Turkish Bank
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Turkish Bank
Turkish Bank Group is a banking corporation established during 1901 as the ''Nicosia Savings Box'' in Cyprus to assist businesses by providing capital and financial support for local tradesmen. Supervised by the custodian ''Hacı İbrahim Efendi'' and led by an established businessman of the area ''Mufti Hafiz Ziyai Efendi''. By 1925 it had been turned into a savings bank, and by 1974 (as ''Türk Bankası Ltd./Turkish Bank Ltd.'') established branches in London. As of 2013, the bank is operating with branches in Haringay, Dalston, Edmonton, Lewisham and Palmers Green, along with headquarters and main branch located on Borough High Street near London Bridge. Then in 1982, it opened its first branches on mainland Turkey, and in 1993 it issued its first credit cards. It now operates under several names: *''Turkish Bank A.Ş.'' as a private bank - alongside ''Turkish Yatırım A.Ş'' as an investment brokerage service. *''Allied Turkish Bank'' as an offshore bank in No ...
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Turkish may refer to: *a Turkic language spoken by the Turks * of or about Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities and minorities in the former Ottoman Empire * 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 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 :''See History of the Republic of Turkey for the history of the modern state.'' The history of Turkey, understood ...
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London Borough Of Haringey
The London Borough of Haringey (pronounced , same as Harringay) is a London borough in North London, classified by some definitions as part of Inner London, and by others as part of Outer London. It was created in 1965 by the amalgamation of three former boroughs. It shares borders with six other London boroughs. Clockwise from the north, they are: Enfield, Waltham Forest, Hackney, Islington, Camden, and Barnet. Haringey covers an area of more than . Some of the more familiar local landmarks include Alexandra Palace, Bruce Castle, Jacksons Lane, Highpoint I and II, and Tottenham Hotspur Football Club. The borough has extreme contrasts: areas in the west, such as Highgate, Muswell Hill and Crouch End are among the most prosperous in the country; in the east of the borough, some wards are classified as being among the most deprived 10% in the country.Office for National Statistics Haringey is also a borough of contrasts geographically. From the wooded high ground around Highg ...
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Factoring (finance)
Factoring is a financial transaction and a type of debtor finance in which a business ''sells'' its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount.O. Ray Whittington, CPA, PhD, "Financial Accounting and Reporting", Wiley CPAexcel EXAM REVIEW STUDY GUIDE, John Wiley & Sons Inc., 2014 A business will sometimes factor its receivable assets to meet its present and immediate cash needs.The Wall Street Journal, "How to Use Factoring for Cash Flo small-business/funding. Forfaiting is a factoring arrangement used in international trade finance by exporters who wish to sell their receivables to a forfaiter.Please refer to the Wiki article forfaiting for further discussion on cites. Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable. The C ...
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Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from co ...
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Northern Cyprus
Northern Cyprus ( tr, Kuzey Kıbrıs), officially the Turkish Republic of Northern Cyprus (TRNC; tr, Kuzey Kıbrıs Türk Cumhuriyeti, ''KKTC''), is a ''de facto'' state that comprises the northeastern portion of the Geography of Cyprus, island of Cyprus. List of states with limited recognition, Recognised only by Turkey, Northern Cyprus is considered by the international community to be part of the Cyprus, Republic of Cyprus. Northern Cyprus extends from Cape Apostolos Andreas, the tip of the Karpass Peninsula in the northeast to Morphou Bay, Cape Kormakitis and its westernmost point, the Kokkina exclave in the west. Its southernmost point is the village of Louroujina. A United Nations Buffer Zone in Cyprus, buffer zone under the control of the United Nations stretches between Northern Cyprus and the rest of the island and divides Nicosia, the island's largest city and capital of both sides. A 1974 Cypriot coup d'état, coup d'état in 1974, performed as part of an attempt ...
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Offshore Bank
An offshore bank is a bank regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. Since the 1980s, jurisdictions that provide financial services to nonresidents on a big scale can be referred to as offshore financial centres. OFCs often also levy little or no corporation tax and/or personal income and high direct taxes such as duty, making the cost of living high. With worldwide increasing measures on CTF ( combatting the financing of terrorism) and AML (anti-money laundering) compliance, the offshore banking sector in most jurisdictions was subject to changing regulations. Since 2002 the Financial Action Task Force issues the so-called FATF blacklist of "Non-Cooperative Countries or Territories" (NCCTs), which it perceived to be non-c ...
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Broker
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal. Definition A broker is an independent party whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate or stock broker who facilitates the sale of a property. Brokers can furnish market research and market data. Brokers may represent either the seller or the buyer but generally not both at the same time. Brokers are expected to have the tools and resources to reach the largest possible base of buyers and sellers. They then screen these potential buyers or sellers for the perfe ...
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Private Bank
Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes#The Revocation of the Edict of Nantes, Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. Notable private banks This list contains two types of banks: * Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s). * Incorporated banks specialized in wealth management for high-net-worth individuals. China *Bank of Communications, founded in 1908 *China Merchants Bank France * Compagnie Fin ...
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Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit car ...
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London Bridge
Several bridges named London Bridge have spanned the River Thames between the City of London and Southwark, in central London. The current crossing, which opened to traffic in 1973, is a box girder bridge built from concrete and steel. It replaced a 19th-century stone-arched bridge, which in turn superseded a 600-year-old stone-built medieval structure. This was preceded by a succession of timber bridges, the first of which was built by the Roman founders of London. The current bridge stands at the western end of the Pool of London and is positioned upstream from previous alignments. The approaches to the medieval bridge were marked by the church of St Magnus-the-Martyr on the northern bank and by Southwark Cathedral on the southern shore. Until Putney Bridge opened in 1729, London Bridge was the only road crossing of the Thames downstream of Kingston upon Thames. London Bridge has been depicted in its several forms, in art, literature, and songs, including the nursery rh ...
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Borough High Street
Borough High Street is a road in Southwark, London, running south-west from London Bridge, forming part of the A3 route which runs from London to Portsmouth, on the south coast of England. Overview Borough High Street continues southwest as Newington Causeway, here co-inciding with ancient Stane Street, the Roman road between London and Chichester. Another important connection is with the Dover Road (the modern A2 route) which diverges in a south-east direction from Borough High Street at a junction of five roads adjacent to Borough Underground station as Great Dover Street. The Dover Road mostly follows the alignment of Roman Watling Street, though, here, the original Roman route was along Tabard Street closely parallel with Great Dover Street to the north. The stretch of Borough High Street south of the junction with Long Lane, Marshalsea Road, and Tabard Street, where stands the ancient church of St. George the Martyr, was formerly called Blackman Street after a lo ...
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Palmers Green
Palmers Green is a suburban area and electoral ward in North London, England, within the London Borough of Enfield. It is located within the N13 postcode district, around north of Charing Cross. It is home to the largest population of Greek Cypriots outside Cyprus and is often nicknamed "Little Cyprus" or "Palmers Greek". Etymology Recorded as ''Palmers grene'' 1608, 'village green associated with a family called Palmer' (mentioned in local records from the 14th century), from the Middle English ''grene''. History Palmers Green was once a tiny hamlet in the parish of Edmonton, situated at the junction of Green Lanes and Fox Lane. Its population was very small, and there were no more than a few isolated houses in the mid-17th century. Local records mention a Palmers Field in 1204 and a Palmers Grove in 1340. Palmers Green is mentioned as a highway in 1324 (in Westminster Abbey Muniments). By 1801 the area had grown to a village of 54 buildings, including two inns (according ...
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