Property, finance and architecture. The Imperial Ottoman Bank’s branch buildings (original) (raw)
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Review of Middle East Economics and Financ, 2015
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Before 1900, there were few foreign banks in the Ottoman Empire. The most important foreign bank was the Imperial Ottoman Bank. Many rival foreign banks established a presence over time, which could have undermined the power of the Imperial Ottoman Bank due to greater competition. This article examines how rival foreign banks affected the Imperial Ottoman Bank branches, using data on profits of these branches between 1895 and 1914. Empirical findings do not indicate that rival bank branches were related to lower profits for Imperial Ottoman Bank branches in the respective markets. https://www.degruyter.com/document/doi/10.1515/rmeef-2015-0009/html
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The historical structure designed for the use of Ottoman Bank and the Regie Company is located in Galata; one of the old districts of Istanbul. The building is an impressive structure standing on an important commercial street of the 19 th century today named as " Bankalar Caddesi ". The street name can be translated as " Banks Street " which may reference its commercial identity. The building has also become one of the significant elements of the silhouette of Galata by the Golden Horn after its construction. The masonry structure is one singular rectangular building designed for the use of two offices by architect Aléxandre Vallaury and historical sources indicate the opening date of the building as 1892. The building has two identical entrances for two companies. The eastern half of the building, served as Ottoman Bank for long years, has been owned by another bank company (Garanti Bank) since 1996. After the building changed hands, the usage of this part was replanned dominantly for cultural purposes such as Museum of Ottoman Bank, library, conference and movie halls etc. giving the visitors the opportunity to observe the historical installations of the building for instance; big metal bank safes. The eastern part has undergone an intensive restoration in 2009 and is now being used as a cultural center. The western part has owned and been used as the Istanbul Branch of Central Bank of Turkey since 1934. The restoration of this part is still in progress. The restoration works related to both parts of the building has been conducted with a universal understanding of conservation and scientific approach. The detailed surveys are prepared using advanced instrumental techniques and methods. The materials and deteriorations are determined by analytical surveys on elevations and sections. The structural condition of the structure is investigated by a scientific team. The original building materials are analyzed in the conservation laboratory for their characterization in order to design the repair materials. Archival research was conducted for the restitution and chronological analysis. The decisions for the conservation of the building are then determined. This paper aims to identify the building techniques and building materials of the facades in detail by the support of all the research completed above.
Journal of the Human and Social Science Researches, 2023
In the climate of rapid transformation in the Turkish economy and integration with global economies, new players have emerged in many sectors. For the last decades, the general economic outlook has begun to diversify and become an economy in which not only domestic companies but also foreign capital companies operate. Especially after 1980, policies involving financial liberalization have increased foreign capital inflows into the banking sector of Turkish economy over time. In this context, the ownership status of most of the national private banks has changed by mergers and acquisitions. Also, there is a rapid increase in the number of new foreign banks which were established and started to operate across the sector. The aim of this study is to search the effects of foreign capital inflow into Turkish banking sector for the last decades. For this reason in the first place, a general information has been given about the economic policies and the change in the financial system in Turkey since 1980. After that, a variety of performance measurements have been examined in this study. Namely, apart from the public banks, state-owned commercial banks, privately-owned commercial banks and the banks owned by foreign capital in Turkey have been taken in to consideration and the selected ratios/indicators of the relevant banks have been compared with the sector averages. The observations and comparisons have been made mainly on a period of last ten years, between 2009-2019. While the reasons that attract multinational companies and foreign capital banks to the Turkish economy and the effects of the increase in the number of foreign capital banks in the sector are discussed, the financial performances of foreign banks are examined by comparing them with the performances of other public and private banks.