Cost Management and Efficiency Committee

Committee Officer: Yazgı Demiralp/ Sertaç Kanat

Type of Committee: Main Committees

Subcommittee Type: Orientation / Coordination

Committee's Aim / Responsibilities: The Cost Management Committee's mission is to support the local Steering Committee in order to control costs within the context of real revenue performance (operating efficiency) and to achieve savings against the budget by optimizing budget implementation over the course of the year.

The Committee is also responsible for:

  • Proposals authorization for BAU spending, adjustments of budget ceilings and exceedance following the criteria defined in the Expense and Investment Management Internal regulation.
  • Forum for Cost Managers to report on the evolution of the consolidated expenses propose initiatives for expenses optimization.
  • This forum may define or submit efficiency measures to higher authorities and block or reallocate budget surpluses depending on efficiency performance.

Committee History: Established on January 2016.

Meeting Frequency: The committee is held in two different groups: investment requests are evaluated on a quarterly committee, while efficiency projects are evaluated twice a year when needed.

Number of Meetings (2023): 2 meetings were held. (February, December)

Number of Meetings (2024): 2 meetings are planned. (May, August)

Committee Members 

Committee Members

Committee Members' Titles

Committee Members' Roles

Recep Baştuğ

CEO / Board Member


Aydın Düren

Board Member / Responsible for Legal Services


Aydın Güler

Finance & Treasury EVP


Ceren Acer Kezik

Retail Banking EVP


Mahmut Akten

Corporate, Investment Banking & Global Markets EVP


Tuba Köseoğlu Okçu

Talent & Culture EVP


İlker Kuruöz

Engineering & Data EVP


Çağrı Süzer

Payment Systems, Partnerships, Client Solutions and Digital Banking EVP


Murat Atay

Chief Credit Risk Officer


Cemal Onaran

Commercial Banking EVP


Sibel Kaya

SME Banking EVP



GOSAS_Payment Systems Responsible CEO /

Payment Systems & Partnership EVP


Tolga Haliler

Organization & Process Development Director*

Participant Member

İlke Badraslı Temel

Talent & Culture Front Director*

Participant Member

Vahan Üçkardeş

Financial Planning and Analysis Director Director*

Participant Member

Hatice Güler

Strategic Planning Director*

Participant Member

Yazgı Demiralp

Investment & Cost Management Director


Sertaç Kanat

Cost Analysis & Efficiency Manager

Member / Secretary

(*) Other committee participants. They are not standing committee members.