A respectable and privileged financial institution engaged in the Turkish banking industry, TEB went into action in 1927 since when brokerage operations continues in a set of various fields such as investment, leasing, factoring, insurance and portfolio management in the finance industry through an extended network of branches, product and service range. Also, TEB is one of the banks that obtained the highest degree within the group as far as the notes given by the rating agencies are concerned.
Taking the lead in professional management, transparency and ethical values as a privileged principle of working in Turkey, TEB carries on with its operation in full and strict compliance with the ‘Principles of Corporate Governance’ published by the Capital Markets Board.
TEB Mali Yatırımlar A.Ş., one of the shareholders with 84,25% of shares at TEB, which went public in 2000, executed a partnership agreement with BNP Paribas on February 10, 2005, which is the 6th largest bank in the world and is the largest of Euro zone with ongoing operations in 87 countries around the globe. The partnership enabled TEB, one of the respectable and strong brands engaged in the Turkish finance industry, and BNP Paribas, an international brand, to combine the forces and experiences. With this partnership agreement BNP Paribas had shares in TEB Investment, TEB Leasing, TEB Factoring, TEB Insurance, TEB Portfolio Management and TEB NV, a bank of the Netherlands, displaying activities in Amsterdam.
BNP Paribas is the first bank of Euro zone as far as profits and total market capitalisation are concerned. With a prominent and international network of banking, BNP Paribas plays a crucial role in Corporate and Investment Banking, International Retail Banking and Asset Management. 80 out of the largest 100 group around the globe are customers of BNP Paribas.
Target of TEB and BNP Paribas collaboration is to pave the way for a much stronger Turkish bank, as well as to convey and make available international fund of knowledge, services and products of BNP Paribas to a wider range of customer group, and to achieve an international initiative for TEB as a brand.
As a significant indication of strong collaboration with BNP Paribas, and of TEB’s opening up to the world; TEB has now become involved in the Trade Centres network of BNP Paribas that are established in 48 countries and nearly in 80 locations. Trade Centres that are open in Istanbul, Izmir and Adana throughout Turkey give support for foreign trade consultancy and banking, and offer an international opening for customers. Furthermore, this partnership has allowed TEB to set Turkish Desks in the countries where Turkish entrepreneurs are intensely operating and BNP Paribas has a strong hand.
Following the partnership with BNP Paribas, TEB has expanded its expertise in corporate, commercial and private banking to private banking, enterprise banking and SME Banking.