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    <pre style="white-space:pre-line"><code>Individual Pension System 2007 Progress Report

BankacÄ±lÄ±k sektÃ¶rÃ¼, 2007 yÄ±lÄ±nda, 2006 yÄ±lÄ±na gÃ¶re hem mevduat                                         In the banking sector, increases were observed in 2007 both in deposits
hem de kredilerde artÄ±ÅŸ kaydetmiÅŸtir. Bankalar arasÄ± hariÃ§ toplam                                      and credits as compared with 2006. Total deposits, exclusive of inter-
mevduat 2007 yÄ±lÄ±nda, %15,3 oranÄ±nda bÃ¼yÃ¼yerek 319,4 milyar                                            bank, rose to YTL 319.4 billion, growing by 15.3 percent in 2007. Deposit
YTLâ€™ye yÃ¼kselmiÅŸtir. Mevduat bankalarÄ± yurtiÃ§i kredileri, 2007 yÄ±lÄ±nda,                                banks domestic loans rose to YTL 214.8 billion, by a rise of 25.9 percent
%25,9 oranÄ±nda bÃ¼yÃ¼yerek 214,8 milyar YTLâ€™ye yÃ¼kselmiÅŸtir. (DPT,                                       in 2007. (State Planning Organization, Developments in Financial Markets
Mali Piyasalarda GeliÅŸmeler Ocak 2008)                                                                 January 2008)

2007 yÄ±lÄ±nda sermaye piyasalarÄ± ve yatÄ±rÄ±m araÃ§larÄ±ndaki getiriler                                     Returns of capital markets and investment instruments in 2007 were as
aÅŸaÄŸÄ±daki tablodaki gibi gerÃ§ekleÅŸmiÅŸtir.                                                              indicated in the following chart.

2007 YÄ±lÄ±nda Sermaye PiyasalarÄ± ve YatÄ±rÄ±m AraÃ§larÄ± Getirileri
Returns of Capital Markets and Investment Instruments in 2007

IMKB 100                                                                                                                  41,98
ISE-100 Index
                                                                                                                   20,60
KYD YTL Bono Endeksleri 182 GÃ¼n                                                                                    19,92
KYD Gov't Bonds and Bills 182 Days                                                                              18,59
                                                                                                             15,66
KYD Fon Endeksleri A Tipi                                                                                12,08
KYD Type A Fund Index                                                                                  8,81
                                                                                                        3,15
KYD YTL Bono Endeksleri 91 GÃ¼n
KYD Gov't Bonds and Bills 91 Days              -7,86
                                    -17,53
KYD O/N Repo Endeksleri Net
KYD O/N Net Repo Index

KYD Fon Endeksleri B Tipi
KYD Type B Fund Index

KYD Eurobond Endeksleri USD
KYD Eurobond Indexes USD

KYD Eurobond Endeksleri EUR
KYD Eurobond Indexes EUR

AVRO
EURO

DOLAR
USD

Oran (%)                            -20,00 -10,00                                                  0   10,00 20,00 30,00 40,00 50,00
Ratio (%)

Kaynak: TÃ¼rkiye Kurumsal YatÄ±rÄ±mcÄ± YÃ¶neticileri DerneÄŸi (TKYD), IMKB, Hazine MÃ¼steÅŸarlÄ±ÄŸÄ±
Source: Turkish Institutional Investment Managersâ€™ Association, ISE, Undersecretariat of Treasury

                                                                                                   15</code></pre>
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