A reputable institution in the Turkish banking sector, TEB was established in 1927. Since its establishment, the bank has expanded its network of branches to about 500, with more than 9,000 employees offering a diversified range of products and services. TEB operates in various fields of the banking sector, including investment, leasing, factoring and portfolio management. In the wake of its strategic partnership with BNP Paribas in 2005, TEB carried its expertise in corporate, commercial and private banking over into the fields of retail banking, small business banking and SME banking. TEB continues to increase its effort to provide multidimensional support that will nourish Turkey’s economic and social growth.
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 has offered collateral-free business loans to women totaling 50 million euro. The bank also accepts flexible collateral such as gold, and offers a credit guarantee fund 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. To learn more about how TEB is succeeding with the Women’s Market, read our Case Study.