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Ä°nterbank
İnterbank A.Ş is a defunct Turkish bank, the successor of the Banque de Salonique () founded in 1888 in Thessaloniki () and relocated to Istanbul in 1910. In 1969, that bank was sold by its French controlling shareholders and renamed . It was renamed ''Interbank A.Ş.'' in 1990, several years after being taken over by Çukurova Holding. Çukurova sold its majority stake to Cavit Çağlar's Nergis Holding in 1996. It was taken over by the government's TMSF on 7 January 1999, merged with Etibank, and went into liquidation on 2 July 2001.Turkish Banks AssociationHistorical Data about Closed Banks - tbb.org.tr/ref> In June 1999 prosecutors alleged that in 1998 Interbank had transferred over $650m to Nergis Holding companies - far in excess of legal limits for intra-group transfers. The total amount owed by Nergis to Interbank was said to be over $1.1bn.Turkish Daily NewsInterbank Fraud Case Entangles Former Politicians/ref> In 2004, Çağlar and others associated with Nergis were sent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cavit Çağlar
Cavit Çağlar (born 1944, Komotini, Greece) is a Turkish businessman and politician and convicted felon. In 2004 he was sentenced to three years ten months for bank fraud, a $7.4m business bank loan for personal use, leading to the bankruptcy of İnterbank. He had been elected to the Grand National Assembly of Turkey (TBMM) for the True Path Party (Turkey), True Path Party (DYP) in 1991, serving as a Minister of State responsible for state-owned banks (51st government of Turkey, 51st and 52nd government of Turkey). He resigned from the DYP in 1996, remaining in parliament as an independent until 1999. He had been a major financial contributor to the political comeback of President Süleyman Demirel. Early life Çağlar was born in Komotini, Greece to ethnic Turks, moving to Turkey when he was still at school. He left school at age 15 when his father died to look after his family. He entered the textile business, joining his uncle, a textile merchant in Bursa. With his uncle's s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque De Salonique
The Bank of Salonica (, , ) was a regional bank headquartered in Thessaloniki (then known as Salonica) and Istanbul. Created in 1886 under the initial leadership of the History of the Jews in Thessaloniki, Salonica Jewish Allatini family with Austrian, Hungarian and French banking partners, it contributed to the development of the Eastern Mediterranean and Southern Balkans during the late Ottoman Empire. In the Interwar period its activity was mainly focused on Northern Greece, where it operated until the Axis occupation of Greece, German occupation, and Turkey, where it kept operating until 2001, albeit under different names after 1969. Its preserved headquarters buildings are landmarks, respectively, of Valaoritou Street, a significant thoroughfare of downtown Thessaloniki, and of Bankalar Caddesi in the Karaköy neighborhood of Istanbul. Name The defunct bank's French name is commonly used because of its historical context. In the late 19th century, the use of French was prom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Etibank
Etibank A.Ş is a defunct Turkish bank. Founded in 1935 as a state bank focussed on financing the electricity sector, it launched commercial banking activities in 1955. The commercial banking division was separated out in 1993 (from what would become Eti Mine Works), and privatised on 2 March 1998 to Medya İpek Holding A.Ş., co-owned by Cavit Çağlar and Dinç Bilgin, for $155m. The bank was sold to Bilgin's Medya Sabah Holding A.Ş. in 2000. It was taken over by the government's TMSF in October 2000, and Eskişehir Bankası T.A.Ş. and İnterbank A.Ş. merged into it on 2 July 2001. It was merged into the TSMF's Bayındırbank on 5 April 2002.TBBHistorical Data about Closed Banks - tbb.org.tr In 2011, Dinç Bilgin was sentenced to nearly five years in prison for financial irregularities relating to his ownership of Etibank. Others were also convicted for their roles.'' Haberturk'', 17 April 2011Dinç Bilgin gets 4 years and 10 months behind bars for embezzlement!/ref> R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Istanbul
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1888 Establishments In The Ottoman Empire
Events January * January 3 – The great telescope (with an objective lens of diameter) at Lick Observatory in California is first used. * January 12 – The Schoolhouse Blizzard hits Dakota Territory and the states of Montana, Minnesota, Nebraska, Kansas and Texas, leaving 235 dead, many of them children on their way home from school. * January 13 – The National Geographic Society is founded in Washington, D.C. * January 19 – The Battle of the Grapevine Creek, the last major conflict of the Hatfield–McCoy feud in the Southeastern United States. * January 21 – The Amateur Athletic Union is founded by William Buckingham Curtis in the United States. * January 26 – The Lawn Tennis Association is founded in England. February * February 27 – In West Orange, New Jersey, Thomas Edison meets with Eadweard Muybridge, who proposes a scheme for sound film. March * March 8 – The Agriculture College of Utah (later Utah State University) i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Turkey
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkish Daily News
Turkish may refer to: * Something related to Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities in the former Ottoman Empire * The word that Iranian Azerbaijanis use for the Azerbaijani language * Ottoman Empire (Ottoman Turkey), 1299–1922, previously sometimes known as the Turkish Empire ** Ottoman Turkish, the Turkish language used in the Ottoman Empire * Turkish Airlines, an airline * Turkish music (style), a musical style of European composers of the Classical music era * Turkish, a character in the 2000 film '' Snatch'' See also * * * Turk (other) * Turki (other) * Turkic (other) * Turkey (other) * Turkiye (other) * Turkish Bath (other) * Turkish population, the number of ethnic Turkish people in the world * Culture of Turkey * History of Turkey ** History of the Republic of Turkey * Turkic languages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkish Banks Association
The Banks Association of Turkey (sometimes referred as, the ''Turkish Banks Association'') or ''Türkiye Bankalar Birliği'' (TBB) is an organisation for banks in Turkey. Membership is compulsory for commercial and investment banks operating in Turkey.TBBThe Association/ref> Its activities include conducting policy-related research and collecting statistics. As of April 2016, it has 47 members. TBB has a General Assembly, which consist of representatives from member banks. General Assembly elects Board of Directors proportional to banks' year-end total assets. 8 members are elected by top 10 commercial banks, 3 members are elected by following 8 banks, 1 member elected by others and 1 member elected by investment banks. Participation banks, which operate as Islamic banking Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Istanbul
Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics of Turkey, population of Turkey. Istanbul is among the List of European cities by population within city limits, largest cities in Europe and List of cities proper by population, in the world by population. It is a city on two continents; about two-thirds of its population live in Europe and the rest in Asia. Istanbul straddles the Bosphorus—one of the world's busiest waterways—in northwestern Turkey, between the Sea of Marmara and the Black Sea. Its area of is coterminous with Istanbul Province. Istanbul's climate is Mediterranean climate, Mediterranean. The city now known as Istanbul developed to become one of the most significant cities in history. Byzantium was founded on the Sarayburnu promontory by Greek colonisation, Greek col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Çukurova Holding
Çukurova Holding, established in 1923, is an industrial and commercial conglomerate based in Turkey. It is engaged in a range of sectors such as industrial, construction, communication and IT, media, transportation, financial services and energy.ForbesMehmet Emin Karamehmet/ref> Çukurova Holding managed its newspapers, magazines and radio stations under TurkMedya, in the Çukurova Media Group, but transferred most remaining media assets to the state TMSF in 2013, in settlement of a tax debt. Çukurova has been involved in litigation since 2005 over part-ownership of Turkcell. Media On 18 May 2013 Çukurova Media Group transferred a substantial number of its properties to the state TMSF, in partial settlement of a tax debt. With various media properties closed down in previous years, it leaves Çukurova with few media assets. Digital TV broadcasting and services Digiturk was incorporated as a digital platform in May 1999. Digiturk purchases, produces and packages Turki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
