BNP Paribas Assurance signed an exclusive distribution agreement with TEB and Fortis Bank Turkey
BNP Paribas Assurance accelerates development in bancassurance in Turkey
04/04/2011
BNP Paribas Assurance signed an exclusive distribution agreement for 20 years with TEB and Fortis Bank Turkey, now known as "The New TEB".
Under the terms of the agreement, the TEB and Fortis Bank Turkey retail networks will distribute both life & pension products and personal protection insurance products.
BNP Paribas Assurance, through its subsidiary Cardif, become the exclusive provider of savings, pension and personal protection products across the new retail organization. Based on current data the merged entity, "The New TEB", would rank 9th among Turkish banks in assets, with a network of 630 branches and three million retail clients.
