TEB has demonstrated a significant commitment to enhancing the SME sector in Turkey through various innovative approaches and targeted financial solutions, securing its position as Turkey’s best bank for SMEs. In 2024, TEB notably achieved a milestone by reaching sustainable SME financing of €100 million ($116 million) through the issue of a Tier-2 bond to the International Finance Corporation. This initiative specifically supports climate-focused, women-owned and agricultural businesses, underscoring TEB’s dedication to diverse and inclusive economic growth.
In the same vein, TEB further developed its pioneering e-invoice financing platform in 2024. This service not only brings breakthroughs in automated accounting conversions and risk alert systems but also integrates daily transaction analysis – developed through strategic fintech partnerships. This enhancement is pivotal in providing SMEs with real-time financial insights, fostering better business decision-making.
Further asserting its technological strides, TEB enhanced its Atlas tool in 2024. This digital tool revolutionises relationship manager workflows by enabling real-time client tracking, efficient visit planning, and meticulous monitoring of sales opportunities, thereby improving service delivery and client satisfaction.
Each initiatives exemplifies TEB’s strategic and forward-thinking approach to serving Turkey’s SMEs
Moreover, TEB’s commitment to SME digitalisation is further supported by securing €25 million from the European Bank for Reconstruction and Development under its new Digital Transformation Financing Facility in April 2024. This funding is aimed expressly at advancing digital capacities in the manufacturing SME sector.
Rounding off TEB’s 2024 innovations are the Smart Pricing, Digital Financials Automated Spread, and Mass Credit Allocation tools. These tools collectively streamline the lending process, enabling automation of credit decisions and facilitating rapid service delivery at the initial point of contact. Each of these initiatives exemplifies TEB’s strategic and forward-thinking approach to serving Turkey’s SMEs with efficiency and tailored financial solutions.
