İktisat Bankası
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İktisat Bankası
(literally: "Economy Bank Turkey Inc.") was a former Turkish bank. Founded as in 1927, it was transformed from a local bank to a nationwide operating deposit bank in 1971. Renamed in 1980, it was closed down in 2001 due to financial problems. History Following the İzmir Economic Congress in 1923, a number of small local banks were founded in Turkey. One of these was , a local bank founded in Denizli in 1927. In 1971, it was reconstituted as a deposit bank operating nationwide. In 1980, the bank was renamed to , and its headquarter was moved to Istanbul. As one of the two banks affected by the financial crises took place in Turkey during February 2001, İktisat Banksaı went under the control of the Banking Regulation and Supervision Agency The Banking Regulation and Supervision Agency, BRSA ( tr, Bankacılık Düzenleme ve Denetleme Kurumu, BDDK) is an independent agency in Turkey whose task is to regulate and supervise the banking system in the country. It aims to "provi ...
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Bank
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. Because 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 a ...
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Denizli
Denizli is an industrial city in the southwestern part of Turkey and the eastern end of the alluvial valley formed by the river Büyük Menderes, where the plain reaches an elevation of about . Denizli is located in the country's Aegean Region. The city has a population of about 646,278 (2018 census). This is a jump from 389,000 in 2007, due to the merger of 13 municipalities and 10 villages when the area under Denizli Municipality jurisdiction increased almost fivefold and the population around 50 percent. Denizli (Municipality) is the capital city of Denizli Province. Denizli has seen economic development in the last few decades, mostly due to textile production and exports. Denizli also attracts visitors to the nearby mineral-coated hillside hot spring of Pamukkale, and with red color thermal water spa hotels Karahayıt, just north of Pamukkale. Recently, Denizli became a major domestic tourism destination due to the various types of thermal waters in Sarayköy, Central/D ...
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Istanbul
Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, cultural and historic hub. The city straddles the Bosporus strait, lying in both Europe and Asia, and has a population of over 15 million residents, comprising 19% of the population of Turkey. Istanbul is the list of European cities by population within city limits, most populous European city, and the world's List of largest cities, 15th-largest city. The city was founded as Byzantium ( grc-gre, Βυζάντιον, ) in the 7th century BCE by Ancient Greece, Greek settlers from Megara. In 330 CE, the Roman emperor Constantine the Great made it his imperial capital, renaming it first as New Rome ( grc-gre, Νέα Ῥώμη, ; la, Nova Roma) and then as Constantinople () after himself. The city grew in size and influence, eventually becom ...
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Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with a East Thrace, small portion on the Balkans, Balkan Peninsula in Southeast Europe. It shares borders with the Black Sea to the north; Georgia (country), Georgia to the northeast; Armenia, Azerbaijan, and Iran to the east; Iraq to the southeast; Syria and the Mediterranean Sea to the south; the Aegean Sea to the west; and Greece and Bulgaria to the northwest. Cyprus is located off the south coast. Turkish people, Turks form the vast majority of the nation's population and Kurds are the largest minority. Ankara is Turkey's capital, while Istanbul is its list of largest cities and towns in Turkey, largest city and financial centre. One of the world's earliest permanently Settler, settled regions, present-day Turkey was home to important Neol ...
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Banking
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. Because 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 a ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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İzmir Economic Congress
İzmir Economic Congress ( tr, İzmir İktisat Kongresi) was held in İzmir, Turkey between 17 February - 4 March 1923, shortly after the end of the Turkish War of Independence and during the interval between the two conferences that led to the Lausanne Treaty the same year. The conference was held in order to emphasize the importance of Turkish economic development, as the country had been shattered by years of war. Early Turkish economic policy was articulated at this congress. The newborn republic was to have a mixed economy—as advised by Mustafa Kemal Atatürk. Mustafa Kemal's conjunctural words have long been quoted by the statist economists in Turkey in an effort to justify the state's role in economy. A second Congress under the same name and with stressed references to the first was held in 1981 after the 1980 Turkish coup d'état, and a third (named Economic Congress of Turkey) was organized by Turkey's State Planning Organization (''T.C. Başbakanlık Devlet Pl ...
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Banking Regulation And Supervision Agency
The Banking Regulation and Supervision Agency, BRSA ( tr, Bankacılık Düzenleme ve Denetleme Kurumu, BDDK) is an independent agency in Turkey whose task is to regulate and supervise the banking system in the country. It aims to "provid reliability and stability in financial markets", "ensur the efficient running of the credit system", and protect consumer rights."About Agency"
BRSA. Archived on 28 September 2019 at the
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Savings Deposit Insurance Fund Of Turkey
The Savings Deposit Insurance Fund of Turkey ( tr, Tasarruf Mevduatı Sigorta Fonu), a.k.a. TMSF in abbreviated form, is the governing body concerned with matters of fund management and insurance in the Turkish banking system. The body was founded in 1933 with the name Deposit Protection Act ( tr, Mevduatı Koruma Kanunu). In 1960, the name was changed to Bankalar Tasfiye Fonu ( tr, Bankalar Tasfiye Fonu). The current name was adopted in 1983. TMSF is also involved in the media industry, and owns at least one asset each for every newspaper, pay television, television and radio station. In 2013, TMSF acquired some assets from Çukurova Media Group after the company was forced to sell due to tax debts. The institution was initially overseen by the Central Bank of Turkey The Central Bank of the Republic of Turkey, CBRT ( tr, Türkiye Cumhuriyet Merkez Bankası, TCMB, literally "The Turkish Republic Central Bank") is the central bank of Turkey. Its responsibilities include conduc ...
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NTV (Turkey)
NTV is a Turkish nationwide television news channel owned by Doğuş Media Group. It was partnered with MSNBC between May 2000 and 2014. Besides domestic and international news, the channel's programming includes documentaries, as well as programs on finance, arts and culture, lifestyle, and sports. History NTV was founded in 1996 as a subsidiary of Cavit Çağlar's Nergis Group (hence the original full name of Nergis TV) and as the first news channel of Turkey. In January 1999, the channel became part of Doğuş Group. The success of NTV changed the Turkish media industry and started the era of thematic TV channels. In June 2013, NTV's lack of coverage on the Gezi Park protests saw protests in front of its head office in Istanbul, and the resignation of some NTV staff in protest. The CEO of Doğuş Media Group, Cem Aydın, conceded that the criticisms were "fair to a large extent", and that "our audience feels like they were betrayed". Shortly after his comments, Aydın left D ...
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Banks Established In 1927
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. Because 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 anc ...
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Companies Based In Denizli
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "arti ...
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