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Ottoman Bank Takeover
The occupation of the Ottoman Bank ( tr, Osmanlı Bankası Baskını, "Raid on the Ottoman Bank"; hy, Պանք Օթօմանի գրաւումը, ''Bank Otomani k'ravumĕ'' "Ottoman Bank takeover") by members of the Armenian Revolutionary Federation (Dashnak Party) took place in Istanbul, the capital of the Ottoman Empire, on 26 August 1896. In an effort to raise further awareness and action by the major European powers, 28 armed men and women led primarily by Papken Siuni and Armen Garo took over the bank which largely employed European personnel from Great Britain and France. Stirred largely due to the inaction of the European powers in regard to Hamidian massacres started by Sultan Abdul Hamid II. The Armenian Revolutionary Federation members saw its seizure as their best attempt to bring full attention to their plight. The Ottoman Bank, at the time, served as an important financial center for both the Empire and the countries of Europe. Armed with pistols, grenades, dynamit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ottoman Bank
The Ottoman Bank ( tr, Osmanlı Bankası), known from 1863 to 1925 as the Imperial Ottoman Bank (french: Banque Impériale Ottomane, ota, بانق عثمانی شاهانه) and correspondingly referred to by its French acronym BIO, was a bank that played a major role in the financial history of the Ottoman Empire. By the early 20th century, it was the dominant bank in the Ottoman Empire, and one of the largest in the world. It was founded in 1856 as a British institution chartered in London, and reorganized in 1863 as a French-British venture with head office in Constantinople, on a principle of strict equality between British and French stakeholders. It soon became dominated by French interests, however, primarily because of the greater success of its offerings among French savers than British ones. In its early years, the BIO was principally a lender to the Ottoman government with a monopoly on banknote issuance and other public-interest roles, including all treasury operati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
