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