TEB

Türk Ekonomi Bankası A.Ş. (TEB) is a leading SME bank in Turkey, serving this segment with a myriad of innovative financial solutions.

About TEB

Founded in 1927, TEB is a leading financial institution in the Turkish banking sector. It offers a wide range of products and services, including a number of credit, savings, insurance and investment retail products. TEB began serving the SME sector in 2005 and has become a leading player in this segment, having already reached more than 40,000 entrepreneurs through its aim to become the “consultant bank for SMEs.” TEB’s innovative banking approach is centered on the provision of non-financial services (including TEB’s SME Academy, SME Club, SME Consultants, SME Support Line and SME TV), along with its core financial offering. With an asset base of over US$25 billion, TEB currently serves more than 5.5 million customers through its network of over 550 branches and employs over 10,000 employees.

The Program

In 2014 the bank began supporting female entrepreneurs with a specially designed suite of products and services, formally launching its TEB Women Banking program in May of 2015. With the support of the EBRD, TEB offers a collateral-free business loan of up to 125,000 TL (US$42,000), as well as includes flexible collateral such as gold and other products. The program’s non-financial services include access to education, including training on business planning and leadership skills, as well as access to a range of curricula for the specific commercial life cycle needs of an entrepreneur, integrating coaches and mentors. The networking CVP includes strategic partnerships to support export-oriented and domestic businesses. On access to markets, the bank supports women in accessing government contracts as well as building a pipeline of corporations with supplier diversity strategies. To learn more about how TEB is succeeding with the Women’s Market, read our Case Study.

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WOMEN AT TEB

Women make up
53 percent of
TEB’s staff.

In 2015, TEB signed on
to the IFC’s She Works
initiative to advance
women’s employment
at the bank.

TEB was established
in 1927 and BNP Paribas,
one of the strongest
banks in the world,
with operations in more
than 80 countries,
became a partner of
TEB in 2005.

The bank is one of the
major players in the
Turkish financial
services market, with
an asset size of
70.4 billion TL
(US$24.4 billion) and
more than 10,000
employees as
of June 2015.

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The Opportunity - Turkey

  • 57%

    of Turkish women participated in the labor force as of 2017, according to Findex.
  • 53%

    of women in Turkey had an account at a formal financial institution in 2017, Findex reported.
  • 11%

    of women in the country borrowed money from a formal financial institution in 2017, yet more than half of all Turkish women reported taking out a loan that year, Findex found.
  • 18%

    of Turkish women saved at a bank in 2017, according to Findex, but 40% engaged in savings behavior of some sort that year.

TEB