The BNP Paribas Group is committed to financing the real economy through its diversified, client-driven business model. Placing clients at the very heart of its business model, it adapts its global expertise to the local specificities of every country in which it is established.
The Group commits to serving the interests of its clients by:
- providing them wide range of innovative products and services they need
- giving them clear and reliable information
- acting with honesty, loyalty, equity and authenticity
- increasing their financial literacy
BNP Paribas in Turkey ensures its individual clients a wide range of products and services:
- Consumer credits (Personal Finance)
- Insurance (Cardif)
- Private Banking
By capitalizing on the global organization and expertise of the BNP Paribas Group, TEB offers its customers a wide array of financial products and services, including Corporate, SME, Personal and Private Banking, and Treasury and Capital Markets services, as well as investment, leasing, factoring, insurance and asset management.
As of the end-2013 3Q, TEB was serving its 5 million customers through:
- 10,044 employees,
- 537 branches in 71 cities,
- a balance sheet size of TL 51.4 billion,
- 1,594 ATMs,
- the Internet branch at www.teb.com.tr,
- the 444 0 666 Call Center
Relying on the strength of its partner, BNP Paribas, and the support of the BNP Paribas organizations in nearly 80 countries, TEB enables its customers to benefit from the global vision and the facilities of BNP Paribas. The synergic cooperation established with BNP Paribas allows TEB to continuously keep a close view of developments in global markets.
From past to present: TEB
TEB (the “Bank”) was initially founded under the title of Kocaeli Halk Bankası T.A.Ş. in 1927. The Bank was acquired by the Çolakoğlu Group in 1982 and renamed as “Türk Ekonomi Bankası A.Ş.”, and its headquarters were moved to Istanbul.
Having focused on foreign trade finance and investment banking during the 1980s, TEB shares were offered to the public in February 2000. The Bank shares began trading under the TEBNK ticker in the National Market of the Istanbul Stock Exchange on December 31st, 2012. TEB shares are also listed on the depository receipt market of the London Stock Exchange.*
On February 10th, 2005, TEB signed a partnership agreement with BNP Paribas, the largest bank in the Eurozone and the 6th largest in the world, operating in nearly 80 countries. By entering cooperation with BNP Paribas, one of the most prestigious brands in the international markets, TEB was able to carry its global vision further.
As the BNP Paribas Group acquired a majority stake in Fortis Bank Belgium and Fortis Bank Luxemburg, the Group became the principal shareholder of Fortis Bank Turkey (Fortis Bank). Consequently, BNP Paribas and the Çolakoğlu Group, the indirect majority shareholders in TEB, entered a memorandum of understanding, whereby TEB and Fortis Bank were to be merged. The two banks were legally merged on February 14th, 2011.
Following the merger, TEB Holding remained the majority shareholder in TEB with a 55% share, while BNP Paribas Group and the Çolakoğlu Group will each continue to hold 50% of TEB Holding. Following the legal merger, TEB completed the operational merger rapidly and in a trouble-free manner for all of its stakeholders, including its customers, realizing one of the most successful mergers in Turkish Banking history.
BNP Paribas Cardif in Turkey continues its operations in Turkish insurance sector since 2008 in the fields of individual protection insurance and life insurance. BNP Paribas Cardif in Turkey has become capable of providing their customers individual pension products as of 2010 and has three licenses on pension, life insurance and elemental insurance services. BNP Paribas Cardif Turkey has become an insurance platform that provides comprehensive service on the market with their wide portfolio and international vision, in a short time.
BNP Paribas Personal Finance is the specialist in providing personal loans via its activities in consumer credit and mortgage lending.
Within the BNP Paribas Group, the BNP Paribas Personal Finance Group is a partner to private individuals for their daily budgeting needs: consumer credit, home loans, savings and insurance products.
Present in more than 20 countries on 4 continents with over 16,000 people, it is the number 1 in Europe for personal loans and a partner to private individuals for their daily budgeting needs. It is also the leading player in the field of responsible lending.
Through its brands, Cetelem, Findomestic, and Crédit Moderne, BNP Paribas Personal Finance is capable of offering, a full range of personal credit products via points of sale and via its customer relations centres and Internet.
TEB Private, the pioneer in private banking in Turkey, offering its services since 1989.
TEB Private, with its “Tailor made service” approach, has prepared all its banking and investment services to its elite customers who own assets of a certain size. With 10 Private Regions and 15 Corners around Turkey, we are aiming tailor made solutions for both financial and non-financial services joined with local and global experience in order to create lifetime relationships with our clients.