We met 2010 with negative expectations; there was a risk that high public debt could cause a chain reaction, potentially plunging the country back into a crisis. There was also the possibility that the recession in developed countries would bring about a second dip. Yet our fears were not realized.

Mustafa V. Koç

Chairman

We have left behind a year that was scene to important developments for the world. Despite the ongoing challenges in the global markets, Koç Group continued to deliver successful financial and operational performance. Undoubtedly, Turkey’s robust growth environment played a significant role in our achievements.

Turgay Durak

CEO

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