Türk Ekonomi Bankası

Türk Ekonomi Bankası A.Ş. (Turkish Economy Bank), abbreviated TEB, was founded in 1927 by private investors as a regional bank under the name of Kocaeli Bankası T.A.Ş. in İzmit, Turkey.

Türk Ekonomi Bankası A.Ş.
Anonim Şirket
Traded asBİST: TEBNK
IndustryBanking
Founded1927
HeadquartersIstanbul, Turkey
Number of locations
503 branches (2018)[1]
Key people
Ümit Leblebici
ProductsFinancial Services
Revenue₺5.5 billion (2018)[2]
₺1.3 billion (2018)[2]
₺1.0 billion (2018)[3]
Total assets ₺97.0 billion (2018)[1]
Total equity ₺9.7 billion (2018)[4]
Number of employees
9,487 (2018)[1]
ParentTEB Mali Yatırımlar A.Ş.
Websitewww.teb.com.tr

In 1981 the bank was purchased by the Çolakoğlu Group, which changed its name to Türk Ekonomi Bankası A.Ş. in 1982. The bank has enjoyed a reputation for prudent and successful management ever since becoming active in commercial and private banking.

In March 2005, TEB signed a joint venture agreement with the French BNP Paribas SA, one of the largest financial services groups in the world. TEB has been aggressively expanding its retail network in Turkey ever since and had 541 branches as of 2013. Ümit Leblebici is the CEO of the bank.

TEB has also two other subsidiaries outside Turkey: TEB NV (The Economy Bank) in the Netherlands, and TEB Sh.A.[5] in Kosovo.

See also

References
  1. TEB 2018 Annual Report 2018, p. 16.
  2. TEB 2018 Annual Report 2018.
  3. TEB 2018 Annual Report 2018, p. 133.
  4. TEB 2018 Annual Report 2018, p. 11.
  5. "TEB Sh.A - Ballina".

Sources


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