TEB Bank

Türk Ekonomi Bankası (TEB), (English: Turkish Economy Bank) is one of Turkey’s oldest financial institutions. In addition to providing its customers with corporate, SME, commercial, treasury & capital market, retail, and private banking products and services, TEB also supplies investment, leasing, factoring, and portfolio management financial services and products through its subsidiaries and group companies. TEB is a bank that provides consumer loans, vehicle loans, housing loans and commercial loans. Originally established in the city of İzmit in 1927 as a privately-owned joint-stock company with the name Kocaeli Halk Bankası TAŞ, in 2005 TEB entered into a strategic partnership with BNP Paribas, a leading euro area banking group. TEB was one of the first banks in Turkey to invest in mobile banking. The bank’s investments in this business line were centered around its CEPTETEB platform, a mobile application that introduced many innovations not just in the Turkish banking industry but throughout the world when it was released in 2008. Given a makeover in 2015, CEPTETEB became the primary mobile banking channel for TEB’s retail customers. In early 2020, TEB introduced CEPTETEB İŞTE (“CEPTETEB For Business'') , a version of the app specifically designed for its SME, corporate, and micro business banking customers. The rapidly-won success of CEPTETEB İŞTE earned the app an award in the “Mobile” category of the “Innovation in Digital Banking Awards'' series organized by The Banker', an international financial affairs monthly owned by The Financial Times. The first bank in Turkey to enter the private banking business line, TEB has been providing its high-net-worth customers with private banking and asset management products and services since 1989.