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.
This report offers a summary of the bank's performance in 2005-2013. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.
In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector and the key statistics of the whole banking system in Turkey
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