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The press release made by our Main Shareholder Emirates NBD regarding the change of duties in the Senior Management of our Bank on 6 December 2024 is as follows.

Emirates NBD announces Hakan Ateş to step down and appointment of new Chief Executive Officer for DenizBank A.S.

Emirates NBD today announced that Hakan Ateş, after 27 years of exceptional leadership, will step down from his role as Chief Executive Officer of DenizBank. Hakan will remain associated with Emirates NBD and will continue serving as a DenizBank Board Member.

Hakan has been instrumental in shaping DenizBank's success since his appointment as Founder President in 1997. Under his leadership, the Bank has grown into one of Turkey's leading financial institutions, becoming a pioneer in digital banking and innovation.

In light of this transition, Recep Bastuğ will succeed Hakan Ateş as DenizBank's Chief Executive Officer, effective 1 January 2025. Recep is a seasoned corporate banker who brings a wealth of leadership and industry experience to the role through his 35-year banking tenure. Most recently he served as the Chief Executive Officer of Garanti BBVA; Turkey's second-largest private bank where he led the bank in a period of significant macroeconomic and competitive challenges.