4603 Law on the privatization of the state commercial banks

The law on the privatization of the state commercial banks has been published in the Official Gazette in Turkey on 27 November 2000. the purpose of the law on the privatization of the state commercial banks is to to realize the arrangements for restructuring of Türkiye Cumhuriyeti Ziraat Bankası, Türkiye Halk Bankası Anonim  Şirketi and Türkiye Emlak Bankası Anonim  Şirketi (hereinafter collectively called “banks”) in such a way as to ensure their operation according
to the requisites of contemporary banking and international competition and their preparation for privatization and for the sale of their shares and to realize sale, up to 100%, of their shares to real and legal persons  subject to the provisions of
private law.