Industrial Development Bank of Turkey announced that Suat Ince has been appointed as CEO. Suat Ince, who will begin his duties on March 31, 2016, following the retirement of Ozcan Turkakn. A member of the Board of Directors and the Chairman of the Executive Committee of the bank, Ozcan Turkakn, will be leaving his positions of a member of the Board of Directors and the chairman of the Executive Committee of the bank on March 31, 2016 in order to retire.

It has been decided by the Board of Directors to elect Suat Ince to the vacated Membership of the Board of Directors, as of April 1, 2016, within the framework of article 363 of the Turkish Commercial Code, and that Suat Ince, who has been elected as a Member of the Board of Directors, to be appointed as the Chairman of the Executive Committee. Suat Ince, who began his career at Is Bankas in 1987, was appointed Assistant Manager of the Corporate Loans Assignment Department in 1995, and the Regional Manager for Loans of Region I in 1997. Suat Ince, who was employed at Is Bankas in the Commercial Loans Assignment Department, Corporate Loans Assignment Department, and the Altunizade Branch, and as the Branch Manager of the Kozyatag Corporate Branch respectively, since 2000, was appointed as the Executive Vice President of Is Bankas on 2 April 2008.