Varol Civil

Turk Ekonomi Bankasi AS engages in banking products and services. It operates through the following segments: Retail and Private, Corporate, Small-Medium Enterprise (SME) Banking, Treasury, and Asset Liability Management. The Retail and Private Banking segment provide consumer loans, personal financing, housing, workplace and vehicle loans for customer needs related to general consumption, purchase of durable goods, and real estate. The Corporate Banking segment provides financial solutions and banking services to large-scale local firms, holdings and their group companies, and multinational companies operating in Turkey. The SME Banking segment provides small and medium-sized enterprises with financial solutions and exclusive services for non-financial matters. The Treasury and Asset Liability Management segment manages the maturity mismatch, by adopting a principle foreseeing to work with a positive balance sheet margin. The company was founded in 1927 and is headquartered in Istanbul, Turkey.

TEB Holding AS is a joint venture which engages in the investment business. Its activities include direct and indirect investment in domestic and foreign companies, as well as management and operation. The joint venture was founded by Ali Nuri Çolakoglu, Hasan Tevfik Çolakoglu, Ergin Erel, Turgut Özer, and Kemal Er on December 10, 1980 and is headquartered in Istanbul, Turkey.