Emerging markets: Turkey; Uraguay; Philippines; Morocco

Edited by Brian Caplen

New empire for Ottoman Bank

It is still called Bankalar Caddesi, bank street, but shops selling light fittings have taken over most of the premises that were once occupied by bank headquarters in Pera, Ottoman Istanbul’s European quarter. Driven away by traffic and pollution, banks moved to custom-made new buildings in the outer districts of the city where access is easier.

The only bank which still resides on Bankalar Caddesi is the venerable Ottoman Bank which occupies a colossal nineteenth-century stone building blackened by smog.



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