Type Bank Industry Banking Products Financial Services Customer service 00 90 850 200 0666 Founded 1927, İzmit, Turkey | Traded as BİST: TEBNK Key people Mr. Ümit Leblebici Website www.teb.com.tr Headquarters Istanbul, Turkey | |
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CEO Ümit Leblebici (1 Sep 2013–) Parent organizations BNP Paribas, TEB Holding A.S. Subsidiaries TEB N.V., TEB Yatirim Menkul Degerler A.S., The Economy Bank NV, TEB Faktoring A.S. Profiles | ||
Türk Ekonomi Bankası (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.
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. in Kosovo.