Ottoman Bank
Encyclopedia
The Ottoman Bank (formerly Imperial Ottoman Bank) was founded in 1856 in the Galata
Galata
Galata or Galatae is a neighbourhood in the Beyoğlu district on the European side of Istanbul, the largest city of Turkey. Galata is located at the northern shore of the Golden Horn, the inlet which separates it from the historic peninsula of old Constantinople. The Golden Horn is crossed by...

 business section of İstanbul
Istanbul
Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...

, the capital of the Ottoman Empire
Ottoman Empire
The Ottoman EmpireIt was usually referred to as the "Ottoman Empire", the "Turkish Empire", the "Ottoman Caliphate" or more commonly "Turkey" by its contemporaries...

, as a joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 between British
United Kingdom of Great Britain and Ireland
The United Kingdom of Great Britain and Ireland was the formal name of the United Kingdom during the period when what is now the Republic of Ireland formed a part of it....

 interests, the Banque de Paris et des Pays-Bas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...

 of France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

, and the Ottoman government.

The opening capital of the Bank consisted of 135,000 shares, 80,000 of which were bought by the English group, and 50,000 of which by the French group, whereas 5,000 shares were allocated to the Ottomans.

It operated as the Imperial Ottoman Bank from 1863 to 1924. Privileged as a state bank, it carried out the functions of a central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...

.

In June 1996, the Ottoman Bank was sold to the Doguş Group
Dogus Holding
Doğuş Holding A.Ş. is one of the top three largest private-sector conglomerates in Turkey, with a portfolio of 25 companies that cross industry verticals, including one of Turkey's largest banks, Garanti Bank, as well as high-end Porsche, Audi, and Volkswagen dealerships, retail and food stores,...

, from which point on its banking activities were centred primarily in Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...

. In 2001, the Ottoman Bank became part of the Garanti Bank
Garanti Bank
Garanti Bank is the second largest-private bank in Turkey with US$90 billion in assets as of December 31, 2010. On November 2nd, 2010 BBVA , Spain's second largest bank, acquired 24.9% stake in Garanti Bank for $5.8 billion. Garanti provides retail, commercial, corporate and private banking...

.

History

On February 4, 1863, seven years after its establishment, the shareholders of the Ottoman Bank signed a contract to form the Imperial Ottoman Bank. Sultan Abdülâziz
Abdülâziz
Abdülaziz I or Abd Al-Aziz, His Imperial Majesty was the 32nd Sultan of the Ottoman Empire and reigned between 25 June 1861 and 30 May 1876...

, who expected to improve his country's economy, which was in a state of financial crisis after the Crimean War
Crimean War
The Crimean War was a conflict fought between the Russian Empire and an alliance of the French Empire, the British Empire, the Ottoman Empire, and the Kingdom of Sardinia. The war was part of a long-running contest between the major European powers for influence over territories of the declining...

, ratified the contract immediately.

Tanzimat
Tanzimat
The Tanzimât , meaning reorganization of the Ottoman Empire, was a period of reformation that began in 1839 and ended with the First Constitutional Era in 1876. The Tanzimât reform era was characterized by various attempts to modernize the Ottoman Empire, to secure its territorial integrity against...

 era's principal renovations in the financial field were the re-establishment of the currency and the foundation of the Ottoman Bank. The Ottoman Bank provided the Treasury with the necessary advances, played an intermediary role during the Ottoman public debt
Ottoman public debt
The Ottoman public debt was a term which dated back to 4 August 1854, when the Ottoman Empire first entered into loan contracts with its European creditors shortly after the beginning of the Crimean War. The Empire entered into subsequent loans, partly to finance railway construction and partly to...

 and acted as a bank of issue, principal function of state banks.

On February 18, 1875, the bank was authorized to control the budget, the expenditures and incomes of the state, to ensure reform and control the precarious Ottoman financial situation. The character of the Ottoman Bank as a state bank was fully reaffirmed by extending its right of issue for 20 years and conferring on it the role of Treasurer of the Empire.

The bank continued to help the Ottoman state through providing it several credits after the Balkan Wars
Balkan Wars
The Balkan Wars were two conflicts that took place in the Balkans in south-eastern Europe in 1912 and 1913.By the early 20th century, Montenegro, Bulgaria, Greece and Serbia, the countries of the Balkan League, had achieved their independence from the Ottoman Empire, but large parts of their ethnic...

, became member of the Council of the Public Debt
Ottoman Public Debt Administration
The Ottoman Public Debt Administration , was a European-controlled organization that was established in 1881 to collect the payments which the Ottoman Empire owed to European companies in the Ottoman public debt...

, and assumed the tobacco monopoly in a limited company. Following the re-establishment of Empire's credit standing, the placing of Turkish loans abroad became possible around 1886. Enabled by the reduction of commitments towards the Treasury around 1890, following the improvement of public finances, the Ottoman Bank undertook a double activity of financing the Turkish economy and promoting other business.

Within the frame of merchant banking activities, it was mainly involved with public works and railways, the Beirut
Beirut
Beirut is the capital and largest city of Lebanon, with a population ranging from 1 million to more than 2 million . Located on a peninsula at the midpoint of Lebanon's Mediterranean coastline, it serves as the country's largest and main seaport, and also forms the Beirut Metropolitan...

 Port, the railway line Beirut
Beirut
Beirut is the capital and largest city of Lebanon, with a population ranging from 1 million to more than 2 million . Located on a peninsula at the midpoint of Lebanon's Mediterranean coastline, it serves as the country's largest and main seaport, and also forms the Beirut Metropolitan...

-Damascus
Damascus
Damascus , commonly known in Syria as Al Sham , and as the City of Jasmine , is the capital and the second largest city of Syria after Aleppo, both are part of the country's 14 governorates. In addition to being one of the oldest continuously inhabited cities in the world, Damascus is a major...

 and its later extension to Homs
Homs
Homs , previously known as Emesa , is a city in western Syria and the capital of the Homs Governorate. It is above sea level and is located north of Damascus...

, Hamah and Aleppo
Aleppo
Aleppo is the largest city in Syria and the capital of Aleppo Governorate, the most populous Syrian governorate. With an official population of 2,301,570 , expanding to over 2.5 million in the metropolitan area, it is also one of the largest cities in the Levant...

. The Bank's financial support continued to some other railway projects including the line Constantinople
Constantinople
Constantinople was the capital of the Roman, Eastern Roman, Byzantine, Latin, and Ottoman Empires. Throughout most of the Middle Ages, Constantinople was Europe's largest and wealthiest city.-Names:...

-Salonica, Smyrna
Smyrna
Smyrna was an ancient city located at a central and strategic point on the Aegean coast of Anatolia. Thanks to its advantageous port conditions, its ease of defence and its good inland connections, Smyrna rose to prominence. The ancient city is located at two sites within modern İzmir, Turkey...

-Kasaba
Kasaba
Kasaba or Kasabaköy is a small town 17 kilometres from Kastamonu, Turkey. Its population in 1905 was about 23,000, but the village has shrunk to only a few dozen households. The town does not occupy any ancient site of importance but there is a mosque, the Mahmut Bey Camii, built by a...

 (1892) and the Baghdad Railway
Baghdad Railway
The Baghdad Railway , was built from 1903 to 1940 to connect Berlin with the Ottoman Empire city of Baghdad with a line through modern-day Turkey, Syria, and Iraq....

 (1903). In 1896, the Bank played a major role in the establishment of the Ereğli
Karadeniz Eregli
Karadeniz Ereğli is a city and district in Zonguldak Province of Turkey, on the Black Sea shore at the mouth of the Kılıçsu River. Population is 98 545 as of 2009. The mayor is Halil Posbıyık .-Facts:...

 coal mining company on the Black Sea
Black Sea
The Black Sea is bounded by Europe, Anatolia and the Caucasus and is ultimately connected to the Atlantic Ocean via the Mediterranean and the Aegean seas and various straits. The Bosphorus strait connects it to the Sea of Marmara, and the strait of the Dardanelles connects that sea to the Aegean...

 shore. In August 1896, the bank was the subject of a seizure by Armenian Revolutionaries
1896 Ottoman Bank Takeover
The 1896 Ottoman Bank Takeover was the seizing of the Ottoman Bank in Constantinople, Ottoman Empire, on 26 August 1896, by members of the Armenian Revolutionary Federation...

 intent on bringing international attention to mistreatment of Armenians in the Ottoman Empire.

The declaration of World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...

 damaged the Bank, since it lost credibility with the Ottoman government because of its British and French shareholders, and on the other hand the British and French governments considered the bank as an institution belonging to the enemy. This caused particular problems in Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...

, an Ottoman province administered by Britain up until the First World War, when the island was annexed in response to the Turks siding with the Axis powers. After an initial run on the bank in 1914 left the local operation of the bank with less than £4,000 sterling in its vaults, and no means of replenishing its reserves from the head office in Constantinople, the bank was briefly closed by the British authorities and then allowed to re-open effectively as a separate semi-state company. In part this compromise seems to have been reached as the British authorities in Cyprus had themselves deposited their entire funds in the bank in Cyprus, some £40,000 sterling, which would have been lost had the bank been forced to close. But, with the exception of Cyprus, during this time, the British and French executives of the bank left their posts, and the Ottoman Government abolished the privilege of issuing banknotes. However, its other activities continued.

After the War of Independence
Turkish War of Independence
The Turkish War of Independence was a war of independence waged by Turkish nationalists against the Allies, after the country was partitioned by the Allies following the Ottoman Empire's defeat in World War I...

 and the proclamation of the Republic of Turkey, the regulation of the relations with the new state was set up on March 10, 1924. The name of the Bank was changed from the Imperial Ottoman Bank back to the Ottoman Bank. The Bank's role as a state bank remained, however it was extended on a temporary basis due to the Turkish government's intention to establish its own Central Bank, which was realized in 1931.

During the period after World War I, most of the branches had to be closed, while new branches were established in the Near East
Near East
The Near East is a geographical term that covers different countries for geographers, archeologists, and historians, on the one hand, and for political scientists, economists, and journalists, on the other...

 between 1920-1930 to serve British interests.

In 1933, the Ottoman Bank became a commercial bank, and finally in 1952 it turned into a private institution.

Following the Suez Canal crisis
Suez Crisis
The Suez Crisis, also referred to as the Tripartite Aggression, Suez War was an offensive war fought by France, the United Kingdom, and Israel against Egypt beginning on 29 October 1956. Less than a day after Israel invaded Egypt, Britain and France issued a joint ultimatum to Egypt and Israel,...

 in 1956, Egyptian government nationalized all the five branches in the country. The Egyptian government established Bank Al-Goumhourieh to take over the Egyptian operations of Ionian Bank and the Ottoman Bank in the wake of the Suez Canal War. In 1958, the Bank extended its network to East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...

n countries such as Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...

, Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...

, Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...

 and Rhodesia
Rhodesia
Rhodesia , officially the Republic of Rhodesia from 1970, was an unrecognised state located in southern Africa that existed between 1965 and 1979 following its Unilateral Declaration of Independence from the United Kingdom on 11 November 1965...

 (now Zimbabwe
Zimbabwe
Zimbabwe is a landlocked country located in the southern part of the African continent, between the Zambezi and Limpopo rivers. It is bordered by South Africa to the south, Botswana to the southwest, Zambia and a tip of Namibia to the northwest and Mozambique to the east. Zimbabwe has three...

) to meet the demand of its shareholders.

With the increasing trend of transferring foreign-owned banking business to local ownership in many countries, in 1969 the Bank sold its branches in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...

, Sudan
Sudan
Sudan , officially the Republic of the Sudan , is a country in North Africa, sometimes considered part of the Middle East politically. It is bordered by Egypt to the north, the Red Sea to the northeast, Eritrea and Ethiopia to the east, South Sudan to the south, the Central African Republic to the...

, Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...

, East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...

, the Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

 and Rhodesia
Rhodesia
Rhodesia , officially the Republic of Rhodesia from 1970, was an unrecognised state located in southern Africa that existed between 1965 and 1979 following its Unilateral Declaration of Independence from the United Kingdom on 11 November 1965...

 to National and Grindlays Bank
Grindlays Bank
The Grindlays Bank was a major British overseas bank established in 1828.It operated mainly in British colonies, especially British India. After decolonization, it was a major foreign bank in India, Pakistan and other West Asian countries. As ANZ Grindlays Bank, it was for a while the largest...

. The branches in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

 and Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

 it regrouped in a separate company called Banque Ottomane, which Grindlays Bank
Grindlays Bank
The Grindlays Bank was a major British overseas bank established in 1828.It operated mainly in British colonies, especially British India. After decolonization, it was a major foreign bank in India, Pakistan and other West Asian countries. As ANZ Grindlays Bank, it was for a while the largest...

 later bought.

In 1996, the Ottoman Bank was sold to Doğuş Group, and from then on its commercial banking activity focused mainly on Turkey. On July 31, 2001, it merged with Körfez Bankasi. On December 21, 2001, it was incorporated in its principal shareholder, Garanti Bank
Garanti Bank
Garanti Bank is the second largest-private bank in Turkey with US$90 billion in assets as of December 31, 2010. On November 2nd, 2010 BBVA , Spain's second largest bank, acquired 24.9% stake in Garanti Bank for $5.8 billion. Garanti provides retail, commercial, corporate and private banking...

. At the time of its merger, the Ottoman Bank had a network of 58 branches and around 1,400 personnel.

Personnel structure

The Bank was an institution with no nationality in essence. However, the group of higher officials was the only level subject to a national criterion. For all other employees, from branch managers to clerks and servants, the Bank did not apply any policy depending on a criterion of nationality or ethnicity that resulted in a personnel pattern not observed in any other European bank.

The general manager and his deputy were British or French, reflecting the majority share held by the two nations. An exception was in the period during World War I, when the general manager and his deputy, being citizens of hostile countries, had been forced to leave the country. During this time, until they could return to their posts in 1918 following the Armistice of Mudros
Armistice of Mudros
The Armistice of Moudros , concluded on 30 October 1918, ended the hostilities in the Middle Eastern theatre between the Ottoman Empire and the Allies of World War I...

, the Bank was administered by Ottomans of Armenian and Greek ethnicity.

The top level officials and most of the branch managers were Europeans. The middle level officials and some branch managers were non-Muslim Ottomans of Greek, Armenian, Jewish and Christian Arab ethnicity. The bottom of the hierarchy was made up by Muslim Ottomans performing services as clerks, couriers, guards and doorkeepers.

Compared to the proportion of the different population of the empire, the number of the non-Muslim personnel was relatively high. The reason for this employment pattern was the background of non-Muslims with western language skills, accounting and banking education, and culturally western orientation. Such requirements for the occupations in the Ottoman Bank could be acquired mainly by non-Muslims up to the forming of the Republic of Turkey.

Notable general managers:
  • Sir Edgar Vincent
    Edgar Vincent, 1st Viscount D'Abernon
    Edgar Vincent, 1st Viscount D'Abernon, GCB, GCMG, PC, FRS was a British politician, diplomat, art collector and author.-Early life:...

     (1889–1897)
  • Gaston Auboyneau
  • Berç Keresteciyan
    Berç Türker Keresteciyan
    Berç Keresteciyan was a Turkish bank executive and politician of Armenian descent.-Early life:...

  • Jacques Jeulin (1966–1985)
  • Aclan Acar (1996–2000)
  • Turgay Gönensin (2000–2001)

Branch activities

From its beginning, the Bank continually opened new branches all around the Ottoman Empire, building a network of around 80 branches just before the outbreak of World War I.
  • 1856 London
    London
    London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

    , Istanbul-Galata, Symirna
    Izmir
    Izmir is a large metropolis in the western extremity of Anatolia. The metropolitan area in the entire Izmir Province had a population of 3.35 million as of 2010, making the city third most populous in Turkey...

    , Galaţi
    Galati
    Galați is a city and municipality in Romania, the capital of Galați County. Located in the historical region of Moldavia, in the close vicinity of Brăila, Galați is the largest port and sea port on the Danube River and the second largest Romanian port....

     (closed in 1866), Beyrouth
    Beirut
    Beirut is the capital and largest city of Lebanon, with a population ranging from 1 million to more than 2 million . Located on a peninsula at the midpoint of Lebanon's Mediterranean coastline, it serves as the country's largest and main seaport, and also forms the Beirut Metropolitan...

     (closed in 1921)
  • 1861 Bucarest (closed in 1866)
  • 1862 Salonika, Aydin, Afyon Carahissar
    Afyonkarahisar
    Afyonkarahisar is a city in western Turkey, the capital of Afyon Province. Afyon is in mountainous countryside inland from the Aegean coast, south-west of Ankara along the Akarçay River. Elevation...

     (closed in 1880), Manisa
    Manisa
    Manisa is a large city in Turkey's Aegean Region and the administrative seat of Manisa Province.Modern Manisa is a booming center of industry and services, advantaged by its closeness to the international port city and the regional metropolitan center of İzmir and by its fertile hinterland rich in...

    , Larnaca
    Larnaca
    Larnaca, is the third largest city on the southern coast of Cyprus after Nicosia and Limassol. It has a population of 72,000 and is the island's second largest commercial port and an important tourist resort...

  • 1865 Isparta
    Isparta
    Isparta is a city in western Turkey and the provincial capital of the Isparta Province. The city's population is 222,556 and elevation from sea level is 1035 m. Another name of the city is "City of Roses"....

  • 1866 Alexandria
    Alexandria
    Alexandria is the second-largest city of Egypt, with a population of 4.1 million, extending about along the coast of the Mediterranean Sea in the north central part of the country; it is also the largest city lying directly on the Mediterranean coast. It is Egypt's largest seaport, serving...

  • 1868 Paris
    Paris
    Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...

  • 1869 Antalya
    Antalya
    Antalya is a city on the Mediterranean coast of southwestern Turkey. With a population 1,001,318 as of 2010. It is the eighth most populous city in Turkey and country's biggest international sea resort.- History :...

  • 1872 Port Said
    Port Said
    Port Said is a city that lies in north east Egypt extending about 30 km along the coast of the Mediterranean Sea, north of the Suez Canal, with an approximate population of 603,787...

  • 1875 Ruscuk
    Rousse
    Ruse is the fifth-largest city in Bulgaria. Ruse is situated in the northeastern part of the country, on the right bank of the Danube, opposite the Romanian city of Giurgiu, from the capital Sofia and from the Bulgarian Black Sea Coast...

     (closed in 1880), Edirne
    Edirne
    Edirne is a city in Eastern Thrace, the northwestern part of Turkey, close to the borders with Greece and Bulgaria. Edirne served as the capital city of the Ottoman Empire from 1365 to 1453, before Constantinople became the empire's new capital. At present, Edirne is the capital of the Edirne...

    , Bursa
    Bursa, Turkey
    Bursa is a city in northwestern Turkey and the seat of Bursa Province. The metropolitan area in the entire Bursa province had a population of 2.6 million as of 2010, making the city fourth most populous in Turkey. The city is equally one of the most industrialized metropolitan centers in the...

    , Damascus
    Damascus
    Damascus , commonly known in Syria as Al Sham , and as the City of Jasmine , is the capital and the second largest city of Syria after Aleppo, both are part of the country's 14 governorates. In addition to being one of the oldest continuously inhabited cities in the world, Damascus is a major...

     (closed in 1921)
  • 1878 Plovdiv
    Plovdiv
    Plovdiv is the second-largest city in Bulgaria after Sofia with a population of 338,153 inhabitants according to Census 2011. Plovdiv's history spans some 6,000 years, with traces of a Neolithic settlement dating to roughly 4000 BC; it is one of the oldest cities in Europe...

     (closed in 1899)
  • 1879 Nicosia
    Nicosia
    Nicosia from , known locally as Lefkosia , is the capital and largest city in Cyprus, as well as its main business center. Nicosia is the only divided capital in the world, with the southern and the northern portions divided by a Green Line...

    , Limassol
    Limassol
    Limassol is the second-largest city in Cyprus, with a population of 228,000 . It is the largest city in geographical size, and the biggest municipality on the island. The city is located on Akrotiri Bay, on the island's southern coast and it is the capital of Limassol District.Limassol is the...

  • 1880 Varna
    Varna
    Varna is the largest city and seaside resort on the Bulgarian Black Sea Coast and third-largest in Bulgaria after Sofia and Plovdiv, with a population of 334,870 inhabitants according to Census 2011...

     (closed in 1882)
  • 1881 Nazilli
    Nazilli
    Nazilli is the second largest town in Aydın Province in the Aegean region of western Turkey, east of the city of Aydın, on the road to Denizli.- Etymology :...

     (closed in 1898)
  • 1886 Istanbul-Yeni Cami
    Eminönü
    Eminönü is a former district of Istanbul in Turkey, now a neighbourhood of Fatih district. This is the heart of the walled city of Constantine, the focus of a history of incredible richness. Eminönü covers the point on which the Byzantine capital was built. The Galata Bridge crosses the Golden Horn...

  • 1889 Adana
    Adana
    Adana is a city in southern Turkey and a major agricultural and commercial center. The city is situated on the Seyhan River, 30 kilometres inland from the Mediterranean, in south-central Anatolia...

    , Konya
    Konya
    Konya is a city in the Central Anatolia Region of Turkey. The metropolitan area in the entire Konya Province had a population of 1,036,027 as of 2010, making the city seventh most populous in Turkey.-Etymology:...

  • 1890 Sofia
    Sofia
    Sofia is the capital and largest city of Bulgaria and the 12th largest city in the European Union with a population of 1.27 million people. It is located in western Bulgaria, at the foot of Mount Vitosha and approximately at the centre of the Balkan Peninsula.Prehistoric settlements were excavated...

     (closed in 1899), Denizli
    Denizli
    Denizli is a growing industrial city in the Southwestern part of Turkey and the eastern end of the alluvial valley formed by the river Büyük Menderes, where the plain reaches an elevation of about a hundred meters. Denizli is located in southwestern Turkey, in the country's Aegean Region.The city...

    , Mugla
    Mugla
    Muğla is a city in south-western Turkey. It is the center of the district the same name, as well as of Muğla Province, which stretches along Turkey´s Aegean coast. Muğla center is situated inland at an altitude of 660 m and lies at a distance of about from the nearest seacoast in the Gulf of...

  • 1891 Istanbul-Pera
    Pera
    Pera may refer to:People* Marcus Junius Pera, Roman dictator* Alfredo Le Pera , Brazilian journalist* Marcello Pera , Italian philosopher and politician* Marília Pêra , Brazilian actress* Patrick Péra , French figure skater...

    , Balikesir
    Balikesir
    Balıkesir is the capital city of Balıkesir Province. Balıkesir is in the Marmara region of Turkey and has a population of 265,747 inhabitants. Old name is Karesi or Karasi.- History :...

    , Usak
    Usak
    Uşak is a city in the interior part of the Aegean Region of Turkey. The city has a population of 180,414 and is the capital of Uşak Province. The mayor is Ali Erdoğan ....

    , Samsun
    Samsun
    Samsun is a city of about half a million people on the north coast of Turkey. It is the provincial capital of Samsun Province and a major Black Sea port.-Name:...

    , Trabzon
    Trabzon
    Trabzon is a city on the Black Sea coast of north-eastern Turkey and the capital of Trabzon Province. Trabzon, located on the historical Silk Road, became a melting pot of religions, languages and culture for centuries and a trade gateway to Iran in the southeast and the Caucasus to the northeast...

  • 1892 Ruscuk
    Rousse
    Ruse is the fifth-largest city in Bulgaria. Ruse is situated in the northeastern part of the country, on the right bank of the Danube, opposite the Romanian city of Giurgiu, from the capital Sofia and from the Bulgarian Black Sea Coast...

     (reopened and closed in 1899), Mersin
    Mersin
    -Mersin today:Today, Mersin is a large city spreading out along the coast, with Turkey's second tallest skyscraper , huge hotels, an opera house, expensive real estate near the sea or up in the hills, and many other modern urban...

    , Baghdad
    Baghdad
    Baghdad is the capital of Iraq, as well as the coterminous Baghdad Governorate. The population of Baghdad in 2011 is approximately 7,216,040...

    ,
  • 1893 Ankara
    Ankara
    Ankara is the capital of Turkey and the country's second largest city after Istanbul. The city has a mean elevation of , and as of 2010 the metropolitan area in the entire Ankara Province had a population of 4.4 million....

    , Aleppo
    Aleppo
    Aleppo is the largest city in Syria and the capital of Aleppo Governorate, the most populous Syrian governorate. With an official population of 2,301,570 , expanding to over 2.5 million in the metropolitan area, it is also one of the largest cities in the Levant...

     (closed in 1921), Bassorah
  • 1898 Mytilini (closed in 1921)
  • 1899 Kastamonu
    Kastamonu
    Kastamonu is the capital district of the Kastamonu Province, Turkey. According to the 2000 census, population of the district is 102,059 of which 64,606 live in the urban center of Kastamonu. The district covers an area of , and the town lies at an elevation of...

    , Sivas
  • 1903 Monastir
    Bitola
    Bitola is a city in the southwestern part of the Republic of Macedonia. The city is an administrative, cultural, industrial, commercial, and educational centre. It is located in the southern part of the Pelagonia valley, surrounded by the Baba and Nidže mountains, 14 km north of the...

     (closed in 1914), Skopje
    Skopje
    Skopje is the capital and largest city of the Republic of Macedonia with about a third of the total population. It is the country's political, cultural, economic, and academic centre...

     (closed in 1914)
  • 1904 Alexandroupoli
    Alexandroupoli
    Alexandroupoli , is a city of Greece and the capital of the Evros peripheral unit in Thrace. Named after King Alexander, it is an important port and commercial center of northeastern Greece.-Name:...

     (closed in 1914), Kavala
    Kavala
    Kavala , is the second largest city in northern Greece, the principal seaport of eastern Macedonia and the capital of Kavala peripheral unit. It is situated on the Bay of Kavala, across from the island of Thasos...

    , Eskisehir
    Eskisehir
    Eskişehir is a city in northwestern Turkey and the capital of the Eskişehir Province. According to the 2009 census, the population of the city is 631,905. The city is located on the banks of the Porsuk River, 792 m above sea level, where it overlooks the fertile Phrygian Valley. In the nearby...

    , Aksehir
    Aksehir
    Akşehir is a town and district of Konya Province in the Central Anatolia region of Turkey. According to 2000 census, population of the district is 114,918 of which 63,000 live in the town of Akşehir...

    , Tripoli
    Tripoli
    Tripoli is the capital and largest city in Libya. It is also known as Western Tripoli , to distinguish it from Tripoli, Lebanon. It is affectionately called The Mermaid of the Mediterranean , describing its turquoise waters and its whitewashed buildings. Tripoli is a Greek name that means "Three...

    , Syria
    Syria
    Syria , officially the Syrian Arab Republic , is a country in Western Asia, bordering Lebanon and the Mediterranean Sea to the West, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest....

     (closed in 1921), .
  • 1905 Nazilli
    Nazilli
    Nazilli is the second largest town in Aydın Province in the Aegean region of western Turkey, east of the city of Aydın, on the road to Denizli.- Etymology :...

     (reopened), Bandirma
    Bandirma
    Bandırma is a city in northwestern Turkey with 113,385 inhabitants on the Sea of Marmara. Also, Bandırma is a district of Balıkesir....

    , Bilecik
    Bilecik
    -External links:* http://www.eksisozluk.com/show.asp?t=bilecik%20diye%20bir%20yerin%20asl%C4%B1nda%20olmamas%C4%B1%20 Bilecik Conspiracy* http://www.bilecikaktuel.com* * http://www.voyagerbook.com/eng/iller/11/11.asp*...

    , Jaffa
    Jaffa
    Jaffa is an ancient port city believed to be one of the oldest in the world. Jaffa was incorporated with Tel Aviv creating the city of Tel Aviv-Yafo, Israel. Jaffa is famous for its association with the biblical story of the prophet Jonah.-Etymology:...

    , Jerusalem.
  • 1906 Xanthi
    Xanthi
    Xanthi ; is a city in Thrace, northeastern Greece. It is the capital of the Xanthi peripheral unit of the periphery of East Macedonia and Thrace.-History:...

     (closed in 1914), Erzurum
    Erzurum
    Erzurum is a city in Turkey. It is the largest city, the capital of Erzurum Province. The city is situated 1757 meters above sea level. Erzurum had a population of 361,235 in the 2000 census. .Erzurum, known as "The Rock" in NATO code, served as NATO's southeastern-most air force post during the...

    , Giresun
    Giresun
    Giresun is the provincial capital of Giresun Province in the Black Sea Region of northeastern Turkey, about west of the city of Trabzon.-Etymology:...

    , Kutahya
    Kütahya
    Kütahya is a city in western Turkey with 212,444 inhabitants , lying on the Porsuk river, at 969 metres above sea level. It is the capital of Kütahya Province, inhabited by some 517 804 people...

    , Gaziantep
    Gaziantep
    Gaziantep , Ottoman Turkish: Ayintab) previously and still informally called Antep; ʻayn tāb is a city in southeast Turkey and amongst the oldest continually inhabited cities in the world. The city is located 185 kilometres northeast of Adana and 127 kilometres by road north of Aleppo, Syria...

    , Silifke
    Silifke
    -Antiquity:Located a few miles from the mouth of the Calycadnus River, Seleucia was founded by Seleucus I Nicator in the early 3rd century BCE, one of several cities he named after himself. It is probable that there were already towns called Olbia and Hyria and that Seleucus I merely united them...

     (closed in 1907), Famagusta
    Famagusta
    Famagusta is a city on the east coast of Cyprus and is capital of the Famagusta District. It is located east of Nicosia, and possesses the deepest harbour of the island.-Name:...

    , Haifa
    Haifa
    Haifa is the largest city in northern Israel, and the third-largest city in the country, with a population of over 268,000. Another 300,000 people live in towns directly adjacent to the city including the cities of the Krayot, as well as, Tirat Carmel, Daliyat al-Karmel and Nesher...

    , Tripoli
    Tripoli
    Tripoli is the capital and largest city in Libya. It is also known as Western Tripoli , to distinguish it from Tripoli, Lebanon. It is affectionately called The Mermaid of the Mediterranean , describing its turquoise waters and its whitewashed buildings. Tripoli is a Greek name that means "Three...

     (Libya
    Libya
    Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....

    ) (closed in 1912)
  • 1907 Adapazari
    Adapazari
    Adapazarı is a city in northwestern Turkey and the capital of Sakarya Province. The province itself was originally named Adapazarı as well. Adapazarı is a part of the densely populated region of the country, known as the Marmara Region. As of 2010, the city has a population of 560,876 ...

    , Mosul
    Mosul
    Mosul , is a city in northern Iraq and the capital of the Ninawa Governorate, some northwest of Baghdad. The original city stands on the west bank of the Tigris River, opposite the ancient Assyrian city of Nineveh on the east bank, but the metropolitan area has now grown to encompass substantial...

    , Minieh
  • 1908 Tarsus
    Tarsus (city)
    Tarsus is a historic city in south-central Turkey, 20 km inland from the Mediterranean Sea. It is part of the Adana-Mersin Metropolitan Area, the fourth-largest metropolitan area in Turkey with a population of 2.75 million...

    , Homs
    Homs
    Homs , previously known as Emesa , is a city in western Syria and the capital of the Homs Governorate. It is above sea level and is located north of Damascus...

     (closed in 1921)
  • 1909 Komotini
    Komotini
    Komotini is a city in Thrace, northeastern Greece. It is the capital of the region of East Macedonia and Thrace and of the Rhodope regional unit. It is also the administrative center of the Rhodope-Evros super-prefecture. The city is home to the Democritus University of Thrace, founded in 1973...

     (closed in 1914), Tekirdag
  • 1910 Soufli
    Soufli
    Soufli is a city in the Evros peripheral unit, Greece, notable for the silk industry that flourished there in the 19th century. The town stands on the eastern slope of the twin hill of Prophet Elias, one of the easternmost spurs on the Rhodope Mountains...

    , Drama
    Drama, Greece
    Drama , the ancient Drabescus , is a town and municipality in northeastern Greece. Drama is the capital of the peripheral unit of Drama which is part of the East Macedonia and Thrace periphery. The town is the economic center of the municipality , which in turn comprises 53.5 percent of the...

     (closed in 1921), Serres
    Serres
    Serres is a city in Greece, seat of the Serres prefecture.Serres may also refer to:Places:* Serres, Germany, a part of Wiernsheim in Baden-WürttembergIn France:* Serres, Aude in the Aude département...

     (closed in 1921), Ioannina
    Ioannina
    Ioannina , often called Jannena within Greece, is the largest city of Epirus, north-western Greece, with a population of 70,203 . It lies at an elevation of approximately 500 meters above sea level, on the western shore of lake Pamvotis . It is located within the Ioannina municipality, and is the...

     (closed in 1921), Kayseri
    Kayseri
    Kayseri is a large and industrialized city in Central Anatolia, Turkey. It is the seat of Kayseri Province. The city of Kayseri, as defined by the boundaries of Kayseri Metropolitan Municipality, is structurally composed of five metropolitan districts, the two core districts of Kocasinan and...

    , Inebolu
    Inebolu
    İnebolu is a town and district of the Kastamonu Province in the Black Sea region of Turkey. It is from Istanbul by road and north of Kastamonu. It is a typical Black Sea port town with many fine examples of traditional domestic architecture. According to the 2000 census, population of the...

    , Ordu
    Ordu
    Ordu 'army') is a port city on the Black Sea coast of Turkey, and the capital of Ordu Province. Estimated population c. 2010: 141,341.-Etymology:...

    , Geyve
    Geyve
    Geyve is a town and a district of Sakarya Province in the Marmara region of Turkey. The mayor is Murat Kaya ....

    , Bolvadin
    Bolvadin
    Bolvadin is a city and district of Afyonkarahisar Province in Turkey. It covers an area of 1,108 km², has an altitude of 1,016 m, :The population of the district center is 31,387...

    , Mansureh
  • 1911 Manchester
    Manchester
    Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...

    , Scutari of Albania
    Shkodër
    Shkodër , is a city located on Lake of Shkoder in northwestern Albania in the District of Shkodër, of which it is the capital. It is one of the oldest and most historic towns in Albania, as well as an important cultural and economic centre. Shkodër's estimated population is 90,000; if the...

     (closed in 1914), Rhodes
    Rhodes
    Rhodes is an island in Greece, located in the eastern Aegean Sea. It is the largest of the Dodecanese islands in terms of both land area and population, with a population of 117,007, and also the island group's historical capital. Administratively the island forms a separate municipality within...

     (closed in 1921), Diyarbekir, Elazig
    Elazig
    Elâzığ is a city in Eastern Anatolia, Turkey and the seat of Elâzığ Province. It has a population of331,479 according to the 2010 census, and the plain on which the city extends has an altitude of 1067 metres....

    , Bitlis
    Bitlis
    Bitlis is a town in eastern Turkey and the capital of Bitlis Province. The town is located at an elevation of 1,400 metres, 15 km from Lake Van, in the steep-sided valley of the Bitlis River, a tributary of the Tigris. The local economy is mainly based on agricultural products which include...

    , Van
    Van, Turkey
    Van is a city in southeastern Turkey and the seat of the Kurdish-majority Van Province, and is located on the eastern shore of Lake Van. The city's official population in 2010 was 367,419, but many estimates put this as much higher with a 1996 estimate stating 500,000 and former Mayor Burhan...

    , Ceyhan
    Ceyhan
    Ceyhan is a city in southeast Turkey and with 105,000 inhabitants it is the second largest city of Adana Province after the capital Adana. Ceyhan is the transportation hub for Middle Eastern, Central Asian and Russian oil and natural gas. It is situated on the Ceyhan River, from which it takes...

    , Saida
    Sidon
    Sidon or Saïda is the third-largest city in Lebanon. It is located in the South Governorate of Lebanon, on the Mediterranean coast, about 40 km north of Tyre and 40 km south of the capital Beirut. In Genesis, Sidon is the son of Canaan the grandson of Noah...

     (closed in 1921), Hodeida (closed in 1921), Benghazi
    Benghazi
    Benghazi is the second largest city in Libya, the main city of the Cyrenaica region , and the former provisional capital of the National Transitional Council. The wider metropolitan area is also a district of Libya...

     (closed in 1912).
  • 1912 Bolu
    Bolu
    - Places of interest :The countryside around Bolu offers excellent walking and other outdoor pursuits. There are hotels in the town for visitors. Sights near the town include:* The 14th century mosque, Ulu Camii...

    , Urfa, Sandıklı
    Sandikli
    Sandıklı is a town and a district of Afyonkarahisar Province in the Aegean region of Turkey. It has a population of 60.126 of which 33.144 live in the city centre according to the 2010 census. The mayor is İsmail Elibol ....

    , Söke
    Söke
    Söke is a town and a large district of Aydın Province in the Aegean region of western Turkey, south-west of the city of Aydın, near the Aegean coast. It had 68,020 population in 2010.- Geography :...

    , Djeddah (closed in 1916)
  • 1913 Iskenderun
    Iskenderun
    İskenderun is a city and urban district in the province of Hatay on the Mediterranean coast of Turkey. The current mayor is Yusuf Hamit Civelek .-Names:...

     (closed in 1921)
  • 1914 Canakkale
    Çanakkale
    Çanakkale is a town and seaport in Turkey, in Çanakkale Province, on the southern coast of the Dardanelles at their narrowest point. The population of the town is 106,116 . The mayor is Ülgür Gökhan ....

    , Zahleh (closed in 1921)
  • 1916 Marseille
    Marseille
    Marseille , known in antiquity as Massalia , is the second largest city in France, after Paris, with a population of 852,395 within its administrative limits on a land area of . The urban area of Marseille extends beyond the city limits with a population of over 1,420,000 on an area of...

  • 1918 Paphos
    Paphos
    Paphos , sometimes referred to as Pafos, is a coastal city in the southwest of Cyprus and the capital of Paphos District. In antiquity, two locations were called Paphos: Old Paphos and New Paphos. The currently inhabited city is New Paphos. It lies on the Mediterranean coast, about west of the...

  • 1919 Hamah (closed in 1921)
  • 1920 Kirkuk
    Kirkuk
    Kirkuk is a city in Iraq and the capital of Kirkuk Governorate.It is located in the Iraqi governorate of Kirkuk, north of the capital, Baghdad...

    , Ashar, Tunis
    Tunis
    Tunis is the capital of both the Tunisian Republic and the Tunis Governorate. It is Tunisia's largest city, with a population of 728,453 as of 2004; the greater metropolitan area holds some 2,412,500 inhabitants....

    , Kermanshah
    Kermanshah
    Kermanshah is a city in and the capital of Kermanshah Province, Iran. At the 2006 census, its population was 784,602, in 198,117 families.The overwhelming majority of Kermanshahi people are Shi'a Muslims...

  • 1921 Troödos
    Troodos
    Troodos may refer to*Troodos Mountains, Cyprus, a Cypriot coaster in service 1947-52...

     (Cyprus), Zonguldak
    Zonguldak
    Zonguldak is a city and the capital of Zonguldak Province in the Black Sea region of Turkey. Its population, according to the 2009 census, was 108,792. It is an important port on the Black Sea because of the coal mining in Zonguldak Province...

  • 1922 Bethlehem
    Bethlehem
    Bethlehem is a Palestinian city in the central West Bank of the Jordan River, near Israel and approximately south of Jerusalem, with a population of about 30,000 people. It is the capital of the Bethlehem Governorate of the Palestinian National Authority and a hub of Palestinian culture and tourism...

    , Ramallah
    Ramallah
    Ramallah is a Palestinian city in the central West Bank located 10 kilometers north of Jerusalem, adjacent to al-Bireh. It currently serves as the de facto administrative capital of the Palestinian National Authority...

    , Nabulus, Hamadan
    Hamadan
    -Culture:Hamadan is home to many poets and cultural celebrities. The city is also said to be among the world's oldest continuously inhabited cities.Handicrafts: Hamadan has always been well known for handicrafts like leather, ceramic, and beautiful carpets....

    , Tehran
    Tehran
    Tehran , sometimes spelled Teheran, is the capital of Iran and Tehran Province. With an estimated population of 8,429,807; it is also Iran's largest urban area and city, one of the largest cities in Western Asia, and is the world's 19th largest city.In the 20th century, Tehran was subject to...

  • 1924 Musky-Cairo, Ismailia
    Ismaïlia
    -Notable natives:*Osman Ahmed Osman, a famous and influential Egyptian engineer, contractor, entrepreneur, and politician, was born in this town on 6 April 1917....

  • 1925 Amman
    Amman
    Amman is the capital of Jordan. It is the country's political, cultural and commercial centre and one of the oldest continuously inhabited cities in the world. The Greater Amman area has a population of 2,842,629 as of 2010. The population of Amman is expected to jump from 2.8 million to almost...

  • 1926 Malatya
    Malatya
    Malatya ) is a city in southeastern Turkey and the capital of its eponymous province.-Overview:The city site has been occupied for thousands of years. The Assyrians called the city Meliddu. Following Roman expansion into the east, the city was renamed in Latin as Melitene...

     (Turkey), Manisa
    Manisa
    Manisa is a large city in Turkey's Aegean Region and the administrative seat of Manisa Province.Modern Manisa is a booming center of industry and services, advantaged by its closeness to the international port city and the regional metropolitan center of İzmir and by its fertile hinterland rich in...

     (Turkey)
  • 1931 Tel Aviv
    Tel Aviv
    Tel Aviv , officially Tel Aviv-Yafo , is the second most populous city in Israel, with a population of 404,400 on a land area of . The city is located on the Israeli Mediterranean coastline in west-central Israel. It is the largest and most populous city in the metropolitan area of Gush Dan, with...

  • 1940 Geneifa (Egypt)
  • 1941 Port Tewfik (Egypt)
  • 1942 Mehalla Kebir (Egypt)
  • 1943 Kyrenia
    Kyrenia
    Kyrenia is a town on the northern coast of Cyprus, noted for its historic harbour and castle. Internationally recognised as part of the Republic of Cyprus, Kyrenia has been under Turkish control since the Turkish invasion of Cyprus in 1974...

  • 1946 Lefka
    Lefka
    Lefka is a town in Northern Cyprus, overlooking Morphou Bay. It is located in the Nicosia District , in the area under Turkish control since the 1974 invasion. In 1997 Lefka had 6,000 inhabitants. The town is the site of the European University of Lefke....

    , Morphou
  • 1947 Jerusalem-West, Fayoum, Tantah (Egypt)
  • 1948 Arbil
    Arbil
    Arbil / Hewlêr is the fourth largest city in Iraq after Baghdad, Basra and Mosul...

  • 1949 Khartoum
    Khartoum
    Khartoum is the capital and largest city of Sudan and of Khartoum State. It is located at the confluence of the White Nile flowing north from Lake Victoria, and the Blue Nile flowing west from Ethiopia. The location where the two Niles meet is known as "al-Mogran"...

    , Port Sudan
    Port Sudan
    Port Sudan is the capital of Red Sea State, Sudan; it has 489,725 residents . Located on the Red Sea, it is the Republic of Sudan's main port city.-History:...

  • 1956 Qatar
    Qatar
    Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...

  • 1962 Abu-Dhabi
  • 1969 Muscat
    Muscat, Oman
    Muscat is the capital of Oman. It is also the seat of government and largest city in the Governorate of Muscat. As of 2008, the population of the Muscat metropolitan area was 1,090,797. The metropolitan area spans approximately and includes six provinces called wilayats...


Ottoman Bank Museum

The Ottoman Bank headquarters on Voyvoda Street (a.k.a. Bankalar Caddesi, banks street) in Karaköy
Karaköy
Karaköy, the modern name for the ancient Galata, is a commercial neighborhood in the Beyoğlu district of Istanbul, Turkey, located at the northern part of the Golden Horn mouth on the European side of Bosphorus....

, Istanbul
Istanbul
Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...

 was built by renowned French
French people
The French are a nation that share a common French culture and speak the French language as a mother tongue. Historically, the French population are descended from peoples of Celtic, Latin and Germanic origin, and are today a mixture of several ethnic groups...

-Turkish
Turkish people
Turkish people, also known as the "Turks" , are an ethnic group primarily living in Turkey and in the former lands of the Ottoman Empire where Turkish minorities had been established in Bulgaria, Cyprus, Bosnia and Herzegovina, Georgia, Greece, Kosovo, Macedonia, and Romania...

 architect Alexander Vallaury
Alexander Vallaury
Alexander Vallaury was a French-Ottoman architect, who founded architectural education and lectured in the School of Fine Arts in Constantinople , Ottoman Empire....

 in 1890, and used as the head office of the Ottoman Bank from its opening on May 27, 1892, until 1999. In addition to housing the Karaköy branch of Garanti Bank and its area directorates, the building was the site of the Ottoman Bank Museum and the Ottoman Bank Archives and Research Centre. The objects and documents displayed in the Ottoman Bank Museum provided insight into the late Ottoman and early Republican period, displaying the economic, social and political environment of the times through market operations, bank branches, customer files and personnel files in a combination of both chronological and thematic approaches.

Four bank vault
Bank vault
A bank vault is a secure space where money, valuables, records, and documents can be stored. It is intended to protect their contents from theft, unauthorized use, fire, natural disasters, and other threats, just like a safe...

s, located at the center of the main exhibit hall, were used to display archival series such as stocks and bonds, accounting books, customer files, deposit cards, personnel files and photographs. The largest two-storied vault hosted the banknotes and silver coins issued between 1863 and 1914 together with the story, design, registration and samples of each.

Closed for construction in 2009, the Ottoman Bank building reopens November 22, 2011 as SALT Galata, one of two buildings hosting the activities of the cultural institution SALT
SALT (institution)
SALT is a not-for-profit institution located in Istanbul, Turkey. Opened in April 2011, SALT hosts exhibitions, conferences and public programs; engages in interdisciplinary research projects; and sustains SALT Research, a library and archive of recent art, architecture, design, urbanism, and...

. SALT Galata houses the Ottoman Bank Museum, and makes the full holdings of the Ottoman Bank Archives and Research Centre
Ottoman Bank Archives and Research Centre
Founded in March 1997 by the Ottoman Bank in collaboration with the , the operated in the former Head Office of the Ottoman Bank in Istanbul, Turkey from 1999 to 2010...

's library and archives available to the public via SALT Research.

External Links

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