Economy Bank NV, The

Business Focus
corporate banking

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.

Bank Category

Branches of foreign banks

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Deposit Guarantee Fund (DGF)
Covered Depositors
private individuals
legal entities
Covered Accounts
current accounts
savings accounts
term deposits

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.

Member of Group

 BNP Paribas (France)

Headquarters

Türk Ekonomi Bankası A.Ş. (Turkey)

Economy Bank NV, The is a member of BNP Paribas (France) and operated as a branch of Türk Ekonomi Bankası A.Ş. (Turkey).

Contacts

Prof. W.H. Keesomlaan 5, 1183 DJ, Amstelveen, Netherlands

Economy Bank NV, The was located in Amstelveen.

Bank Identifiers

BIC (SWIFT)
TEBUNL2A
MFI ID
NL435

Bank History

Close Date
November 2016