Capital Markets Board of Turkey
Transkript
Capital Markets Board of Turkey
Capital Markets Board CONTENTS Message from the Chairman and CEO . . . . . . . . . . . . . . . . . . . . . . . . .v Board Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .vii 1. CAPITAL MARKETS BOARD . . . . . . . . . . . . . . . . . . . . . . . . . .1 1.1 Organizational Structure and Functions of the Board . . . . . . . . .1 1.1.1 Management and Organization . . . . . . . . . . . . . . . . . . . . . .1 1.1.2 Personnel Selection Strategy . . . . . . . . . . . . . . . . . . . . . . .4 1.2 Institutions under CMB Supervision . . . . . . . . . . . . . . . . . . . . . .5 1.3 Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 2. THE TURKISH ECONOMY IN 2000 . . . . . . . . . . . . . . . . . . . . .7 2.1 General Economic Developments . . . . . . . . . . . . . . . . . . . . . . . .7 2.1.1 National Income and Growth Rates . . . . . . . . . . . . . . . . . .7 2.1.2 Foreign Trade and the Balance of Payments . . . . . . . . . . . .8 2.1.3 Price Movements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 2.1.4 Consolidated Budget and Public Finance . . . . . . . . . . . . .10 2.1.5 Foreign Borrowing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 2.1.6 Industrial Production and Capacity Utilization . . . . . . . . .10 2.2 Financial Market Developments . . . . . . . . . . . . . . . . . . . . . . . .11 2.2.1 General Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 2.2.2 Banking Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 2.2.3 Gold Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14 3. TURKISH CAPITAL MARKETS IN 2000 . . . . . . . . . . . . . . . .15 3.1 Primary Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 3.1.1 Private Sector Security Issues . . . . . . . . . . . . . . . . . . . . . .15 3.1.2 Public Sector Security Issues . . . . . . . . . . . . . . . . . . . . . .16 3.1.3 Initial Public Offerings . . . . . . . . . . . . . . . . . . . . . . . . . . .17 3.2 Secondary Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 3.2.1 Secondary Market Trading in Debt Instruments . . . . . . . .18 3.2.2 Equities Trading in the Secondary Market . . . . . . . . . . . .19 Capital Markets Board of Turkey Annual Report 2000 i 3.2.3 Corporations Listed on the Istanbul Stock Exchange . . . .21 3.3 Financial Intermediaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22 3.4 Collective Investment Institutions . . . . . . . . . . . . . . . . . . . . . . .22 3.4.1 Mutual Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22 3.4.2 Investment Companies . . . . . . . . . . . . . . . . . . . . . . . . . . .23 LIST OF TABLES Table Table Table Table Table Table Table : : : : : : : 1.1 – 1.2 – 1.3a – 1.3b – 2.1 – 2.2a – 2.2b – Table : 2.3 – Table Table Table : 2.4 – : 2.5 – : 2.6 – National Income and Growth Rates . . . . . . . . . . . . .8 Financial Assets (%) . . . . . . . . . . . . . . . . . . . . . . 12 Istanbul Gold Exchange (IGE) . . . . . . . . . . . . . . . 14 Trading Volume of Futures and Options on Gold .14 Initial Public Offerings . . . . . . . . . . . . . . . . . . . . .17 ISE Bonds and Bills Market . . . . . . . . . . . . . . . . .19 ISE Bonds and Bills Market Off-Exchange Transactions (Registered) . . . . . . . . . . . . . . . . . . . 19 Frequency Distribution of ISE Secondary Market Trading of Equities . . . . . . . . . . . . . . . . . .20 ISE Equities Market . . . . . . . . . . . . . . . . . . . . . . .21 Total Number of Financial Intermediaries . . . . . . .22 Investment Companies . . . . . . . . . . . . . . . . . . . . .23 LIST OF DIAGRAMS Diagram : 1.1 – Price Movements . . . . . . . . . . . . . . . . . . . . . . . . . .9 Diagram : 1.2 – Capacity Utilization Ratio and Production Index . .11 Diagram : 1.3 – Sectoral Breakdown of Deposit Money Bank Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 Diagram : 2.1 – Corporate Sector Security Issues Registered with CMB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 Diagram : 2.2 – Government Securities Issues . . . . . . . . . . . . . . . .17 Diagram : 2.3 – Secondary Market Trading in Debt Instruments . .18 Diagram : 2.4 – ISE Shares Market Turnover . . . . . . . . . . . . . . . . .20 Diagram : 2.5 – Market Capitalization . . . . . . . . . . . . . . . . . . . . . .21 ii Capital Markets Board of Turkey Annual Report 2000 ANNEX Annex Annex Annex Annex : : : : 1– 2– 3– 4– Regulations of the Board in 2000 . . . . . . . . . . . . . . . .25 Securities Issues Registered with the Board in 2000 . .29 Intermediaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49 Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57 LIST OF ANNEXED TABLES (ANNEX 4) Table Table Table Table Table Table Table Table Table Table Table Table Table Table Table : : : : : : : : : : : : : : : 1– 2– 3– 4– 5– 6– 7– 8– 9– 10– 11– 12– 13– 14– 15– Tablo Table Table Table Table Table Table : : : : : : : 16– 17– 18– 19– 20– 21– 22– Balance of Payments . . . . . . . . . . . . . . . . . . . . . . . . .59 Exchange Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . .59 Foreign Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60 Consolidated Budget . . . . . . . . . . . . . . . . . . . . . . . . .60 Price Movements . . . . . . . . . . . . . . . . . . . . . . . . . . . .61 Capacity Utilization Ratio And Production Index . . . .61 Banknotes in Circulation . . . . . . . . . . . . . . . . . . . . . .61 Money Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .62 Financial Assets (Stock Values) . . . . . . . . . . . . . . . . .62 Interest Rates On Savings Deposits . . . . . . . . . . . . . .63 Sectoral Breakdown of Deposit Money Bank Credits .63 Government Securities Issues . . . . . . . . . . . . . . . . . . .63 Outstanding Government Securities . . . . . . . . . . . . . .64 Securities Issues Registered with the Board . . . . . . . .64 Corporations with Initial Public Offering of Shares During 2000 . . . . . . . . . . . . . . . . . . . . . . . . . .65 Private Sector Securities (Stock Value) . . . . . . . . . . .66 Secondary Market Transactions . . . . . . . . . . . . . . . . .66 Debt Instruments Secondary Market Trading Volume 67 Companies in the ISE Shares Market . . . . . . . . . . . . .67 Main Indicators of ISE Equity Market . . . . . . . . . . . .67 Small Orders Executed Off-the Exchange . . . . . . . . . .68 ISE Equity Market Index . . . . . . . . . . . . . . . . . . . . . .68 Capital Markets Board of Turkey Annual Report 2000 iii Table Table Table Tablo Table Table Table Table iv : : : : : 23– 24– 25– 26– 27– Portfolio Composition of Mutual Funds . . . . . . . . . . .70 "Type A" Mutual Funds . . . . . . . . . . . . . . . . . . . . . . .71 "Type B" Mutual Funds . . . . . . . . . . . . . . . . . . . . . . .76 Foreign Mutual Funds Issued in Turkey . . . . . . . . . . .81 Portfolio Composition of "Type A" Investment Companies . . . . . . . . . . . . . . . . . . . . . . . .83 : 28– "Type A" Investment Companies . . . . . . . . . . . . . . . .83 : 29– Portfolio Composition of Real Estate Companies . . . .84 : 30– Real Estate Investment Companies . . . . . . . . . . . . . .84 Capital Markets Board of Turkey Annual Report 2000 Message from the Chairman and CEO Ankara, June 2001 The rapid development of internet based financial businesses and new technology across geographical borders has led to a substantial increase in competition amongst global financial markets. Jurisdictional barriers are becoming overcome and the ongoing liberalization of financial markets has led to a rising trend towards increased levels of international investment. As a consequence of the increase in competition within both national and international financial markets, investors are now being offered more competitive returns. In addition, continued consolidation and integration through mergers and acquisitions across many financial sectors poses important regulatory issues. Within this highly competitive and volatile framework of high levels of takeover, the regulation of financial markets plays a vital and crucial role in promoting efficiency, fairness and stability of the Turkish Capital Markets. The Capital Markets Board of Turkey (CMB) was set up in 1982 in order to supervise, regulate and develop the conduct of capital markets in Turkey. CMB has undertaken all the dynamic precautions to monitor the operation of the securities market and to protect the rights of investors by providing a fair and compatible financial market. Capital Markets Board of Turkey Annual Report 2000 v The end of 1999 marked a significant era whereby amendments in the Capital Markets Law were made in order to establish strategic objectives that would help maintain the capital markets in Turkey at high international standards. Besides increasing the confidence for domestic investors, since 1989 every liberal action has been undertaken to increase the expected confidence of also all foreign investors. Moreover, within the changing macroeconomic and microeconomic environment and the implementation of structural reforms in the economy, investor confidence is most likely to be restored accordingly. In order to reserve our global position within world financial markets, CMB is also in continuous co-operation with both international capital markets and institutions. The membership of the CMB to the International Organization of Securities Commissions (IOSCO) is the most important among them. Furthermore, CMB’s Memorandum of Understanding activities with other regulatory bodies such as the Southeast European Cooperation Initiative Project (SECI) are progressing on an ongoing basis. To sum up, within the short-term all of the intensive activities of the CMB will help us sustain our rightly deserved position within global capital markets. Dr.Doğan CANSIZLAR Chairman and CEO Capital Markets Board of Turkey vi Capital Markets Board of Turkey Annual Report 2000 Board Members Fatma KUTLAY Deputy Chairperson Erdal BATMAZ Board Member Hüseyin ERDEM Board Member Nizamettin TEMEL Board Member Prof. Dr. Halil SARIASLAN Board Member Sezai AKIN Board Member Capital Markets Board of Turkey Annual Report 2000 vii viii Capital Markets Board of Turkey Annual Report 2000 1. CAPITAL MARKETS BOARD 1.1 Organizational Structure and Functions of the Board 1.1.1 Management and Organization 1.1.1.1 The Executive Board and The Chairman The Executive Board consists of seven Members/ Commissioners who are appointed by the Council of Ministers. Two of the members are elected and appointed among four nominees who are determined by the Ministry of the State responsible for the economy. The other five Members/ Commissioners are elected among the nominees of the "Ministry of Finance", the "Ministry of Industry and Commerce", the "Banking Regulatory and Supervisory Board", the "Union of Chambers and Commodity Exchanges", and the "Association of the Capital Markets Intermediary Institutions". Each of these institutions nominates two candidates, one of whom is to be elected and appointed. All Members/ Commissioners are appointed for a period of six years. The Council of Ministers appoints one of the Members/ Commissioners as the Chairman and the Capital Markets Board of Turkey Annual Report 2000 1 Board elects one member as the Deputy Chairman. The Chairman is the top executive who is responsible for the administration and representation of the Board. The Executive Board is proclaimed by law to be at the highest level within the decision-making mechanism of the CMB and is empowered to decide on any issue within the authority of the CMB. 1.1.1.2 Executive Vice Presidents and the Departments of the CMB There are four Executive Vice Presidents who are authorized and responsible for the coordinated operation and administration of the entire organization. There are ten main departments, which are organized by function. Department of Enforcement The primary function of this Department is auditing of corporations, intermediary institutions, banks and other financial institutions operating in securities markets, and ensuring the conformity of their activities to the pertaining legislation. The Department is responsible for enforcing Capital Market regulations and investigating violations of the regulations. Department of Corporate Finance The Department of Corporate Finance examines and evaluates the registration applications of the corporations for their security issues. Major responsibilities of the department include reviewing the disclosure materials and developing standard application and disclosure forms in order to provide accurate and adequate information to the public. Department of Intermediary Activities This Department is authorized and responsible for reviewing and examining the applications of the intermediary institutions for operating in the capital markets. Among the responsibilities of the Department is to regulate the relationships of the intermediary institutions with issuing corporations and investors. The Department is also responsible for supervising the compliance of intermediary institutions to the capital adequacy requirements and for reviewing the financial statements of these institutions. 2 Capital Markets Board of Turkey Annual Report 2000 Department of Institutional Investors The Department is mainly responsible for the regulation and supervi-sion of principles regarding the establishment and operation of collective investment institutions and licensing of the intermediaries. The concept of institutional investors includes not only mutual funds and investment trusts engaging in securities trading, but also venture capital investment companies, real estate investment companies and social security funds. The regulation and supervision of the disclosure standards for collective investment institutions and management companies are also amongst the responsibilities of this Department. Research Department The Department of Research undertakes economic and financial research studies for the Board so that the Board can develop long-term strategies and undertake the appropriate actions based on sound determinations. This Department also makes policy recommendations for the development of new financial instruments, activities and markets. The Department also carries out the activities related to international relations of the CMB. Department of Legal Consultancy The major function of this Department is to be actively involved in the activities for the creation of regulations within the authority of the CMB. This Department provides legal consultancy services for the CMB and other Departments of the organization. The staff undertakes research studies concerning the legal aspects of the securities' markets and maintains the coordination with other related institutions in this field. The Department of Legal Consultancy also represents the CMB in any litigation. Department of Accounting Standards Department of Accounting Standards carries studies on the establishment of general and private accounting standards related to the institutions subject to the CML, in harmonization with international standards. It is also responsible for evaluating the applications for the establishment of independent auditing firms and also of rating firms that will operate in Turkey. The Department supervises the activities of independent auditing firms and the quality of the services that they provide. Capital Markets Board of Turkey Annual Report 2000 3 Department of Market Regulations and Surveillance This Department is responsible for overseeing the secondary markets including the derivatives markets. The Department’s responsibilities are to develop necessary regulations for the secondary markets to operate efficiently and safely and also to develop surveillance systems for watching the trading in secondary markets. Department of Data Processing, Statistics and Information It was determined as an absolute necessity to establish a well-organized and computerized surveillance system for the markets due to the development of the Turkish securities markets, which increased the importance of the CMB's market surveillance in order to ensure fair and orderly functioning of the markets. Within this framework, the CMB carried out studies directed towards the reorganization of the Directorate of Data Processing and Statistics in the form of an individual department. The main responsibilities and functions of this department are to form a reliable and real database and to set up the system required for computerized data processing. Department of Administrative and Financial Affairs With its three major directorates this Department provides services in keeping the accounts and preparing the financial statements, and in dealing with the personnel matters of the CMB concerning their rights as employees, retirement and health care, social security benefits and other services offered to the personnel. Finally, the matters related to communications, buildings, repairs, purchases and maintenance of the equipment are conducted within the scope of authority of this Department. Istanbul Regional Office The Istanbul Regional Office of the CMB is mainly in charge of relations with the corporations, intermediaries and other capital market institutions. The Regional Office is authorized to inform related organizations about the activities carried out by the CMB and to ensure the coordination with these organizations. The Office provides the CMB and other departments with reports on the activities of the capital market institutions and makes comments on these. In the organizational structure its position is equivalent to the other departments. 1.1.2 Personnel Selection Strategy The professional staff is selected by a written exam followed by an interview among university graduates in the fields of economics, business administration, law, international relations and public administration. 4 Capital Markets Board of Turkey Annual Report 2000 Distribution of the staff of the Capital Markets Board as at the end of 2000: ______________________________________________________ Executive Board 7 Advisors 1 Executive Vice Presidents 4 Heads of Departments 13 Senior Professional Staff 98 Junior Professional Staff 56 Lawyers 7 Assistant Lawyers 9 Administrative and Technical Support 179 ______________________________________________________ TOTAL 374 ______________________________________________________ 1.2 Institutions under CMB Supervision Capital Markets Board of Turkey licenses intermediary institutions and collective investment institutions, registers corporations issuing securities, and additionally supervises the clearing organization and securities and precious metal exchanges established in Turkey. As at the end of 2000, the following were operating under the supervision of CMB: ➢ 843 corporations registered with CMB for shares issues, of which 315 were actively traded on the Istanbul Stock Exchange, ➢ 133 brokerage houses, ➢ 72 banks, which have license to deal in off-exchange trading and repo transactions, ➢ 270 mutual funds, Capital Markets Board of Turkey Annual Report 2000 5 ➢ 21 securities investment companies, ➢ 8 real estate investment companies, ➢ 1 venture capital investment company, ➢ 9 portfolio management companies, ➢ Istanbul Stock Exchange, ➢ Istanbul Gold Exchange, ➢ Takasbank (Clearing and Settlement Bank). 1.3 Litigation In 2000, 65 cases against corporations, intermediaries and persons were brought before the public prosecutor by the CMB for the violation of various provisions of the Capital Market Law, the Turkish Criminal Code and the Turkish Commercial Code. Relevant provisions include insider trading, manipulation, unauthorized intermediation, disseminating misleading information, failure to keep records and documents, forgery, swindling and breach of trust. There were 211 public prosecutions still pending as at the end of 2000. Decisions were declared for 107 of the criminal cases, and 234 criminal cases were still pending at the year end. There were 2 bankruptcy actions filed by CMB during 2000. Insolvency proceedings continued in 2000 for 12 of the bankruptcy cases that had been finalized. Nine of the civil cases filed by the CMB have been adjudicated in 2000. 6 Capital Markets Board of Turkey Annual Report 2000 2. THE TURKISH ECONOMY IN 2000 2.1 General Economic Developments The main factor shaping the developments of the Turkish economy in 2000 has been the stabilization program that has been implemented to reduce inflation. With the elimination of exchange rate risk, interest rates have started to fall, stimulating investments and production of consumer durables and promoting imports. With these developments, the economy has entered a growth phase in 2000, following the contractionary period experienced since mid 1998. However, as a result of the liquidity problems faced in November, which also triggered the outflow of short-term capital, difficulties were faced in the implementation of the program and in the general economic activity. 2.1.1 National Income and Growth Rates Following the contraction in 1999, where the GNP at constant prices declined by 6.1 % , in 2000 the economy entered an expansionary phase. For the first three quarters of 2000, GNP has risen by 5.4% compared with the same period of the previous year, and for the whole year, the growth rate has been 6.1%. Capital Markets Board of Turkey Annual Report 2000 7 Total domestic output slightly changed in favor of the services sector whose share in gross domestic income rose to 63.7% and remained to have the highest contribution to domestic production. The industry sector followed the services sector with a share of 22.3% and the agricultural sector slightly declined to 14% from 14.6% in the previous year (Table: 1.1). Table: 1.1- National Income and Growth Rates 1996 GNP (TL. billion at current prices) -Growth rate (%) GNP (TL. billion at 1987 prices) -Growth rate (%) Share of sectors in GDP(%) Agriculture Industry Services 1997 1998 1999 2000 14,978,067 29,393,262 53,518,332 78,282,967 125,970,544 90.7 96.2 82.1 46.3 60.9 106,080 7.1 114,874 8.3 119,303 3.9 112,044 -6.1 118,916 6.1 15.9 24.2 59.9 13.7 23.7 62.6 16.9 21.4 61.7 14.6 21.9 63.5 14.0 22.3 63.7 Source: SIS 2.1.2 Foreign Trade and the Balance of Payments The appreciation of the Turkish Lira, amongst other factors, contributed to the sharp rise in imports in 2000. With $ 53.7 billion, imports exhibited a rise of 36% over 1999, while exports only rose by 7% to $ 31.3 billion. Consequently, trade deficit increased to $ 22.3 billion. The current account balance rose sharply to $ 9.8 billion in 2000 from $1.4 billion in 1999. In the first half of 2000, foreign borrowing through government securities had been the major source of financing of the current account deficit. Fund collection through government bond issues totaled $7.5 billion throughout the year. In the second half of the year, short-term capital inflows gained momentum. Moreover securities trading abroad by residents and long term credits obtained by the non-banking sector and by the general government have been substantial, resulting in a total capital inflow of $ 9,445 million in 2000 (Annex 4-Table: 1). Short-term capital inflow had been around $4 billion. While for the first seven months, outflow of short-term capital was realized, in the following period the course changed to net inflow, heavily influenced by 8 Capital Markets Board of Turkey Annual Report 2000 commercial credits obtained by the corporate sector and short-term borrowings of commercial banks. There has been a net inflow of capital into Turkey through portfolio investments throughout the period of 1989-2000, with the exception of 1988. For the first three quarters of 2000, net capital inflow through portfolio investments had been $ 6,032 million. However, the liquidity problem faced in November resulted in the sale of foreign exchange reserves by the Central Bank. Following this, non-residents have realized $ 5.2 billion of securities sales and consequently, $ 4.8 billion of capital outflow. 2.1.3 Price Movements Although the stabilization program implemented during the course of the year, aiming at reducing inflation has not been sustained and the target rates have been exceeded, a slow down of price movements has been observed compared to the previous year. As of the end of 2000, consumer prices rose by 39% compared to the previous year-end. On a 12 month average basis, the rise in consumer prices was 54.9%, both showing a decline from the previous year figures of 68.8% and 64.9% respectively. DIAGRAM 1.1: PRICE MOVEMENTS % CHANGE IN INDEX 120 100 80 60 40 20 0 1996 1997 1998 1999 2000 WPI CPI 84.9 79.8 91 99.1 54.3 69.7 62.9 68.8 32.7 39.0 Source: SIS The wholesale price index increased by only 32.7% compared with the previous year and figure. For 1999, the same yearly increase had been Capital Markets Board of Turkey Annual Report 2000 9 62.9%. On a 12 month average basis the increase was 51.4 %, which is below the figure of 53.1% for 1999(Annex 4-Table: 5). The highest price increase took place in the mining sector by 56.1%, followed by the energy sector with 37.4%. Agriculture and manufacturing exhibited price increases of 39.8% and 29.4% respectively. As to the difference between public and private sectors, wholesale prices rose by 69.4% in the public sector, whereas the increase was 45.8% in the private sector, based on 12-month average. On a year-end basis, public sector prices had an increase of 24.7% whereas private sector increased by 35.7%. 2.1.4 Consolidated Budget and Public Finance As of the end of 2000, the consolidated budget cash deficit amounted to TL 12,027 trillion. The cash deficit to GNP ratio was 9.5%. Expenditures in the consolidated budget totaled TL 46,602 trillion, with a rise of 65% from the previous year figure. In the expenditures, share of transfers kept the highest ratio with an increase from 60% in 1999 to 65% in 2000. Income figure reached TL 33,756 trillion in 2000, increasing by 78% from the previous year. Taxes were TL 26,514 trillion, making 79.8% of the total income (Annex 4-Table: 4). 2.1.5 Foreign Borrowing Foreign borrowing kept its rising trend also in 2000. The total value of foreign debt stock rose to $114.3 billion as of the year-end, which corresponds to an increase of 10.6% from previous year level. Of this total, 74.5% was medium to long-term debt, 55% of which was used by the public sector. Of the $ 28.9 billion short-term debt, 58.5 % was used by commercial banks (Annex 4-Table: 3). Foreign exchange composition of borrowing diverges between short term and medium-to-long term borrowings. As of the end of the third quarter, US dollar based foreign debt constituted 6.8% of short term borrowing, and 51% of medium-to-long term borrowing. Foreign debt based on Euro or on currencies constituting Euro have a greater weight in medium-tolong term borrowing. 2.1.6 Industrial Production and Capacity Utilization The production index of the State Institute of Statistics with base year 1997 increased to 100.9 in 2000 from 95.8 in 1999. As of the end of December 2000, the capacity utilization ratio in the manufacturing industry was 76 (Annex 4-Table: 6). 10 Capital Markets Board of Turkey Annual Report 2000 Among the reasons for not working with full capacity, insufficient domestic demand had the greatest weight with 48.9%. With 12.5 %, insufficient foreign demand also had a large adverse effect for not using full capacity. However both these figures had been higher in 1999 as 55.3% and 14.6% respectively. Shortage in raw materials, both domestic and foreign, increased their weight to 5.1% from 3.5%. Financial problems remained to have small impact with 2.8%. DIAGRAM 1.2: CAPACITY UTILIZTION RATIO AND PRODUCTION INDEX 80 102 100 78 76 96 94 74 92 90 72 88 PRODUCTION INDEX CAPACITY UTILCATION RATIO 98 70 86 68 1996 CAP. U. RATIO 78.5 PRO INDEX 90.0 1997 79.3 100.1 1998 76.5 100.9 1999 72.4 95.8 2000 76.0 100.9 84 Source: SIS 2.2 Financial Market Developments 2.2.1 General Trends The level of financial assets rose to the level of TL 98,282 trillion in 2000, exhibiting an increase of 45% over the previous year. This figure remained well below the previous year increase of 99%, and accordingly, the ratio of total financial assets to GNP figure decreased to 78%in 2000 from 86% in 1999 (Table: 1.2). Share of banking sector in financial assets, which rose up to 60% in 1999, declined to 56% in 2000. Financial assets of the banking sector, together with the special finance houses reached the level of TL 54,611 trillion, which amounts to a 35% increase over the previous year (Annex 4-Table: 9). Capital Markets Board of Turkey Annual Report 2000 11 Table: 1.2- Financial Assets (%) 1996 1997 1998 1999 2000 Total Financial Assets / GNP 57.8 60.0 63.3 86.3 78.0 Share of Banking Sector in Total Financial Assets 62.0 60.2 59.6 59.9 55.6 Share of Capital Markets in Total Financial Assets 38.0 38.82 40.4 40.1 44.4 Share of Private Sector in Capital Markets 13.4 13.3 13.9 14.0 15.7 Source: CMB, Central Bank, Undersecreteriat of Treasury Keeping its increasing trend, the capital markets share in total increased to 44% in 2000 from 40% in 1999. Share of the private sector in capital markets also increased in parallel to the 81% increase in shares stock value. 2.2.2 Banking Sector 2.2.2.1 Money Supply The volume of currency issued in 2000 increased to TL 3,214 trillion, reflecting a 70% increase over 1999 year end. Narrow money stock (M1) reached TL 8,209 trillion with a 92% increase over the previous year. Sight deposits had a share of 61% in the narrow money stock, whereas currency issued had a 39% share. Broad money stock (M2), which had exhibited a rise of 92% in the previous year, rose by 49% in 2000 and reached the level of TL 32,812 trillion by the year-end. Foreign exchange deposits rose by 89% in 2000, raising the level of M2Y to TL 57,167 trillion. M3 attained the level of TL 34,479 trillion by the year end (Annex 4-Table: 8). 2.2.2.2 Deposits Total deposits in the banking sector reached TL 5,275 trillion, including foreign exchange deposits. This figure displays a 33% increase over the previous year. 12 Capital Markets Board of Turkey Annual Report 2000 Time deposits had the second largest share in this total with 39%. The largest share belonged to foreign exchange deposits of banks, with 48%. Official deposits exhibited a 51% increase over the previous year and reached a total of TL 1,204 trillion in 2000. Interest rates showed a decline over the course of the year in parallel to the measures taken as a result of the stabilization program, however, with the liquidity problems emerging in November, interest rates changed course. As of the end of the year, three-month time deposit interest rate was 105% and one-month rate was 81%, showing higher rates for shorter maturities. Sixmonth and one-year deposits had interest rates of 69% and 46% respectively (Annex 4-Table: 10). 2.2.2.3 Credits Credits extended by deposit money banks amounted to TL 27,372 trillion in 2000, exhibiting an increase of 61.3% over the previous year. 93% of this total was given to private enterprises and households. The public sector and financial institutions received 2.9% and 2.7% respectively, while less than one percent was given to non-residents (Annex 4-Table: 11). DIAGRAM 1.3: SECTORAL BREAKDOWN OF DEPOSIT MONEY BANK CREDITS 30000 Trillion TL 25000 20000 15000 10000 5000 0 Non residents Private Sector Financial Institutions Public admin 1996 50 3029 117 66 1997 132 6960 212 245 1998 273 10774 353 318 1999 211 15391 612 754 2000 268 25562 735 807 Source: Central Bank Capital Markets Board of Turkey Annual Report 2000 13 2.2.3 Gold Market One important factor in the gold market in 2000 has been the buoyancy experienced in the amount of gold imported. Gold imports have risen by 91.2% from the previous year in 2000 and reached a record amount of 205,300 kg. Table : 1.3a - Istanbul Gold Exchange (IGE) Amount of Trading Year 1996 1997 1998 1999 2000 TL/GR 102,831 178,121 265,532 277,734 299,740 $/ounce 71,129 113,367 173,748 213,740 129,430 Trading Volume Total 173,960 291,488 439,280 491,474 429,170 (TL. Billion) 108,594 287,527 683,711 1,052,077 1,681,172 ($ Million) 888 1,215 1,640 1,908 1,160 Source: IGE Table : 1.3b - Trading Volume of Futures and Options on Gold Year Number of Contracts Amount of Trading TL/gr. 1997($) 1998($) 1999($) 2000($) 2000 (TL Billion) 445 30 47 97 70 61 3 10 12 5 Source: IGE 14 Capital Markets Board of Turkey Annual Report 2000 Total Value 13,511,486 833,442 1,197,131 1,211,714 774 3. TURKISH CAPITAL MARKETS IN 2000 3.1 Primary Markets 3.1.1 Private Sector Security Issues The increase in the volume of corporate security issues has been more than six- fold in 2000. The total market value of these issues reached TL 5,793 billion in 2000, after the level of TL 855 billion in 1999. Main categories contributing to this growth were shares and mutual fund participation certificates, having 52% and 47% share in total volume respectively. Capital Markets Board of Turkey Annual Report 2000 15 DIAGRAM 2.1: CORPORATE SECTOR SECURITY ISSUES REGISTERED WITH CMB 7000 6000 Trillion TL 5000 4000 3000 2000 1000 0 1996 2.7 Real Estate Cert. Foreign Mutual Funds 0.0 Mutual Funds 0.0 Bank Bills 2.4 Asset Backed Sec. 41.6 Commercial Paper 2.9 Bonds 1.2 Shares 102.2 1997 0.0 1.8 0.0 9.9 23.0 2.2 1.5 305.7 1998 0.0 0.0 131.4 0.0 11.0 0.0 2.5 696.8 1999 0.0 0.0 176.7 0.0 0.0 0.0 0.0 678.9 2000 0.0 3.9 2767.9 12.5 0.0 0.0 1.2 3008.0 Source: CMB Additionally, although in small amounts, issues of corporate bonds, bank bills and bank guaranteed bills, and foreign mutual fund participation certificates have taken place in 2000, after a period of no activity in 1999 (Annex 4-Table:14). As of the end of 2000, there were 839 corporations with publicly offered equities registered with CMB. 3.1.2 Public Sector Security Issues Issues of public sector securities exhibited an increase of 23% in 2000 and reached TL 32,518 trillion, whereas last year there was an increase of 86%. This reflects a slowdown in the issue volume. Since 1999, government bonds have taken the lead in the total issue volume as opposed to short-term treasury bills, which had been the dominant factor in government securities. Treasury bill issues showed a decline in 2000 and were realized as TL 5.782 trillion, after TL 6,858 trillion in 1999. Privatization bond issues increased by 36% in 2000 and reached TL 49.6 trillion (Annex 4-Table: 12). 16 Capital Markets Board of Turkey Annual Report 2000 DIAGRAM 2.2: GOVERNMENT SECURITIES ISSUES 35000 30000 Trillion TL 25000 20000 15000 10000 5000 0 Privatization Bonds Treasury Bills Government Bonds 1996 27.8 3722.0 1247.9 1997 117.3 3074.4 3185.6 1998 38.8 9546.3 4708.1 1999 36.6 6858.6 20027.8 2000 49.7 5782.7 26685.9 Source: Undersecreteriat of Treasury 3.1.3 Initial Public Offerings Total market value of IPO’s registered with CMB by 37 companies amounted to TL 1,841,822 billion in 2000. This figure shows that, of the total of TL 3,007,974 billion shares issues registered with CMB during the year, IPO’s made up 61% (Annex 4-Table: 15). Table: 2.1 - Initial Public Offerings Year No. of Nominal Value Market Value Corporations of IPO of IPO 1996 1997 1998 1999 2000 27 29 20 10 37 2,985 9,669 16,963 26,812 132,821 14,475 63,569 93,433 46,419 1,841,822 (TL. Billion) Free Float Market Value Ratio of Sales 41.68 15.66 27.06 33.57 19.42 14,700 63,569 94,318 46,473 1,842,747 Source: CMB Capital Markets Board of Turkey Annual Report 2000 17 3.2 Secondary Markets The negative effects of liquidity problems faced in November 2000 were seriously felt in all areas, and naturally also in the securities markets. The rising interest rates and the resulting decline in asset prices and trading volume were clearly seen in both the equities and the bonds and bills markets. Secondary market trading showed a decline from the previous years figure of TL 1,085,442 trillion to TL 965,153 trillion in 2000. Banks trading on government securities, as always, dominated the trading volume in the secondary markets. With TL 753,013 trillion of trading in government securities, banks had a share of 78% in the total trading volume. Brokerage houses, on the other hand almost had equal amounts of trading in shares and government securities each ranging around TL100,000 trillion (Annex 4-Table: 17). 3.2.1 Secondary Market Trading in Debt Instruments Secondary market trading on debt instruments concentrated in government bonds, which had a 87% share in total. This was followed by treasury bills, which had a share of 13%. Trading on private sector instruments remained negligible (Annex 4-Table: 18). DIAGRAM 2.3: SECONDARY MARKET DEBT INSTRUMENTS TRADING VOLUME 1,200,000,000 Billion TL 1,000,000,000 800,000,000 600,000,000 400,000,000 200,000,000 0 Treasury Bills Government Bonds Private Sector 1996 57,192,960 12,889,759 416,782 1997 90,849,214 85,546,648 199,138 1998 1999 2000 170,408,862 353,485,859 110,930,479 109,941,521 694,866,277 742,282,105 76,911 156,129 560,354 Source: CMB 18 Capital Markets Board of Turkey Annual Report 2000 Table : 2.2a - ISE Bonds and Bills Market TL. Billion Year Outright Purchases and Sales Market Repo - Reverse Repo Market Total Daily Average 21,051,432 63,695,703 115,274,469 286,153,734 720,457,558 83,537 252,761 461,098 1,153,846 2,870,349 Public Securities 1996 1997 1998 1999 2000 2,710,973 5,503,632 17,995,993 35,430,078 166,336,480 18,340,459 58,192,071 97,278,476 250,723,656 554,121,078 Source: ISE Table : 2.2b - ISE Bonds and Bills Market Off-Exchange Transactions (Registered) Outright Purchases and Sales Market Year 1996 1997 1998 1999 2000 Public Securities Private Securities Foreign Securities 4,627,832 12,610,260 62,436,981 168,657,575 307,596,515 279,082 242,020 54,452 51,159 49,568 4,188 62,442 143,611 514,322 5,206,526 Total 4,911,102 12,914,722 62,635,044 169,223,056 312,852,609 TL. Billion Repo Reverse Repo Market 61,835,786 161,640,328 297,902,341 530,301,697 1,015,698,585 Source: ISE 3.2.2 Equities Trading in the Secondary Market Equities trading volume in the Istanbul Stock Exchange reached TL 111,340 trillion in 2000 with a 200% increase over 1999, making an average daily turnover of TL 452 trillion. This average turnover exhibits a rise of 189% over the previous year (Annex 4-Table: 20). In equities trading, frequency distribution of intermediaries reveals a highly concentrated structure, with a few number of intermediaries having large volume of trading. As can be seen from Table 2.3, the first 20% of total transactions have been made by only 5 intermediary institutions, whereas in the last quintile there are 91 intermediaries with small trading volumes (Table: 2.3). Capital Markets Board of Turkey Annual Report 2000 19 Table : 2.3 - Frequency Distribution of ISE Secondary Market Trading of Equities No. of Brokerage Houses RANGES 1st Range 2nd Range 3rd Range 4th Range 5thRange (20%) (20%) (20%) (20%) (20%) 5 7 11 19 91 Note: Total secondary market trading volume of TL. 111,341 trillion is divided into five ranges, each of which is TL. 22,268 trillion. DIAGRAM 2.4: ISE SHARES MARKET TURNOVER 120.000 100.000 Trillion TL. 80.0000 60.000 40.000 20.000 0 Avg. Daily Turnover 1996 3.040 1997 9.272 1998 18.097 1999 36.903 2000 111.341 Source: ISE The rising trend in the secondary market transactions can also be seen in the number of contracts, which rose to 32 million in 2000 from 25 million in 1999. Similarly, total and average daily number of shares traded exhibited considerable increase reaching TL 11,075 trillion and TL 452 trillion respectively (Annex 4-Table: 20). 20 Capital Markets Board of Turkey Annual Report 2000 Table : 2.4 - ISE Equities Market Year Turnover Ratio (%) 1996 1997 1998 1999 2000 92.8 73.3 170.5 60.4 238.5 Price / Earnings Ratio Dividend Yield (%) 12.2 24.39 8.84 37.52 16.82 2.87 1.56 3.37 0.72 1.29 Source: ISE The ISE Composite Index, after closing 1999 with 15,208 rose to 16,714 by the end of January, and kept falling throughout the year. December close was at a level of 9.437 (Annex 4-Table: 22). 3.2.3 Corporations Listed on the Istanbul Stock Exchange As of the end of 2000, the total number of corporations with stocks listed on the Exchange declined to 315 from 319 in 1999. Total nominal value of shares quoted on the exchange rose to TL 6,276 trillion in 2000 from TL 3,793 trillion in 1999. Total market capitalization of the companies listed on the Istanbul Stock Exchange was TL 46,692 trillion as of the year end, reflecting the decline in equity prices since the beginning of the year (Annex 4-Table: 19). DIAGRAM 2.5: MARKET CAPITALIZATION 70,000,000 60,000,000 TL Billion 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 Market Capitalization 1996 1997 1998 1999 2000 3,275,038 12,654,308 10,611,820 61,137,073 46,692,373 Source: ISE Capital Markets Board of Turkey Annual Report 2000 21 3.3 Financial Intermediaries The total number of financial intermediaries licensed to operate in the Turkish securities markets have reached 133. Of this total, 46 were established by banks as brokerage houses (Table:2.5). Table: 2.5 – Total Number of Financial Intermediaries 1. Brokerage Houses Founded by Banks Other 2. Banks* TOTAL 1997 1998 1999 2000 142 42 100 63 205 143 45 98 66 209 136 46 90 73 209 133 46 87 72 205 *Banks can only be licensed to engage in off-exchange intermediation in securities that have been previously issued and intermediaton on the exchange with the exception of equities and to engage in repo and reverse repo transactions. 3.4 Collective Investment Institutions 3.4.1 Mutual Funds By the end of 2000, the total number of Turkish mutual funds reached 270. Of this total, 150 were Type A funds, which need to have a minimum of 25% investment in equities. Moreover, there were 20 foreign mutual funds, whose participation certificates were issued in the Turkish market. The total asset value of the 150 "Type A" funds were TL 529,998 billion, with 9,250 million certificates in circulation. "Type B" mutual funds had a total asset value of TL 1,460 trillion and 7,924 million shares in circulation (Annex 4-Tables: 24,25) Portfolio composition of "Type B" mutual funds consisted basically of reverse repo agreements (86%) and government bonds (13%). "Type A" funds also relied heavily on reverse repo agreements (42%), following equities (46%). Government bonds had a share of 11% in the portfolios of "Type B" funds (Annex 4-Table: 23). Seven foreign mutual funds have started to market their participation certificates in Turkey in 2000. Together with the previously authorized foreign funds, their number reached 20 by the year end (Annex 4-Table: 26). 22 Capital Markets Board of Turkey Annual Report 2000 3.4.2 Investment Companies Total number of investment companies reached 30 by the end of the year 2000. Of this total, 21 were "Type A" Investment Companies, with a collective nominal capital of TL 51.9 trillion and a total asset value of TL 78.6 trillion. The existing 8 real estate investment companies raised their nominal capital to TL 187.9 trillion in 2000, and their asset value reached TL 531.8 trillion. In the course of the year, one venture capital investment company has been established, showing TL 900 billion of nominal capital and TL 3.3 billion of total asset value as of the year-end. (Table: 2.7) Portfolio composition of "Type A" investment companies showed little difference from the previous year, with a slight inclination in favor of reverse repo transactions. Share of equities declined from 57% to 56%, whereby share of reverse repo rose from 27% to 30%. However, all this increase took place together with a decline in the overall asset value of the companies, which fell from TL.84 trillion in 1999 to TL 78 trillion in 2000 (Annex 4-Table: 27). Table: 2.6 - Investment Companies No. of Companies Nominal Capital (TL.Billion) Total Asset Value (TL.Billion) 1996 "Type A" Real Estate Venture Capital 14 - 2,740 - 5,924 - 1997 "Type A" Real Estate Venture Capital 16 2 - 5,907 2,375 - 15,554 8,762 - 1998 "Type A" Real Estate Venture Capital 17 5 - 15,815 14,743 - 20,707 135,798 - 1999 "Type A" Real Estate Venture Capital 21 8 - 18,510 96,000 - 84,245 418,514 - 2000 "Type A" Real Estate Venture Capital 21 8 1 51,886 187,883 900 78,578 531,873 3,301 Capital Markets Board of Turkey Annual Report 2000 23 24 Capital Markets Board of Turkey Annual Report 2000 ANNEX : 1 REGULATIONS OF THE BOARD IN 2000 Capital Markets Board of Turkey Annual Report 2000 25 26 Capital Markets Board of Turkey Annual Report 2000 ANNEX : 1-REGULATIONS OF THE BOARD IN 2000 A. COMMUNIQUÉS LAUNCHED IN 2000 * Serial : V, No: 43 "Communiqué for changing some clauses of the communiqué on portfolio management" Date and No. of the Official Gazette : Jan. 19, 2000; 23938 * Serial : IV, No: 26 "Communiqué for changing some clauses of the communiqué on the conditions for exemption from CMB requirements" Date and No. of the Official Gazette : Feb 16, 2000; 23966 * Serial : VII, No: 15 "Communiqué for adding some clauses to the communiqué on mutual funds" Date and No. of the Official Gazette : April 29, 2000; 24034 * Serial : I, No: 27 "Communiqué for adding some clauses to the communiqué on the registration and sale of shares" Date and No. of the Official Gazette : May 6, 2000; 24041 * Serial : V, No: 44 "Communiqué for adding some clauses to the communiqué on repurchase and reverse repurchase agreements" Date and No. of the Official Gazette : May 31, 2000; 24065 * Serial : V, No: 45 "Communiqué for adding some clauses to the communiqué on margin trading, short sales and lending and borrowing of securities" Date and No. of the Official Gazette : May 31, 2000; 24065 * Serial : VI, No: 13 "Communiqué for adding some clauses to the communiqué on real estate investment companies" Date and No. of the Official Gazette : June 8, 2000; 24073 * Serial : V, No: 46 "Communiqué on intermediation activities and intermediary institutions" Date and No. of the Official Gazette : Sep. 7, 2000; 24163 Capital Markets Board of Turkey Annual Report 2000 27 * Serial : V, No: 47 "Communiqué on consulting activities and consultancy institutions" Date and No. of the Official Gazette : Sep. 7, 2000; 24163 * Serial : V, No: 48 "Communiqué on capital requirements of intermediary institutions" Date and No. of the Official Gazette : Sep. 7, 2000; 24163 * Serial : VII, No: 16 "Communiqué for adding some clauses to the communiqué on mutual funds" Date and No. of the Official Gazette : Sep. 9, 2000; 24165 B. REGULATIONS * Regulation for changing some clauses of the General Regulation on Precious Metal Exchanges Date and No. of the Official Gazette : Jan. 25, 2000; 23944 * Regulation for changing some clauses of the ISE Listing Regulation Date and No. of the Official Gazette : Jan. 27, 2000; 23946 * Regulation for changing some clauses of the ISE Bonds and Bills Market Regulation Date and No. of the Official Gazette : Aug. 8, 2000; 24134 * Regulation for changing some clauses of ISE Equities Market Regulation Date and No. of the Official Gazette : Aug. 8, 2000; 24134 28 Capital Markets Board of Turkey Annual Report 2000 ANNEX : 2 SECURITIES ISSUES REGISTERED WITH THE BOARD IN 2000 Capital Markets Board of Turkey Annual Report 2000 29 30 Capital Markets Board of Turkey Annual Report 2000 Capital Markets Board of Turkey Annual Report 2000 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 DEVREKTAŞ DEVREK ORMAN ÜRÜNLERİ SANAYİ VE TİCARET A.Ş. GİSAD DIŞ TİCARET A.Ş. TÜRKTUR GIDA SANAYİ VE TİCARET A.Ş. BİRLİK MENSUCAT TİCARET VE SANAYİ İŞLETMESİ A.Ş. (**) EGE SAĞLIK TESİSLERİ VE EĞİTİM MÜESSESELERİ A.Ş. MERKO GIDA SANAYİ VE TİCARET A.Ş. MERKO GIDA SANAYİ VE TİCARET A.Ş. YİMPAŞ YOZGAT İHTİYAÇ MADDELERİ PAZARLAMA VE TİCARET A.Ş. ÇELEBİ HAVA SERVİSİ A.Ş. (*****) ÇELEBİ HAVA SERVİSİ A.Ş. (*****) ÇELEBİ HAVA SERVİSİ A.Ş. (*****) AKSA AKRİLİK KİMYA SANAYİ A.Ş. (*****) TRAKYA CAM SANAYİ A.Ş. (*****) GLOBAL MENKUL DEĞERLER A.S. (*****) YAZICILAR OTOMOTİV VE GIDA YAT. PAZ. SAN. VE TİC. A.Ş. (***) ,IPO YAZICILAR OTOMOTİV VE GIDA YAT. PAZ. SAN. VE TİC. A.Ş. TOSYA YEM VE GIDA SANAYİ A.Ş. KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş. (****) ,IPO KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş. (***) ,IPO KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş. KÜTAHYA PORSELEN SANAYİ A.Ş. (**) NUH ÇİMENTO SANAYİ A.Ş. (****) ,IPO ANADOLU HAYAT SİGORTA A.Ş. (***) ,IPO ANADOLU HAYAT SİGORTA A.Ş. ŞEKER PİLİÇ VE YEM SANAYİ TİCARET A.Ş. (****) ,IPO ŞEKER PİLİÇ VE YEM SANAYİ TİCARET A.Ş. TÜRK EKONOMİ BANKASI A.Ş. (****) ,IPO TÜRK EKONOMİ BANKASI A.Ş. (***) ,IPO TÜRK EKONOMİ BANKASI A.Ş. LİO YAĞ SANAYİ VE TİCARET A.Ş. (****) ,IPO LİO YAĞ SANAYİ VE TİCARET A.Ş. (***) ,IPO LİO YAĞ SANAYİ VE TİCARET A.Ş. ALKİM ALKALİ KİMYA A.Ş. (****) ,IPO ALKİM ALKALİ KİMYA A.Ş. HÜR-GÜÇ GAZETECİLİK TİCARET TURİZM VE ORGANİZASYON A.Ş. DARDANEL ÖNENTAŞ GIDA SANAYİ A.Ş. ERSU MEYVE VE GIDA SANAYİ A.Ş. (****) ,IPO NAME OF THE COMPANY 42,000 700,000 4,000 3,060,000 1,000,000 1,761,050 1,761,050 100,000 250,000 250,000 250,000 9,931,442 150,000,000 8,750,000 7,000,000 7,000,000 48,000 1,200,000 1,200,000 1,200,000 864,000 15,855,840 10,000,000 10,000,000 1,165,000 1,165,000 22,000,000 22,000,000 22,000,000 500,000 500,000 500,000 7,310,000 7,310,000 200,000 8,928,000 1,000,000 EXISTING CAPITAL 84,000 700,000(l) 1,000 1,071,000 500,000 276,662(ll) 730,000(l) 900,000 200 200 100 663 19,516 4,682 1,276,502 5,723,497(l) 24,000 120,000 120,000 1,080,000(l) 864,000 834,560 1,500,000 8,500,000(l) 210,000 1,165,000(l) 2,500,000 2,400,000 19,600,000(l) 725,000 275,000 225,000(l) 1,290,000 7,310,000 28,192(II) 6,071,040 200,000 NOMINAL CASH 84,000 700,000 1,000 1,071,000 500,000 276,662 730,000 900,000 39,000 39,000 19,500 17,574 195,160 20,599 67,654,657 5,723,497 24,000 5,520,000 5,520,000 1,080,000 864,000 12,518,400 39,000,000 8,500,000 3,360,000 1,165,000 21,000,000 20,160,000 19,600,000 9,062,500 3,437,500 225,000 9,288,000 7,310,000 28,192 6,071,040 1,900,000 MARKET VALUE 504,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,080,000 0 0 864,000 0 0 0 0 0 0 0 0 990,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD 588,000 700,000 1,000 1,071,000 500,000 276,662 730,000 900,000 39,000 39,000 19,500 17,574 195,160 20,599 67,654,657 5,723,497 24,000 6,600,000 5,520,000 1,080,000 1,728,000 12,518,400 39,000,000 8,500,000 3,360,000 1,165,000 21,000,000 20,160,000 19,600,000 10,052,500 3,437,500 225,000 9,288,000 7,310,000 28,192 6,071,040 1,900,000 01/01/2000 12/01/2000 17/01/2000 19/01/2000 24/01/2000 31/01/2000 31/01/2000 31/01/2000 06/01/2000 06/01/2000 06/01/2000 19/01/2000 26/01/2000 27.01.2000 02.02.2000 02.02.2000 08.02.2000 08.02.2000 08.02.2000 08.02.2000 11.02.2000 11.02.2000 11.02.2000 11.02.2000 11.02.2000 11.02.2000 15,02,2000 15,02,2000 15,02,2000 16.02.2000 16.02.2000 16.02.2000 16.02.2000 16.02.2000 21.02.2000 21.02.2000 29.02.2000 84,000 700,000 1,000 1,071,000 500,000 276,662 730,000 900,000 200 200 100 663 19,516 4,682 1,276,502 5,723,497 24,000 120,000 120,000 1,080,000 864,000 834,560 1,500,000 8,500,000 210,000 1,165,000 2,500,000 2,400,000 19,600,000 725,000 275,000 225,000 1,290,000 7,310,000 28,192 6,071,040 200,000 NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED 84,000 700,000 1,000 1,123,925 502,866 276,662 730,000 18,000,000 39,000 39,000 19,500 17,574 195,160 20,599 67,654,657 5,723,497 24,000 5,520,000 5,520,000 1,080,000 877,396 12,518,400 39,000,000 8,500,000 3,360,000 1,165,000 21,000,000 20,160,000 19,600,000 9,062,500 3,437,500 225,000 9,288,000 7,310,000 28,192 6,078,104 1,900,000 MARKET VALUE OF THE SALES REALISED (TL. Million) 32 Capital Markets Board of Turkey Annual Report 2000 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 EXISTING CAPITAL ERSU MEYVE VE GIDA SANAYİ A.Ş. 30 SEK SÜT ENDÜSTRİSİ KURUMU SANAYİ VE TİCARET A.Ş. 5,149,000 BOSSA TİCARET VE SANAYİ İŞLT. T.A.Ş. (*****) 18,000,000 ANADOLU GIDA SANAYİ A.Ş. (*****) 6,851,250 YATAŞ YATAK VE YORGAN SANAYİ VE TİCARET A.Ş. (*****) 2,430,000 BEKO ELEKTRONİK A.Ş. (*****) 10,600,000 ANADOLU ANONİM TÜRK SİGORTA ŞTİ. (*****) 12,000,000 ANADOLU ANONİM TÜRK SİGORTA ŞTİ. (*****) 12,000,000 ANADOLU ANONİM TÜRK SİGORTA ŞTİ. (*****) 12,000,000 ÇİMENTAŞ İZMİR ÇİMENTO FABRİKASI T.A.Ş. (*****) 3,500,000 ADEL KALEMCİLİK TİCARET VE SANAYİ A.S. (*****) 500,000 GLOBAL MENKUL DEĞERLER A.S. (*****) 8,750,000 EREĞLİ DEMİR VE ÇELİK FABRİKALARI T. A.S. (*****) 44,352 TÜRK DIŞ TİCARET BANKASI A.Ş. 50,000,000 APEKS DIŞ TİCARET A.Ş. (**) 250,000 DENTAŞ KAĞIT SANAYİ A.Ş. 1,500,000 IŞIKLAR AMBALAJ SANAYİ VE TİCARET A.Ş. 2,419,592 TOPRAKBANK A.Ş. (**) 33,720,000 TÜRK HAVA YOLLARI A.O. (**) 50,000,000 TÜRKİYE SINAİ KALKINMA BANKASI A.Ş. 16,000,000 HACI ÖMER SABANCI HOLDİNG A.Ş. (**) 125,000,000 MENSA MENSUCAT SANAYİ VE TİCARET A.Ş. (**) 1,700,000 BSH PROFİLO ELEKTRİKLİ GEREÇLER SANAYİİ A.Ş. 3,523,500 İŞ GENEL FİNANSAL KİRALAMA A.Ş. (****), IPO 6,000,000 İŞ GENEL FİNANSAL KİRALAMA A.Ş. 6,000,000 DOĞAN BURDA RİZZOLİ DERGİ YAYINCILIK VE PAZARLAMA A.Ş. (***) ,IPO 750,000 EGS HOLDİNG A.Ş. (****) ,IPO 75,000,000 DİRİTEKS DİRİLİŞ TEKSTİL SANAYİ VE TİCARET A.Ş. 360,000 BESAŞ BİRLEŞİK ESNAF VE SANATLARLARI G. T. VE TEKEL ÜR. SAN. TİC. A.Ş. 250,000 OSTİM ENDÜSTRİYEL YATIRIMLAR VE İŞLETME A.Ş. 150,000 TOPRAK FACTORİNG A.Ş. 2,270,700 TOPRAK FİNANSAL KİRALAMA A.Ş. 1,960,200 ADEL KALEMCİLİK TİCARET VE SANAYİ A.Ş. (*****) 500,000 TÜRK DEMİR DÖKÜM FABRİKALARI A.Ş. (*****) 10,000,000 İZOCAM A.Ş. (*****) 3,000,000 KAV DANIŞMANLIK PAZ. VE TİC. A.Ş. (*****) 6,435,000 TAT KONSERVE SANAYİ A.Ş. (*****) 7,000,000 NAME OF THE COMPANY 30(l) 5,149,000(l) 100,000 743 6,000 51,549 3,500 1,600 900 81 255 9,245 600 0 1,000,000 525,000 365,550 11,802,000 50,000,000 0 167,500,000 6,800,000 0 2,500,000 6,000,000(I) 112,500 25,000,000 329,087(III) 250,000 96,750(III) 0 0 55 400 101 29 2,000 NOMINAL MARKET VALUE 0 0 0 0 0 0 0 0 0 0 0 0 0 5,171,846 450,000 85,750 0 0 50,000,000 1,773,036 29,505,643 0 10,046,993 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11,350 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,201,687 4,586,868 0 0 0 0 0 29.02.2000 29.02.2000 10.02.2000 03.02.2000 03.02.2000 16.02.2000 16.02.2000 16.02.2000 16.02.2000 18.02.2000 17.02.2000 21.02.2000 25.02.2000 01.03.2000 07.03.2000 06.03.2000 03.03.2000 08.03.2000 08.03.2000 08.03.2000 08.03.2000 08.03.2000 08.03.2000 09.03.2000 09.03.2000 09.03.2000 09.03.2000 10.03.2000 23.03.2000 28.03.2000 31.03.2000 31.03.2000 08.03.2000 03.03.2000 03.03.2000 21.03.2000 28.03.2000 30 5,149,000 100,000 743 6,000 51,549 3,500 1,600 900 81 255 9,245 600 44,519,322 1,000,000 525,000 365,550 11,802,000 50,000,000 8,800,000 167,500,000 6,800,000 1,899,873 2,500,000 6,000,000 112,500 25,000,000 329,087 250,000 96,750 1,602,776 2,346,552 55 400 101 29 2,000 30 5,149,000 520,000 6,392 105,000 734,576 34,300 15,680 8,820 2,025 7,912 48,998 14,100 44,519,322 1,000,000 525,000 6,132,100 11,802,000 50,083,945 8,800,000 168,044,079 6,816,449 1,899,873 8,750,000 6,000,000 11,250,000 57,500,000 329,087 250,000 96,750 1,602,776 2,346,552 1,388 2,560 982 261 24,000 MARKET VALUE OF THE SALES REALISED (TL. Million) NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED 0 0 30 0 0 5,149,000 0 0 520,000 0 0 6,392 0 0 105,000 0 0 734,576 0 0 34,300 0 0 15,680 0 0 8,820 0 0 2,025 0 0 7,912 0 0 48,998 0 0 14,100 44,519,322 297,482 50,000,000 0 550,000 2,000,000 0 7,639,250 8,250,000 0 0 365,550 0 0 11,802,000 0 0 100,000,000 8,800,000 1,426,964 12,000,000 0 127,994,357 325,000,000 0 0 6,800,000 0 2,929,507 12,976,500 0 0 8,750,000 0 0 6,000,000 0 0 11,250,000 0 0 57,500,000 0 0 329,087 0 0 250,000 0 0 96,750 0 0 3,201,687 0 0 4,586,868 0 0 1,388 0 0 2,560 0 0 982 0 0 261 0 0 24,000 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE 30 5,149,000 520,000 6,392 105,000 734,576 34,300 15,680 8,820 2,025 7,912 48,998 14,100 0 1,000,000 525,000 365,550 11,802,000 50,000,000 0 167,500,000 6,800,000 0 8,750,000 6,000,000 11,250,000 57,500,000 329,087 250,000 96,750 0 0 1,388 2,560 982 261 24,000 CASH TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) Capital Markets Board of Turkey Annual Report 2000 33 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 ANADOLU GIDA SANAYİ A.Ş. (*****) ÇİMSA ÇİMENTO SANAYİ VE TİCARET A.Ş. (*****) VAKIF GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. FİNANS YATIRIM ORTAKLIĞI A.Ş.(**) OSMANLI GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.(**) İŞ YATIRIM ORTAKLIĞI A.Ş.(**) ŞEKER SİGORTA A.Ş. DİRİTEKS DİRİLİŞ TEKSTİL SANAYİ VE TİCARET A.Ş. TOPRAK FACTORİNG A.Ş. TOPRAK FİNANSAL KİRALAMA A.Ş. DEVA HOLDİNG A.Ş. (**) OSTİM ENERJİ OTOPRODÜKSİYON SANAYİ VE TİCARET A.Ş. İLTAŞ İLAÇ SANAYİ VE TİCARET A.Ş. SODA SANAYİİ A.Ş. (***) ,IPO SODA SANAYİİ A.Ş. (****) ,IPO SODA SANAYİİ A.Ş. GOLDAŞ KUYUMCULUK SANAYİ İTHALAT İHRACAT A.Ş. PARK TEKSTİL SANAYİ VE TİCARET A.Ş. (**) IYAŞ ISPARTA YATIRIM GIDA SANAYİ VE TİCARET A.Ş. ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ BATISÖKE SÖKE ÇİMENTO SANAYİ T.A.Ş. (****) ,IPO BATISÖKE SÖKE ÇİMENTO SANAYİ T.A.Ş. LOGO YAZILIM SANAYİ VE TİCARET A.Ş. (***) ,IPO LOGO YAZILIM SANAYİ VE TİCARET A.Ş. SABAH PAZARLAMA A.Ş. (**) ALTERNATİFBANK A.Ş. DİTAŞ DOĞAN YEDEK PARÇA İMALAT VE TEKNİK A.Ş. AKBANK T.A.Ş. AKSA AKRİLİK KİMYA SANAYİ A.Ş. ÇARŞI BÜYÜK MAĞAZACILIK A.Ş. (**) BORUSAN BİRLEŞİK BORU FABRİKALARI A.Ş. BOROVA YAPI ENDÜSTRİ A.Ş. BOLU ÇİMENTO SANAYİİ A.Ş. TÜRKİYE İŞ BANKASI A.Ş. (**) UŞAK SERAMİK SANAYİİ A.Ş. (**) SEZGİNLER GIDA SANAYİ VE TİCARET A.Ş. (***),IPO SEZGİNLER GIDA SANAYİ VE TİCARET A.Ş. NAME OF THE COMPANY 6,851,250 16,848,000 2,000,453 1,000,000 5,000,000 6,000,000 715,200 360,000 2,270,400 1,960,200 4,000,000 32,000 500,000 18,960,000 18,960,000 18,960,000 2,500,000 2,400,000 480,000 12,000,000 11,250,000 11,250,000 35,000 35,000 250,000 14,900,000 393,750 250,000,000 9,931,442 1,650,000 900,000 360,000 14,666,933 279,399,000 209,290 3,856,000 3,856,000 EXISTING CAPITAL 304 180 0 2,000,000 10,000,000 10,200,000 1,001,280 329,087(III) 0 0 8,000,000 14,000(I) 55,000 2,107,000 1,054,000 17,906,000(I) 0 4,800,000 480,000(III) 0 2,812,500 8,437,500(I) 121,000 35,000(I) 4,750,000 0 0 0 0 3,300,000 0 0 0 72,686,900 1,046,453 964,000 3,856,000(I) NOMINAL CASH 1,218 3,060 0 2,000,000 10,000,000 10,200,000 1,001,280 329,087 0 0 8,000,000 14,000 55,000 15,170,400 7,588,800 17,906,000 0 4,800,000 681,419 0 12,656,250 8,437,500 3,509,000 35,000 4,750,000 0 0 0 0 3,300,000 0 0 0 72,686,900 1,046,453 16,870,000 3,856,000 MARKET VALUE 0 0 0 0 0 0 549,867 0 0 0 3,845,953 0 0 0 0 0 0 2,400,000 0 1,700,000 0 0 143,000 0 0 2,562,461 0 28,796,000 0 0 4,860,000 560,000 6,535,586 85,200,000 682,643 0 0 28.03.2000 28.03.2000 01.03.2000 06.03.2000 22.03.2000 31.03.2000 03.04.2000 04.04.2000 04.04.2000 04.04.2000 04.04.2000 04.04.2000 06.04.2000 07.04.2000 07.04.2000 07.04.2000 07.04.2000 18.04.2000 20.04.2000 21.04.2000 21.04.2000 21.04.2000 21.04.2000 21.04.2000 21.04.2000 24.04.2000 24.04.2000 25.04.2000 25.04.2000 25.04.2000 26.04.2000 26.04.2000 26.04.2000 07.04.2000 27.04.2000 27.04.2000 27.04.2000 1,218 3,060 1,500,339 2,000,282 12,500,000 24,007,676 1,001,280 8,078,705 14,000 55,000 15,170,400 7,588,800 17,906,000 3,000,000 4,802,505 681,419 14,400,000 12,656,250 8,437,500 3,509,000 35,000 4,759,908 27,233,000 110,250 220,000,000 7,448,582 3,300,560 540,000 600,000 3,585,032 74,961,183 1,068,208 16,870,000 3,856,000 304 180 1,500,339 2,000,000 10,000,000 24,000,000 1,001,280 8,000,000 14,000 55,000 2,107,000 1,054,000 17,906,000 3,000,000 4,800,000 480,000 14,400,000 2,812,500 8,437,500 121,000 35,000 4,750,000 27,233,000 110,250 220,000,000 7,448,582 3,300,000 540,000 600,000 3,585,032 72,686,900 1,046,453 964,000 3,856,000 MARKET VALUE OF THE SALES REALISED (TL. Million) NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED 0 0 0 1,218 0 0 0 3,060 0 1,500,339 0 1,500,339 0 0 0 2,000,000 0 0 0 10,000,000 0 13,800,000 0 24,000,000 0 0 165,333 1,716,480 0 0 0 329,087 3,201,687 0 0 3,201,687 4,586,868 0 0 4,586,868 0 0 154,047 12,000,000 0 0 0 14,000 0 0 0 55,000 0 0 0 15,170,400 0 0 0 7,588,800 0 0 0 17,906,000 0 3,000,000 1,500,000 4,500,000 0 0 0 7,200,000 0 0 0 681,419 1,900,000 14,400,000 0 18,000,000 0 0 0 12,656,250 0 0 0 8,437,500 506,000 0 0 4,158,000 0 0 0 35,000 0 0 0 4,750,000 0 27,233,000 4,539 29,800,000 0 110,250 0 110,250 0 220,000,000 1,204,000 250,000,000 0 7,448,582 0 7,448,582 0 0 0 3,300,000 0 540,000 0 5,400,000 100,000 600,000 0 1,260,000 0 3,585,032 0 10,120,618 109,552,100 0 12,126,000 279,565,000 551,027 0 10,586 2,290,709 0 0 0 16,870,000 0 0 0 3,856,000 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) 34 Capital Markets Board of Turkey Annual Report 2000 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 ESGİMTAŞ ESNAF VE SANAT. G. VE İHT. MAD. TEM. TED. SAN. VE TİC. A.Ş. ODÖKSAN OSMANELİ DÖKÜM SANAYİ VE TİCARET A.Ş. UŞAK SERAMİK SANAYİİ A.Ş. (*****) T.ŞİŞE VE CAM FABRİKALARI A.Ş. (*****) AK YATIRIM ORTAKLIĞI A.Ş.(**) İŞ GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.(**) GÜNEŞ SİGORTA A.Ş. TEKSTİL BANKASI A.Ş. VAN YÜN İPLİĞİ SANAYİ VE TİCARET A.Ş. VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş. ÜNYE ÇİMENTO SANAYİ VE TİCARET A.Ş. (**) PETROL OFİSİ A.Ş. (**) OLMUKSA INTERNATİONAL PAPER-SABANCI AMB. SAN. VE TİC. A.Ş. (**) DESBAŞ İSTANBUL DERİ VE ENDÜSTRİ BÖLGE KURUCU VE İŞLETİCİSİ A.Ş. FİNANS FİNANSAL KİRALAMA A.Ş. KARSUSAN KARADENİZ SU ÜRÜNLERİ SANAYİ A.Ş. ASELSAN ELEKTRONİK SANAYİ VE TİCARET A.Ş. DEMİRBANK T.A.Ş. FİNANSBANK A.Ş. ALTINYAĞ KOMBİNALARI A.Ş. (****) ,IPO ALTINYAĞ KOMBİNALARI A.Ş. İZMİR DEMİR ÇELİK A.Ş. ZORLU ENERJİ ELEKTRİK ÜDEÜİK VE OTOPRODÜKTÖR GRUBU A.Ş. (****) ,IPO ZORLU ENERJİ ELEKTRİK ÜDEÜİK VE OTOPRODÜKTÖR GRUBU A.Ş. NET HOLDİNG A.Ş. (**) HEKTAŞ TİCARET T.A.S. (**) SINAİ YATIRIM BANKASI A.Ş. (****) ,IPO SINAİ YATIRIM BANKASI A.Ş. BİNGÖL HOLDİNG A.Ş. (****) ,IPO BİNGÖL HOLDİNG A.Ş. DERİMOD KONFEKSİYON AYAKKABI DERİ SANAYİ VE TİCARET A.Ş. (**) EGS EGE GİYİM SANAYİ VE DIŞ TİCARET A.Ş. (**) ALFA MENKUL DEĞERLER A.Ş. AYGAZ A.Ş. SELÇUK GIDA ENDÜSTRİ İHRACAT İTHALAT A.Ş. DENTAŞ AMBALAJ VE KAĞIT SANAYİİ A.Ş. (****) ,IPO CELİK HALAT VE TEL SANAYİİ A.Ş. NAME OF THE COMPANY 300,000 268,576 209,290 79,000,000 1,000,000 70,000,000 10,000,000 20,000,000 15,220 4,000,000 14,060,408 20,000,000 1,270,500 6,620 6,000,000 7,200 4,900,500 85,000,000 63,250,000 1,036,800 1,036,800 24,900,000 2,350,000 2,350,000 12,495,000 7,060,000 10,000,000 10,000,000 50,000 50,000 500,000 3,500,000 2,300,000 10,000,000 1,600,000 8,000,000 997,150 EXISTING CAPITAL 700,000 1,048,023 125 200 5,000,000 10,500,000 0 0 59,780 600,000 1,110,069 17,000,000 2,795,100 13,240 0 180,800 0 0 0 2,229,120 1,036,800(I) 9,960,000 7,650,000 2,350,000(I) 12,495,000 1,500,250 12,500,000 10,000,000(I) 250,000 50,000(I) 1,500,000 7,000,000 0 0 3,200,000 2,000,000 0 NOMINAL CASH 700,000 1,048,023 3,187 1,840 5,000,000 10,500,000 0 0 59,780 600,000 1,110,069 17,000,000 2,795,100 13,240 0 180,800 0 0 0 18,947,520 1,036,800 9,960,000 39,650,000 2,350,000 12,495,000 1,500,250 38,750,000 10,000,000 250,000 50,000 1,500,000 7,000,000 0 0 3,200,000 7,000,000 0 MARKET VALUE 70,355 1,747,350 0 0 0 0 1,000,000 1,750,000 0 5,000,000 0 0 877,492 0 683,400 0 0 0 7,671,788 0 0 0 0 2,849,188 6,000,000 0 0 389,306 64,000 2,450,250 9,857,622 3,650,107 0 0 27,390,000 0 27.04.2000 27.04.2000 04.04.2000 20.04.2000 27.04.2000 27.04.2000 02.05.2000 02.05.2000 02.05.2000 03.05.2000 03.05.2000 03.05.2000 08.05.2000 08.05.2000 09.05.2000 09.05.2000 10.05.2000 10.05.2000 17.05.2000 12.05.2000 12.05.2000 12.05.2000 12.05.2000 12.05.2000 15.05.2000 12.05.2000 15.05.2000 15.05.2000 16.05.2000 16.05.2000 17.05.2000 18.05.2000 18.05.2000 24.05.2000 25.05.2000 26.05.2000 26.05.2000 700,000 1,048,023 125 200 5,000,000 21,000,000 5,000,000 20,000,000 59,780 600,000 8,499,781 17,000,000 2,795,100 13,240 4,610,694 180,800 2,450,250 100,470,000 41,112,500 2,229,120 1,036,800 9,960,000 7,650,000 2,350,000 25,347,369 1,500,250 12,500,000 10,000,000 250,000 50,000 1,500,000 7,000,000 500,000 5,000,000 4,960,000 2,000,000 119,658 700,000 1,048,023 3,187 1,840 5,002,891 21,003,883 5,000,000 20,000,000 59,780 600,000 8,503,054 17,088,267 2,859,149 13,240 4,610,694 180,800 2,450,250 100,470,000 41,112,500 18,947,520 1,036,800 10,140,308 39,650,000 2,350,000 25,499,840 1,515,764 38,750,000 10,000,000 250,000 50,000 1,500,934 7,536,746 700,000 5,000,000 4,960,000 7,000,000 119,658 MARKET VALUE OF THE SALES REALISED (TL. Million) NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED 0 0 0 700,000 0 0 0 1,731,423 0 0 0 3,187 0 0 0 1,840 0 0 0 5,000,000 0 228,212 2,600,000 21,000,000 0 5,000,000 0 5,000,000 0 20,000,000 0 20,000,000 0 0 0 59,780 0 0 0 600,000 0 7,389,711 33,055 11,382,023 7,000,000 0 0 30,000,000 0 0 0 2,795,100 0 0 0 13,240 0 4,610,694 0 5,000,000 0 0 0 244,800 0 2,450,250 0 4,900,500 5,327,945 100,470,000 5,044,433 120,700,000 0 41,112,500 12,162,393 56,925,000 0 0 0 18,947,520 0 0 0 1,036,800 0 0 0 37,350,000 0 0 0 39,650,000 0 0 2,350,000 2,954,310 0 1,348,585 16,868,250 0 0 0 3,247,600 0 0 0 38,750,000 0 0 0 10,000,000 0 0 0 250,000 0 0 0 50,000 0 0 0 2,500,000 950,000 0 800,000 10,500,000 0 500,000 0 500,000 0 5,000,000 0 10,000,000 0 0 0 3,200,000 0 0 0 7,000,000 0 119,658 0 997,150 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) Capital Markets Board of Turkey Annual Report 2000 35 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 YAPI KREDİ BANKASI A.Ş. ACIBADEM SAĞLIK HİZMETLERİ VE TİCARET A.Ş. (****) ,IPO ACIBADEM SAĞLIK HİZMETLERİ VE TİCARET A.Ş. TUKAŞ TURGUTLU KONSERVECİLİK A.Ş. (**) İKTİSAT FİNANSAL KİRALAMA A.Ş. HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş. ARÇELİK A.Ş. YAPI KREDİ FİNANSAL KİRALAMA A.O. BEKO ELEKTRONİK A.Ş. AKSA AKRİLİK KİMYA SAN. A.Ş. (*****) NET TURİZM TİCARET VE SANAYİ A.Ş. (*****) TİRE KUTSAN OLUKLU MUKAVVA KUTU VE KAĞIT SANAYİ A.Ş. (*****) İHLAS FİNANS KURUMU A.Ş. (*****) FİNANSBANK A.Ş. (*****) BOSSA TİCARET VE SANAYİ İŞLETMELERİ T.A.Ş. (*****) ÇELEBİ HAVA SERVİSİ A.Ş. (*****) ÇELEBİ HAVA SERVİSİ A.Ş. (*****) ÇELEBİ HAVA SERVİSİ A.Ş. (*****) MUSTAFA YILMAZ YATIRIM ORTAKLIĞI A.Ş. ATLANTİS YATIRIM ORTAKLIĞI A.Ş. ALTERNATİF YATIRIM ORTAKLIĞI A.Ş. ECZACIBAŞI YATIRIM ORTAKLIĞI A.Ş. İHLAS GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. NUROL GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. VETAŞ VETERİNER VE TARIM İLAÇLARI A.Ş. MİGROS TÜRK T.A.Ş. VAKIF FİNANSAL KİRALAMA A.Ş. RAY SİGORTA A.Ş. BİDAŞ GIDA SANAYİ VE TİCARET A.Ş. TRANSTÜRK HOLDİNG A.Ş. (**) EGS EGESER GİYİM SANAYİ İÇ VE DIŞ TİCARET A.Ş. (**) İHLAS EV ALETLERİ İMALAT SANAYİ VE TİCARET A.Ş. SAYAT SAĞLIK YATIRIMLARI VE TİCARET A.Ş. OTOKAR OTOBÜS KAROSERİ SANAYİ A.Ş. MERAY YAĞ SANAYİİ VE TİCARET A.Ş. TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş. (**) DOĞAN YAYIN HOLDİNG A.Ş. NAME OF THE COMPANY 239,982,358 90,000 90,000 3,270,000 3,750,000 36,581,317 40,400,000 5,705,741 10,600,000 9,931,442 4,964,400 5,855,235 10,000,000 63,250,000 18,000,000 1,500,000 1,500,000 1,500,000 250,000 450,000 495,582 250,000 3,922,000 5,000,000 1,000,000 3,060,000 4,812,443 2,161,530 25,162 7,477,579 2,310,000 810,000 250,000 2,356,600 10,200 79,000,000 76,125,000 EXISTING CAPITAL 0 300,000 90,000(I) 490,500 1,500,000 0 0 0 0 436 47 16 400 632 100,000 700 600 700 87,500 112,500 1,238,955 625,000 1,961,000 5,000,000 500,000 0 0 0 298,212 7,477,580 2,310,000 0 250,000 0 61,200 4,000,000 0 NOMINAL CASH 0 9,000,000 90,000 490,500 1,500,000 0 0 0 0 12,667 456,000 129,362 2,800 2,781 550,000 31,850 27,300 31,850 0 0 0 0 0 0 500,000 0 0 0 298,212 7,477,580 2,310,000 0 250,000 0 61,200 4,000,000 0 MARKET VALUE 59,029,094 1,022,203 0 649,097 0 12,265,706 12,120,000 0 2,650,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 254,735 0 0 0 0 241,496 0 0 656,109 0 1,767,450 0 0 10,486,412 0 153,592,346 48,959,330 587,797 0 0 0 0 0 0 150,403 0 0 750,000 0 0 13,341,216 0 0 8,080,000 0 0 5,705,741 0 0 2,650,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 87,500 0 0 112,500 0 0 1,238,955 0 29,832 595,168 0 0 649,949 1,311,051 0 1,070,265 3,675,000 0 0 0 0 6,120,000 0 0 537,556 0 0 1,621,147 1,621,147 10,129 0 0 0 0 0 893,096 0 261,904 349,419 614,472 0 0 0 0 0 589,150 0 0 0 0 0 1,106,000 0 0 14,634,838 0 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) 261,580,770 10,610,000 90,000 1,290,000 2,250,000 25,606,922 20,200,000 5,705,741 5,300,000 12,667 456,000 129,362 2,800 2,781 550,000 31,850 27,300 31,850 87,500 112,500 1,238,955 625,000 1,961,000 5,000,000 500,000 6,120,000 537,556 3,242,294 549,837 7,477,580 3,465,000 1,620,000 250,000 2,356,600 61,200 5,106,000 25,121,250 29.05.2000 30.05.2000 30.05.2000 30.05.2000 30.05.2000 30.05.2000 31.05.2000 31.05.2000 31.05.2000 01.05.2000 15.05.2000 16.05.2000 24.05.2000 24.05.2000 25.05.2000 26.05.2000 26.05.2000 26.05.2000 08.05.2000 08.05.2000 12.05.2000 30.05.2000 02.05.2000 15.05.2000 01.06.2000 02.06.2000 02.06.2000 02.06.2000 02.06.2000 02.06.2000 02.06.2000 12.06.2000 02.06.2000 02.06.2000 02.06.2000 02.06.2000 02.06.2000 153,592,346 300,000 90,000 640,903 3,750,000 13,341,216 8,080,000 5,705,741 2,650,000 436 47 16 400 632 100,000 700 600 700 87,500 112,500 1,238,955 625,000 1,961,000 5,000,000 500,000 6,120,000 537,556 1,621,147 298,212 7,477,580 3,203,096 963,891 250,000 589,150 61,200 5,106,000 14,634,838 NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED 153,592,346 9,000,000 90,000 644,265 3,750,000 13,341,216 8,080,000 5,705,741 2,650,000 12,667 456,000 129,362 2,800 2,781 550,000 31,850 27,300 31,850 87,500 112,500 1,238,955 625,000 1,961,000 5,000,000 500,000 6,120,000 537,556 1,621,147 298,212 7,513,926 3,204,856 963,891 250,000 589,150 61,200 5,168,000 14,634,838 MARKET VALUE OF THE SALES REALISED (TL. Million) 36 Capital Markets Board of Turkey Annual Report 2000 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 EXISTING CAPITAL DENİZLİ CAM SANAYİ VE TİCARET A.Ş. (**) 400,000 ASİL ÇELİK SANAYİ VE TİCARET A.Ş. 5,379,784 DÖKTAŞ DÖKÜMCÜLÜK TİCARET VE SANAYİ A.Ş. (**) 4,800,000 ALTINYUNUS ÇEŞME TURİSTİK TESİSLERİ A.Ş. (**) 351,000 HALK SİGORTA T.A.Ş. 12,800,000 ELAZIG ALTINOVA ÇİMENTO SANAYİİ TİCARET A.Ş. 4,597,292 RANT FİNANSAL KİRALAMA A.Ş. (**) 2,700,000 MERKO GIDA SANAYİ VE TİCARET A.Ş. 2,037,712 İNTEMA İNŞAAT VE TESİSAT MALZEMELERİ YATIRIM VE PAZARLAMA A.Ş. 486,000 OSTİM ENERJİ OTOPRODÜKSİYON SANAYİ VE TİCARET A.Ş. 32,000 AKTENTAŞ AKSARAY TARIM END. TİCARET A.Ş. 65,812 İŞBİR ELEKTRİK SANAYİİ A.Ş. 1,333,200 SABAH YAYINCILIK A.Ş. 16,500,000 DENİZ KILAVUZLUK A.Ş. 5,000 İPEK MATBAACILIK SANAYİ VE TİCARET A.Ş. (****),IPO 1,000,000 İPEK MATBAACILIK SANAYİ VE TİCARET A.Ş. 1,000,000 ALBARAKA TÜRK ÖZEL FİNANS KURUMU A.Ş. 9,000,000 GÜMÜŞSUYU HALI VE YER KAPLAMALARI SANAYİ VE TİCARET A.Ş. (**) 4,500,000 GİMA GIDA VE İHTİYAÇ MADDELERİ T.A.Ş. 15,000,000 BAHAR GIDA MADDELERİ HAYVANCILIK İNŞAAT PAZ. TİC. VE SANAYİ A.Ş. 1,000,000 ECZACIBAŞI YATIRIM HOLDİNG ORTAKLIĞI A.Ş. 13,200,000 ECZACIBAŞI YAPI GEREÇLERİ SANAYİ VE TİCARET A.Ş. 2,000,000 AYEN ENERJİ A.Ş. (****) ,IPO 4,200,000 AYEN ENERJİ A.Ş. (***) ,IPO 4,200,000 AYEN ENERJİ A.Ş. 4,200,000 KAPLAMİN AMBALAJ SANAYİ VE TİCARET A.Ş. (**) 1,050,000 AK ENERJİ ELEKTRİK ÜRETİMİ OTOPRODÜKTÖR GRUBU A.Ş. (***),IPO 1,000,000 AK ENERJİ ELEKTRİK ÜRETİMİ OTOPRODÜKTÖR GRUBU A.Ş. 1,000,000 TÜRK PİRELLİ KABLO VE SİSTEMLERİ A.Ş. (**) 1,260,000 COMMERCİAL UNION SİGORTA A.Ş. 1,100,000 TURKCELL İLETİŞİM HİZMETLERİ A.Ş. 43,000,000 TURKCELL İLETİŞİM HİZMETLERİ A.Ş. (***) HA,IPO 240,000,000 AKTİF FİNANS FACTORİNG HİZMETLERİ A.Ş. 4,999,749 TOSYA GIDA SANAYİ A.Ş. 50,000 İHLAS FİNANS KURUMU A.Ş. (*****) 10,000,000 AKAL TEKSTİL SANAYİİ A.Ş. (*****) 2,359,426 YATIRIM FİNANSMAN YATIRIM ORTAKLIĞI A.Ş. 250,000 NAME OF THE COMPANY MARKET VALUE 1,700,000 5,379,785 2,400,000 789,750 2,200,000 986,479 0 7,754,380 262,866 0 105,300 0 14,542,800 215,000 0 0 2,000,000 4,500,000 0 21,279 0 1,403 0 0 0 0 9,915,567 0 0 0 44,250,000 0 0 0 0 0 0 0 0 0 0 0 422,417 0 45,515 0 0 0 0 0 0 0 0 0 0 0 0 0 138,013 0 0 0 0 0 0 0 400,000 0 0 0 0 0 0 312,500 280,000 0 0 0 10,000,000 0 1,755,000 0 223,134 0 0 0 1,957,200 0 0 0 0 0 0 0 6,600,000 359,494 0 0 0 0 0 0 0 2,500,000 0 0 0 0 0 0 0 0 0 350,956 0 0 0 0 0 0 0 0 0 0 0 0 0 1,090 0 0 0 0 284,433 0 2,116,800 0 0 0 0 0 0 0 0 0 0 0 0 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE 220,000 220,000 14,525,418 14,525,418 2,400,000 2,400,000 263,250 263,250 0 0 443,811 443,811 945,000 945,000 0 0 0 0 18,000(I) 18,000 39,487 39,487 466,800 466,800 0 0 30,000 30,000 400,000 5,300,000 1,000,000 1,000,000 9,000,000 9,000,000 2,250,000 2,250,000 10,000,000 10,000,000 1,978,721 1,978,721 0 0 0 0 230,000 11,040,000 435,000 20,880,000 3,765,000(I) 3,765,000 550,000 550,000 2,300,000 74,750,000 1,000,000(I) 1,000,000 403,200 403,200 0 0 152,750,000 152,750,000 26,400,000 1,161,600,000 250 250 50,000 50,000 80,000 560,000 500 11,375 312,500 312,500 NOMINAL CASH TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) 2,200,000 19,905,203 4,800,000 1,053,000 12,200,000 1,852,707 2,700,000 8,150,851 486,000 18,000 144,787 466,800 16,500,000 245,000 5,300,000 1,000,000 11,000,000 6,750,000 10,000,000 2,000,000 6,600,000 500,000 11,040,000 20,880,000 1,000,000 550,000 10,200,000 1,000,000 2,520,000 2,900,000 197,000,000 26,400,000 250 50,000 560,000 11,375 312,500 02.06.2000 05.06.2000 05.06.2000 06.06.2000 06.06.2000 08.06.2000 08.06.2000 07.06.2000 09.06.2000 09.06.2000 12.06.2000 12.06.2000 12.06.2000 15.06.2000 16.06.2000 16.06.2000 19.06.2000 19.06.2000 19.06.2000 20.06.2000 23.06.2000 23.06.2000 23.06.2000 23.06.2000 23.06.2000 26.06.2000 23.06.2000 23.06.2000 26.06.2000 28.06.2000 28.06.2000 28.06.2000 28.06.2000 29.06.2000 08.06.2000 12.06.2000 20.06.2000 MARKET VALUE OF THE SALES REALISED 500,000 503,834 13,673,507 13,673,507 2,400,000 2,558,023 263,250 281,229 10,000,000 10,000,000 443,812 443,812 2,700,000 2,700,252 45,515 45,515 223,134 223,134 18,000 18,000 39,487 39,487 466,800 466,800 1,957,200 1,957,200 30,000 30,000 400,000 5,825,000 1,000,000 1,000,000 9,000,000 9,000,000 2,250,000 2,251,027 10,000,000 10,017,458 1,978,722 1,978,722 6,600,000 6,600,000 359,494 359,494 230,000 11,040,000 435,000 20,880,000 3,765,000 3,765,000 550,000 573,877 2,300,000 74,750,000 1,000,000 1,000,000 403,200 435,911 2,851,999 2,851,999 213,600,000 213,600,000 26,400,000 1,161,600,000 251 251 50,000 50,000 80,000 560,000 500 11,375 312,500 312,500 NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED (TL. Million) Capital Markets Board of Turkey Annual Report 2000 37 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 VAKIF RİSK SERMAYESİ YATIRIM ORTAKLIĞI A.Ş. (****), IPO VAKIF RİSK SERMAYESİ YATIRIM ORTAKLIĞI A.Ş. ESCORT COMPUTER ELEKTRONİK SANAYİ TİCARET A.Ş. (****), IPO ESCORT COMPUTER ELEKTRONİK SANAYİ TİCARET A.Ş. KARADENİZ BAKIR İŞLETMELERİ A.Ş. BİL-MERTAŞ BİLECİK MERMERCİLİK SANAYİ TİCARET İHRACAT A.Ş. BİRLİK MENSUCAT TİCARET VE SANAYİ İŞLETMESİ A.Ş. (**) ASAD ENERJİ DAĞITIM SANAYİ VE TİCARET A.Ş. BANVİT BANDIRMA VİTAMİNLİ YEM SANAYİİ A.Ş. ANADOLU EFES BİRACILIK VE MALT SANAYİİ A.Ş. MENDERES TEKSTİL SANAYİ VE TİCARET A.Ş. (****), IPO MENDERES TEKSTİL SANAYİ VE TİCARET A.Ş. KALESERAMİK ÇANAKKALE KALEBODUR SERAMİK SANAYİ A.Ş. KALESERAMİK ÇANAKKALE KALEBODUR SERAMİK SANAYİ A.Ş. EGEPLAST EGE PLASTİK TİCARET VE SANAYİ A.Ş. (**) GİSAD DIŞ TİCARET A.Ş. TÜRKİYE KALKINMA BANKASI A.Ş. (**) GÜRYEM YEM SANAYİ VE TİCARET A.Ş. TEK-ART TURİZM A.Ş. (****) ,IPO TEK-ART TURİZM A.Ş. (***) ,IPO TEK-ART TURİZM A.Ş. GORBON IŞIL SERAMİK A.Ş. (*****) GORBON IŞIL SERAMİK A.Ş. (*****) EGS GAYRİMENKUL YAT.ORT.A.Ş. (**) BAYRAKTAR GAYRİMENKUL YAT.ORT.A.Ş. ,IPO BAYRAKTAR GAYRİMENKUL YAT.ORT.A.Ş. FAVORİ DİNLENME YERLERİ A.Ş.(****),IPO FAVORİ DİNLENME YERLERİ A.Ş. ÇBS PRİNTAŞ BASKI MÜREKKEPLERİ VE GEREÇLERİ A.Ş.(**) BESAŞ BİRLEŞİK ESNAF VE SANATKARLARI G. T. VE TEKEL ÜR. SAN.VE T.A.Ş. KONYA ÇİMENTO SANAYİİ A.Ş.(**) ANADOLU CAM SANAYİİ A.Ş. PINAR ENTEGRE ET VE UN SANAYİİ A.Ş. SELKİM SELÜLOZ KİMYA SANAYİ VE TİCARET A.Ş. MODERN KARTON SANAYİ VE TİCARET A.Ş. KİPA KİTLE PAZARLAMA TİCARET VE GIDA SAN.A.Ş.(**) KARDEMİR KARABÜK DEMİR ÇELİK SANAYİ VE TİCARET A.Ş.(****),IPO NAME OF THE COMPANY 250,000 250,000 1,375,000 1,375,000 12,500,000 15,000 4,131,000 1,000,000 6,000,000 12,000,000 1,850,000 1,850,000 17,057,727 17,057,727 600,000 700,000 29,778,681 12,500 800,000 800,000 800,000 288,000 288,000 10,000,000 1,000,000 1,000,000 5,000,000 5,000,000 95,000 500,000 2,436,720 8,170,000 3,675,000 28,800 10,000,000 3,364,861 30,000,000 EXISTING CAPITAL 187,500(I) 62,500 460,000 1,375,000(I) 1,750,000 136,500 826,200 1,000,000(III) 0 13,083,737(II) 350,000 1,850,000(I) 16,800,000(II) 27(I) 4,800,000 1,600,000 45,221,319 50,000 150,000 87,500 712,500(I) 42 22 16,000,000 6,800,000 750,000(IV) 1,500,000 5,000,000(I) 95,000 500,000 1,218,360 11,067,108 (II) 337,500 (II) 57,600 9,100,000 3,364,861 20,000,000 NOMINAL CASH 187,500 62,500 10,810,000 1,375,000 1,750,000 136,500 826,200 1,000,000 0 13,083,737 5,250,000 1,850,000 16,800,000 27 4,800,000 1,600,000 45,221,319 50,000 4,200,000 2,450,000 712,500 421 220 16,000,000 8,262,500 750,000 4,500,000 5,000,000 95,000 500,000 1,218,360 11,067,108 337,500 57,600 9,100,000 3,364,861 20,000,000 MARKET VALUE 0 0 0 0 0 78,389 1,239,300 0 0 0 0 0 0 0 0 3,472 0 25,000 0 0 0 0 0 0 0 0 0 0 0 492,115 1,218,360 78,389 1,239,300 28,800 900,000 168,399 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 600,000 450,361 0 0 0 0 0 0 0 15,973,970 0 0 0 0 0 7,885 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,800,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,218,360 0 0 0 2,800,000 0 0 0 0 0 0 0 10,111 0 0 0 0 0 0 0 0 0 246,167 0 0 0 0 0 0 0 8,026,030 0 0 0 0 2,280,000 0 0 10,111 0 0 0 2,187,004 0 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) 187,500 62,500 10,810,000 1,375,000 1,750,000 225,000 2,065,500 1,000,000 2,800,000 13,083,737 5,250,000 1,850,000 16,800,000 27 5,400,000 2,300,000 45,221,319 75,000 4,200,000 2,450,000 712,500 421 220 40,000,000 8,262,500 750,000 4,500,000 5,000,000 2,375,000 1,000,000 3,655,080 11,155,608 1,576,800 86,400 12,800,000 5,720,264 20,000,000 04.07.2000 04.07.2000 05.07.2000 07.07.2000 10.07.2000 10.07.2000 11.07.2000 11.07.2000 11.07.2000 11.07.2000 12.07.2000 12.07.2000 12.07.2000 18.07.2000 24.07.2000 27.07.2000 27.07.2000 27.07.2000 27.07.2000 06.07.2000 06.07.2000 20.07.2000 21.07.2000 21.07.2000 07.06.2000 07.06.2000 02.08.2000 02.08.2000 03.08.2000 03.08.2000 04.08.2000 07.08.2000 08.08.2000 09.08.2000 14.08.2000 19.06.2000 587,500 1,202,817 10,810,000 1,375,000 1,750,000 136,500 839,151 1,000,000 2,800,000 13,083,737 5,250,000 1,850,000 16,900,000 27 4,980,020 1,600,000 45,236,003 50,000 4,200,000 2,450,000 712,500 421 220 40,007,934 4,500,000 5,000,000 95,139 500,000 1,218,360 11,067,109 337,500 57,600 9,100,000 13,545,047 20,000,000 1,500,000 5,000,000 95,000 500,000 1,218,360 11,067,109 337,500 57,600 9,100,000 13,459,444 20,000,000 MARKET VALUE OF THE SALES REALISED 187,500 400,000 460,000 1,375,000 1,750,000 136,500 826,200 1,000,000 2,800,000 13,083,737 350,000 1,850,000 16,900,000 27 4,909,696 1,600,000 45,221,319 50,000 150,000 87,500 712,500 42 22 40,000,000 NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED (TL. Million) 38 Capital Markets Board of Turkey Annual Report 2000 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 KARDEMİR KARABÜK DEMİR ÇELİK SANAYİ VE TİCARET A.Ş. BETA ZİRAAT VE TİCARET A.Ş. GÖKKİRSAN GÖKLER KİREÇ SANAYİ VE TİCARET A.Ş. ŞEKERBANK T.A.Ş.(**) SÖNMEZ FİLAMENT SENTETİK İPLİK VE ELYAF SANAYİİ A.Ş.(**) KARADENİZ BAKIR İŞLETMELERİ A.Ş. FİNANSBANK A.Ş.(*****) ANADOLU GIDA SANAYİİ A.Ş.(*****) ALARKO GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. KALESERAMİK ÇANAKKALE KALEBODUR SERAMİK SANAYİ A.Ş. KARYEM KARAPINAR YEM SANAYİ VE TİCARET A.Ş. AKTİF FİNANS FACTORİNG HİZMETLERİ A.Ş. (**) SANKO PAZARLAMA İTHALAT İHRACAT A.Ş. (****) ,IPO SANKO PAZARLAMA İTHALAT İHRACAT A.Ş. (***) ,IPO SANKO PAZARLAMA İTHALAT İHRACAT A.Ş. REHBER BASIM YAYIN DAĞITIM REKLAMCILIK VE TİCARET A.Ş. VESTELNET ELEKTRONİK İLETİŞİM VE BİLGİLENDİRME A.Ş. BANVİT BANDIRMA VİTAMİNLİ YEM SANAYİİ A.Ş. BAŞYEM BAŞMAKÇI YEM SANAYİ VE TİCARET A.Ş. ADEL KALEMCİLİK TİCARET VE SANAYİ A.Ş. (*****) DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş. SÖNMEZ PAMUKLU SANAYİİ A.Ş. (**) KONİTEKS KONFEKSİYON ENDÜSTRİ VE TİCARET A.Ş. (**) GOLDAŞ KUYUMCULUK SANAYİ İTHALAT İHRACAT A.Ş. DEMİRBANK T.A.Ş. (**) BİLFAR HOLDİNG A.Ş. EGS FİNANSAL KİRALAMA A.Ş. (****),IPO EGS FİNANSAL KİRALAMA A.Ş. EGS HOLDİNG A.Ş. (**) LİNK BİLGİSAYAR SİS. YAZILIMI VE DONANIMI SAN. VE TİC. A.Ş. (****),IPO LİNK BİLGİSAYAR SİS. YAZILIMI VE DONANIMI SAN. VE TİC. A.Ş. ALKİM KAĞIT SANAYİ VE TİCARET A.Ş. (****),IPO ALKİM KAĞIT SANAYİ VE TİCARET A.Ş. FACTOFINANS ALACAK ALIMI A.Ş. (**) BALPAŞ BALIKESİR-PAMUKÇU TERMAL TURİZM VE TİCARET A.Ş. GESAŞ GENEL GIDA SANAYİİ VE TİCARET A.Ş. ARENA BİLGİSAYAR SANAYİ VE TİCARET A.Ş. (****) ,IPO NAME OF THE COMPANY 30,000,000 50,000 500,000 15,000,000 960,000 14,250,000 63,250,000 6,851,250 2,500 33,957,727 37,791 5,000,000 10,000,000 10,000,000 10,000,000 50,000 2,000,000 8,800,000 120,400 500,000 66,502,800 725,000 117,000 7,000,000 205,700,000 2,500,000 5,000,000 5,000,000 100,000,000 100,000 100,000 11,200,000 11,200,000 900,000 950,000 202,500 1,355,000 EXISTING CAPITAL 400(I) 381,612 1,000,000 8,700,000 960,000 6,260,000 (V) 119,076 0 0 10,000,000 86,919 1,250,000 1,500,000 1,375,000 8,625,000(I) 50,000 2,000,000(III) 226,000(V) 33,712 183 0 725,000 234,000 1,000,000(VI) 69,300,000 1,250,000 2,500,000 5,000,000(I) 80,000,000 374,635 100,000(I) 2,800,000 11,200,000(I) 420,000 550,000 93,750 645,000 NOMINAL CASH 400 381,612 1,000,000 8,700,000 960,000 6,260,000 532,936 0 0 10,000,000 86,919 1,250,000 24,000,000 22,000,000 8,625,000 50,000 2,000,000 226,000 33,712 5,861 0 725,000 234,000 1,000,000 69,300,000 1,250,000 6,500,000 5,000,000 80,000,000 3,941,835 100,000 9,380,000 11,200,000 420,000 550,000 93,750 7,395,000 MARKET VALUE 0 18,388 0 0 5,197,025 0 0 0 106,000 0 237,945 19,287 0 0 0 0 0 0 38,088 0 5,020,335 13,306,988 117,710 0 0 0 0 0 0 41,688 0 0 0 24,605 0 303,750 0 0 0 0 0 0 0 0 0 0 0 0 3,697,316 0 0 0 0 0 0 25,610 0 0 316,120 0 0 0 0 0 0 0 454,277 0 0 0 129,375 0 0 0 0 0 0 0 0 0 6,300,000 0 0 562,975 0 0 0 0 0 0 0 519,000 0 0 0 53,046 0 33,397 0 0 0 0 0 0 0 0 0 0 0 0 0 114 0 0 13,300,560 8,280,225 0 151,892 0 116,290 0 0 0 0 0 0 0 0 0 0 0 30,000,000 0 0 0 0 0 0 0 0 0 26,020 0 0 0 0 0 0 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III ITEMS OF CAPITAL INCREASE TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) 400 400,000 1,000,000 15,000,000 6,720,000 6,260,000 532,936 0 625,000 10,000,000 377,910 5,000,000 24,000,000 22,000,000 8,625,000 50,000 2,000,000 226,000 97,524 5,861 26,601,120 14,500,000 468,000 1,000,000 69,300,000 1,250,000 6,500,000 5,000,000 110,000,000 4,437,800 100,000 9,380,000 11,200,000 600,000 550,000 397,500 7,395,000 14.08.2000 22.08.2000 24.08.2000 24.08.2000 29.08.2000 29.08.2000 29.08.2000 22.08.2000 23.08.2000 05.09.2000 08.09.2000 14.09.2000 15.09.2000 15.09.2000 15.09.2000 19.09.2000 21.09.2000 21.09.2000 29.09.2000 29.09.2000 04.10.2000 04.10.2000 04.10.2000 05.10.2000 06.10.2000 09.10.2000 11.10.2000 11.10.2000 12.10.2000 13.10.2000 13.10.2000 13.10.2000 13.10.2000 13.10.2000 13.10.2000 13.10.2000 13.10.2000 400 381,612 1,000,000 15,000,000 960,000 6,260,000 119,076 0,04 625,000 10,000,000 86,919 3,098,658 1,500,000 1,375,000 8,625,000 50,000 2,000,000 226,000 33,712 183 13,300,560 725,000 234,000 1,000,000 69,300,000 1,250,000 2,500,000 5,000,000 80,000,000 374,635 100,000 2,800,000 11,200,000 420,000 550,000 93,750 645,000 NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED 400 381,612 1,000,000 15,008,000 963,674 6,260,000 532,936 0,04 625,000 10,000,000 86,919 3,098,777 24,000,000 22,000,000 8,625,000 50,000 2,000,000 226,000 34,620 5,861 13,300,560 725,140 234,000 1,000,000 69,300,000 1,250,000 6,500,000 5,000,000 80,082,630 3,941,835 100,000 9,380,000 11,200,000 420,000 550,000 93,750 7,395,000 MARKET VALUE OF THE SALES REALISED (TL. Million) Capital Markets Board of Turkey Annual Report 2000 39 TOTAL 4,183,470,244 ARENA BİLGİSAYAR SANAYİ VE TİCARET A.Ş. (***) ,IPO 1,355,000 ARENA BİLGİSAYAR SANAYİ VE TİCARET A.Ş. 1,355,000 ÖZULAŞ TOPLUTAŞIM SANAYİ VE TİCARET A.Ş. 2,790 BORUSAN BİRLEŞİK BORU FABRİKALARI A.Ş. (*****) 6,300,000 TÜRK HAVA YOLLARI A.O. (**) 150,000,000 KARADENİZ BAKIR İŞLETMELERİ A.Ş. 20,510,000 DENİZLİ YEM SANAYİ TİCARET A.Ş. 100,000 VAN YÜN İPLİĞİ SANAYİİ VE TİCARET A.Ş. 75,000 JANTSA JANT SANAYİİ VE TİCARET A.Ş. 415,800 BİSAŞ TEKSTİL SANAYİ VE TİCARET A.Ş. (*****) 1,800,000 BORUSAN BİRLEŞİK BORU FABRİKALARI A.Ş. (*****) 6,300,000 MİLPA TİCARİ VE SINAİ ÜRÜNLER PAZARLAMA SANAYİ VE TİCARET A.Ş. 9,123,840 UZ-YEM UZUNKÖPRÜ YEM VE YAĞ SANAYİ VE TİCARET A.Ş. 600,000 PARSAN MAKİNA PARÇALARI SANAYİ A.Ş. 1,440,000 KETAŞ GIDA SANAYİ VE TİCARET A.Ş. 50,000 TANSAŞ; İZMİR BÜYÜKŞEHİR BELEDİYESİ İÇ VE DIŞ TİCARET A.Ş. (**) 3,000,000 KALESERAMİK ÇANAKKALE KALEBODUR SERAMİK SANAYİ A.Ş. 43,957,727 VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş. 4,545,711 HAZNEDAR ATEŞ TUĞLA SANAYİİ A.Ş. 1,250,000 OKAN TEKSTİL SANAYİ VE TİCARET A.Ş. (**) 1,200,000 AYDIN TEKSTİL (İPLİK-DOKUMA VE KONFEKSİYON) İŞLETMELERİ A.Ş. 1,344,000 GENTAŞ GENEL METAL SANAYİ VE TİCARET A.Ş. 1,347,840 ALFA MENKUL DEĞERLER A.Ş. 2,800,000 BİSAŞ TEKSTİL SANAYİ VE TİCARET A.Ş. (*****) 1,800,000 BİSAŞ TEKSTİL SANAYİ VE TİCARET A.Ş. (*****) 1,800,000 BİSAŞ TEKSTİL SANAYİ VE TİCARET A.Ş. (*****) 1,800,000 İHLAS FİNANS KURUMU A.Ş. (*****) 10,000,000 EXISTING CAPITAL 2,325,000 1,280,000 2,790 1,809 12,500,000 8,935,000 400,000 325,000 170,478 573 276,000 0 300,000 0 300,000 12,000,000 6,000,000 0 0 2,400,000 1,008,000 0 300,470 538 1,135 538 2,250 MARKET VALUE 1,302,366,874 3,007,974,041 75,000 1,280,000(I) 2,790 197 12,500,000 8,935,000(V) 400,000 325,000 170,478 198 30,000 0 300,000 0 300,000 12,000,000 6,000,000 0 0 2,400,000 1,008,000 0 300,470(VII) 186 392 186 1,000 NOMINAL 568,964,280 0 0 0 0 12,500,000 0 0 0 525,428 0 0 942,029 50,000 2,736,000 200,000 1,500,000 0 7,705,183 220,000 2,400,000 336,000 2,021,760 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15,112 0 0 0 0 2,645,914 973,977 0 0 0 0 0 0 0 0 0 0 0 96,609,955 0 235,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,325,000 1,280,000 2,790 1,809 25,000,000 8,935,000 400,000 325,000 711,018 573 276,000 4,561,920 350,000 2,880,000 500,000 13,500,000 6,000,000 154,554,176 500,000 4,800,000 1,344,000 2,695,680 300,470 538 1,135 538 2,250 13.10.2000 13.10.2000 19.10.2000 04.10.2000 28.11.2000 28.11.2000 29.11.2000 30.11.2000 30.11.2000 06.11.2000 09.11.2000 01.12.2000 05.12.2000 05.12.2000 06.12.2000 07.12.2000 08.12.2000 11.12.2000 12.12.2000 13.12.2000 19.12.2000 19.12.2000 22.12.2000 07.12.2000 07.12.2000 07.12.2000 11.12.2000 2,325,000 1,280,000 2,790 1,809 0 8,935,000 0 325,000 0 573 276,000 2,645,914 300,000 90,238 0 0 0 50,239,038 45,000 2,400,000 0 673,920 3,400,000 538 1,135 538 2,250 2,234,776,144 3,983,150,132 75,000 1,280,000 2,790 197 0 8,935,000 0 325,000 0 198 30,000 2,645,914 300,000 90,238 0 0 0 50,239,038 45,000 2,400,000 0 673,920 300,470 186 392 186 1,000 MARKET VALUE OF THE SALES REALISED (TL. Million) NOMINAL VALUE OF TOTAL (*) REGISTRATION THE SALES VII DATE REALISED 220,375,432 798,404,418 386,908,668 3,769,599,339 0 0 0 0 0 0 0 0 0 0 0 0 0 144,000 0 0 0 50,239,038 45,000 0 0 673,920 0 0 0 0 0 STOCK REVALUATION RESERVES DIVIDEND OTHER FUND VI IV V III Footnotes: (*) VII=II+III+IV+V+VI (**) Shares left after the use of preemptive rights will be offered to the public at the ISE. (***) Public offering of the existing shares (****) Going public through capital increase (*****) Increase of public offering rate. (I) Registered capital with the nominal value of the company which was not registered before. (II) Registered capital of the company after merging. (III) Registered capital of the company after the shareholders exceeds 100. (IV) Registered capital of the company which was not registered before. TL. 750,0 billion of paid capital of the company registered with the Board. (V) Whole of the increased capital assigned to Privatization Administration. (VI) Total volume of increased capital assigned to foreign investors in abroad. (VII)The whole volume of increased capital was assigned to Safron Corporation AMD Partners, L.P. 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 NAME OF THE COMPANY CASH ITEMS OF CAPITAL INCREASE TABLE: 1 EQUITY ISSUES REGISTERED WITH THE BOARD (Cont.) TABLE : 2 - CORPORATE BONDS REGISTERED WITH THE BOARD NAME OF THE COMPANY FACTOFİNANS ALACAK ALIMI A.Ş. DATE VOLUME OF ISSUE (US DOLLAR) MARCH 2000 2,000,000 TABLE : 3 - BANK BILLS&BANK GUARANTED BILLS REGISTERED WITH THE BOARD NAME OF THE COMPANY NUROL YATIRIM BANKASI DATE VOLUME OF ISSUE (US DOLLAR) MAY 2000 20,000,000 TABLE : 4 - FOREIGN MUTUAL FUND PARTICIPATION CERTIFICATES ISSUES REGISTERED WITH THE BOARD NAME OF THE COMPANY AMERİCAN EXPRESS FUNDS 40 DATE VOLUME OF ISSUE (TL MILLION) MAY 2000 3,942,593 Capital Markets Board of Turkey Annual Report 2000 TABLE : 5 - MUTUAL FUND PARTICIPATION CERTIFICATES ISSUES REGISTERED WITH THE BOARD NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) JANUARY TEB YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B LIQUID FUND" YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B LIQUID FUND(ADDITION)" İŞ YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND(ADDITION)" DEMİR YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A EQUITY FUND" ECZACIBAŞI MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND (ADDITION)" TÜRKİYE GARANTİ BANKASI A.Ş. "TYPE B LIQUID FUND(ADDITION)" GLOBAL MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND" TÜRKİYE VAKIFLAR BANKASI T.A.O. "TYPE A PRIVATE VARIABLE INVESTMENT FUND" 400,000 1,000,000 6,000,000 2,000,000 200,000 136,000 1,000,000 1,000,000 FEBRUARY YATIRIM FİNANSMAN MENKUL DEĞERLER A.Ş. "TYPE B NOTES'N BOND FUND" YATIRIM FİNANSMAN MENKUL DEĞERLER A.Ş. "TYPE A RESAN PRIVATE FUND(ADDITION)" EGS YATIRIM MENKUL DEĞERLER A.Ş."TYPE B VARIABLE FUND(ADDITION)" TEB YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B NOTES'N BOND FUND" TEB YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A EQUITY FUND" MNG BANK A.Ş. "TYPE B VARIABLE FUND" MNG BANK A.Ş. "TYPE A VARIABLE FUND" YAPI KREDİ YATIRIM MENKUL DEĞ.A.Ş. "TYPE A FINANCIAL INSTITUTIONS SECTOR FUND(ADD.)" YAPI KREDİ YATIRIM MENKUL DEĞ.A.Ş. "TYPE A METAL SECTOR FUND(ADDITION)" YAPI KREDİ YATIRIM MENKUL DEĞ.A.Ş. "TYPE A FOOD-BEVERAGE SECTOR FUND(ADDITION)" YAPI KREDİ YATIRIM MENKUL DEĞ.A.Ş. "TYPE B LIQUID FUND(ADDITION)" EGS YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)" 500,000.0 1,000,000.0 250,000.0 400,000.0 400,000.0 350,000.0 350,000.0 500,000.0 500,000.0 800,000.0 2,000,000.0 1,000,000.0 Capital Markets Board of Turkey Annual Report 2000 41 NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) T.VAKIFLAR BANKASI T.A.O. "TYPE B NOTES'N BOND FUND(ADDITION)" T.VAKIFLAR BANKASI T.A.O. "TYPE B FOREING MUTUAL FUND(ADDITION)" T.VAKIFLAR BANKASI T.A.O. "TYPE A METAL SECTOR FUND(ADDITION)" T.VAKIFLAR BANKASI T.A.O. "TYPE A FINANCIAL INSTITUTIONS FUND(ADDITION)" T.VAKIFLAR BANKASI T.A.O. "TYPE B LIQUID FUND(ADDITION)"" T.VAKIFLAR BANKASI T.A.O."TYPE A EQUITY FUND(ADDITION)"" T.VAKIFLAR BANKASI T.A.O. "TYPE B VARIABLE FUND(ADDITION)" T.VAKIFLAR BANKASI T.A.O. "TYPE A FOOD-BEVERAGE SECTOR FUND(ADDITION)"" 20,000.0 5,000.0 200,000.0 200,000.0 130,000.0 5,000.0 60,000.0 200,000.0 MARCH EGE GİYİM SANAYİCİLERİ BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" EGE GİYİM SANAYİCİLERİ BANKASI A.Ş. "TYPE A BALANCED FUND(ADDITION)" YATIRIM FİNANSMAN MEN.DEĞ.A.Ş. "TYPE B VARIABLE FUND(ADDITION)" GLOBAL MEN.DEĞ.A.Ş. "TYPE A BALANCED FUND" KOÇBANK A.Ş."TYPE A ISE NATIONAL 30 FUND(ADDITION)" KOÇBANK A.Ş."TYPE A EQUITY FUND(ADDITION)"" ALFA MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)" ALFA MENKUL DEĞERLER A.Ş. "TYPE A EQUITY FUND(ADDITION)"" YAPI VE KREDİ BANKASI A.Ş. "TYPE A BALANCED FUND(ADDITION)"" AKBANK T.A.Ş. "TYPE A EQUITY FUND(ADDITION)"" ATA YATIRIM MENKUL KIYMETLER A.Ş. "TYPE A EQUITY FUND(ADDITION)"" ATA YATIRIM MENKUL KIYMETLER A.Ş. "TYPE B LIQUID FUND(ADDITION)"" T.C. ZİRAAT BANKASI "TYPE A VARIABLE FUND(ADDITION)"" GLOBAL MEN.DEĞ.A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" ZİRAAT YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" 42 Capital Markets Board of Turkey Annual Report 2000 750,000.0 750,000.0 1,000,000.0 1,750,000.0 800,000.0 800,000.0 500,000.0 2,000,000.0 4,500,000.0 2,000,000.0 900,000.0 5,000,000.0 20,000.0 50,000.0 750,000.0 NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) ECZACIBAŞI MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" HSBC BANK A.Ş. "TYPE B NOTES'N BOND FUND(ADDITON)" HSBC BANK A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" HSBC BANK A.Ş. "TYPE A EQUITY FUND(ADDITION)"" ACAR MENKUL KIYMETLER TİC.A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" YAPI VE KREDİ BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" YAPI KREDİ BANKASI A.Ş. "TYPE B LIQUID FUND(ADDITION)"" TÜRK EKONOMİ BANKASI A.Ş. "TYPE A BALANCED FUND(ADDITION)"" 800,000.0 4,650,000.0 4,000,000.0 4,650,000.0 2,000,000.0 24,000.0 40,000.0 300,000.0 APRIL YAPI KREDİ YATIRIM MEN.DEĞ.A.Ş. "TYPE A TEXTILE SECTOR FUND(ADDITION)" YAPI KREDİ YATIRIM MEN.DEĞ.A.Ş. "TYPE A HALK SİGORTA EQUITY FUND(ADDITION)" YAPI KREDİ YATIRIM MEN.DEĞ.A.Ş. "TYPE A EQUITY FUND(ADDITION)" YAPI KREDİ YATIRIM MEN.DEĞ.A.Ş. "TYPE A BALANCED FUND(ADDITION)" YAPI KREDİ YATIRIM MEN.DEĞ.A.Ş. "TYPE A VARIABLE FUND(ADDITION)" EVGİN MENKUL DEĞERLER A.Ş. "TYPE A BALANCED FUND(ADDITION)" T.İŞ BANKASI A.Ş." TYPE B NOTES'N BOND FUND(ADDITION)" T.İŞ BANKASI A.Ş. TYPE B LIQUID FUND(ADDITION)"" KENT YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND" KENT YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND" TEKSTİL BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" TÜRK EKONOMİ BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" BAYINDIR MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" EGS YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B LIQUID FUND(ADDITION)"" 800,000.0 1,500,000.0 1,250,000.0 1,500,000.0 2,500,000.0 250,000.0 300,000.0 200,000.0 1,000,000.0 2,000,000.0 30,000.0 600,000.0 1,500,000.0 750,000.0 Capital Markets Board of Turkey Annual Report 2000 43 NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) TEB YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B LIQUID FUND(ADDITION)"" AKBANK T.A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" AKBANK T.A.Ş. "TYPE B NOTES'N BOND FUND (ADDITION)" T.İŞ BANKASI A.Ş. "TYPE A ISE NATIONAL 30 FUND" TAIB YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" TAIB YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" ZİRAAT YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND" AKBANK T.A.Ş. "TYPE A VARIABLE FUND" YATIRIM FİNANSMAN MEN.DEĞ.A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" DEMİR YATIRIM MEN.DEĞ.A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" BİRLEŞİK TÜRK KÖRFEZ BANKASI A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" SINAİ YATIRIM BANKASI A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" YAPI KREDİ YATIRIM MEN.DEĞ.A.Ş. "TYPE B VARIABLE FUND" BANK KAPİTAL T.A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" TEB YATIRIM A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" TEKSTİL BANKASI A.Ş. "TYPE B LIQUID FUND(ADDITION)"" TEKSTİL BANKASI A.Ş. " TYPE A EQUITY FUND (ADDITION)" PAMUKBANK T.A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" PAMUKBANK T.A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" 1,600,000.0 600,000.0 60,000.0 5,000,000.0 100,000.0 250,000.0 500,000.0 530,000.0 1,000,000.0 1,000,000.0 1,000,000.0 2,000,000.0 530,000.0 500,000.0 500,000.0 80,000.0 80,000.0 25,000.0 1,500,000.0 MAY EGS EGE GİYİM SANAYİCİLERİ SİGORTA A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" OYAK MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND" KENTBANK A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" DEMİRBANK T.A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" OYAKBANK A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" SINAİ YATIRIM BANKASI A.Ş. "TYPE A BALANCED FUND" SINAİ YATIRIM BANKASI A.Ş. "TYPE B BALANCED FUND" T.C.ZİRAAT BANKASI "TYPE B VARIABLE FUND(ADDITION)"" T.C.ZİRAAT BANKASI "TYPE B LIQUID FUND(ADDITION)"" 44 Capital Markets Board of Turkey Annual Report 2000 1,000,000.0 2,000,000.0 1,000,000.0 60,000.0 250,000.0 750,000.0 750,000.0 100,000.0 200,000.0 NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) T.C. ZİRAAT BANKASI "TYPE B NOTES'N BOND FUND (ADDITION)" 300,000.0 ATA YATIRIM MENKUL KIYMETLER A.Ş. "TYPE A ISE NATIONAL 50 ENDEKSİ FUND 1,000,000.0 İKTİSAT YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A EQUITY FUND 3,000,000.0 YATIRIM FİNANSMAN MENKUL DEĞERLER A.Ş. "TYPE B NOTES'N BOND FUND (ADDITION)" 2,000,000.0 YATIRIM FİNANSMAN MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" 1,000,000.0 T.İŞ BANKASI A.Ş. "TYPE A ISE NATIONAL 30 FUND (ADDITION)" 45,000,000.0 GEDİK YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" 300,000.0 TÜRKİYE GARANTİ BANKASI A.Ş. "TYPE A BALANCED FUND(ADDITION)"" 294,000.0 TÜRKİYE GARANTİ BANKASI A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" 290,000.0 TÜRK EKONOMİ BANKASI A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" 250,000.0 AK YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A EQUITY FUND" 1,000,000.0 AKBANK T.A.Ş. "TYPE A SABANCI HOLDING'S SUBSIDIARIES FUND" 530,000.0 ETİBANK A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" 5,000,000.0 EGS YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A EGS FINANCE GROUP VARIABLE FUND(ADDITION)" 1,000,000.0 BİRLEŞİK TÜRK KÖRFEZ BANKASI A.Ş. "TYPE A BALANCED FUND" 5,000,000.0 KENT YATIRIM MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" 4,000,000.0 MEKSA MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" 1,500,000.0 KOÇ MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" 25,000,000.0 BAYINDIRBANK A.Ş. "TYPE A EQUITY FUND (ADDITION)" 2,000,000.0 BİRLEŞİK TÜRK KÖRFEZ BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" 500,000.0 JUNE ABN AMRO YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND(ADDITION)" ANADOLUBANK A.Ş. TYPE A EQUITY FUND 500,000.0 2,000,000.0 Capital Markets Board of Turkey Annual Report 2000 45 NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) ANADOLUBANK A.Ş. TYPE B VARIABLE FUND KALKINMA MENKUL DEĞERLER A.Ş. TYPE A BALANCED FUND İKTİSAT BANKASI T.A.Ş. TYPE A VARIABLE FUND(ADDITION)" ŞEKERBANK T.A.Ş. TYPE A VARIABLE FUND(ADDITION)" ŞEKERBANK T.A.Ş. TYPE B VARIABLE FUND(ADDITION)" MNG BANK A.Ş. TYPE B VARIABLE FUND(ADDITION)" MNG BANK A.Ş. TYPE A VARIABLE FUND(ADDITION)" EGS YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND(ADDITION)" SİTEBANK A.Ş. TYPE A VARIABLE FUND(ADDITION)" SÜMERBANK A.Ş. TYPE B NOTES'N BOND FUND (ADDITION) EKİNCİLER YAT.MEN.DEĞ.A.Ş. "TYPE B VARIABLE FUND(ADDITION)" ALTERNATİFBANK A.Ş. TYPE A VARIABLE FUND(ADDITION)" ALTERNATİFBANK A.Ş. TYPE B VARIABLE FUND(ADDITION)" GLOBAL MEN.DEĞ.A.Ş. TYPE B VARIABLE FUND(ADDITION)" GLOBAL MEN.DEĞ.A.Ş. TYPE A BALANCED FUND(ADDITION)" BENDER MEN.DEĞ.A.Ş. TYPE A VARIABLE FUND(ADDITION)" KOÇBANK A.Ş. "TYPE A METAL PRODUCT, MACHINERY SECTOR FUND KOÇBANK A.Ş. "TYPE B LIQUID FUND KOÇBANK A.Ş. "TYPE A HOLDINGS VE INVESTMENT COMPANY SECTOR FUND TEB YATIRIM MENKUL DEĞERLER A.Ş. "TYPE B LIQUID FUND(ADDITION)" TÜRKİYE SINAİ KALKINMA BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)" AKBANK T.A.Ş. TYPE A ISE 30 FUND 2,000,000.0 500,000.0 190,000.0 900,000.0 900,000.0 1,650,000.0 3,150,000.0 1,500,000.0 100,000.0 400,000.0 250,000.0 750,000.0 700,000.0 4,000,000.0 6,250,000.0 1,000,000.0 5,000,000.0 10,000,000.0 5,000,000.0 3,000,000.0 300,000.0 2,000,000.0 JULY TEB YATIRIM MEN.DEĞ.A.Ş. TYPE A EQUITY FUND (ADDITION) TEB YATIRIM MEN.DEĞ.A.Ş. TYPE B NOTES'N BOND FUND (ADDITION) DENİZBANK A.Ş. TYPE A VARIABLE FUND (ADDITION) YAPI KREDİ YATIRIM MEN.DEĞ.A.Ş. TYPE A METAL SECTOR FUND (ADDITION) TÜRKİYE KALKINMA BANKASI A.Ş. TYPE A VARIABLE FUND (ADDITION) TÜRKİYE KALKINMA BANKASI A.Ş. TYPE B VARIABLE FUND (ADDITION) 46 Capital Markets Board of Turkey Annual Report 2000 5,100,000.0 2,100,000.0 4,000,000.0 3,000,000.0 25,000.0 5,000.0 NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) TEKSTİL BANKASI A.Ş. TYPE A VARIABLE FUND 1,000,000.0 DEMİR YATIRIM MEN.DEĞ.A.Ş. TYPE A EQUITY FUND (ADDITION) 2,000,000.0 STRATEJİ MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)" 200,000.0 UB ULUSAL YATIRIM MEN.DEĞ.A.Ş. "TYPE A VARIABLE FUND(ADDITION)" 5,000,000.0 TOPRAKBANK A.Ş. TYPE A VARIABLE FUND(ADDITION)" 200,000.0 DEMİR YAT.MEN.DEĞ.A.Ş. TYPE A BALANCED FUND(ADDITION)" 5,000,000.0 DEMİRBANK T.A.Ş. TYPE B NOTES'N BOND FUND 30,000,000.0 ATA YATIRIM MEN.KIY.A.Ş. TYPE B FOREING MUTUAL FUND 1,000,000.0 ETİ MENKUL KIYMETLER A.Ş. TYPE B VARIABLE FUND 2,000,000.0 AKBANK T.A.Ş. "TYPE A SABANCI HOLDING'S SUBSIDIARIES FUND (ADDITION)" 4,470,000.0 AKBANK T.AŞ. TYPE A VARIABLE FUND (ADDITION) 4,470,000.0 MEKSA YATIRIM MENKUL KIYMETLER A.Ş. "TYPE A BALANCED FUND 530,000.0 TÜRKİYE GARANTİ BANKASI A.Ş. "TYPE B FOREING MUTUAL FUND 5,000,000.0 AUGUST BİRLEŞİK TÜRK KÖRFEZ BANKASI A.Ş. TYPE B NOTES'N BOND FUND 3,000,000.0 YAPI VE KREDİ BANKASI A.Ş. TYPE A EQUITY FUND 5,000,000.0 KOÇ MENKUL DEĞERLER A.Ş. TYPE A VARIABLE FUND 20,000,000.0 T.C.ZİRAAT BANKASI TYPE A BALANCED FUND 10,000,000.0 T.GARANTİ BANKASI A.Ş. TYPE B LIQUID FUND(ADDITION)" 136,000.0 T.KALKINMA BANKASI A.Ş. TYPE A BALANCED FUND 2,000,000.0 TÜRKİYE VAKIFLAR BANKASI T.A.O. TYPE A DAYVAK PRIVATE VARIABLE YATIRIM FUND 1,000,000.0 ALFA MENKUL DEĞERLER A.Ş. TYPE A ISE NATIONAL 30 FUND 1,500,000.0 TÜRKİYE SINAİ KALKINMA BANKASI A.Ş. TYPE A VARIABLE FUND 530,000.0 SEPTEMBER T.GARANTİ BANKASI A.Ş. TYPE A ISE NATIONAL 30 FUND DEMİR YATIRIM MENKUL DEĞERLER A.Ş. TYPE A INDUSTRIALS SECTOR FUND DEMİR YATIRIM MENKUL DEĞERLER A.Ş. TYPE A FINANCIAL INSTITUTIONS SECTOR FUND EVGİN YATIRIM MENKUL DEĞERLER TİCARETİ A.Ş. TYPE A VARIABLE FUND 10,000,000.0 2,000,000.0 2,000,000.0 2,650,000.0 Capital Markets Board of Turkey Annual Report 2000 47 NAME OF THE COMPANY VOLUME OF ISSUE (TL MILLION) T.GARANTİ BANKASI A.Ş. TYPE A DAYANIŞMA VAKFI PRIVATE FUND RİVA MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND(ADDITION)" ATA YATIRIM MENKUL KIYMETLER A.Ş. TYPE A VARIABLE FUND TEKFEN YATIRIM VE FİNANSMAN BANKASI A.Ş. TYPE A BALANCED FUND OSMANLI BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)" OSMANLI BANKASI A.Ş. "TYPE B LIQUID FUND(ADDITION)" GARANTİ YATIRIM MENKUL KIYMETLER A.Ş. TYPE A VARIABLE FUND GARANTİ YATIRIM MENKUL KIYMETLER A.Ş. TYPE B LIQUID FUND 1,100,000.0 1,000,000.0 2,000,000.0 1,000,000.0 6,000,000.0 8,000,000.0 2,500,000.0 2,500,000.0 OCTOBER GLOBAL MENKUL DEĞERLER A.Ş. TYPE A ISE NATIONAL 100 FUND FİNANSBANK A.Ş. TYPE A EQUITY FUND FİNANS YATIRIM MENKUL DEĞERLER A.Ş. TYPE A BALANCED FUND FİNANS YATIRIM MENKUL DEĞERLER A.Ş. TYPE A VARIABLE FUND BİRLEŞİK TÜRK KÖRFEZ BANKASI A.Ş. TYPE B NOTES'N BOND FUND (ADDITION) TÜRKİYE GARANTİ BANKASI A.Ş. TYPE B VARIABLE FUND(ADDITION)" 2,650,000.0 2,500,000.0 2,500,000.0 2,500,000.0 7,000,000.0 200,000.0 DECEMBER T.GARANTİ BANKASI A.Ş. "TSK MENS.ÇOCUKLARININ TAHS.YARDIM VAKFI TYPE A PRIVATE FUND YAPI KREDİ YAT.MEN.DEĞ.A.Ş. "TYPE A EQUITY FUND" TEKSTİL MENKUL DEĞERLER A.Ş. "TYPE A VARIABLE FUND" TEKSTİL MENKUL DEĞERLER A.Ş. "TYPE B VARIABLE FUND" YAPI KREDİ YAT.MEN.DEĞ.A.Ş. "TYPE A FINANCIAL INSTITUTIONS SECTOR FUND (ADDITION)" AKBANK T.A.Ş. "TYPE A BALANCED FUND" AKBANK T.A.Ş. "TYPE A FINANCIAL INSTITUTIONS SECTOR FUND" TÜRK TİCARET BANKASI A.Ş. "TYPE A BALANCED FUND" TÜRK TİCARET BANKASI A.Ş. "TYPE B LIQUID FUND" SINAİ YATIRIM BANKASI A.Ş. "TYPE A BALANCED FUND(ADDITION)"" SINAİ YATIRIM BANKASI A.Ş. "TYPE A VARIABLE FUND(ADDITION)"" SINAİ YATIRIM BANKASI A.Ş. "TYPE B VARIABLE FUND(ADDITION)"" 48 Capital Markets Board of Turkey Annual Report 2000 1,000,000.0 2,250,000.0 3,000,000.0 3,000,000.0 1,000,000.0 1,000,000.0 1,000,000.0 1,000,000.0 1,000,000.0 750,000.0 400,000.0 50,000.0 ANNEX : 3 INTERMEDIARIES Capital Markets Board of Turkey Annual Report 2000 49 50 Capital Markets Board of Turkey Annual Report 2000 Capital Markets Board of Turkey Annual Report 2000 51 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 NO. ABN AMRO YATIRIM MENKUL DEĞERLER A.Ş. ACAR MENKUL DEĞERLER A.Ş. AKDENİZ MENKUL DEĞERLER TİC. A.Ş. AKS MENKUL DEĞERLER A.Ş.(*) AKTİF MENKUL DEĞERLER A.Ş. ALAN YATIRIM MENKUL DEĞERLER A.Ş. ALFA MENKUL DEĞERLER A.Ş. ALTAY YATIRIM MENKUL DEĞERLER A.Ş.(*) ALTIN MENKUL DEĞERLER A.Ş. ARIGİL MENKUL DEĞERLER A.Ş. ARI MENKUL KIYMETLER A.Ş. ARTI MENKUL KIYMETLER A.Ş. (*) AS MENKUL KIYMETLER A.Ş.(6) ATA YATIRIM MENKUL KIYMETLER A.Ş. ATAONLINE MENKUL KIYMETLER A.Ş. AYBORSA MENKUL DEĞERLER TİC. A.Ş. B.A.B. MENKUL DEĞERLER TİC. A.Ş. BAHAR MENKUL DEĞERLER TİC.A.Ş. BARAN MENKUL DEĞERLER A.Ş. BAŞKENT MENKUL DEĞERLER VE YATIRIM . A.Ş. BAYINDIR MENKUL DEĞERLER A.Ş.(3) BENDER MENKUL DEĞERLER A.Ş. BOYUT MENKUL DEĞERLER A.Ş. BUMERANG MENKUL DEĞERLER A.Ş. CAMİŞ MENKUL DEĞERLER A.Ş. CAN MENKUL DEĞERLER A.Ş. CENSA MENKUL DEĞERLER A.Ş. ÇAĞDAŞ MENKUL DEĞERLER A.Ş. CITICORP MENKUL KIYMETLER A.Ş. ÇAĞRI MENKUL DEĞERLER A.Ş. DATA MENKUL KIYMETLER TİC. A.Ş. DATEK MENKUL DEĞERLER A.Ş. DEĞER MENKUL DEĞERLER A.Ş. DEHA MENKUL KIYMETLER A.Ş. DELTA MENKUL DEĞERLER A.Ş. DÜNYA MENKUL DEĞERLER A.Ş. ECZACIBAŞI MENKUL DEĞERLER A.Ş. INTERMEDIARIES 772,075 1,000,000 250,000 400,000 102,000 275,000 2,300,000 335,000 91,000 100,000 150,000 225,000 167,000 2,000,000 60,000 125,000 310,000 100,000 60,000 400,000 1,300,000 1,800,000 864,000 400,000 300,000 57,000 90,000 110,000 50,000 150,000 280,000 641,612 400,000 90,000 500,000 150,000 6,000,000 İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL ANKARA İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * REPO * * * * * * * * * * * TYPE OF LICENCE PORTFOLIO INVESTMENT MANAGEMENT CONSULTANCY * * * * * * PAID in CAPITAL (TL.MILLION) HEAD OFFICE BROKERAGE UNDERWRITING LIST : A - PAID IN CAPITAL AND TYPE OF LICENCES OF INTERMEDIARIES * * * * * * * * * * * * * * * * * MARGIN GOLD TRADING FUTURES 52 Capital Markets Board of Turkey Annual Report 2000 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 NO. EGEMEN MENKUL KIYMETLER A.Ş. EKİNCİLER YATIRIM VE MENKUL DEĞERLER A.Ş. EKOL MENKUL DEĞERLER A.Ş. ENTEZ MENKUL DEĞERLER A.Ş. ERCİYES MENKUL DEĞERLER A.Ş.(*) EVGİN YATIRIM MENKUL DEĞERLER TİC. A.Ş. FORM MENKUL DEĞERLER A.Ş. GARANTİ YATIRIM MENKUL KIYMETLER A.Ş.(4) GEDİK YATIRIM MENKUL DEĞERLER A.Ş. GFC GENERAL FİNANS MENKUL DEĞERLER A.Ş. GLOBAL MENKUL DEĞERLER A.Ş. GÜNEY MENKUL DEĞERLER A.Ş. GÜVEN MENKUL DEĞERLER A.Ş. HAK MENKUL KIYMETLER A.Ş. HEDEF MENKUL DEĞERLER A.Ş. IŞIKLAR MENKUL KIYMETLER A.Ş. İNFO MENKUL DEĞERLER A.Ş. İSTANBUL YATIRIM MENKUL DEĞERLER A.Ş.(*) KARON MENKUL KIYMETLER A.Ş. MARBAŞ MENKUL DEĞERLER A.Ş. MED MENKUL DEĞERLER A.Ş. MEKSA MEN.DEĞ. TİC. A.Ş. MENKA MENKUL DEĞERLER TİC. A.Ş. MERKEZ MENKUL DEĞERLER A.Ş. MURAD KURAN MENKUL DEĞERLER TİC. A.Ş. NUROL MENKUL KIYMETLER A.Ş.(5) OYAK MENKUL DEĞERLER A.Ş.(2) ÖNCÜ MENKUL DEĞERLER A.Ş. ÖNER MENKUL KIYMETLER A.Ş. PARK-RAYMOND JAMES YATIRIM MENKUL KIYMETLER A.Ş. PAY MENKUL DEĞERLER A.Ş. PİRAMİT MENKUL KIYMETLER A.Ş. POLEN MENKUL KIYMETLER A.Ş. PRESTİJ MENKUL DEĞERLER A.Ş. PRİM MENKUL DEĞERLER A.Ş. REEL MENKUL DEĞERLER A.Ş. RİVA MENKUL DEĞERLER A.Ş. INTERMEDIARIES 160,000 400,000 300,000 250,000 250,000 562,500 298,750 1,000,000 250,000 850,836 8,750,000 232,902 100,000 1,000,000 149,500 825,000 1,500,000 2,950,000 320,000 120,000 200,000 3,000,000 200,000 600,000 280,000 1,000,000 1,400,000 292,500 100,000 1,984,000 120,000 561,577 600,000 160,000 60,000 422,130 972,095 İZMİR İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * TYPE OF LICENCE PORTFOLIO INVESTMENT MANAGEMENT CONSULTANCY * * PAID in CAPITAL (TL.MILLION) HEAD OFFICE BROKERAGE UNDERWRITING LIST : A - PAID IN CAPITAL AND TYPE OF LICENCES OF INTERMEDIARIES * * * * * * * * * * * * * * * * REPO * * * * * * * * * * * * * * * * * * * * * * * * * * * * * MARGIN GOLD TRADING FUTURES Capital Markets Board of Turkey Annual Report 2000 53 (6) Brokerage licence for trading outside of the ISE. (5) All the domestic branches of Nurol Yat›r›m Bank A.Ş. are working order as an agency. (4) All the domestic branches of B.Türk Körfezbank A.Ş. are working order as an agency. (3) All the domestic branches of Bay›nd›rbank A.Ş. are working order as an agency. All the domestic branches of Oyakbank A.Ş. are working order as an agency. * * * * * * * * * * * * * * (2) İSTANBUL İSTANBUL İSTANBUL ANKARA İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL İSTANBUL Temporarily closed. 972,095 70,000 182,500 617,281 100,000 750,000 750,000 140,000 126,200 500,000 800,000 250,000 6,000,000 2,000,000 66,912,458 * * * * * * * * * * * * * * * * TYPE OF LICENCE PORTFOLIO INVESTMENT MANAGEMENT CONSULTANCY * PAID in CAPITAL (TL.MILLION) HEAD OFFICE BROKERAGE UNDERWRITING (*) RİVA MENKUL DEĞERLER A.Ş. SAN MENKUL DEĞERLER A.Ş. SAYILGAN MENKUL DEĞERLER TİC. A.Ş. SOYMEN MENKUL KIYMETLER A.Ş. STOK MENKUL DEĞERLER A.Ş. STRATEJİ MENKUL DEĞERLER A.Ş. TACİRLER MENKUL DEĞERLER A.Ş. TAKSİM MENKUL DEĞERLER A.Ş. TEZAL MENKUL DEĞERLER A.Ş. TOROS MENKUL KIYMETLER TİC. A.Ş. ULUS MENKUL DEĞERLER A.Ş.(*) ÜNİVERSAL MENKUL DEĞERLER A.Ş. YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş. YATIRIM FİNANSMAN MENKUL DEĞERLER A.Ş. TOTAL: Footnote: 74 75 76 77 78 79 80 81 82 83 84 85 86 87 NO. INTERMEDIARIES LIST : A - PAID IN CAPITAL AND TYPE OF LICENCES OF INTERMEDIARIES * * * * * * REPO * * * * * * * * MARGIN GOLD TRADING FUTURES 54 Capital Markets Board of Turkey Annual Report 2000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 NO. ADA MENKUL DEĞERLER A.Ş. AK YATIRIM MENKUL DEĞERLER A.Ş. (*) ALTERNATİF MENKUL KIYMETLER A.Ş. (*) ANADOLU YATIRIM MENKUL KIYMETLER A.Ş.(*) CHASE MANHATTAN MENKUL DEĞERLER A.Ş. DEMİR YATIRIM MENKUL DEĞERLER A.Ş. (*) DENİZ YATIRIM MENKUL KIYMETLER A.Ş.(*) DIŞ YATIRIM MENKUL DEĞERLER A.Ş. (*) EGS YATIRIM MENKUL DEĞERLER A.Ş. (*) EGE YATIRIM MENKUL DEĞERLER A.Ş. (*) (**) EKSPRES YATIRIM VE MENKUL DEĞERLER A.Ş. ES MENKUL DEĞERLER YATIRIM A.Ş.(*) ETİ MENKUL KIYMETLER A.Ş.(*) FİNANS YATIRIM MENKUL DEĞERLER A.Ş.(*) HALK YATIRIM MENKUL DEĞERLER A.Ş.(*) HSBC MENKUL DEĞERLER A.Ş. (*) İKTİSAT YATIRIM MENKUL DEĞERLER A.Ş. (*) İNTER YATIRIM MENKUL DEĞERLER A.Ş. (*) (**) İŞ YATIRIM MENKUL DEĞERLER A.Ş. (*) K YATIRIM MENKUL DEĞERLER A.Ş.(*) (**) KALKINMA MENKUL DEĞERLER A.Ş. (*) KENT YATIRIM VE MENKUL DEĞERLER A.Ş. (*) (**) KOÇ MENKUL DEĞERLER A.Ş. (*) MNG MENKUL KIYMETLER YATIRIM A.Ş.(*) OB MENKUL DEĞERLER A.Ş. OKAN YATIRIM MENKUL KIYMETLER A.Ş.(*) PAMUK YATIRIM MENKUL DEĞERLER A.Ş.(*) SINAİ YATIRIM MENKUL DEĞERLER A.Ş. SİTE YATIRIM MENKUL DEĞERLER A.Ş.(*) SÜMER YATIRIM MENKUL DEĞERLER A.Ş. (*) ŞEKER YATIRIM MENKUL DEĞERLER A.Ş. (*) (**) TARİŞ YATIRIM MENKUL DEĞERLER A.Ş. (*) TAIB YATIRIM MENKUL DEĞERLER A.Ş. (*) (***) TAT MENKUL DEĞERLER A.Ş. TEKSTİL MENKUL DEĞERLER A.Ş. (*) TEB YATIRIM MENKUL DEĞERLER A.Ş.(*) TEKFEN MENKUL KIYMETLER A.Ş. INTERMEDIARIES 500,000 2,250,000 2,000,000 600,000 250,000 2,500,000 600,000 2,250,000 3,000,000 4,300,000 600,000 680,000 1,000,000 5,000,000 1,000,000 225,000 2,999,800 1,000,000 7,000,000 325,000 1,750,000 4,000,000 2,250,000 675,000 1,000,000 800,000 900,000 650,000 720,000 500,000 1,000,000 625,000 400,000 225,000 1,200,000 3,200,000 700,000 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * TYPE OF LICENCE PORTFOLIO INVESTMENT MANAGEMENT CONSULTANCY * * * * * * * * * * * * * * * * * * * * * * * * PAID in CAPITAL (TL.MILLION) HEAD OFFICE BROKERAGE UNDERWRITING LIST : B - INTERMEDIARIES ESTABLISHED BY THE BANKS * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * REPO MARGIN GOLD TRADING FUTURES Capital Markets Board of Turkey Annual Report 2000 55 TİCARET YATIRIM MENKUL DEĞERLER A.Ş. (*) TOPRAK MENKUL DEĞERLER A.Ş.(*) TSKB MENKUL DEĞERLER A.Ş.(*) TURKISH YATIRIM A.Ş. (*) UB ULUSAL YATIRIM MENKUL KIYMETLER A.Ş. (*) VAKIF YATIRIM MENKUL DEĞERLER A.Ş. (*) YAŞAR YATIRIM MENKUL DEĞERLER A.Ş. (*) (**) YURT MENKUL DEĞERLER VE YATIRIM A.Ş.(*) ZİRAAT YATIRIM VE MENKUL DEĞERLER A.Ş. TOTAL: * * * * * * * * * * * * (****)Temporarily closed. (***) Liasion office in Zonguldak and İzmir. * * * * * * * * * TYPE OF LICENCE PORTFOLIO INVESTMENT MANAGEMENT CONSULTANCY * * Some of the domestic branches of the bank working order as a branch of the intermediaries. * * * * * * * * * (**) * * * * * * * * * All the domestic branches of the bank working order as an agency, 450,000 1,000,000 450,000 520,000 2,000,000 1,500,000 1,000,000 988,750 2,500,000 69,083,550 PAID in CAPITAL (TL.MILLION) HEAD OFFICE BROKERAGE UNDERWRITING (*) Footnotes: 38 39 40 41 42 43 44 45 46 NO. INTERMEDIARIES LIST : B - INTERMEDIARIES ESTABLISHED BY THE BANKS (Cont.) * * * * * * * * * REPO MARGIN GOLD TRADING FUTURES 56 Capital Markets Board of Turkey Annual Report 2000 ANNEX : 4 TABLES Capital Markets Board of Turkey Annual Report 2000 57 58 Capital Markets Board of Turkey Annual Report 2000 TABLE: 1- BALANCE OF PAYMENTS A. Current Account Merchandise Exports Merchandise Imports Trade Balance Other Goods and Services (Cred) Other Goods and Services (Debit) Total Goods and Services Workers Remittances Other Transfers Official Transfers Current Account Balance B. Capital Account Direct Investment Portfolio Investment Other Short Term Capital C. Errors and Omissions D. Total Change in Reserves ($ Million) 1995 1996 1997 1998 1999 2000 21.975 -35.187 -13.212 16.094 -9.717 -6.835 3.425 0 1.071 -2.339 4.643 772 237 -79 3.713 2.354 -4.658 32.446 -43.028 -10.582 14.628 -10.930 -6.884 3.892 0 555 -2.437 8.763 612 570 1.636 5.945 -1.781 -4.545 32.647 -48.005 -15.358 21.273 -13.419 -7.504 4.552 0 314 -2.638 8.737 554 1.634 4.788 1.761 -2.755 -3.344 31.220 -45.440 -14.220 25.802 -15.325 -3.743 5.568 0 159 1.984 448 573 -6.711 3.985 2.601 -1.985 -447 29.326 -39.773 -10.447 18.748 -14.840 -6.539 4.813 0 362 -1.364 4.671 138 3.429 345 759 1.899 -5.206 31375 -53712 -22337 22320 -14975 -14992 5011 214 -9767 9445 112 1022 4276 4035 -2675 2997 Source: SIS, Central Bank (1) Including shuttle trade TABLE : 2 - EXCHANGE RATES EXCHANGE RATES* Year 1995 1996 1997 1998 1999 2000 US DOLLAR Year end Yearly avg. 61.208 45.869 107.775 81.591 205.245 152.409 313.475 261.488 541.401 420.710 673.384 625.208 D MARK Year end 42.707 69.247 114.515 187.790 277.838 317.027 Yearly avg. 32.052 54.117 87.565 149.379 228.258 294.160 Source: Central Bank * bid/ask average Capital Markets Board of Turkey Annual Report 2000 59 TABLE : 3 - FOREIGN DEBT TOTAL SHORT TERM MEDIUM-LONG TERM COMPOSITION OF BORROWERS MEDIUM-LONG TERM Public Sector Central Bank Private Sector SHORT TERM Central Bank Commercial Banks Other ($ Million) 1996 1997 1998 1999 2000 79571 17345 62226 84797 18047 66750 96897 21217 75680 103025 23472 79553 114325 28912 85413 62226 40209 11389 10628 17345 984 8419 7942 66750 39349 10868 16533 18047 889 8503 8655 75680 40491 12073 23116 21217 905 11159 9153 79553 43452 10312 25789 23472 686 13172 9614 85413 47165 13398 24850 28912 653 16900 11359 Source: Central Bank TABLE : 4- CONSOLIDATED BUDGET 1-EXPENDITURES Non interest expenditures A. Current Expenditures -Personnel -Other B. Investments C. Transfers -Interest Payments Interest on domestic debt Interest on foreign debt -Social Security -Other 2-INCOME A-General Budget Income -Tax income -Non tax incme - Special sources and funds B- Annexed Budget Income 3- BUDGET DEFICIT 4- PRIMARY DEFICIT 5- CASH BALANCE (TL Billion) 1996 1997 1998 1999 2000 3.961.308 2.463.907 1.286.240 974.148 312.092 255.356 2.419.712 1.497.401 1.329.087 168.314 335.300 587.011 2.727.958 2.684.968 2.244.094 159.990 280.884 42.990 -1.233.350 264.051 -1.263.192 8.050.252 5.772.335 2.788.298 2.073.140 715.158 640.134 4.621.820 2.277.917 1.977.967 299.950 760.000 1.583.903 5.815.099 5.726.932 4.745.484 404.679 576.769 88.167 -2.235.153 42.764 -2.027.889 15.614.441 9.437.846 5.187.840 3.871.005 1.316.835 999.320 9.427.281 6.176.595 5.629.514 547.081 1.400.000 1.850.686 11.811.065 11.635.611 9.228.596 1.221.530 1.185.485 175.454 -3.803.376 2.373.219 -3.486.812 28.084.685 17.363.845 9.172.790 6.911.927 2.260.863 1.544.427 17.367.468 10.720.840 9.824.622 896.218 2.750.000 3.896.628 18.933.065 18.657.677 14.802.280 1.883.461 1.971.936 275.388 -9.151.620 1.569.220 -8.991.863 46.602.627 26.162.765 13.593.463 9.982.149 3.611.314 2.472.317 30.536.847 20.439.862 18.791.862 1.648.000 3.225.685 6.871.300 33.756.437 33.290.446 26.514.127 3.486.275 3.290.044 465.991 -12.846.190 7.593.672 -12.027.701 Source: Ministry of Finance 60 Capital Markets Board of Turkey Annual Report 2000 TABLE : 5 - PRICE MOVEMENTS WPI CPI Year (1994=100) % Change (1994=100) % Change 1995 223,1 - 239,6 76.0 1996 412,5 84.9 430,7 79.8 1997 787,7 91.0 857,5 99.1 1998 1215,1 54.3 1455,4 69.7 1999 1979,5 62.9 2456,6 68.8 2000 2626,0 32,7 3415,5 39,0 Source: SIS TABLE : 6 - CAPACITY UTILIZATION RATIO AND PRODUCTION INDEX FOR THE MANUFACTURING INDUSTRY Year CAPACITY UTILIZATION RATIO PRODUCTION INDEX (1997=100) 1996 78,5 90,0 1997 79,3 100,1 1998 76,5 100,9 1999 72,4 95,8 2000 76,0 100,9 Source: SIS TABLE : 7 - BANKNOTES IN CIRCULATION Year AS OF END OF PERIOD (TL. Billion) % CHANGE 1996 382.243 70,7 1997 758.878 98,5 1998 1.328.542 75,1 1999 2.390.748 80,0 2000 3.772.411 57,8 Source: Central Bank Capital Markets Board of Turkey Annual Report 2000 61 TABLE : 8 - MONEY STOCK (TL Billion) 1996 M1 Currency in circulation Sight deposits M2 (M1 + Time deposits) Time deposits (savings) M2Y (M2 + F/X deposits) Foreign Exchange deposits M3 (M2 + Official deposits + Other) Official deposits Other dep. with the Central Bank 1997 1998 1999 2000 896.855 1.581.210 319.024 610.871 577.831 970.339 2.924.894 5.658.800 2.028.039 4.077.590 5.373.710 10.664.058 2.448.816 5.005.258 3.159.688 6.139.428 165.738 221.367 69.056 259.261 2.562.479 1.057.864 1.504.615 11.423.199 8.860.720 20.212.651 8.789.452 12.037.539 364.531 249.809 4.272.018 1.887.153 2.384.865 21.992.654 17.720.636 40.153.557 18.160.903 23.024.065 796.961 234.450 8.209.624 3.214.550 4.995.074 32.812.563 24.602.939 57.167.429 24.354.866 34.479.701 1.256.923 410.215 Source: Central Bank TABLE : 9 - FINANCIAL ASSETS (Stock Values) 1996 I.BANKING AND SFH Sight deposits Time deposits Official deposits F/X deposits Special Finance Houses (SFH) II. CAPITAL MARKETS PUBLIC SECTOR Government bonds Treasury bills Revenue Sharing Certificates F/X indexed bonds Privatization bonds CORPORATE SECTOR Shares Bonds Commercial paper Asset Backed Securities Bank bills Profit/Loss sharing certificates Real estate certificates TOTAL 1997 1998 1999 2000 5.369.784 10.614.877 577.831 970.339 2.028.039 4.077.590 165.738 221.367 2.448.816 5.005.258 149.360 340.323 3.290.300 7.024.520 2.848.909 6.093.227 1.250.154 3.570.811 1.527.837 2.374.990 4.457 13.660 52.801 147.426 441.391 931.293 424.725 909.295 2.719 3.897 2.880 2.200 8.011 13.150 327 22 15 15 2.714 2.714 8.660.084 17.639.397 20.205.487 1.504.615 8.860.720 364.531 8.789.452 686.169 13.687.952 11.789.178 5.771.980 5.840.906 40.483.921 2.384.865 17.720.636 796.961 18.160.903 1.420.556 27.098.590 23.302.854 19.683.393 3.236.753 54.611.465 3.567.287 21.742.683 1.204.709 26.233.324 1.863.462 43.670.202 36.802.214 34.362.937 2.057.684 176.292 1.898.774 1.885.946 5.494 382.708 3.795.736 3.793.195 2.533 381.593 6.867.988 6.866.817 1.163 7.305 29 8 8 33.893.439 67.582.511 98.281.667 Source: Central Bank, CMB 62 (TL Billion) Capital Markets Board of Turkey Annual Report 2000 TABLE : 10 - INTEREST RATES ON SAVINGS DEPOSITS (%) (end of period) Year 1995 1996 1997 1998 1999 2000 SIGHT DEPOSITS 13,5 18,5 26,8 30,0 27,4 6,8 TIME DEPOSITS 3-MONTH 6-MONTH 83,9 84,4 79,7 84,6 83,2 91,5 82,8 85,6 59,5 48,3 105,5 69,2 1-MONTH 83,7 76,0 78,3 80,5 72,1 81,2 1 Year 92,3 93,8 96,6 94,8 46,7 45,6 Source: Central Bank TABLE : 11 - SECTORAL BREAKDOWN OF DEPOSIT MONEY BANK CREDITS (TL Billion) Public Administrations and non-financial State Enterprises Financial Institutions Private Sector Households Consumer Credits Credit Cards Corporate sector Other Non residents Total 1996 1997 1998 1999 2000 65.737 117.377 3.029.299 232.917 158.416 74.501 2.232.932 563.450 49.513 3.261.926 245.290 212.181 6.959.949 685.086 432.174 252.912 4.996.589 1.278.274 132.053 7.549.473 317.670 353.162 10.774.212 1.341.299 699.158 642.141 8.722.594 710.319 272.927 11.717.971 753.986 611.592 15.390.632 2.141.906 1.004.315 1.137.591 10.435.244 2.813.482 210.856 16.967.066 806.697 735.207 25.561.981 6.754.666 4.602.942 2.151.724 15.459.400 3.347.915 268.290 27.372.175 Source. Central Bank TABLE : 12 - GOVERNMENT SECURITIES ISSUES Year 1996 1997 1998 1999 2000 GOVERNMENT BONDS 1.247.865 3.185.567 4.708.064 20.027.769 26.685.862 TREASURY BILLS 3.722.028 3.074.400 9.546.260 6.858.636 5.782.683 PRIVATIZATION BONDS 27.801 117.263 38.765 36.638 49.675 (TL Billion) TOTAL 4.997.694 6.377.230 14.293.089 26.923.043 32.518.220 Source: Undersecreteriat of Treasury Capital Markets Board of Turkey Annual Report 2000 63 64 Capital Markets Board of Turkey Annual Report 2000 1.250.154 1.527.837 4.456 13.659 52.801 2.848.907 19,0 176.291 11.789.177 22,2 147.426 6.093.227 20,7 678.870.665 3.007.974.041 440.099.949 665.309.404 1998 1999 2000 1.302.366.874 1.158.750 2.532.760 1.495.460 1.228.964 Corporate Bonds III 1.033.839 1.168.161 1.145.772 1.478.078 1997 1998 1999 2000 3.424.402 1.161.486 1.861.636 1.460.338 799.464 Market Value II (*) IX=II+III+IV+V+VI+VIII+IX+X 698.212 Nominal I 1996 Year Shares 1.376 6.003 5.634 5.885 Corporate Bonds III B) AT CONSTANT PRICES (1987=100) 696.821.765 305.732.068 215.470.401 1997 102.202.386 Market Value II 89.246.889 Nominal I 1996 Year Shares A) AT CURRENT PRICES 11.000.000 23.000.000 41.628.500 10.337 23.945 28.291 103.331 362.242 Commercial Asset Backed Papers Securities IV V 2.200.000 2.880.000 Commercial Asset Backed Papers Securities IV V 14.167 35.220 21.272 Bank Bills and Bank Guaranteed Bills VI 12.471.060 9.934.500 2.362.457 Bank Bills and Bank Guaranteed Bills VI 2.767.908.059 176.673.960 131.423.300 Market Value VIII 494.824 78.278 144.310 159.471 62.403 Nominal VII 3.179.941 301.080 335.055 Market Value VIII Mutual Fund Participation Certificates 438.605.000 45.969.800 56.069.000 34.330.000 8.945.000 Nominal VII Mutual Fund Participation Certificates 5.771.980 5.840.906 1998 3.570.811 2.374.990 1997 TABLE : 14 - SECURITIES ISSUES REGISTERED WITH THE BOARD Source: UT,PA, SIS. Government Bonds Treasury Bills Revenue Sharing Cert. F/X Indexed Bonds Privatization Bonds Total Government Securities / GNP (%) 1996 TABLE : 13 OUTSTANDING GOVERNMENT SECURITIES 5.004 7.927 23.911 Foreign Mutual Real Estate Fund Certificates Participation X Certificates IX 3.942.594 1.757.205 2.713.790 Foreign Mutual Real Estate Fund Certificates Participation X Certificates IX 382.707 23.302.853 29,8 19.683.393 3.236.753 1999 (TL Billion) 6.624.889 1.462.566 2.230.984 1.782.259 1.303.255 XI(*) Total (TL Million) 5.793.454.503 855.544.625 841.777.825 378.449.233 161.961.097 XI(*) Total (TL Million) 381.593 36.802.214 29,2 34.362.937 2.057.684 2000 Capital Markets Board of Turkey Annual Report 2000 65 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 YAZICILAR OTOMOTİV VE GIDA YAT. PAZ. SAN. VE TİC. A.Ş. KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş. NUH ÇİMENTO SANAYİ A.Ş. ANADOLU HAYAT SİGORTA A.Ş. ŞEKER PİLİÇ VE YEM SANAYİ TİCARET A.Ş. TÜRK EKONOMİ BANKASI A.Ş. LİO YAĞ SANAYİ VE TİCARET A.Ş. ALKİM ALKALİ KİMYA A.Ş. ERSU MEYVE VE GIDA SANAYİ A.Ş. DOĞAN BURDA RİZZOLİ DERGİ YAYINCILIK VE PAZARLAMA A.Ş. EGS HOLDİNG A.Ş. İŞ GENEL FİNANS KİRALAMA A.Ş. SODA SANAYİİ A.Ş. BATISÖKE SÖKE ÇİMENTO SANAYİ T.A.Ş. LOGO YAZILIM SANAYİ VE TİCARET A.Ş. SEZGİNLER GIDA SANAYİ VE TİCARET A.Ş. ALTINYAĞ KOMBİNALARI A.Ş. ZORLU ENERJİ ELEKTRİK ÜDEÜİK VE OTOPRODÜKTÖR GRUBU A.Ş. SINAİ YATIRIM BANKASI A.Ş. BİNGÖL HOLDİNG A.Ş. DENTAŞ AMBALAJ VE KAĞIT SANAYİİ A.Ş. ACIBADEM SAĞLIK HİZMETLERİ VE TİCARET A.Ş. İPEK MATBAACILIK SANAYİ VE TİCARET A.Ş. VAKIF RİSK SERMAYESİ YATIRIM ORTAKLIĞI A.Ş. AYEN ENERJİ A.Ş. AK ENERJİ ELEKTRİK ÜRETİMİ OTOPRODÜKTÖR GRUBU A.Ş. TURKCELL İLETİŞİM HİZMETLERİ A.Ş. ESCORT COMPUTER ELEKTRONİK SANAYİ TİCARET A.Ş. MENDERES TEKSTİL SANAYİ VE TİCARET A.Ş. TEK-ART TURİZM A.Ş. FAVORİ DİNLENME YERLERİ A.Ş. KARDEMİR KARABÜK DEMİR ÇELİK SANAYİ VE TİCARET A.Ş. SANKO PAZARLAMA İTHALAT İHRACAT A.Ş. EGS FİNANSAL KİRALAMA A.Ş. LİNK BİLGİSAYAR SİSTEMLERİ YAZILIMI VE DONANIMI SAN. TİC. A.Ş. ALKİM KAĞIT SANAYİ VE TİCARET A.Ş. ARENA BİLGİSAYAR SANAYİ VE TİCARET A.Ş. TOTAL: NAME OF THE COMPANY 1.276.502 240.000 834.560 1.500.000 210.000 4.900.000 1.000.000 1.290.000 200.000 112.500 25.000.000 2.500.000 3.161.000 2.812.500 121.000 964.000 2.229.120 7.650.000 12.500.000 250.000 2.000.000 300.000 400.000 187.500 665.000 2.300.000 26.400.000 460.000 350.000 237.500 1.500.000 20.000.000 2.875.000 2.500.000 374.635 2.800.000 720.000 132.820.817 67.654.657 11.040.000 12.518.400 39.000.000 3.360.000 41.160.000 12.500.000 9.288.000 1.900.000 11.250.000 57.500.000 8.750.000 22.759.200 12.656.250 3.509.000 16.870.000 18.947.520 39.650.000 38.750.000 250.000 7.000.000 9.000.000 5.300.000 187.500 31.920.000 74.750.000 1.161.600.000 10.810.000 5.250.000 6.650.000 4.500.000 20.000.000 46.000.000 6.500.000 3.941.835 9.380.000 9.720.000 1.841.822.362 REGISTERED MARKET NOMINAL VALUE 02.02.2000 08.02.2000 11.02.2000 11.02.2000 11.02.2000 15,02,2000 16.02.2000 16.02.2000 29.02.2000 09.03.2000 09.03.2000 09.03.2000 07.04.2000 21.04.2000 21.04.2000 27.04.2000 12.05.2000 12.05.2000 15.05.2000 16.05.2000 26.05.2000 30.05.2000 16.06.2000 19.06.2000 23.06.2000 23.06.2000 28.06.2000 04.07.2000 11.07.2000 27.07.2000 07.06.2000 14.08.2000 15.09.2000 11.10.2000 13.10.2000 13.10.2000 13.10.2000 REGISTRATION DATE TABLE : 15 - CORPORATIONS WITH INITIAL PUBLIC OFFERING OF SHARES DURING 2000 1.276.502 240.000 834.560 1.500.000 210.000 4.900.000 1.000.000 1.290.000 200.000 112.500 25.000.000 2.500.000 3.161.000 2.812.500 121.000 964.000 2.229.120 7.650.000 12.500.000 250.000 2.000.000 300.000 400.000 187.500 665.000 2.300.000 26.400.000 460.000 350.000 237.500 1.500.000 20.000.000 2.875.000 2.500.000 374.635 2.800.000 720.000 132.820.817 NOMINAL VALUE OF SALES 67.654.657 11.040.000 12.518.400 39.000.000 3.360.000 41.160.000 12.500.000 9.288.000 1.900.000 11.250.000 57.500.000 8.750.000 22.759.200 12.656.250 3.509.000 16.870.000 18.947.520 39.650.000 38.750.000 250.000 7.000.000 9.000.000 5.825.000 587.500 31.920.000 74.750.000 1.161.600.000 10.810.000 5.250.000 6.650.000 4.500.000 20.000.000 46.000.000 6.500.000 3.941.835 9.380.000 9.720.000 1.842.747.362 MARKET VALUE OF SALES (TL Million) TABLO : 16 - PRIVATE SECTOR SECURITIES (Stock Value) Year Shares Bonds 1996 1997 1998 1999 2000 424.725 909.295 1.885.946 3.793.195 6.866.817 2.719 3.897 5.494 2.533 1.162 Comm.Paper 2.880 2.200 Asset Backed Securities 8.011 13.150 7.305 Real Estate Certificates 2.714 2.714 (TL Billion) Bank Bills 327 22 29 8 8 TABLE : 17 - SECONDARY MARKET TRANSACTIONS 1996 I. BANKS PRIVATE SECTOR SECURITIES Shares Bonds Commercial Paper Bank Bills Asset Backed Securities GOVERNMENT SECURITIES Government Bonds Treasury Bills F/X Indexed Bonds Housing Certificates II. BROKERAGE HOUSES PRIVATE SECTOR SECURITIES Shares Bonds Commercial Paper Bank Bills Asset Backed Securities GOVERNMENT SECURITIES Government Bonds Treasury Bills F/X Indexed Bonds Housing Certificates TOTAL 66 1997 69.232.489 165.061.359 1.419.124 311.659 1.002.353 113.389 152.836 198.267 25.124 238.811 3 67.813.366 164.749.701 12.640.550 80.586.280 54.751.699 84.052.024 420.984 111.397 133 4.747.649 20.731.982 2.037.293 8.973.053 2.037.281 8.972.185 868 11 2.710.356 249.210 2.441.261 19.886 11.758.929 4.960.368 6.797.190 1.371 73.980.138 185.793.342 Capital Markets Board of Turkey Annual Report 2000 1998 Profit and Loss Sharing Certificates 15 15 (TL Billion) 1999 2000 256.215.661 1.008.180.069 86.588 37.560 60.745 37.560 25.843 753.189.719 175.725 175.725 256.129.073 1.008.142.509 101.281.325 664.113.890 154.787.507 344.028.619 60.240 753.013.994 646.514.199 106.499.795 42.369.364 18.087.185 18.036.117 77.242.291 37.032.663 36.876.534 211.964.041 111.765.451 111.165.097 51.068 270 155.859 575 599.779 24.282.179 40.209.628 8.660.196 30.752.387 15.621.355 9.457.240 40 588 298.585.026 1.085.422.360 100.198.590 95.767.906 4.430.684 965.153.760 TABLE : 18 - DEBT INSTRUMENTS SECONDARY MARKET TRADING VOLUME PRIVATE SECTOR Bonds Commercial Paper Bank Bills Asset Backed Securities PUBLIC SECTOR Government Bonds Treasury Bills F/X Indexed Bonds Housing Certificates TOTAL 1996 1997 416.782 152.836 199.138 199.135 25.124 238.823 70.523.722 12.889.759 57.192.960 440.870 133 70.940.504 1998 1999 76.911 25.843 176.707.768 2000 156.129 560.354 270 155.859 575 559.779 280.411.252 1.048.352.136 109.941.521 694.866.277 170.408.862 353.485.859 60.280 588 280.488.163 1.048.508.265 853.212.584 742.282.105 110.930.479 51.068 3 176.508.630 85.546.648 90.849.214 112.768 (TL Billion) 853.772.938 TABLE : 19 - COMPANIES IN THE ISE SHARES MARKET Year 1996 1997 1998 1999 2000 Number 788 743 686 319 315 Nominal Capital (TL Billion) 424.725 909.295 1.885.946 3.793.195 6.866.817 Number 213 244 262 256 315 Nominal Capital (TL Billion) 361.320 783.234 1.669.956 3.392.830 6.866.817 Total Market Capitalization (TL Billion) 3.275.038 12.654.308 10.611.820 61.137.073 46.692.373 Source : ISE TABLE : 20 - MAIN INDICATORS OF ISE EQUITY MARKET Number of Shares Average Daily Traded Average Average Daily Number Number of Turnover Daily Turnover Turnover of Shares Traded (Million) Year Trading Days (TL Billion) (Million) (TL Billion) 1996 247 3.039.634 390.917 12.306 1.583 1997 252 9.272.346 918.555 36.795 3.645 1998 248 18.096.862 2.242.532 72.971 9.042 1999 236 36.903.111 5.823.859 156.369 24.677 2000 246 111.340.969 11.075.685 452.606 45.023 Number Of Contracts (Thousand) 12.447 17.059 21.577 25.785 32.428 Turnover/ Number Of Contracts (TL Million) 244 544 839 1.431 3.433 Source: ISE Capital Markets Board of Turkey Annual Report 2000 67 TABLE : 21 - SMALL ORDERS EXECUTED OFF-THE EXCHANGE 1996 1997 1998 1999 2000 Purchases Sales Purchases Sales Purchases Sales Purchases Sales Purchases Sales Trading Volume (TL Million) Number of Transactions (Thousand) Avg.Daily Trading Volume (TL Million) 4.247.764 4.272.996 15.765.023 24.671.580 25.414.799 31.050.043 19.832.335 21.570.873 89.228.720 127.079.284 697.965 615.806 1.324.883 1.641.159 2.123.357 2.542.199 2.197.424 2.202.291 6.084.246 7.844.899 17.197 17.300 62.560 97.903 102.479 125.202 84.035 91.402 362.718 516.582 Avg.Daily Number of Transactions (Thousand) 2.826 2.493 5.257 6.513 8.562 10.251 9.311 9.332 24.733 31.890 Number of Contracts Traded (Thousand) 982 1.017 1.817 2.411 2.769 3.564 2.670 2.842 6.939 9.345 Source : ISE TABLE : 22 - ISE EQUITY MARKET INDEX At Closing Prices Month National-100 Index National National Industrials Index Financials Index January February March April May June July August September October November December 49.489,5 60.546,5 67.045,2 64.722,8 61.150,4 70.489,2 63.365,6 64.533,4 72.452,9 82.006,1 92.134,2 97.588,8 56.919,6 68.885,4 73.614,7 71.653,7 68.493,7 78.533,9 71.682,3 70.776,7 79.281,8 86.414,5 97.693,1 104.590,9 37.756,7 48.056,4 59.793,5 56.197,3 51.062,3 59.940,1 51.634,4 57.199,5 64.593,5 79.831,8 88.667,3 91.446,9 1.605,0 1.612,0 1.613,0 1.427,0 1.637,0 1.649,0 1.602,0 1.427,0 1.565,0 1.699,0 1.769,0 1.548,0 National Services Index 1996 1997(*) January February March April 68 Capital Markets Board of Turkey Annual Report 2000 1.597,0 1.444,0 1.451,0 1.319,0 TABLE : 22 - ISE EQUITY MARKET INDEX (Cont.) At Closing Prices National National Industrials Index Financials Index National Services Index Month National-100 Index May June July August September October November December 1.595,0 1.851,0 1.953,0 1.980,0 2.593,0 2.846,0 2.879,0 3.451,0 1.487,0 1.731,0 1.903,0 1.938,0 2.432,0 2.476,0 2.442,0 2.660,0 1.770,0 2.014,0 2.065,0 2.143,0 2.884,0 3.321,0 3.565,0 4.522,0 1.524,0 1.854,0 1.941,0 1.932,0 2.569,0 3.171,0 3.061,0 3.593,0 January February March April May June July August September October November December 3.547,0 3.272,0 3.259,0 4.195,0 3.728,0 4.100,0 4.322,3 2.635,0 2.266,0 2.196,0 2.578,0 2.597,9 2.834,0 2.517,0 2.747,0 3.428,0 3.241,0 3.504,0 3.721,2 2.203,0 1.958,0 1.707,0 1.905,0 1.943,7 4.496,0 4.270,0 4.024,0 5.257,0 4.520,0 4.957,0 5.278,5 3.231,0 2.688,0 2.702,0 3.241,0 3.269,6 4.003,0 3.624,0 3.893,0 4.701,0 4.574,0 4.967,0 5.182,6 3.469,0 3.090,0 2.702,0 3.584,0 3.697,1 January February March April May June July August September October November December 2.568,0 3.891,0 4.554,0 5.354,0 5.069,0 4.950,0 5.805,5 5.018,3 6.071,1 6.556,0 8.459,0 15.208,8 1.882,0 2.572,0 3.059,0 3.447,0 3.489,0 3.208,0 3.768,1 3.617,5 4.513,7 4.587,0 5.836,0 9.945,8 3.241,0 5.100,0 6.074,0 7.305,0 6.822,0 6.781,0 7.938,5 6.530,5 7.755,9 8.741,0 11.396,0 21.180,8 3.796,0 5.283,0 5.718,0 6.082,0 5.476,0 5.564,0 5.975,4 5.629,3 6.622,4 6.888,0 7.923,0 13.194,4 January February March April May June July August September October November December 16.715,0 15.945,9 15.920,1 19.205,7 16.206,4 14.466,1 13.870,2 13.132,1 11.350,3 13.538,4 8.747,7 9.437,2 11.725,2 11.028,0 11.183,6 13.833,4 11.581,2 10.749,2 10.346,1 10.027,0 8.913,8 10.383,9 7.088,2 6.955,0 22.488,9 21.856,1 21.813,7 25.734,0 22.100,1 19.348,6 18.710,8 17.924,1 15.332,6 18.567,5 11.672,3 12.837,9 16.934,8 13.857,2 13.690,4 16.761,8 14.297,9 12.929,7 11.608,9 10.009,7 8.620,0 9.590,2 5.995,9 7.224,0 1998 1999 2000 Source : ISE (*) : For simplifacation, the ISE Index which has been expressed as 1986 January = 100 for the period between1 1986-1996, is expressed as 1986 January = 1, beginnig in 1997. Capital Markets Board of Turkey Annual Report 2000 69 70 Capital Markets Board of Turkey Annual Report 2000 1996 TYPE A TYPE B Government Bonds 0,33 1,50 Foreign Government Bonds 0,20 Treasury Bills 67,30 95,73 Foreign Treasury Bills Reverse Repo REPO Gold Foreign Corporate Bonds 1,28 Commercial Papers 0,07 Shares 32,37 0,95 Foreign Shares 0,20 Asset Backed Securities 0,01 Other 0,06 TOTAL 100,00 100,00 39,56 1,34 0,27 2,24 100,00 39,08 0,16 100,00 100,00 0,06 0,12 100,00 0,33 0,11 0,01 1998 TYPE A TYPE B 4,95 5,78 0,15 10,69 34,36 0,20 0,06 44,54 59,09 1997 TYPE B 6,64 0,38 15,44 21,02 4,00 34,06 63,79 9,48 0,03 0,33 TYPE A 1,76 0,02 100,00 55,40 0,28 100,00 0,88 0,10 1999 TYPE A TYPE B 9,75 18,52 0,10 3,99 11,20 0,01 30,61 68,92 0,22 TABLE : 23 - PORTFOLIO COMPOSITION OF MUTUAL FUNDS (Percentage Distribution) 0,10 100,00 45,73 0,03 100,00 0,17 0,03 2000 TYPE A TYPE B 11,09 13,24 0,15 0,16 0,23 0,01 42,40 86,36 0,30 Capital Markets Board of Turkey Annual Report 2000 71 1-ABN AMRO BANK NV. ALARKO A TİPİ ÖZEL FON 2-ABN AMRO BANK NV.TURKSE PERENCO A TİPİ ÖZEL FON 3-ABN AMRO YAT.MEN.DEĞ. A TİPİ KARMA FON 4-ACAR MEN.DEĞ.TİC. A TİPİ DEĞİŞKEN FON 5-AK YATIRIM MEN.DEĞ.A TİPİ HİSSE SENEDİ FONU 6-AKBANK A TİPİ DEĞİŞKEN FON 7-AKBANK A TİPİ HİSSE SENEDİ FONU 8-AKBANK A TİPİ SABANCI HOLDİNG İŞT.FON 9-ALFA MEN.DEĞ. A TİPİ HİSSE SENEDİ FONU 10-ALFA MEN.DEĞ. A TİPİ İMKB ULUSAL 30 END.FON 11-ALFA MEN.DEĞ. A TİPİ DEĞİŞKEN FON 12-ALTERNATİF BANK A TİPİ DEĞİŞKEN FON 13-ALTERNATİFBANK ANADOLU GRUBU A TİPİ ÖZEL FON 14-ANADOLUBANK A.Ş. A TİPİ HİSSE SENEDİ FONU 15-ATA YAT.MEN.KIY. A TİPİ DEĞİŞKEN FON 16-ATA YAT.MEN.KIY. A TİPİ İMKB ULUSAL 50 END. 17-ATA YATIRIM MEN.KIYMETLER A TİPİ HİSSE SENEDİ FONU 18-ATA YATIRIM MEN.KIYMETLER A TİPİ KARMA FON 19-BANKEKSPRES A TİPİ DEĞİŞKEN FON 20-BANKKAPİTAL A TİPİ DEĞİŞKEN FON 21-BAYINDIR MEN.DEĞ.A TİPİ KARMA FON 22-BAYINDIR MEN.DEĞ. A TİPİ DEĞİŞKEN FON 23-BAYINDIRBANK A TİPİ HİSSE SENEDİ FONU 24-BENDER MENKUL DEĞERLER A TİPİ DEĞİŞKEN FON 25-BİRLEŞİK TÜRK KÖRFEZ BANK. A TİPİ DEĞİŞKEN FON 26-BİRLEŞİK TÜRK KÖRFEZ BANK.A TİPİ KARMA FON 27-COMM.UNION SİG. A TİPİ DEĞİŞKEN FON 28-DEMİR YAT.MEN.DEĞ.A TİPİ İMALAT SEK.FON 29-DEMİR YAT.MEN.DEĞ.A TİPİ MALİ KURULUŞLAR SEK.FON 30-DEMİR YATIRIM A TİPİ HİSSE SENEDİ FONU 31-DEMİR YATIRIM MENKUL DEĞERLER A TİPİ İMKB ULUSAL 100 ENDEKSİ FONU NAME OF THE MUTUAL FUND TABLE : 24 - "TYPE A" MUTUAL FUNDS 6,748 865 522 11,641 74 1,042 10,183 78 194 433 1,180 2,205 428 447 54 555 4,407 6,095 693 161 392 1,175 1,106 955 5,106 1,144 2,895 51 47 2,459 1,012 Asset Value (TL. Billion ) 78,700 20,000 9,844 278,355 10,479 104,257 61,568 8,917 10,748 60,044 14,093 7,204 26,000 57,329 5,300 94,440 59,150 2,892 2,782 1,963 18,687 19,256 52,173 34,574 84,609 98,510 1,827 5,721 5,312 123,871 78,494 in Circulation (Thousand) Number of Shares 85,737 43,273 53,006 41,822 7,070 9,996 165,403 8,710 18,090 7,217 83,728 306,036 16,457 7,791 10,241 5,876 74,502 2,107,775 249,196 81,941 20,983 61,023 21,190 27,626 60,346 11,617 1,584,387 8,860 8,847 19,847 12,888 TL. Price 31.12.2000 63,455 38,874 64,979 46,291 171,503 23,621 95,113 366,786 29,150 109,651 2,026,922 247,833 85,252 19,553 45,487 22,462 33,167 36,584 1,452,293 23,161 TL. Price 29.12.1999 35.12 11.31 -18.43 -9.65 -3.56 -23.41 -11.97 -16.56 -43.54 -32.06 3.99 0.55 -3.88 7.31 34.16 -5.66 -16.71 64.95 9.10 -44.35 Annual Return (%) 72 Capital Markets Board of Turkey Annual Report 2000 32-DEMİR YATIRIM MENKUL DEĞERLER A TİPİ DEĞİŞKEN FON 33-DEMİR YATIRIM MEN.DEĞ.ATİPİ KARMA FON 34-DEMİRBANK A TİPİ CINGILLI HOLDİNG ÖZEL FON 35-DEMİRBANK A TİPİ DEĞİŞKEN FON 36-DENİZBANK A TİPİ DEĞİŞKEN FON 37-DENİZBANK A TİPİ HİSSE SENEDİ FONU 38-DENİZBANK A TİPİ KARMA FON 39-ECZACIBAŞI MEN.DEĞ. A.Ş. A TİPİ AXA OYAK SİGORTA A.Ş. DEĞ.ÖZEL FON 40-ECZACIBAŞI MEN.DEĞ. A TİPİ DEĞİŞKEN FON 41-EGE GİYİM SANAYİCİLERİ SİGORTA A TİPİ DEĞİŞKEN FON 42 EGEBANK A TİPİ DEĞİŞKEN FON 43-EGEBANK A TİPİ HİSSE SENEDİ FON 44-EGEBANK A TİPİ KARMA FON 45-EGS EGE GİYİM SAN. BANK. A TİPİ KARMA FON 46-EGS YAT.MEN.DEĞ. A TİPİ EGS FİNANS GRB.DEĞ.ÖZEL FON 47-EGS YATIRIM MENKUL DEĞ. A TİPİ DEĞİŞKEN FON 48-EGS YATIRIM MENKUL DEĞ. A TİPİ KARMA FON 49-KİNCİLER YAT.VE MEN.DEĞ. A TİPİ DEĞİŞKEN FON 50-ESBANK A TİPİ DEĞİŞKEN FON 51-ETİBANK A TİPİ DEĞİŞKEN FON 52-EVGİN MEN.DEĞ.A TİPİ KARMA FON 53-FİNANS YATIRIM MEN.DEĞ. A TİPİ DEĞİŞKEN FON 54-FİNANS YATIRIM MEN.DEĞ. A TİPİ KARMA FON 55-FİNANSBANK A TİPİ DEĞİŞKEN FON 56-FİNANSBANK A TİPİ HİSSE SENEDİ FONU 57-GARANTİ YATIRIM MEN.DEĞ. A TİPİ DEĞİŞKEN FON 58-GEDİK YATIRIM MENKUL DEĞERLER A TİPİ HİSSE SENEDİ FON 59-GEDİK YATIRIM MENKUL DEĞER. A TİPİ KARMA FON NAME OF THE MUTUAL FUND TABLE : 24 - "TYPE A" MUTUAL FUNDS (Cont.) 1,616 5,483 1,791 4,907 2,172 503 551 1,400 17,199 1,254 910 297 146 679 126 1,661 290 44 302 232 517 442 254 3,475 426 238 154 181 Asset Value (TL. Billion ) 22,117 176,100 28,620 1,446 62,408 24,427 14,230 15,271 35,852 58,163 2,145 44,494 20,300 15,252 8,072 104,712 12,193 2,158 433 10,960 6,592 58,659 27,712 1,071 60,980 23,388 7,618 1,499 in Circulation (Thousand) Number of Shares 73,056 31,134 62,594 3,393,422 34,803 20,586 38,707 91,699 479,726 21,561 424,217 6,671 7,169 44,502 15,584 15,865 23,796 20,302 697,069 21,126 78,469 7,537 9,166 3,245,494 6,990 10,173 20,257 120,471 TL. Price 31.12.2000 81,322 27,604 54,642 3,400,124 36,524 21,304 32,925 100,551 417,561 21,992 487,248 43,152 17,466 18,362 25,197 23,210 906,896 23,119 86,079 7,370,264 20,864 124,837 TL. Price 29.12.1999 -10.16 12.79 14.55 -0.20 -4.71 -3.37 17.56 -8.80 14.89 -1.96 -12.94 3.13 -10.77 -13.60 -5.56 -12.53 -23.1451 -8.62 -8.84 -55.97 -2.91 -3.50 Annual Return (%) Capital Markets Board of Turkey Annual Report 2000 73 60-GLOBAL MEN.DEĞ.A TİPİ DEĞİŞKEN FON 61-GLOBAL MEN.DEĞ. A TİPİ İMKB ULUSAL 100 END.FON 62-GLOBAL MEN.DEĞ. A TİPİ KARMA FON 63-HAK MENKUL KIY.A TİPİ DEĞİŞKEN FON 64-HSBC BANK A TİPİ DEĞİŞKEN FON 65-HSBC BANK A TİPİ HİSSE SENEDİ FONU 66-İKTİSAT BANKASI A TİPİ DEĞİŞKEN FON 67-İKTİSAT YAT.MEN.DEĞ. A TİPİ HİSSE SENEDİ FONU 68-İNTER YATIRIM A TİPİ HİSSE SENEDİ FONU 69-İNTER YATIRIM A TİPİ KARMA FON 70-İNTERBANK A TİPİ DEĞİŞKEN FON 71-İNTERBANK A TİPİ KARMA FON 72-İŞ YATIRIM MEN.DEĞ. A TİPİ DEĞİŞKEN FON 73-KALKINMA MEN.DEĞ. A TİPİ KARMA FON 74-KALKINMA MEN.DEĞ.A.Ş. A TİPİ DEĞİŞKEN FON 75-KENT YATIRIM MEN.DEĞ. A TİPİ DEĞİŞKEN FON 76-KENTBANK A TİPİ DEĞİŞKEN FON 77-KENTBANK A TİPİ KARMA FON 78-KOÇ MENKUL DEĞ.A TİPİ KOÇ ŞİRKETLERİ İŞTİRAK FONU 79-KOÇ MENKUL DEĞERLER A TİPİ DEĞİŞKEN FON 80-KOÇBANK A TİPİ DEĞİŞKEN FON 81-KOÇBANK A TİPİ HİSSE SENEDİ FONU 82-KOÇBANK A TİPİ HOLD.VE YATIRIM ŞİRKETLERİ SEK.FON 83-KOÇBANK A TİPİ KOÇ-ALLIANZ SİGORTA ÖZEL FONU 84-KOÇBANK A TİPİ METAL EŞYA,MAK.VE GER.YAP.SEK.FON 85-KOÇBANK A TİPİ İMKB 30 END.FON 86-MEKSA MENKUL DEĞ.TİC. A TİPİ DEĞİŞKEN FON 87-MEKSA MEN.DEĞ. A TİPİ KARMA FON NAME OF THE MUTUAL FUND TABLE : 24 - "TYPE A" MUTUAL FUNDS (Cont.) 20,091 97 1,344 473 1,036 1,679 750 2,159 1,674 3,465 3,177 1,688 33,058 423 439 451 236 348 2,841 13,632 46,799 3,197 270 4,808 219 11,411 854 42 Asset Value (TL. Billion ) 4,697 15,133 161,191 1,360 62,579 110,917 357 299,920 29,348 32,380 22,046 13,727 360,779 50,000 20,000 58,330 23,864 1,118 92,164 1,385,970 16,115 39,293 30,698 100,000 32,681 28,788 26,209 4,618 in Circulation (Thousand) Number of Shares 4,277,197 6,409 8,335 348,008 16,554 15,141 2,100,098 7,199 57,042 106,999 144,108 122,943 91,628 8,455 21,974 7,738 9,871 311,379 30,830 9,836 2,904,056 81,353 8,788 48,083 6,713 396,373 32,595 9,071 TL. Price 31.12.2000 3,441,363 401,723 13,568 16,006 2,531,467 54,941 95,322 148,976 108,603 79,730 22,990 280,259 38,166 2,471,457 109,143 43,457 682,550 37,984 - TL. Price 29.12.1999 24.29 -13.37 22.01 -5.40 -17.04 3.82 12.25 -3.27 13.20 14.92 -4.42 11.10 -19.22 17.50 -25.46 10.65 -41.93 -14.19 - Annual Return (%) 74 Capital Markets Board of Turkey Annual Report 2000 88-MNG BANK A TİPİ DEĞİŞKEN FON 89-NUROL MENKUL KIY. A TİPİ DEĞİŞKEN FON 90-ORDU YARD.KURUMU A TİPİ DEĞİŞKEN FON 91-OSMANLI BANKASI A TİPİ KARMA FON 92-OYAK MENKUL DEĞ. A TİPİ DEĞİŞKEN FON 93-PAMUKBANK A TİPİ DEĞİŞKEN FON 94-RİVA MENKUL DEĞ. A TİPİ DEĞİŞKEN FON 95-SINAİ YATIRIM BANKASI A.Ş. A TİPİ DEĞİŞKEN FON 96-SINAİ YATIRIM BANKASI A TİPİ KARMA FON 97-SİTEBANK A TİPİ DEĞİŞKEN FON 98-STRATEJİ MENKUL DEĞ. A TİPİ DEĞİŞKEN FON 99-SÜMERBANK A TİPİ KARMA FON 100-ŞEKERBANK A TİPİ DEĞİŞKEN FON 101-T.C.ZİRAAT BANKASI A TİPİ DEĞİŞKEN FON 102-T.DIŞ TİCARET BANKASI A TİPİ DEĞİŞKEN FON 103-T.DIŞ TİCARET BANKASI A TİPİ KARMA FON 104-T.EKONOMİ BANKASI A TİPİ NV.T.PERENCO DEĞ.Ö.FON 105-T.EKONOMİ BANKASI A TİPİ GSD DEĞİŞKEN ÖZEL FONU 106-T.EKONOMİ BANKASI A TİPİ DEĞİŞKEN FON 107-T.EKONOMİ BANKASI A TİPİ KARMA FON 109-T.GARANTİ BANKASI A TİPİ DEĞİŞKEN FON 110-T.GARANTİ BANKASI A TİPİ İMKB ULUSAL-30 END.FON 111-T.GARANTİ BANKASI A TİPİ KARMA FON 112-T.HALK BANKASI A TİPİ KARMA FON 113-T.İŞ BANKASI A TİPİ DEĞİŞKEN FON 114-T.İŞ BANKASI A TİPİ HİSSE SENEDİ FONU 115-T.İŞ BANKASI A TİPİ İMKB ULUSAL-30 END.FON 116-T.İŞ BANKASI A TİPİ İŞTİRAK FONU NAME OF THE MUTUAL FUND TABLE : 24 - "TYPE A" MUTUAL FUNDS (Cont.) 304 4,048 12,031 3,513 694 3,059 90 1,277 444 56 1,036 393 310 6,152 2,750 2,258 3,195 327 24,818 5,768 32,985 1,009 10,791 1,376 27,792 20,904 7,719 16,996 Asset Value (TL. Billion ) 29,121 26,630 52,716 46,376 95,696 133,275 2,493 38,012 52,122 4,127 8,610 3,843 3,638 984 553 126 100,000 7,139 22,569 25,345 6,876 200,766 3,678 345 35,333 4,323 1,345,941 5,233 in Circulation (Thousand) Number of Shares 10,432 151,993 228,218 75,740 7,250 22,950 36,286 33,586 8,527 13,621 120,369 102,378 85,200 6,251,798 4,974,398 17,871,082 31,953 45,749 1,099,615 227,567 4,796,960 5,024 2,934,067 3,989,481 786,565 4,835,472 5,735 3,247,725 TL. Price 31.12.2000 107,887 237,196 69,381 40,765 30,691 22,535 15,694 166,385 110,619 96,593 7,259,231 4,530,020 17,150,405 29,277 45,856 1,095,066 212,130 4,741,701 2,537,405 4,124,663 718,156 6,058,568 3,917,945 TL. Price 29.12.1999 40.88 -3.78 9.17 -43.70 18.23 49.04 -13.21 -27.66 -7.45 -11.80 -13.88 9.81 4.20 9.14 -0.23 0.42 7.28 1.17 15.63 -3.28 9.53 -20.19 -17.11 Annual Return (%) Capital Markets Board of Turkey Annual Report 2000 75 117-T.KALKINMA BANKASI A TİPİ DEĞİŞKEN FON 118-T.TİCARET BANKASI A TİPİ DEĞİŞKEN FON 119-T.TÜTÜNCÜLER YAŞARBANK A TİPİ DEĞİŞKEN FON 120-T.VAKIFLAR BANKASI A TİPİ GIDA-İÇECEK SEKTÖRÜ FON 121-T.VAKIFLAR BANKASI A TİPİ MALİ KURULUŞLAR SEK.FON 122-T.VAKIFLAR BANKASI A TİPİ METAL SEKTÖRÜ FONU 123-T.VAKIFLAR BANKASI A TİPİ DAYVAK ÖZEL DEĞ.YAT.FONU 124-T.VAKIFLAR BANKASI A TİPİ HİSSE SENEDİ FONU 125-T.VAKIFLAR BANKASI A TİPİ TVB MENSUPLARI ÖZEL FONU 126-TACİRLER MENKUL DEĞ. A TİPİ KARMA FON 127-TACİRLER MEN.DEĞ. A TİPİ DEĞİŞKEN FON 128-TAIB YATIRIM A TİPİ DEĞİŞKEN FON 129-TEB YATIRIM A TİPİ DEĞİŞKEN FON 130-TEB YATIRIM MEN.DEĞ. A TİPİ HİSSE SENEDİ FONU 131-TEKFEN YAT.VE FİN. BANK. A TİPİ DEĞİŞKEN FON 132-TEKSTİL BANKASI A TİPİ DEĞİŞKEN FON 133-TEKSTİL BANK A TİPİ HİSSE SENEDİ FONU 134-TOPRAKBANK A TİPİ DEĞİŞKEN FON 135-TOPRAKBANK A TİPİ KARMA FON 136-TSKB A TİPİ DEĞİŞKEN FON 137-UB ULUSAL YAT. MEN. KIY.A TİPİ DEĞİŞKEN FON 138-YAPI KREDİ BANKASI A TİPİ HİSSE SENEDİ FON 139-YAPI KREDİ YAT.M.D. A TİPİ GIDA-İÇECEK SEKTÖRÜ FONU 140-YAPI KREDİ YAT.M.D. A TİPİ MALİ KURULUŞLAR SEK.FON 141-YAPI KREDİ YAT.M.D. A TİPİ METAL SEKTÖRÜ FONU 142-YAPI KREDİ YAT.M.D. A TİPİ TEKSTİL SEKTÖRÜ FONU 143-YAPI KREDİ YAT.MEN.DEĞ. A TİPİ HİSSE SENEDİ FON 144-YAPI KREDİ YAT.MEN.DEĞ. A TİPİ KARMA FON NAME OF THE MUTUAL FUND TABLE : 24 - "TYPE A" MUTUAL FUNDS (Cont.) 672 2,162 214 649 916 1,449 38 1,370 932 3,100 961 624 1,701 1,750 808 157 632 158 607 24 3,209 900 2,570 2,872 3,077 268 6,605 4,046 Asset Value (TL. Billion ) 1,504 4,240 149 18,304 19,619 33,086 3,150 392 100,000 28,150 11,019 11,265 23,316 257,634 11,432 15,247 1,602 944 24,733 2,273 62,636 110,536 63,097 70,592 85,502 16,229 118,501 103,561 in Circulation (Thousand) Number of Shares 446,634 509,882 1,439,308 35,432 46,708 43,794 11,959 3,493,719 9,321 110,134 87,234 55,376 72,939 6,794 70,641 10,303 394,834 166,898 24,525 10,697 51,235 8,139 40,726 40,682 35,988 16,488 55,735 39,072 TL. Price 31.12.2000 437,850 882,945 1,512,708 46,361 67,115 53,998 4,887,431 103,598 99,053 40,566 69,756 62,198 387,594 140,654 25,076 49,106 38,211 61,752 36,359 19,705 67,711 45,472 TL. Price 29.12.1999 2.01 -42.25 -4.85 -23.57 -30.41 -18.90 -28.52 6.31 -11.93 36.51 4.56 13.57 1.87 18.66 -2.19 4.33 6.58 -34.12 -1.02 -16.32 -17.69 -14.08 Annual Return (%) 76 Capital Markets Board of Turkey Annual Report 2000 1-ABN AMRO YAT.M.DEĞ. B TİPİ DEĞİŞKEN FON 2-AKBANK B TİPİ DEĞİŞKEN FON 3-AKBANK B TİPİ TAHVİL VE BONO FONU 4-ALFA MEN.DEĞ.B TİPİ DEĞİŞKEN FON 5-ALTERNATİFBANK B TİPİ DEĞİŞKEN FON 6-ALTERNATİFBANK B TİPİ YABANCI KIY.FONU 7-ANADOLUBANK B TİPİ DEĞİŞKEN FON 8-ATA MEN.KIY. B TİPİ TAHVİL VE BONO FONU 9-ATA YAT.MEN.KIY. B TİPİ LİKİT FON 10-ATA YATIRIM MEN.KIY. B TİPİ YABANCI MEN. KIY.FONU NAME OF THE MUTUAL FUND TABLE : 25 - "TYPE B" MUTUAL FUNDS 145-YAPI KREDİ YATIRIM MEN.DEĞ. A TİPİ DEĞİŞKEN FON 146-YAPI VE KREDİ BANKASI A TİPİ KARMA FON 147-YATIRIM FİNANSMAN A TİPİ DEĞİŞKEN FON 148-YATIRIM FİNANSMAN MEN.DEĞ. A TİPİ RESAN ÖZEL FONU 149-YAPI KREDİ YAT.MEN.DEĞ. HALK SİGORTA A TİPİ ÖZEL FON 150-ZİRAAT YATIRIM MEN.DEĞ. A TİPİ DEĞİŞKEN FON NAME OF THE MUTUAL FUND TABLE : 24 - "TYPE A" MUTUAL FUNDS (Cont.) TOTAL: 493 48,880 1,700 2,376 6,552 229 223 11,836 19,121 49 Asset Value (TL. Billion ) 1,612 3,738 1,335 4,574 15,688 232 529,998 Asset Value (TL. Billion ) 6,935 22,991 1,954 19,916 23,482 2,180 16,185 103,123 664,471 4,602 in Circulation (Thousand) Number of Shares 70,517 84,678 17,250 123,073 170,000 21,910 9,250,259 in Circulation (Thousand) Number of Shares 71,138 2,125,997 870,077 119,308 279,035 105,195 13,752 114,771 28,777 10,666 TL. Price 31.12.2000 22,866 44,138 77,382 37,168 92,283 10,604 TL. Price 31.12.2000 46,176 1,319,833 680,411 85,580 193,533 85,711 98,492 18,180 - TL. Price 29.12.1999 26,426 40,130 88,366 51,777 98,344 - TL. Price 29.12.1999 54.06 61.08 27.88 39.41 44.18 22.73 16.53 58.28 - Annual Return (%) -13.47 9.99 -12.43 -28.21 -6.16 -5.52 Annual Return (%) Capital Markets Board of Turkey Annual Report 2000 77 11-BANKEKSPRES B TİPİ DEĞİŞKEN FON 12-BANKKAPİTAL B TİPİ DEĞİŞKEN FON 13-BAYINDIR MEN. DEĞ. B TİPİ DEĞİŞKEN FON 14-BİRLEŞİK TÜRK.KÖRFEZBANK B TİPİ DEĞİŞKEN FON 15-BİRLEŞİK TÜRK KÖRFEZ BANKASI B TAHVİL VE BONO FON 16-DEMİR YATIRIM MEN.DEĞ. B TİPİ DEĞİŞKEN YAT.FON 17-DEMİRBANK B TİPİ DEĞİŞKEN FON 18-DEMİRBANK B TİPİ TAHVİL VE BONO FONU 19-DENİZBANK B TİPİ DEĞİŞKEN FON 20-DENİZBANK B TİPİ LİKİT FON 21-DENİZBANK B TİPİ TAHVİL VE BONO FONU 22-ECZACIBAŞI MEN.DEĞ. B TİPİ DEĞİŞKEN FON 23-EGE GİYİM SAN. BANKASI B TİPİ DEĞİŞKEN FON 24-EGEBANK B TİPİ DEĞİŞKEN FON 25-EGEBANK B TİPİ LİKİT FON 26-EGS YATIRIM MENKUL DEĞERLER B TİPİ DEĞİŞKEN FON 27-EKİNCİLER YAT. VE MEN. DEĞ. B TİPİ DEĞİŞKEN FON 28-ESBANK B TİPİ DEĞİŞKEN FON 29-ESBANK B TİPİ LİKİT FON 30-ETİ MENKUL KIYMETLER B TİPİ DEĞİŞKEN FON 31-ETİBANK B TİPİ DEĞİŞKEN FON 32-ETİBANK B TİPİ LİKİT FON 33-FİNANSBANK B TİPİ DEĞİŞKEN FON 34-FİNANSBANK B TİPİ LİKİT FON 35-FİNANSBANK B TİPİ TAHVİL VE BONO FONU 36-GARANTİ MEN. KIY. B TİPİ DEĞİŞKEN FON 37-GARANTİ YATIRIM MEN.DEĞ. B TİPİ LİKİT FON 38-GEDİK YAT.MEN.DEĞ. B TİPİ DEĞİŞKEN FON NAME OF THE MUTUAL FUND TABLE : 25 - "TYPE B" MUTUAL FUNDS (Cont.) 189 214 1,305 16,647 398 1,453 3,317 693 9,205 2,193 98 1,716 192 1,037 1,185 246 768 233 867 28 951 1,234 596 7,022 1,607 385 553 239 Asset Value (TL. Billion ) 1,501 742 11,116 21,569 33,228 17,067 872 61,056 178,592 50,000 2,410 3,422 2,636 234 91,703 7,797 2,837 30 261 2,824 137 38,701 95 1,124 191 656 46,247 1,454 in Circulation (Thousand) Number of Shares 125,906 288,605 117,418 771,808 11,970 85,139 3,804,697 11,343 51,541 43,864 40,799 501,517 72,946 4,428,975 12,918 31,509 270,825 7,685,592 3,322,560 9,861 6,922,577 31,878 6,303,423 6,249,163 8,404,572 587,204 11,957 164,692 TL. Price 31.12.2000 99,576 203,137 75,187 422,872 54,977 2,521,775 32,227 26,653 29,448 409,134 53,835 2,982,328 21,816 163,207 6,787,568 2,081,941 4,411,520 20,013 5,188,594 4,129,974 7,082,146 390,875 102,713 TL. Price 29.12.1999 26.44 42.07 56.17 82.52 54.86 50.87 59.93 64.57 38.54 22.58 35.50 48.51 44.44 65.94 13.23 59.59 56.92 59.29 21.49 51.31 18.67 50.23 60.34 Annual Return (%) 78 Capital Markets Board of Turkey Annual Report 2000 39-GLOBAL MEN.DEĞ. B TİPİ DEĞİŞKEN FON 40-HSBC BANK B TİPİ DEĞİŞKEN FON 41-HSBC BANK B TİPİ TAHVİL VE BONO FONU 42-İKTİSAT BANKASI B TİPİ DEĞİŞKEN FON 43-İKTİSAT BANKASI B TİPİ TAHVİL VE BONO FONU 44-İNTERBANK B TİPİ DEĞİŞKEN FON 45-İNTERBANK B TİPİ LİKİT FON 46-İSVİÇRE SİGORTA B TİPİ TAHVİL VE BONO FONU 47-İŞ YATIRIM MEN.DEĞ. B TİPİ DEĞİŞKEN FON 48-K YATIRIM MENKUL DEĞERLER B TİPİ DEĞİŞKEN FON 49-KENT YATIRIM MEN.DEĞ.B TİPİ DEĞİŞKEN FON 50-KENTBANK B TİPİ YABANCI MEN. KIY.FONU 51-KENTBANK B TİPİ DEĞİŞKEN FONU 52-KENTBANK B TİPİ LİKİT FON 53-KENTBANK B TİPİ TAHVİL VE BONO FON 54-KOÇ MENKUL DEĞERLER B TİPİ DEĞİŞKEN FON 55-KOÇBANK B TİPİ DEĞİŞKEN FON 56-KOÇBANK B TİPİ LİKİT FON 57-KOÇBANK B TİPİ TAHVİL VE BONO FONU 58-MNG BANK B TİPİ DEĞİŞKEN FON 59-OSMANLI BANKASI B TİPİ DEĞİŞKEN FON 60-OSMANLI BANKASI B TİPİ LİKİT FON 61-OSMANLI BANKASI B TİPİ TAHVİL VE BONO FONU 62-OYAKBANK B TİPİ DEĞİŞKEN FON 63-PAMUKBANK B TİPİ DEĞİŞKEN FON 64-PAMUKBANK B TİPİ LİKİT FON 65-SIN.YAT. KREDİ BANKASI B TİPİ DEĞİŞKEN FON 66-SINAİ YATIRIM BANKASI B TİPİ KARMA FON NAME OF THE MUTUAL FUND TABLE : 25 - "TYPE B" MUTUAL FUNDS (Cont.) 942 16,857 438 119 443 588 668 160 3,541 76 1,174 61 1,976 942 128 51,560 18,793 13,471 1,857 394 6,662 64,120 663 442 1,577 30,145 832 268 Asset Value (TL. Billion ) 54,679 241,100 29,404 22 71 76 377 2,972 144,912 949 82,053 6,016 19,386 80,789 10,778 1,460,855 14,551 1,000,000 7,296 26,595 195,436 1,431,820 10,242 4,842 323 3,876 1,958 27,291 in Circulation (Thousand) Number of Shares 17,226 69,916 14,890 5,373,829 6,226,794 7,759,426 1,770,519 53,874 24,437 80,246 14,307 10,115 101,937 11,655 11,908 35,295 1,291,510 13,471 254,558 14,807 34,086 44,782 64,772 91,290 4,890,271 7,777,499 424,832 9,816 TL. Price 31.12.2000 44,004 11,433 3,395,475 5,076,244 5,882,194 1,200,959 42,395 14,595 48,688 65,482 24,192 972,346 174,281 24,212 29,635 54,786 65,723 3,856,569 4,953,465 278,492 - TL. Price 29.12.1999 58.89 30.23 58.26 22.67 31.91 47.43 27.08 67.43 64.82 55.67 45.90 32.82 46.06 40.78 51.11 18.23 38.90 26.80 57.01 52.55 - Annual Return (%) Capital Markets Board of Turkey Annual Report 2000 79 67-SİTEBANK B TİPİ DEĞİŞKEN FON 68-SÜMERBANK B TİPİ DEĞİŞKEN FON 69-SÜMERBANK B TİPİ LİKİT FON 70-SÜMERBANK B TİPİ TAHVİL VE BONO FONU 71-ŞEKERBANK B TİPİ DEĞİŞKEN FON 72-T.C.ZİRAAT BANKASI B TİPİ DEĞİŞKEN FON 73-T.C.ZİRAAT BANKASI B TİPİ LİKİT FON 74-T.C.ZİRAAT BANKASI B TİPİ TAHVİL VE BONO FONU 75-T.DIŞ TİCARET BANKASI B TİPİ DEĞİŞKEN FON 76-T.EKONOMİ BANKASI B TİPİ DEĞİŞKEN FON 77-T.EMLAK BANKASI B TİPİ DEĞİŞKEN FON 78-T.EMLAK BANKASI B TİPİ LİKİT FON 79-T.EMLAK BANKASI B TİPİ TAHVİL VE BONO FONU 80-T.GARANTİ BANKASI B TİPİ YABANCI MEN. KIY.FONU 81-T.GARANTİ BANKASI B TİPİ DEĞİŞKEN FON 82-T.GARANTİ BANKASI B TİPİ LİKİT FON 83-T.GARANTİ BANKASI B TİPİ TAHVİL VE BONO FONU 84-T.HALK BANKASI B TİPİ DEĞİŞKEN FON 85-T.HALK BANKASI B TİPİ TAHVİL VE BONO FONU 86-T.İŞ BANKASI B TİPİ DEĞİŞKEN FON 87-T.İŞ BANKASI B TİPİ LİKİT FON 88-T.İŞ BANKASI B TİPİ TAHVİL VE BONO FONU 89-T.İŞ BANKASI B TİPİ YABANCI MENKUL KIY.FONU 90-T.KALKINMA BANKASI B TİPİ DEĞİŞKEN FON 91-T.TİCARET BANKASI B TİPİ DEĞİŞKEN FON 92-T.TÜTÜNCÜLER YAŞARBANK B TİPİ DEĞİŞKEN FON 93-T.TÜTÜNCÜLER YAŞARBANK B TİPİ LİKİT FON 94-T.VAKIFLAR BANKASI B TİPİ DEĞİŞKEN FON NAME OF THE MUTUAL FUND TABLE : 25 - "TYPE B" MUTUAL FUNDS (Cont.) 61 539 3,626 1,345 1,903 2,905 136,257 12,621 4,268 65,058 3,368 5,809 3,287 633 13,072 245,403 3,073 148 253 34,757 139,303 155,153 1,322 1,039 387 549 1,415 23,973 Asset Value (TL. Billion ) 1,463 119 40,994 11,590 19,279 442 15,016 1,896 232 190,311 1,032 483 296 57,335 2,710 27,742 166 50 46 10,499 8,202 27,146 1,266 209 2,179 190 3,859 3,509 in Circulation (Thousand) Number of Shares 41,606 4,534,048 88,463 116,068 98,725 6,572,910 9,073,995 6,656,889 18,385,829 341,849 3,263,232 12,019,963 11,093,576 11,035 4,823,756 8,846,029 18,536,962 2,967,844 5,536,701 3,310,389 16,985,038 5,715,458 1,044,545 4,966,691 177,539 2,884,374 366,573 6,831,955 TL. Price 31.12.2000 25,678 2,905,626 56,280 67,983 64,823 6,201,201 5,809,769 5,350,591 12,360,585 228,261 2,588,731 7,593,525 7,706,219 3,258,446 5,812,375 15,080,509 3,281,488 6,107,724 2,378,045 12,719,884 4,436,429 897,952 3,992,749 140,543 1,992,558 237,524 4,615,384 TL. Price 29.12.1999 62.03 56.04 57.18 70.73 52.30 5.99 56.19 24.41 48.75 49.76 26.06 58.29 43.96 48.04 52.19 22.92 -9.56 -9.35 39.21 33.53 28.83 16.33 24.39 26.32 44.76 54.33 48.03 Annual Return (%) 80 Capital Markets Board of Turkey Annual Report 2000 95-T.VAKIFLAR BANKASI B TİPİ KARMA FON 96-T.VAKIFLAR BANKASI B TİPİ LİKİT FON 97-T.VAKIFLAR BANKASI B TİPİ TAHVİL VE BONO FONU 98-T.VAKIFLAR BANKASI B TİPİ YABANCI KIY.FONU 99-TAIB YATIRIM A.Ş. B TİPİ DEĞİŞKEN FON 100-TARİŞBANK B TİPİ DEĞİŞKEN FON 101-TARİŞBANK B TİPİ LİKİT FON 102-TEB YATIRIM B TİPİ LİKİT FON 103-TEB YATIRIM MEN.DEĞ. B TİPİ TAHVİL VE BONO FONU 104-TEKSTİLBANK B TİPİ DEĞİŞKEN FON 105-TEKSTİLBANK B TİPİ LİKİT FON 106-TOPRAKBANK B TİPİ DEĞİŞKEN FON 107-TSKB B TİPİ DEĞİŞKEN FON 108-TSKB B TİPİ TAHVİL VE BONO FONU 109-ULUSALBANK T.A.Ş. B TİPİ DEĞİŞKEN FON 110-YAPI KREDİ BANKASI B TİPİ DEĞİŞKEN FON 111-YAPI KREDİ BANKASI B TİPİ LİKİT FON 112-YAPI KREDİ BANKASI B TİPİ TAHVİL VE BONO FONU 113-YAPI KREDİ BANKASI B TİPİ YABANCI KIY.FONU 114-YAPI KREDİ YAT.MEN.DEĞ. B TİPİ TAHVİL VE BONO FON 115-YAPI KREDİ YAT.MEN.DEĞ.B TİPİ LİKİT FON 116-YAPI KREDİ YATIRIM MEN.DEĞ.B TİPİ DEĞİŞKEN FON 117-YATIRIM FİNANS.MEN.DEĞ.B TİPİ TAHVİL VE BONO FONU 118-YATIRIM FİNANS.MEN.DEĞ.B TİPİ DEĞİŞKEN FON 119-YURT TİCARET VE KREDİ BANKASI B TİPİ DEĞİŞKEN FON 120-ZİRAAT YATIRIM VE MENKUL DEĞ. B TİPİ DEĞİŞKEN FON NAME OF THE MUTUAL FUND TABLE : 25 - "TYPE B" MUTUAL FUNDS (Cont.) TOTAL: 1,460,403 801 41,783 1,725 795 655 330 6,153 7,720 190 529 1,381 4,822 193 150 457 1,505 112,290 2,573 257 883 36,404 419 173 10,617 662 479 Asset Value (TL. Billion ) 7,924,388 14,665 12,925 66 282 13,744 153 933 498,373 17,639 502 1,185 24,725 963 214 15,706 120 5,317 458 88 15,673 293,440 32,771 12,600 203,595 10,452 16,526 in Circulation (Thousand) Number of Shares 54,647 3,232,668 26,102,978 2,822,334 47,682 2,155,558 6,593,143 15,490 10,782 1,054,341 1,165,536 195,033 200,828 701,232 29,074 12,522,769 21,117,365 5,622,504 2,920,404 56,325 124,059 12,784 13,764 52,146 63,294 28,987 TL. Price 31.12.2000 52,833 2,141,906 22,868,012 2,305,453 41,642 1,465,820 4,171,931 692,947 764,579 122,112 147,411 674,549 17,345 8,572,882 13,713,111 4,291,545 2,520,330 70,004 79,541 33,161 40,558 21,489 TL. Price 29.12.1999 41.29 3.43 50.92 14.15 22.42 14.51 47.05 58.04 52.15 52.44 59.72 36.24 3.96 67.62 46.07 53.99 31.01 15.87 -19.54 55.97 57.25 56.06 34.89 Annual Return (%) Capital Markets Board of Turkey Annual Report 2000 81 01.07.1993 Luxemburg 01.07.1993 Luxemburg 01.09.1994 Luxemburg 01.09.1994 Luxemburg 01.06.1995 Luxemburg 01.06.1995 5 American Income Portfolio (A) 6 American Income Portfolio (B) 7 Short Maturity Dollar Portfolio (A) 8 Short Maturity Dollar Portfolio (B) 9 Money Manager1 10 Money Manager 2 Luxemburg 01.06.1995 Luxemburg 3 Alliance International Health Care Fund (A) 01.07.1993 Luxemburg 01.06.1994 Luxemburg 2 American Growth Portfolio (B) 4 Alliance International Health Care Fund (B) 01.01.1997 Luxemburg 1 American Growth Portfolio (A) Name of the Mutual Fund Date of Establishment Place of Establishment Money Manager Fund Citibank N.A. New York, İstanbul Money Manager Fund Citibank N.A. New York, İstanbul Alliance Capital S.A. Eczac›baş› Men.Değ.A.Ş. Alliance Capital S.A. Eczac›baş› Men.Değ.A.Ş. Alliance Capital S.A. Eczac›baş› Men.Değ.A.Ş. Alliance International Health Care Fund SICAV Eczac›baş› Men.Değ.A.Ş. Alliance International Health Care Fund SICAV Eczac›baş› Men.Değ.A.Ş. Alliance Capital S.A. Eczac›baş› Men.Değ.A.Ş. Alliance Capital S.A. Eczac›baş› Men.Değ.A.Ş. Alliance Capital S.A. Eczac›baş› Men.Değ.A.Ş. Managament Company Local Agent 01/08/1997 01/08/1997 14/07/1997 14/07/1997 14/07/1997 14/07/1997 14/07/1997 14/07/1997 14/07/1997 14/07/1997 Beginning Date of Sales in Turkey TABLO : 26 - FOREIGN MUTUAL FUNDS ISSUED IN TURKEY 4,0 Million$ 30,3 Million$ 77,4 Million$ 1.034,0 Million$ 678,0 Million$ 1.301,2 Million$ Net Total Asset Value 4,493 32,990 4,327 0 5,447 2,998 1,209 0 4,562 8,637 59,487 435,798 41,236 0 46,300 25,483 171,086 0 163,639 336,757 13.24 13.21 9.53 9.53 8.50 8.50 141.51 153.30 35.87 38.99 12.54 12.51 9.53 9.53 8.64 8.64 112.16 120.47 43.56 46.90 5.58 5.60 4.1 4.5 7.5 8.2 26.2 27.3 -17.7 -16.9 Total number Total value Sale Price of of shares Sale Price USD $ Annual shares circulation USD $ DECEMBER Return (%) circulation in Turkey DECEMBER 31,1999 31,2000 in Turkey USD $ 82 Capital Markets Board of Turkey Annual Report 2000 01.03.1995 Luxemburg 01.03.1995 Luxemburg 01.03.1995 Luxemburg 01.03.1995 Luxemburg 01.03.1995 Luxemburg 16 Global Bonds 17 Global Balanced 18 World Equities 19 European Equities 20 US Large Company Euqities (*) As of March 31.1.1999 American Ekpress Funds Ak Yat›r›m Men.Değ.A.Ş. American Ekpress Funds Ak Yat›r›m Men.Değ.A.Ş. American Ekpress Funds Ak Yat›r›m Men.Değ.A.Ş. American Ekpress Funds Ak Yat›r›m Men.Değ.A.Ş. American Ekpress Funds Ak Yat›r›m Men.Değ.A.Ş. American Ekpress Funds Ak Yat›r›m Men.Değ.A.Ş. 01.03.1995 Luxemburg 15 Global Bonds (Euro) 14 USD Long Term Bonds 01.03.1995 Luxemburg 13 Citiselect Asia Tilt 500 17/06/1996 Enhanced Growth Luxemburg 12 CitiselectAsia Tilt 400 17/06/1996 Growth Luxemburg Citiselect Portfolios Citibank N.A. New York, İstanbul Citiselect Portfolios Citibank N.A. New York, İstanbul Citiselect Portfolios Citibank N.A. New York, İstanbul American Ekpress Funds Ak Yat›r›m Men.Değ.A.Ş. Managament Company Local Agent 11 Citiselect Asia Tilt 300 17/06/1996 Balanced Luxemburg Name of the Mutual Fund Date of Establishment Place of Establishment 28.02.2000 28.02.2000 28.02.2000 28.02.2000 28.02.2000 28.02.2000 28.02.2000 01/08/1997 01/08/1997 01/08/1997 Beginning Date of Sales in Turkey Net Total Asset Value 7,6 Million$ 328,2 MillionEuro 43,4 Million$ 22,4 Million$ 4,5 Million$ 102,5 MillionEuro 7,5 Million$ 77,2 Million$ 131,3 Million$ 110,4 Million$ TABLO : 26 - FOREIGN MUTUAL FUNDS ISSUED IN TURKEY (Cont.) 2,068.112 3,923.274 6,414.454 544.946 516.956 0 283.560 26,311 43,532 73,299 61,340 171,643 177,167 10,937 6,788 0 4,236 292,578 545,456 968,280 29.66 43.75 27.62 20.07 13.13 14.74 14.94 11.12 12.53 13.21 36.39 (*) 50.91 (*) 32.48 (*) 22.70 (*) 12.78 (*) 13.91 (*) 13.85 (*) 14.47 15.19 14.63 -18.5 -14.1 -15.0 -11.6 2.7 6.0 7.9 -23.15 -17.51 -9.71 Total number Total value Sale Price of of shares Sale Price USD $ Annual shares circulation USD $ DECEMBER Return (%) circulation in Turkey DECEMBER 31,1999 31,2000 in Turkey USD $ Capital Markets Board of Turkey Annual Report 2000 83 58.45 3.76 26.23 11.09 0.47 5,753 AK Y.O. ALTERNATİF Y.O. ATA Y.O. ATLANTİS Y.O. ATLAS M.K.Y.O. AVRASYA M.K.Y.O. BUMERANG Y.O. DEMİR Y.O. ECZACIBAŞI Y.O. EVREN M.K.Y.O. FİNANS Y.O. GARANTİ Y.O. GEDİK Y.O. GLOBAL M.K.Y.O. İŞ Y.O. MUSTAFA YILMAZ Y.O. TAC Y.O. VAKIF M.K.Y.O. VARLIK Y.O. YAPI KREDİ Y.O. YATIRIM FİNANSMAN Y.O. TOTAL: 6,991 2,456 2,042 1,465 2,134 527 497 783 839 2,209 6,197 1,286 682 1,718 30,448 230 7,339 2,225 962 6,964 541 78,536 Portfolio Value (TL.Billion) 66.02 2.02 13.03 10.28 8.65 15,612 1997 Footnote: (*) Net Assets= Portfolio Value + Liquid Assets+Accounts Receivable -Accounts Payable 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. TABLE : 28 - "TYPE A" INVESTMENT COMPANIES Shares Government Bonds Treasury Bills Reverse Repo Others Port.Value (TL.Billion) 1996 6,817 2,466 2,021 1,455 2,124 532 499 717 884 2,210 6,277 1,317 661 1,713 30,436 427 7,429 2,245 961 6,819 569 78,579 Net Asset Value 26.12.2000 6,000 1,735 500 563 858 262 450 450 875 950 3,000 250 250 740 30,000 338 1,995 500 500 1,110 563 51,887 Outstanding shares (Million) 50.45 1.79 12.67 34.63 0.46 20,216 1998 2,950 7,100 7,600 2,700 4,500 5,500 2,100 2,750 2,550 4,750 3,500 3,200 2,750 4,150 3,550 1,800 2,150 5,100 1,525 2,950 2,500 Stock Price 28.12.1999 57.09 2.95 10.01 27.02 2.93 84,172 1999 1,050 950 4,350 1,325 1,525 7,500 700 880 1,450 1,525 1,000 3,050 3,000 2,000 1,200 900 1,760 3,300 1,000 3,300 900 Stock Price 22.12.2000 TABLE : 27 - PORTFOLIO COMPOSITION OF "TYPE A" INVESTMENT COMPANIES (Percentage Distribution) -64.41 -86.62 -42.76 -50.93 -66.11 36.36 -66.67 -68.00 -43.14 -67.89 -71.43 -4.69 9.09 -51.81 -66.20 -50.00 -18.14 -35.29 -34.43 11.86 -64.00 -42.63 Annual Return (%) 56.25 1.55 10.84 30.57 0.79 78,536 2000 TABLE : 29 - PORTFOLIO COMPOSITION OF REAL ESTATE INVESTMENT COMPANIES (Percentage Distribution) Buildings and Lands Real Estate Certificate Real Estate Backed Securities Beneficial Rights Development Projects Securities Reverse Repo Others Port.Value (TL.Billion) 1997 47,13 1998 84,71 1999 17,62 2000 47,16 52,87 10,67 2,72 1,90 65,17 4,39 12,82 7.151 120.764 404.769 43,87 3,62 4,36 0,99 527.073 TABLE : 30 – REAL ESTATE INVESTMENT COMPANIES Net Asset Portfolio Value Stock Value 31.12.00 Outstanding Stock Price Price shares (TL. (TL. 22.12.00 Billion) Billion) (Million) 28.12.99 1995 1.ALARKO GAYRİMENKUL Y.O. 27.908 2.EGS GAYRİMENKUL Y.O. 198.094 3.İHLAS GAYRİMENKUL Y.O. 14.554 4.İŞ GAYRİMENKUL Y.O. 162.540 5.NUROL GAYRİMENKUL Y.O. 20.030 6.OSMANLI GAYRİMENKUL Y.O. 30.847 7.VAKIF GAYRİMENKUL Y.O. 17.755 8.YAPI KREDİ KORAY GAYRİMENKUL Y.O. 55.344 TOTAL: 527.073 1996 1997 1998 1999 2000 52.422 170.210 14.156 164.845 18.118 33.512 18.559 3.125 50.000 5.883 91.000 10.000 15.000 3.501 13.500 7.700 3.800 3.550 4.100 1.950 7.200 9.200 650 870 2.000 2.025 820 2.325 -31,85 -91,56 -77,11 -43,66 -50,61 -57,95 -67,71 60.051 531.873 10.000 188.509 4.900 2.425 -50,51 -58,87 (*) Net Assets = Portfolio Value + Liquid Assets+Accounts Receivable -Accounts Payable 84 Annual Return (%) Capital Markets Board of Turkey Annual Report 2000
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table: 1 - Capital Markets Board of Turkey
(*) : ISE Index which has been expressed as 1986 Jan. = 100 for the period 1986-1996, is expressed as 1986 January = 1, beginnig in 1997.
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