The Economy Bank N.V. (TEB NV) established in 1988 in Amstelveen, is the Dutch subsidiary of TEB AS, Istanbul, a Turkish Bank whose majority shares are owned by BNPP.
Tailor made solutions
TEB NV has a full banking licence and operates under the prudential supervision of the Dutch Central Bank, “De Nederlandsche Bank”. With a consistent mission since its establishment and benefiting from the BNPP Group’s global network, TEB NV has gained its reputation over the years, as “the expert in providing tailor made solutions to its clientele in commodity and trade finance” particularly in Turkey, Mediterranean basin and Eastern Europe.
Individuals and corporates
TEB NV also provides private banking services to high net-worth individuals and corporate clients on an “execution only” basis. Since a few years the bank also offers savings products to Dutch retail customers under the local deposit guarantee scheme.
With its customer friendly services and attractive product conditions, TEB NV has managed to create brand awareness in the retail market in a short period of time.
