University (Faculty of Administrative Sciences, Department of Economics) and received a master’s degree from the same department. He joined İşbank in 1984 as an Assistant Economics Specialist in the Department of Economic Research and Planning and has served in a number of the Bank’s units and İş Investment. He was appointed Deputy Chief Executive on 27 February 2002.
	ZAFER MEMİŞOĞLU Deputy Chief Executive 1952, Ceyhan. Zafer Memişoğlu is a graduate of the Adana Academy of Economic and Commercial Sciences. He joined İşbank in 1981 as an Assistant Inspector. After serving in a number of the Bank’s units and branches, he was appointed Deputy Chief Executive on 30 March 2004.
	HÜLYA ALTAY Deputy Chief Executive 1958, Çanakkale. Hülya Altay is a graduate of Ankara University (Faculty of Political Sciences). She joined İşbank in 1982 as an Assistant Economics Specialist. After serving in a number of the Bank’s units and branches, she was appointed Deputy Chief Executive on 30 March 2004.
	MAHMUT MAGEMİZOĞLU Deputy Chief Executive 1959, Antakya. Mahmut Magemizoğlu is a graduate of Middle East Technical University (Faculty of Administrative Sciences, Department of Business Administration). He holds a master’s degree in investment analysis from the University of Stirling (UK). Mr. Magemizoğlu began his career at İşbank in 1982 on the Board of Inspectors and served in a number of the Bank’s units. He was appointed Deputy Chief Executive on 18 May 2005.
	HAKAN BARUT Deputy Chief Executive 1957, İzmir. Hakan Barut is a graduate of Middle East Technical University (Faculty of Administrative Sciences, Department of Economics). He joined İşbank in 1981 and has served in a number of the Bank’s units and branches. He was appointed Deputy Chief Executive on 30 May 2006.
	ADNAN BALİ Deputy Chief Executive 1962, İslahiye. Adnan Bali is a graduate of Middle East Technical University (Faculty of Administrative Sciences, Department of Economics). He joined İşbank as an Assistant Inspector on the Board of Inspectors in 1986 and has served in a number of Bank’s units and branches. He was appointed Deputy Chief Executive on 30 May 2006.
	SUAT İNCE Deputy Chief Executive 1964, Ankara. Suat İnce is a graduate of Middle East Technical University (Faculty of Economic and Administrative Sciences, Department of Economics). He began his career at İşbank as an Assistant Inspector on the Board of Inspectors in 1987 and served in a number of the Bank’s units and branches. He was appointed Deputy Chief Executive on 2 April 2008.
	SERDAR GENÇER Deputy Chief Executive 1967, Siverek. Serdar Gençer is a graduate of Middle East Technical University (Faculty of Engineering, Department of Industrial Engineering). He holds a master’s degree in business administration from the University of Nottingham (UK). He began his career at İşbank as an Assistant Inspector on the Board of Inspectors in 1990 and served in a number of the Bank’s units. He was appointed Deputy Chief Executive on 17 July 2008.
	HAKAN ARAN Deputy Chief Executive 1968, Antakya. Hakan Aran is a graduate of Middle East Technical University (Faculty of Engineering, Department of Computer Engineering). He holds a master’s degree in business administration from the Başkent University, Institute of Social Sciences. He began his career at İşbank as a Software Specialist in the IT Department in 1990 and served in different positions in IT & software development department. He was appointed Deputy Chief Executive on 17 July 2008.