Oyak Bank
ING is the Turkish subsidiary of the ING Group, an international banking company. The bank was formerly known as Oyak Bank, which became part of ING Group in December 2007. It provides retail and commercial banking services to individuals and businesses in Turkey, together with related financial products such as insurance and asset management. It was a financial subsidiary of OYAK Holding (Turkish Army Members Solidarity Fund) between 1993 and 2007. History US-based First National Bank of Boston opened a branch in Istanbul, Turkey in 1984. The bank has operated independently since 1990 with three companies owning majority stakes: Alarko, Cerrahoğlu and Oyak. The bank's name changed to Turkish Boston Bank A.Ş. again in 1991 and then OYAK purchased the other shares, becoming the only shareholder of the bank. Finally, the bank was again renamed to Oyak Bank in 1996. In 2002, Sümerbank Sümerbank was a Turkish bank and Industrial sector, industrial holding company established ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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]   |
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OYAK
Ordu Yardımlaşma Kurumu (OYAK) (English language, English: ''Military Solidarity Institution''), is a Turkish Charity (practice), charity and Turkish Armed Forces, military pension fund with around 470,000 members. The OYAK Holding Investment Subsidiary Group is one of the largest industrial groups in Turkey. The group was the former owner of ING Oyak Bank, sold to ING Bank in 2007, and the Oypa supermarket chain. In 2012, it was rated BB+/stable by Standard & Poor's. The group co-owns car manufacturer Oyak-Renault and steel producer Erdemir. OYAK Group of Companies added Sagra to its structure in April 2021. OYAK is on the global coal exit list published by Urgewald because it owns İsken Sugözü power station. OYAK is a private entity that is subject to Turkish civic and commercial law. OYAK, also offers services such as consumer loans, housing loans, pension system, stock market investment support to its members. OYAK provides members with supplementary retirement benefits ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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ING Group
ING Group N.V. () is a Dutch multinational corporation, multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the List of largest banks, largest banks globally. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since in 2012, ING Bank is a member in the list of systemically important banks, list of global systemically important banks. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. In 2020, ING had 53.2 million clients in more than 40 countries. Th ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Turkey
Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armenia, Azerbaijan, and Iran to the east; Iraq, Syria, and the Mediterranean Sea to the south; and the Aegean Sea, Greece, and Bulgaria to the west. Turkey is home to over 85 million people; most are ethnic Turkish people, Turks, while ethnic Kurds in Turkey, Kurds are the Minorities in Turkey, largest ethnic minority. Officially Secularism in Turkey, a secular state, Turkey has Islam in Turkey, a Muslim-majority population. Ankara is Turkey's capital and second-largest city. Istanbul is its largest city and economic center. Other major cities include İzmir, Bursa, and Antalya. First inhabited by modern humans during the Late Paleolithic, present-day Turkey was home to List of ancient peoples of Anatolia, various ancient peoples. The Hattians ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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OYAK Holding
Ordu Yardımlaşma Kurumu (OYAK) ( English: ''Military Solidarity Institution''), is a Turkish charity and military pension fund with around 470,000 members. The OYAK Holding Investment Subsidiary Group is one of the largest industrial groups in Turkey. The group was the former owner of ING Oyak Bank, sold to ING Bank in 2007, and the Oypa supermarket chain. In 2012, it was rated BB+/stable by Standard & Poor's. The group co-owns car manufacturer Oyak-Renault and steel producer Erdemir. OYAK Group of Companies added Sagra to its structure in April 2021. OYAK is on the global coal exit list published by Urgewald because it owns İsken Sugözü power station. OYAK is a private entity that is subject to Turkish civic and commercial law. OYAK, also offers services such as consumer loans, housing loans, pension system, stock market investment support to its members. OYAK provides members with supplementary retirement benefits apart from the official retirement fund, Emekli Sandı ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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First National Bank Of Boston
BankBoston was an American bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank. One of its predecessor banks started in 1784, but the merged BankBoston was short-lived, being acquired by FleetBoston Financial in 1999. In 2005, FleetBoston was purchased by, and merged into, Bank of America of Charlotte, North Carolina. After the sale of its Latin American branches in 2006, BankBoston currently exists solely as a subsidiary private bank owned by Bank of America. History The history of BankBoston represents the combination of dozens of banks throughout the New England region acquired over the course of more than two centuries. Among its notable predecessors were the Massachusetts Bank, the First National Bank of Boston, the Old Colony Trust Company and BayBank. The Massachusetts Bank Bank of Boston traced its roots back to The Massachusetts Bank founded in 1784. The Massachusetts Bank was the first federally chartered joint-stock ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Alarko
Alarko Holding is one of the largest business conglomerates in Turkey; it is listed on the Istanbul Stock Exchange. It operates in various sectors, including construction, electricity generation and distribution, tourism, and real estate. It was founded by İshak Alaton and Üzeyir Garih in 1954. History As of 2014, it operates in the fields of contracting, energy, industry, tourism, aquaculture and real estate. In addition, Alarko Education and Culture Foundation (ALEV) was established in 1986 to take part in social responsibility projects within the Holding. Greenhouse gas emissions Climate Trace estimates half-owned Cenal coal-fired power plant emitted over 7 million tons of the country’s total 730 million tons of greenhouse gas in 2022. So it is on the Urgewald Urgewald is a group that researches coal companies, because they are among the top contributors to greenhouse gas emissions and so cause climate change Present-day climate change includes both ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Oyak
Ordu Yardımlaşma Kurumu (OYAK) (English language, English: ''Military Solidarity Institution''), is a Turkish Charity (practice), charity and Turkish Armed Forces, military pension fund with around 470,000 members. The OYAK Holding Investment Subsidiary Group is one of the largest industrial groups in Turkey. The group was the former owner of ING Oyak Bank, sold to ING Bank in 2007, and the Oypa supermarket chain. In 2012, it was rated BB+/stable by Standard & Poor's. The group co-owns car manufacturer Oyak-Renault and steel producer Erdemir. OYAK Group of Companies added Sagra to its structure in April 2021. OYAK is on the global coal exit list published by Urgewald because it owns İsken Sugözü power station. OYAK is a private entity that is subject to Turkish civic and commercial law. OYAK, also offers services such as consumer loans, housing loans, pension system, stock market investment support to its members. OYAK provides members with supplementary retirement benefits ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sümerbank
Sümerbank was a Turkish bank and Industrial sector, industrial holding company established in 1933 and originally owned by the Turkish state, now part of Oyak Bank. On 11 January 2002, Oyak Bank acquired Sümerbank and the combined bank is now known under the Oyak Bank name. History Sümerbank Textile Factory was established in 1933 as a state owned bank for funding the construction of textile factories and the development of the textile industry in Turkey. A year earlier, in 1932, President Mustafa Kemal Atatürk and Prime Minister İsmet İnönü had secured a foreign credit loan worth 8.5 million Turkish liras from the Soviet Union (which offered the lowest interest rates to Turkey in that period) for the construction of Sümerbank's first textile factory in Kayseri. The first textile production plant in Kayseri was opened in September 1935. The Soviet Union also provided credit loans and technical assistance for Turkey's ''First Five-Year Industrial Plan'' ('':tr:Birinci B ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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]   |