€55,000,000 - Syndicated Term Loan Facility

Bucharest, 11th of October 2005

We are pleased to announce that the above transaction was signed in Bucharest, Romania today October 11, 2005.

The facility, launched at €30,000,000, proved successful in syndication and was oversubscribed. However, the Borrower elected to accept only part of the oversubscription raised and increased the facility amount to €55,000,000. Commitments received were scaled back accordingly.

The facility was arranged by Alpha Bank A.E., The Bank of New York, Commerzbank Aktiengesellschaft, GarantiBank International N.V., Raiffeisen Zentralbank Österreich AG, and Wachovia Bank, National Association. A full listing of participating banks is provided below:

Alpha Bank A.E.	Mandated Lead Arranger
The Bank of New York	Mandated Lead Arranger
Commerzbank Aktiengesellschaft	Mandated Lead Arranger
GarantiBank International N.V.	Mandated Lead Arranger
Raiffeisen Zentralbank Österreich AG	Mandated Lead Arranger
Wachovia Bank, National Association	Mandated Lead Arranger
Piraeus Bank S.A., London Branch	Arranger
HSH Nordbank AG	Arranger
Standard Bank Plc	Arranger
American Express Bank GmbH	Lead Manager
Bayerische Hypo- und Vereinsbank AG	Lead Manager
Habibsons Bank Limited	Lead Manager
Mashreqbank PSC	Lead Manager
National Bank of Egypt (UK) Limited	Lead Manager
VakifBank International AG	Lead Manager
Bank Leumi le-Israel B.M.	Manager
CoBank, ACB	Manager
DenizBank AG	Manager

The interest margin is Euribor plus 0.90% per annum, and a maturiy of one year.

Finansbank (Romania) S.A. (the "Bank") is a majority-owned subsidiary of Finansbank A.S. Turkey and has a license to engage in commercial banking activities in Romania. The Bank provides a broad range of corporate and retail banking services through a total of 30 service points (branches & agencies) throughout the country and employs approximately 900 people.

As of June 30, 2005, the Bank had €256.5 million in total assets, €166.6 million in net loans and €175.2 million in deposits. As of the same date, the Bank also had approximately 16,000 corporate customers and 250,000 retail customers.