Turkiye Garanti Bankasi AS announced Executive Vice President Mr. Ali Temel, who is currently in charge of Loans, will resign from his afore-mentioned duty on July 31, 2012 at his own will. Mr. Erhan Adali, who is currently the CEO of Garanti Pension & Life, will be appointed as the new Executive Vice President in charge of Loans. Mr. Adali's appointment will take place following the completion of necessary legal procedures and approvals.