Ottoman bench

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  Osmanlı Bankası
Ottoman bench 1890-1892
Country TurkeyTurkey Turkey
Seat Istanbul , Turkey
legal form Corporation
founding 1856
resolution 2001 (integration into Garanti Bankası )

Template: Infobox_Kreditinstitut / Maintenance / ID is missing

The Ottoman Bank ( Turkish Osmanlı Bankası ; Ottoman Turkish : “Bank-ı Osmani”, from 1863 “Bank-ı Osmanî-i Şahane”; French Banque ottomane ) was a credit institution in the Ottoman Empire , became a private central bank and took over tasks after the nationalization Central bank . It had its headquarters in Constantinople and existed from 1856 to 2001.

History and establishment as a private central bank

In 1839 the Ottoman Empire issued banknotes ("Qaimet-mutaberet naqdije") for the first time. This paper money proved to be of little stable value and sank to 35% of the face value. With the Crimean War of 1853–1856, the government finally lost the ability to support the value of these notes.

On the initiative of the government, the Ottoman Bank was founded in Istanbul in the Galata district in 1856 . The United Kingdom , the Banque de Paris et des Pays-Bas and the Ottoman government were involved. Of the 135,000 shares, the English group acquired 80,000, the French 50,000 and the Ottomans 5000.

The government of the Ottoman Empire gave the bank permission to issue banknotes in denominations of 5, 10, 20, 50 and 100 piastres . In return, the government received a loan to buy back the banknotes it had issued itself.

State Bank

On February 4, 1863, the bank renamed Banque impériale ottomane . She performed under this name until 1924. On February 18, 1875, it became the state bank of the Ottoman Empire.

Another story

On August 26, 1896, the headquarters of the Banque Impériale Ottomane in Constantinople were occupied by members of the Armenian underground organization ARF , and customers and employees were taken hostage. See Occupation of the Ottoman Bank . In June 1996 it was sold to Doğuş Holding . In 2001 it became part of the Garanti Bank .

Branches (selection)

See also

Web links

Commons : Ottoman Bank  - Collection of Images, Videos and Audio Files

Individual evidence

  1. ^ Albert Pick: "Papiergeld", Braunschweig 1967, p. 338