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

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.

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 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.

 

WOMEN AT TEB

Women make up more than 50 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.



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The Opportunity in Turkey

32%

of Turkish women participated in the labor force as of 2017, according to the World Bank.

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.

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