Copyright © TEB NV 2009
Important Announcement to our Clients and Correspondents
On July 24 2015, Turk Ekonomi Bankasi AS by a decision of its Supervisory Board resolved to sell all its 100 % participation in TEB NV to BNP Paribas Fortis SA/NV.
Following the due approvals from regulators, the share transfer was made on December 11, 2015 making BNP Paribas Fortis SA/NV the sole shareholder of TEB NV.
This shareholder change within BNP Paribas Group is also a part of the strategic decision to wind down the activities of TEB NV gradually during 2016.
It is estimated that the termination of banking activities will be completed for the most part in the first half of 2016.
If not already done, we will contact clients in due course for their existing contracts with our Bank.