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. To learn more about how TEB is succeeding with the Women’s Market, read our Case Study.
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.