Ziraat Bankası is a state-owned bank in

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula ...

founded in

1863 Events January–March * January 1 – Abraham Lincoln signs the Emancipation Proclamation during the third year of the American Civil War, making the abolition of slavery in the Confederate states an official war goal. It proclaim ...

. Offers commercial loan support to companies and tradesmen, as well as personal loans such as consumer loans, vehicle loans and housing loans.

History

During the first half of the 19th century, with the adoption of western models of trade and finance, foreign banks began their activities in the Ottoman Empire. At that period, there was not enough capital to found a national banking system and no one could mention the existence of national banks as a source of capital. This situation was more harmful to farmers because they made up the majority of the population, and since they did not have any institutional financial structure to which to apply, they had to borrow money from the usurers with high interest rates. Under these conditions, the governor of

Niš Niš (; sr-Cyrl, Ниш, ; names in other languages) is the third largest city in Serbia and the administrative center of the Nišava District. It is located in southern part of Serbia. , the city proper has a population of 183,164, whi ...

province of the

Ottoman Empire The Ottoman Empire, * ; is an archaic version. The definite article forms and were synonymous * and el, Оθωμανική Αυτοκρατορία, Othōmanikē Avtokratoria, label=none * info page on book at Martin Luther University ...

Midhat Pasha Ahmed Şefik Midhat Pasha ( ota , احمد شفيق مدحت پاشا, 18 October 1822 – 26 April 1883) was an Ottoman democrat, kingmaker and one of the leading statesmen during the late Tanzimat period. He is most famous for leading the O ...

(1822–1884) began to take the first steps to overcome these difficulties in 1863 and achieved the reorganization of Memleket Sandığı (''Homeland Funds''), which became a law with Homeland Funds Regulations in 1867. Homeland Funds was the first agricultural financial institution founded by the state and operated with a state guarantee. In 1888, Homeland Funds was renamed Ziraat Bankası ( en, Agriculture Bank), and Ziraat Bank's head office in

Istanbul ) , postal_code_type = Postal code , postal_code = 34000 to 34990 , area_code = +90 212 (European side) +90 216 (Asian side) , registration_plate = 34 , blank_name_sec2 = GeoTLD , blank_i ...

began to function. The Greco-Turkish War between 1919 and 1922 affected the bank's policy. The Greek liberation forces opened a Ziraat Bank Management Center in

İzmir İzmir ( , ; ), also spelled Izmir, is a metropolitan city in the western extremity of Anatolia, capital of the province of the same name. It is the third most populous city in Turkey, after Istanbul and Ankara and the second largest urban aggl ...

and occupied branches and funds were taken to the new Center's management. On the other hand, the

Turkish Grand National Assembly The Grand National Assembly of Turkey ( tr, ), usually referred to simply as the TBMM or Parliament ( tr, or ''Parlamento''), is the unicameral Turkish legislature. It is the sole body given the legislative prerogatives by the Turkish Const ...

charged the

Ankara Ankara ( , ; ), historically known as Ancyra and Angora, is the capital of Turkey. Located in the central part of Anatolia, the city has a population of 5.1 million in its urban center and over 5.7 million in Ankara Province, maki ...

branch of Ziraat Bank with the management of branches and funds. With the Liberation of İzmir by Turkish forces on September 9, 1922, the İzmir organization was re-unified with the Ankara branch; and on October 23, the Istanbul organization too was re-unified with the Ankara branch. After the

Turkish War of Independence The Turkish War of Independence "War of Liberation", also known figuratively as ''İstiklâl Harbi'' "Independence War" or ''Millî Mücadele'' "National Struggle" (19 May 1919 – 24 July 1923) was a series of military campaigns waged by th ...

ended in late 1923, Ziraat Bank became a united entity once again. Since the 1930s Ziraat played an important role in financing agricultural mechanisation in Turkey, which in the postwar period benefitted from support from the US Marshall Plan. In 1993, Ziraat Bank Moscow, Kazakhstan Ziraat International Bank (KZI Bank), Turkmen Turkish Commercial Bank (TTC Bank), and Uzbekistan Turkish Bank (UT Bank) and in 2008 Ziraat Bank Greece were founded and started to operate. In 2001, Emlak Bankası wholly merged into Ziraat Bank.

References

External links

Official Website

History

See also

References

External links

Further reading