Varol Civil, graduated Faculty of Economics of Istanbul University in 1982 and he started a Master’s program in Money & Banking from the Institute of Social Sciences in Istanbul University (thesis not given).He). He also attended Contemporary Business Management Program at Marmara University in 1992-1993.
Mr Civil began his business career as a specialist at Turk Ekonomi Bankası A.Ş (TEB) Loans and Insurance Department in 1983. After military service in 1984 he became a Sworn Bank Auditor in 1985 and worked for the Undersecretariat of Treasury and Foreign Trade (BRSA) for 7 years. He served as Assistant General Manager of Arap Türk from 1992 to 1995 and during this period he taught Banking Law for graduate and PhD students at the Marmara University, Institute of Banking and Insurance.He became the General Manager of Bank Kapital in 1995 for 2 years.
Mr. Civil re-joined TEB Group in 1998 as the General Manager of TEB Financial Holdings and the Deputy General Manager and Board Member of TEB. In 2003 he was appointed as the CEO of TEB and continued to serve as the CEO and Board Member for 10 years until 2013. During this time he also assumed various responsibilities in other TEB Financial Group Companies as Chairman, Vice Chairman and Board Member. Mr. Civil was also the Vice Chairman of Turkish Bankers’ Association for 6 years from 2006 to 2012.
Since September 2013, he is sitting on the Board of TEB Holding and currently serving as a Board Member at TEB NV. He is an Advisory Board Member of Endeavor High Impact Entrepreneurship in Turkey and he is an “Angel Investor” holding an “Individual Investor Participant License”.