The bank for a changing world

Ümit Leblebici is appointed CEO of TEB and Varol Civil joins the board of TEB Holding

  • 29.07.2013

Ümit Leblebici will take over from Varol Civil as CEO of TEB on 1st September. Varol Civil, who has been CEO of TEB since 2003, has been appointed to the board of TEB Holding where he will be responsible for coordinating all the subsidiaries of the Holding company and TEB.

Ümit Leblebici worked in several Turkish banks before joining TEB in 1999 as Director of the Treasury department. He has been Deputy CEO since February 2013.

TEB has grown considerably under Varol Civil's helm, in particular following its successful merger with Fortis Bank Turkey, which accelerated its integration with BNP Paribas. Within the space of ten years, the bank has multiplied its total assets by 15, it outstanding loans by 25 and deposits by 15, and its headcount has increased five-fold.

TEB is Turkey's sixth largest privately-owned bank and is now a universal bank, offering all of BNP Paribas Group's businesses. It has strong market positions, in particular among small businesses, and is particularly innovative in Digital Banking solutions.

About Türk Ekonomi Bankasý (TEB)
Türk Ekonomi Bankasý (TEB) was established in 1927. Since its establishment, TEB, with its expanded network of branches and a diversified range of products and services, pursues operating in various fields of the banking sector as investment, leasing, factoring and portfolio management. In February 2005, BNP Paribas became a partner of TEB which went public in February 2000. In the wake of this strategic partnership, Türk Ekonomi Bankasý carries its expertise in foreign trade, corporate, commercial and private banking over into the fields of retail banking and banking for small and medium-sized businesses. Today TEB is one of the major players of the Turkish Financial Services Market with more than 9.000 employees.

About BNP Paribas
BNP Paribas ( has a presence in nearly 80 countries with 190,000 employees, including 145,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.
Press contact(s)
Press Contact:
Pascal Hénisse – pascal.henisse [at] bnpparibas (dot) com - +33 1 40 14 65 14