A respectful and privileged financial institution of the Turkish banking industry, TEB has started its banking operations in 1927. With its network of branches, and variety of products and services expanded since its year of foundation, TEB is continuing its business operations in various different fields of financial industry such as investment, leasing, factoring, insurance and portfolio management. As for the ratings granted by rating agencies of banks in our country, TEB is one of the banks holding the highest ratings in its group.
One of the pioneers of professional management, transparency and ethical values as its working principle of top priority in Turkey, TEB is carrying out its activities in full compliance with the “Corporate Governance Principles” published by the Capital Markets Board.
After going public in February 2000, TEB Mali Yatırımlar A.Ş., currently holding 84.25 of capital shares of TEB, has, on 10 February 2005, entered into a partnership agreement with BNP Paribas, being the 6th largest bank of the world and the largest one in Euro zone, with its operations in a total of 87 countries. This partnership has combined the powers and experiences of TEB, as one of the respectful and strong brands of the Turkish financial industry, with those of BNP Paribas, standing as an international trademark. Through this partnership agreement, BNP Paribas has acquired shares in TEB Investment, TEB Leasing, TEB Factoring, TEB Insurance, TEB Portfolio Management, as well as TEB NV, operating in Amsterdam as a Dutch bank.
BNP Paribas is the number-one bank of Euro zone in terms of profit and total market value. Having a leading international banking network, BNP Paribas plays a very important role in Corporate and Investment Banking, International Retail Banking and Asset Management fields. As a result, out of the largest 100 groups of the world, 80 are customers of BNP Paribas.
The cooperation between TEB and BNP Paribas aims not only to create a far more powerful Turkish bank, but also to reach larger masses with the international know-how, services and products of BNP Paribas, and to expand the reach of TEB brand over the international platform.
As an important indicator of collaboration with BNP Paribas, and of opening up of TEB to the world, TEB has also been included in the network of Trade Centers of BNP Paribas located in around 80 points in 48 countries. Trade Centers opened in Istanbul, İzmir and Adana in Turkey are offering consulting and banking support services to their customers in foreign trade field, thus enabling them to open up to the world.
In addition, through this partnership, TEB has started to establish Turkish Desks in countries where the Turkish entrepreneurs are operating intensively, and BNP Paribas has a strong presence.
Relying upon its partnership with BNP Paribas, TEB is carrying its competence in corporate, commercial and private banking fields also to retail banking, enterprise banking and SME banking fields.
TEB has participated in TakasNet system in 2006.