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Enhanced presence<br />
in high-potential countries<br />
The Emerging Markets business concentrated its development efforts on<br />
countries where banking markets are expanding rapidly.<br />
Mediterranean basin<br />
In Turkey, Türk Ekonomi Bankası (TEB), whose holding company, TEB Mali, has<br />
been 50%-held by <strong>BNP</strong> <strong>Paribas</strong> since February 2005, is growing at an accelerated<br />
rate. Since December 2005, the network has grown threefold to more than<br />
270 branches, enabling TEB to serve 1.3 million clients. This dynamism is bolstered<br />
by a strong capacity for product innovation. Through the creation of Turkish<br />
desks in Algeria, Egypt, Israel, Ukraine and Russia, and the opening of branches<br />
in neighbouring countries, TEB supports its clients’ international development.<br />
Now present throughout North Africa, the Group’s over 400 branches represent a<br />
unifi ed platform for this fast-growing market. Local subsidiaries hold leading positions<br />
in Morocco (no. 3) and Libya (no. 2) for the outstanding loans. Operations<br />
in Algeria are expanding rapidly. Launched in 2002, <strong>BNP</strong> <strong>Paribas</strong> El Djazaïr now<br />
has 36 branches. The subsidiary is mainly orientated towards corporate and<br />
trade fi nance and individual clients. In order to strengthen its position on the SME<br />
market and actively assist the development of Algerian companies, <strong>BNP</strong> <strong>Paribas</strong><br />
El Djazaïr created the Académie des PME (the SME Academy) modelled after the<br />
TEB Kobi Akademi in Turkey. Similar programmes are planned in the business’<br />
other territories.<br />
TEB, Istanbul<br />
<strong>BNP</strong> <strong>Paribas</strong> <strong>Annual</strong> <strong>Report</strong> 2007 /////// International Retail Services<br />
62_63
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