By Helgi Library - June 26, 2018
Turk Ekonomi Bankasi made a net profit of TRY 1,088 mil under revenues of TRY 4,633 mil in 2017, up 15.3% and -1.94% respectively com...
By Helgi Library - June 26, 2018
Turk Ekonomi Bankasi made a net profit of TRY 1,088 mil under revenues of TRY 4,633 mil in 2017, up 15.3% and -1.94% respectively com...
By Helgi Library - December 12, 2019
Turk Ekonomi Bankasi's customer loans reached TRY 63,325 mil in 2017, up 12.3% compared to the previous year. Turkish banking s...
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By Helgi Library - December 12, 2019
Turk Ekonomi Bankasi's customer loans reached TRY 63,325 mil in 2017, up 12.3% compared to the previous year. Turkish banking sector provided customer loans of TRY 2,209 bil in 2017, up 20.6% when compared to the last year. Turk Ekonomi Bankasi accounted ...
By Helgi Library - December 12, 2019
Turk Ekonomi Bankasi's customer deposits reached TRY 55,534 mil in 2017, up 11.5% compared to the previous year. Turkish banking sector accepted customer deposits of TRY 1,670 bil in 2017, up 17.8% when compared to the last year. Turk Ekonomi Bankasi acco...
By Helgi Library - December 12, 2019
Turk Ekonomi Bankasi's customer deposits reached TRY 55,534 mil in 2017, up 11.5% compared to the previous year. Turkish banking sector accepted customer deposits of TRY 1,670 bil in 2017, up 17.8% when compared to the last year. Turk Ekonomi Bankasi acco...
By Helgi Library - June 26, 2018
Turk Ekonomi Bankasi employed 9,464 persons in 2017, down 1.83% when compared to the previous year. Historically, the bank's workforce hit an all time high of 10,142 persons in 2014 and an all time low of 2,619 in 2005. Average cost reached USD 2,817 per month pe...
By Helgi Library - June 26, 2018
Turk Ekonomi Bankasi employed 9,464 persons in 2017, down 1.83% when compared to the previous year. Historically, the bank's workforce hit an all time high of 10,142 persons in 2014 and an all time low of 2,619 in 2005. Average cost reached USD 2,817 per month pe...
By Helgi Library - November 29, 2018
Turk Ekonomi Bankasi's mortgage loans reached TRY 7,735 mil in 2017, down 9.50% compared to the previous year. Turkish banking sector provided mortgage loans of TRY 193 bil in 2017, up 16.7% when compared to the last year. Turk Ekonomi Bankasi accounted f...
By Helgi Library - November 29, 2018
Turk Ekonomi Bankasi's mortgage loans reached TRY 7,735 mil in 2017, down 9.50% compared to the previous year. Turkish banking sector provided mortgage loans of TRY 193 bil in 2017, up 16.7% when compared to the last year. Turk Ekonomi Bankasi accounted f...
By Helgi Library - September 29, 2018
Turk Ekonomi Bankasi's retail deposits reached TRY 40,588 mil in 2017, up 10.7% compared to the previous year. Turkish banking sector accepted retail deposits of TRY 945 bil in 2017, up 17.2% when compared to the last year. Turk Ekonomi Bankasi accounted ...
By Helgi Library - September 29, 2018
Turk Ekonomi Bankasi's retail deposits reached TRY 40,588 mil in 2017, up 10.7% compared to the previous year. Turkish banking sector accepted retail deposits of TRY 945 bil in 2017, up 17.2% when compared to the last year. Turk Ekonomi Bankasi accounted ...
By Helgi Library - June 25, 2018
Turk Ekonomi Bankasi employed 9,464 persons in 2017, down 1.83% compared to the previous year. Historically, the bank's workforce hit an all time high of 10,142 persons in 2014 and an all time low of 9,288 in 2012. The bank operated a network of 504 branch...
Türk Ekonomi Bankası (Turkish Economy Bank, or TEB) is a Turkey-based commercial bank. The Bank offers retail and commercial banking products and services, such as credit and debit cards, private and commercial loans, savings and checking accounts and money transfers, issuing letters of guarantee, foreign currency and non-cash loans and commercial loan deposit accounts, as well as portfolio management, mutual and pension fund management, international trade finance and securities brokerage. At the end of 2013, TEB operated 544 branches and employed over 10,000 people. The Bank was founded in 1927. In 2005, TEB signed a joint venture agreement with the French BNP Paribas SA. The Bank merged by absorption with Fortis Bank in February 2011.
Turk Ekonomi Bankasi has been growing its revenues and asset by 19.1% and 20.2% a year on average in the last 10 years. Its loans and deposits have grown by 23.6% and 21.9% a year during that time and loans to deposits ratio reached 114% at the end of 2017. The company achieved an average return on equity of 12.7% in the last decade with net profit growing 22.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 53.7% in 2017, compared to 62.2% average in the last decade.
Equity represented 10.4% of total assets or 14.4% of loans at the end of 2017. Turk Ekonomi Bankasi's non-performing loans were 3.01% of total loans while provisions covered some 63.8% of NPLs at the end of 2017.
Turk Ekonomi Bankasi stock traded at per share at the end of 2017 resulting in a market capitalization of . Over the previous five years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 12.1% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of x in 2017.
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