About The Economy Bank N.V.
The Economy Bank N.V. is a fully licensed bank with license number 12000039 and is subject to supervision of De Nederlandsche Bank N.V. (The Dutch Central Bank) as well as the AFM (The Netherlands Authority for the Financial Markets).
De Nederlandsche Bank N.V. (The Dutch Central Bank)
AFM (The Netherlands Authority for the Financial Markets).
In November 1998 The Economy Bank N.V. (TEB NV) became operational subject to the banking regulations and legislation of the Netherlands. Since then TEB NV has been making ongoing progress in achieving its mission: to become one of the most effective and service-oriented financial institutions specialized in both Turkish and European financial markets and trade finance products. TEB NV is fully owned by TEB A.S. Istanbul, Turkey. In 2005, our parent company became a joint venture of BNP Paribas, one of the largest financial groups in the world, and this development has contributed considerably to the overall activities. Thanks to the BNP Paribas Group’s outstanding network, TEB NV has extended its geographic reach to 85 countries worldwide, with an initial focus on North Africa and Eastern Europe-Asia.
For further information please click on our Annual Reports
Members of the Board of Supervisory Directors |
|
Chairman |
Dr. Akin Akbaygil |
Vice Chairman |
John Shakeshaft |
Member |
Varol Civil |
Member |
Jean-Milan C.D. Givadinovitch |
Member |
Ayse Asardag |
Member |
Arnaud D.JS Tellier |
Member |
Victor P.G. de Seriere |
Management Board |
|
CEO |
Ozden Basaran Odabasi |
Director |
Can Kural |
Mission Statement
Our mission is to offer sophisticated and user-friendly financial products and services to private customers, corporate customers and other targeted groups of customers. We do however specialize in complex international trade and commodity finance transactions.
The Dutch Banking Code
The Dutch Banking Code (the Code) was adopted by the Dutch Banking Association (NVB) in September 2009 and came into effect on 1 January 2010. The Code lays out the principles by which Dutch banks should conduct themselves in terms of corporate governance, risk management, audit and remuneration. The Banking Code applies to all activities performed by banks that are in possession of a banking license granted under the Dutch Financial Supervision Act (Wft). The Banking Code therefore applies to The Economy Bank N.V. 
