Turk Ekonomi Bankasi A.S. : Competion of Fortis Faktoring Share Transfer

Turk Ekonomi Bankasi AS (TEB) is a Turkey-based Company engaged in banking, factoring, securities brokerage and portfolio management. The Bank's activities are primarily conducted in Turkey. The Bank has three main business segments: Retail Banking, Corporate Banking and Treasury/Head Office. Turk Ekonomi Bankasi AS provides different types of loans, such as consumer loans, housing loans, car loans, general purpose loans and personnel loans. The Bank's subsidiaries are The Economy Bank N.V. (Economy Bank), TEB Yatirim Menkul Degerler A.S. (TEB Yatirim), TEB Faktoring A.S. (TEB Faktoring), Stichting Effecten Dienstverlening, TEB Portfoy Yonetimi A.S. (TEB Portfoy) and Kronenburg Vastgoed B.V. The Company merged by absorption with Fortis Bank A.S. in February 2011.