On July 24 2015, Turk Ekonomi Bankasi AS made a decision to sell all its 100 % participation in Economy Bank N.V., The (TEB NV) to BNP Paribas Fortis SA/NV. BNP Paribas Group is also a part of the strategic decision to wind down the activities of TEB NV gradually during 2016.
Economy Bank NV, The participates in the deposit guarantee scheme of the Netherlands. This deposit guarantee scheme applies to current accounts, savings accounts, term deposits made by private individuals, legal entities and covers up to up to 100,000 EUR per bank per depositor. Economy Bank NV, The is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it.
Economy Bank NV, The is a member of BNP Paribas (France) and operated as a branch of Türk Ekonomi Bankası A.Ş. (Turkey).
Economy Bank NV, The was located in Amstelveen.