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Türk Ekonomi Bankası

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Türk Ekonomi Bankası A.Ş.
Company typeAnonim Şirket
IndustryBanking
Founded1927; 97 years ago (1927)
HeadquartersAnkara, Turkey / Istanbul, Turkey
Key people
Ümit Leblebici
ProductsFinancial services
SubsidiariesTEB Yatırım Menkul Değerler, TEB Faktoring, TEB Portföy Yönetimi

Türk Ekonomi Bankası (TEB; English: Turkish Economy Bank) is one of Turkey’s oldest financial institutions. In addition to providing its customers with corporate, SME, commercial, treasury & capital market, retail, and private banking products and services, TEB also supplies investment, leasing, factoring, and portfolio management financial services and products through its subsidiaries and group companies. TEB is a bank that provides consumer loans, vehicle loans, housing loans and commercial loans.[1]

Originally established in the city of İzmit in 1927 as a privately owned joint-stock company with the name Kocaeli Halk Bankası TAŞ,[2] in 2005 TEB entered into a strategic partnership with BNP Paribas.[3]

TEB was one of the first banks in Turkey to enter into mobile banking.[4] The bank’s investments in this business line were centered around its CEPTETEB platform, a mobile application released in 2008.

TEB first entered the SME banking business in 2005.[5] TEB is also active is startup business banking.

As of end-2019, TEB had around nine thousand employees on its payroll and was serving customers through extensive branch and ATM networks, its CEPTETEB and CEPTETEB İŞTE mobile apps, an online banking website, and a call center.[6]

TEB is a partner in American financial company Bank of America's International ATM Partnership.[7]

Three TEB subsidiaries include:

  • TEB Faktoring AŞ: provides corporate and commercial firms, as well as SMEs, with export, import, and domestic factoring products and services since 1997.[8]
  • TEB Portföy Yönetimi AŞ: an asset management company that has been in business since 1999.
  • TEB Yatırım Menkul Değerler AŞ: a brokerage house that commenced operations in 1996 and carries out capital market transactions on behalf of customers in accordance with the requirements of Turkish capital market laws and regulations.

References

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  1. ^ Servi, Ali (13 October 2021). "TEB Yüzde 1,59 Faiz İle Anında 5 Bin Lira Kredi Sağlıyor!". Gazete Banka. Archived from the original on 20 October 2021. Retrieved 13 October 2021.
  2. ^ "History". Retrieved 15 August 2024.
  3. ^ "BNP Paribas - Invest in Türkiye". www.invest.gov.tr (in German). 2023-05-03. Retrieved 2024-08-15.
  4. ^ "Turkey's TEB reaps online early-mover reward". www.thebanker.com. Retrieved 2024-08-15.
  5. ^ "The Secret of TEB's Success: Innovation and Customer-Service Excellence". International Banker. 2014-11-26. Retrieved 2024-08-15.
  6. ^ "TEB'den KOBİ ve işletmeler için yeni platform: CEPTETEB İŞTE". Webrazzi (in Turkish). 2020-01-10. Retrieved 2024-07-19.
  7. ^ "Bank of America Financial Centers and ATMs". Bank of America. Retrieved 2024-08-15.
  8. ^ "TEB'de Üsy Düzey Üç Atama Bırden". ST Endüstri Haber (in Turkish). Retrieved 2024-08-15.

Sources

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