TÜRK EKONOMI BANKASI (TEB)

Established in 1927, Türk Ekonomi Bankasi (TEB) is one of the oldest and trustworthy actors in the Turkish finance sector, specialized in foreign trade, corporate, investment and private banking. Since its establishment, TEB, with its expanded network of branches and a diversified range of products and services, pursues operating in various fields of the banking sector as investment, leasing, factoring and portfolio management. Türk Ekonomi Bankasý is one of the highest-rated banks in its category in Turkey.

TEB Mali Yatýrýmlar A.Þ., which owns 84.25% of Türk Ekonomi Bankasý that went public in February 2000, signed a strategic partnership deal in 2005 with BNP Paribas. In the wake of its partnership with BNP Paribas, TEB carries its expertise in foreign trade, corporate, commercial and private banking over into the fields of retail banking and banking for small and medium-sized businesses. The number of TEB branches, which was 87 by the end of 2004, is near 300 in 2008.
In 2007, partnerships have been established between TEB and BNP Paribas' subsidiaries: Cetelem (consumer credit), Arval (long-term management of cars and light trucks) and UCB (mortgage financing).

The first outcome of TEB's partnership with BNP Paribas manifests itself in the international outlook it offers its customers by providing them with consultancy and banking support in foreign trade by means of the Trade Centers opened in Ýstanbul, Ankara, Ýzmir and Adana in Turkey to join a network of 85 other Trade Centers throughout the world. With this partnership, TEB has also begun to establish Turkey Desks in countries where Turkish entrepreneurs operate extensively. Turkey Desks operate in Algeria, Ukraine, Egypt and Russia.

www.teb.com.tr