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Coordinates: 41°01′26″N 28°58′25″E / 41.02391°N 28.97372°E / 41.02391; 28.97372
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Expanded location/transport info. Updated to indicate change of street use for tourism. Moved various sentences to create cohesive History heading. Added Attractions head and expanded to include ref to best contemporary book on the street.
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[[File:Bankalar Caddesi Şubat 2012.jpg|thumb|Bankalar Caddesi was Istanbul's financial centre during the Ottoman period. Completed in 1892, the Ottoman Central Bank headquarters is the large building at right.]]
[[File:Bankalar Caddesi Şubat 2012.jpg|thumb|Bankalar Caddesi was Istanbul's financial centre during the Ottoman period. Completed in 1892, the Ottoman Central Bank headquarters is the large building at right.]]


'''Bankalar Caddesi''' ([[English language|English]]: ''Banks Street''), alternatively known as '''Voyvoda Caddesi''' ([[English language|English]]: ''[[Voivode]] Street''), located in the historic [[Galata]] quarter (present-day [[Karaköy]]) within the district of [[Beyoğlu]] (Pera) in [[Istanbul]], [[Turkey]], was the financial centre of the [[Ottoman Empire]].
'''Bankalar Caddesi''' (''Banks Street''), also known as '''Voyvoda Caddesi''' (''[[Voivode]] Street''), in the historic [[Galata]] quarter (present-day [[Karaköy]]) of the district of [[Beyoğlu]] (Pera) in [[Istanbul]], [[Turkey]], was the financial centre of the late [[Ottoman Empire]]. It strikes out west from busy Kemeraltı Caddesi in Karaköy and segues into Okçu Musa Caddesi which leads up to Şişhane and Tepebaşı in Beyoğlu.

Although most of the grand 19th-century buildings that line both sides of the street have survived into the 21st century they are increasingly being converted into hotels, restaurants and cultural centres.

⚫
The southern stop of [[Tünel]] (1875), the world's second oldest subterranean railway line after London's [[London Underground|Underground]] (1863), is just minutes' walk away from the eastern end of Bankalar Caddesi. The Karaköy tram stop on the T1 line is also very close to the start of the street.


[[File:Bankalar Caddesi in the 1920's.jpg|thumb|left|Bankalar Caddesi (c. late 1920s) by [[Jean Pascal Sébah|Sébah & Joaillier]]. The Ottoman Central Bank Building (1892) is seen at left.]]
[[File:Bankalar Caddesi in the 1920's.jpg|thumb|left|Bankalar Caddesi (c. late 1920s) by [[Jean Pascal Sébah|Sébah & Joaillier]]. The Ottoman Central Bank Building (1892) is seen at left.]]
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[[File:Ottoman Banks Archives and Research Centre.jpg|thumb|The Ottoman Bank Archives and Research Centre, former head office of the Ottoman Bank, [[Ottoman Constantinople|Constantinople]].]]
[[File:Ottoman Banks Archives and Research Centre.jpg|thumb|The Ottoman Bank Archives and Research Centre, former head office of the Ottoman Bank, [[Ottoman Constantinople|Constantinople]].]]


== History ==
⚫
The street is mentioned with the name ''Voyvoda Yolu'' ([[English language|English]]: ''Voivode Road'') in the 17th century ''[[Seyahatnâme]]'' of [[Evliya Çelebi]].<ref>{{cite web|url=https://www.hurriyet.com.tr/gundem/voyvoda-caddesi-tarihini-buldu-39192675|title=Voyvoda Caddesi tarihini buldu|publisher=[[Hürriyet]]|date=25 October 2000}}</ref> It was the street where the prominent banks, financial institutions and insurance companies had their headquarters during the Ottoman era, including the [[Ottoman Bank|Ottoman Central Bank]] (originally established as the ''Bank-ı Osmanî'' in 1856, and later reorganized as the ''Bank-ı Osmanî-i Şahane'' in 1863)<ref>{{cite web|url=http://www.obarsiv.com/ob-tarih.html |title=Ottoman Bank Museum: History of the Ottoman Bank |publisher=Obarsiv.com |accessdate=2012-12-23 |url-status=dead |archiveurl=https://web.archive.org/web/20120614105241/http://www.obarsiv.com/ob-tarih.html |archivedate=2012-06-14 }}</ref> and the Ottoman Stock Exchange (''Dersaadet Tahvilat Borsası'', established in 1866.)<ref>{{cite web|url=http://www.imkb.gov.tr/genel/tarih.htm |title=Istanbul Stock Exchange: History of the Istanbul Stock Exchange |publisher=Imkb.gov.tr |accessdate=2012-12-23 |url-status=dead |archiveurl=https://web.archive.org/web/20120225094722/http://www.imkb.gov.tr/genel/tarih.htm |archivedate=2012-02-25 }}</ref> These buildings are still used as headquarters or branch offices by banks and other financial institutions.
The street appears as ''Voyvoda Yolu'' (''Voivode Road'') in the 17th-century ''[[Seyahatnâme]]'' of the Ottoman traveller [[Evliya Çelebi]].<ref>{{cite web|url=https://www.hurriyet.com.tr/gundem/voyvoda-caddesi-tarihini-buldu-39192675|title=Voyvoda Caddesi tarihini buldu|publisher=[[Hürriyet]]|date=25 October 2000}}</ref>

⚫
During the late Ottoman the most important banks, financial institutions and insurance companies had their headquarters here. These institutions included the [[Ottoman Bank|Ottoman Central Bank]] (originally established as the ''Bank-ı Osmanî'' in 1856, and later reorganised as the ''Bank-ı Osmanî-i Şahane'' in 1863)<ref>{{cite web|url=http://www.obarsiv.com/ob-tarih.html |title=Ottoman Bank Museum: History of the Ottoman Bank |publisher=Obarsiv.com |accessdate=2012-12-23 |url-status=dead |archiveurl=https://web.archive.org/web/20120614105241/http://www.obarsiv.com/ob-tarih.html |archivedate=2012-06-14 }}</ref> and the '''Ottoman Stock Exchange''' (''Dersaadet Tahvilat Borsası'', established in 1866.)<ref>{{cite web|url=http://www.imkb.gov.tr/genel/tarih.htm |title=Istanbul Stock Exchange: History of the Istanbul Stock Exchange |publisher=Imkb.gov.tr |accessdate=2012-12-23 |url-status=dead |archiveurl=https://web.archive.org/web/20120225094722/http://www.imkb.gov.tr/genel/tarih.htm |archivedate=2012-02-25 }}</ref>

⚫
Bankalar Caddesi continued to serve as Istanbul's main financial district until the 1990s, when the Turkish banks began moving their headquarters to the modern [[central business district]]s of [[Levent]] and [[Maslak]]. In the final decades of the 20th century, the [[Borsa Istanbul|Istanbul Stock Exchange]] moved first to the [[Istanbul 4th Vakıf Han|4th Vakıf Han]] building in [[Sirkeci]], and then in 1995 to its current building in [[İstinye]].<ref>{{cite web |title=Istanbul Stock Exchange: "İMKB’nin Kuruluşundan İtibaren Önemli Gelişmeler" (Timeline of important events since 1985) |url=http://www.imkb.gov.tr/genel/gelismeler.htm |url-status=dead |publisher=Imkb.gov.tr |accessdate=2012-12-23 |archiveurl=https://web.archive.org/web/20120225094814/http://www.imkb.gov.tr/genel/gelismeler.htm |archivedate=2012-02-25}}</ref>

== Attractions ==
The [[Alexander Vallaury|Alexandre Vallaury]]-designed building that once housed the Ottoman Central Bank now belongs to Garanti Bankası and houses the '''Ottoman Bank Museum''' and '''SALT Galata''' which safeguards the archives of the bank and makes them available for research.<ref>{{Cite web |title=SALT {{!}} Kültür, Sanat ve Araştırma Kurumu |url=https://saltonline.org/ |access-date=2022-07-18 |website=saltonline.org}}</ref>


The [[House of Camondo|Camondo Steps]], a curvaceous staircase designed in a unique mix of the [[Baroque Revival architecture|Neo-Baroque]] and early [[Art Nouveau]] styles, and built in circa 1870–1880 by the renowned Ottoman-Venetian Jewish banker [[Abraham Salomon Camondo]], links Bankalar Caddesi with Kart Çınar Sokak.<ref name="Camondo">{{cite web |url=http://www.panoramikistanbul.com/kamondo-merdivenleri-kamondo-steps.html |title=Camondo Steps on Bankalar Caddesi |publisher=Panoramikistanbul.com |date=2009-12-15 |accessdate=2012-12-23 |archive-url=https://web.archive.org/web/20110903235858/http://www.panoramikistanbul.com/kamondo-merdivenleri-kamondo-steps.html |archive-date=2011-09-03 |url-status=dead }}</ref> It was famously photographed by [[Henri Cartier-Bresson]] in 1964<ref>{{Cite web |title=Camondo Stairs of Galata |url=https://www.istanbultravelogue.com/camondo-stairs/ |access-date=2022-07-18 |website=istanbul travelogue |language=en-US}}</ref> and features in [[Barbara Nadel|Barbara Nadel']]<nowiki/>s crime novel, ''Pretty Dead Things.''<ref>{{Cite book |last=Nadel |first=Barbara |title=Pretty Dead Things |publisher=Headline |year=2007 |isbn=978075533563 |edition=1st |location=London |language=English}}</ref>
⚫
The southern stop of [[Tünel]] (1875), the world's second oldest subterranean railway line after London's [[London Underground|Underground]] (1863), is located near the eastern entrance of Bankalar Caddesi.


The [[House of Camondo|Camondo Steps]], a famous pedestrian stairway designed with a unique mix of the [[Baroque Revival architecture|Neo-Baroque]] and early [[Art Nouveau]] styles, and built in circa 1870–1880 by the renowned Ottoman-Venetian Jewish banker [[Abraham Salomon Camondo]], is also located on Bankalar Caddesi.<ref name=Camondo>{{cite web |url=http://www.panoramikistanbul.com/kamondo-merdivenleri-kamondo-steps.html |title=Camondo Steps on Bankalar Caddesi |publisher=Panoramikistanbul.com |date=2009-12-15 |accessdate=2012-12-23 |archive-url=https://web.archive.org/web/20110903235858/http://www.panoramikistanbul.com/kamondo-merdivenleri-kamondo-steps.html |archive-date=2011-09-03 |url-status=dead }}</ref> The steps lead upstairs to the historic ''Rue Camondo'' (present-day ''Banker Sokak'')<ref name=Camondo/> and ''Kart Çınar Sokak'' (the westward extension of ''Banker Sokak'') where the ruins of the [[Republic of Genoa|Genoese]] ''Palazzo del Comune'' (1316), built by Montano de Marinis, the [[Podestà]] of [[Galata]], is located a short walking distance to the left (west) of the stairway, behind the façade of the 1880s ''Bereket Han'' office building on Bankalar Caddesi.<ref>[http://www.obmuze.com/eng/pop_muze_voyvoda_bilgi.asp?sfNo=22 Ottoman Bank Museum: Bereket Han on Bankalar Caddesi] {{webarchive |url=https://web.archive.org/web/20090410141950/http://www.obmuze.com/eng/pop_muze_voyvoda_bilgi.asp?sfNo=22 |date=April 10, 2009 }}</ref>
At the top of the steps on the road running parallel with Bankalar Caddesi are a couple of reminders of the time in the 14th century when this part of Beyoğlu was governed by the [[Genoese colonies|Genoese]]. The most important is the battered relic of the historic [[Republic of Genoa|Genoese]] ''Palazzo del Comune'' (1316), built by Montano de Marinis, the [[Podestà]] of [[Galata]]. It is a short walk to the left (west) of the [[House of Camondo|Camondo Steps]], along what was once the Rue Camondo and is now Kart Çınar Sokak.<ref>[http://www.obmuze.com/eng/pop_muze_voyvoda_bilgi.asp?sfNo=22 Ottoman Bank Museum: Bereket Han on Bankalar Caddesi] {{webarchive |url=https://web.archive.org/web/20090410141950/http://www.obmuze.com/eng/pop_muze_voyvoda_bilgi.asp?sfNo=22 |date=April 10, 2009 }}</ref> In 2022 the building was put up for sale after years of neglect. <ref>{{Cite web |last=Duvar |first=Gazete |date=2022-07-17 |title=Tarihi Podesta Sarayı 7 milyon dolara satışa çıkarıldı |url=https://www.gazeteduvar.com.tr/tarihi-podesta-sarayi-7-milyon-dolara-satisa-cikarildi-galeri-1573632 |access-date=2022-07-18 |website=https://www.gazeteduvar.com.tr/tarihi-podesta-sarayi-7-milyon-dolara-satisa-cikarildi-galeri-1573632 |language=tr-TR}}</ref>


Most of the '''buildings''' along Bankalar Caddesi have magnificent 19th-century facades that are being speedily renovated in the service of tourism at the start of the 21st century. The most comprehensive survey of these buildings was carried out for an exhibition in 2000 and the information was published in a comprehensively illustrated book called ''Bankalar Caddesi: Voyvoda Street from Ottoman Times to Today,'' edited by historian [https://hist.boun.edu.tr/people/edhem-eldem Edhem Eldem]. <ref>{{Cite book |last=Eldem |first=Edhem |title=Bankalar Caddesi: Voyvoda Street from Ottoman Times to Today |publisher=Osmanlı Bankası Bankacılık ve Finans Tarihi Arıştırma ve Belge Merkezi |year=2000 |isbn=9759369206 |edition=1st |location=Istanbul |language=English and Turkish}}</ref>
⚫
Bankalar Caddesi continued to be Istanbul's main financial district until the 1990s, when most Turkish banks began moving their headquarters to the modern [[central business district]]s of [[Levent]] and [[Maslak]]. In the final decades of the 20th century, the [[Borsa Istanbul|Istanbul Stock Exchange]] moved first to the [[Istanbul 4th Vakıf Han|4th Vakıf Han]] building in [[Sirkeci]], and in 1995 to its current building in the [[İstinye]] quarter of the [[Sarıyer]] district.<ref>{{cite web|url=http://www.imkb.gov.tr/genel/gelismeler.htm |title=Istanbul Stock Exchange: "İMKB’nin Kuruluşundan İtibaren Önemli Gelişmeler" (Timeline of important events since 1985) |publisher=Imkb.gov.tr |accessdate=2012-12-23 |url-status=dead |archiveurl=https://web.archive.org/web/20120225094814/http://www.imkb.gov.tr/genel/gelismeler.htm |archivedate=2012-02-25 }}</ref>


==Gallery==
==Gallery==

Revision as of 20:06, 18 July 2022

Bankalar Caddesi was Istanbul's financial centre during the Ottoman period. Completed in 1892, the Ottoman Central Bank headquarters is the large building at right.

Bankalar Caddesi (Banks Street), also known as Voyvoda Caddesi (Voivode Street), in the historic Galata quarter (present-day Karaköy) of the district of Beyoğlu (Pera) in Istanbul, Turkey, was the financial centre of the late Ottoman Empire. It strikes out west from busy Kemeraltı Caddesi in Karaköy and segues into Okçu Musa Caddesi which leads up to Şişhane and Tepebaşı in Beyoğlu.

Although most of the grand 19th-century buildings that line both sides of the street have survived into the 21st century they are increasingly being converted into hotels, restaurants and cultural centres.

The southern stop of Tünel (1875), the world's second oldest subterranean railway line after London's Underground (1863), is just minutes' walk away from the eastern end of Bankalar Caddesi. The Karaköy tram stop on the T1 line is also very close to the start of the street.

Bankalar Caddesi (c. late 1920s) by Sébah & Joaillier. The Ottoman Central Bank Building (1892) is seen at left.
Bankalar Caddesi in 2016
The Ottoman Bank Archives and Research Centre, former head office of the Ottoman Bank, Constantinople.

History

The street appears as Voyvoda Yolu (Voivode Road) in the 17th-century Seyahatnâme of the Ottoman traveller Evliya Çelebi.[1]

During the late Ottoman the most important banks, financial institutions and insurance companies had their headquarters here. These institutions included the Ottoman Central Bank (originally established as the Bank-ı Osmanî in 1856, and later reorganised as the Bank-ı Osmanî-i Şahane in 1863)[2] and the Ottoman Stock Exchange (Dersaadet Tahvilat Borsası, established in 1866.)[3]

Bankalar Caddesi continued to serve as Istanbul's main financial district until the 1990s, when the Turkish banks began moving their headquarters to the modern central business districts of Levent and Maslak. In the final decades of the 20th century, the Istanbul Stock Exchange moved first to the 4th Vakıf Han building in Sirkeci, and then in 1995 to its current building in İstinye.[4]

Attractions

The Alexandre Vallaury-designed building that once housed the Ottoman Central Bank now belongs to Garanti Bankası and houses the Ottoman Bank Museum and SALT Galata which safeguards the archives of the bank and makes them available for research.[5]

The Camondo Steps, a curvaceous staircase designed in a unique mix of the Neo-Baroque and early Art Nouveau styles, and built in circa 1870–1880 by the renowned Ottoman-Venetian Jewish banker Abraham Salomon Camondo, links Bankalar Caddesi with Kart Çınar Sokak.[6] It was famously photographed by Henri Cartier-Bresson in 1964[7] and features in Barbara Nadel's crime novel, Pretty Dead Things.[8]

At the top of the steps on the road running parallel with Bankalar Caddesi are a couple of reminders of the time in the 14th century when this part of Beyoğlu was governed by the Genoese. The most important is the battered relic of the historic Genoese Palazzo del Comune (1316), built by Montano de Marinis, the Podestà of Galata. It is a short walk to the left (west) of the Camondo Steps, along what was once the Rue Camondo and is now Kart Çınar Sokak.[9] In 2022 the building was put up for sale after years of neglect. [10]

Most of the buildings along Bankalar Caddesi have magnificent 19th-century facades that are being speedily renovated in the service of tourism at the start of the 21st century. The most comprehensive survey of these buildings was carried out for an exhibition in 2000 and the information was published in a comprehensively illustrated book called Bankalar Caddesi: Voyvoda Street from Ottoman Times to Today, edited by historian Edhem Eldem. [11]

  • Camondo Steps at Bankalar Caddesi
    Camondo Steps at Bankalar Caddesi
  • Bankalar Caddesi, detail at No. 5
    Bankalar Caddesi, detail at No. 5
  • Bankalar Caddesi, detail at No. 11
    Bankalar Caddesi, detail at No. 11
  • Minerva Office Building at the entrance of Bankalar Caddesi
    Minerva Office Building at the entrance of Bankalar Caddesi

References and notes

  1. ^ "Voyvoda Caddesi tarihini buldu". Hürriyet. 25 October 2000.
  2. ^ "Ottoman Bank Museum: History of the Ottoman Bank". Obarsiv.com. Archived from the original on 2012-06-14. Retrieved 2012-12-23.
  3. ^ "Istanbul Stock Exchange: History of the Istanbul Stock Exchange". Imkb.gov.tr. Archived from the original on 2012-02-25. Retrieved 2012-12-23.
  4. ^ "Istanbul Stock Exchange: "İMKB'nin Kuruluşundan İtibaren Önemli Gelişmeler" (Timeline of important events since 1985)". Imkb.gov.tr. Archived from the original on 2012-02-25. Retrieved 2012-12-23.
  5. ^ "SALT | Kültür, Sanat ve Araştırma Kurumu". saltonline.org. Retrieved 2022-07-18.
  6. ^ "Camondo Steps on Bankalar Caddesi". Panoramikistanbul.com. 2009-12-15. Archived from the original on 2011-09-03. Retrieved 2012-12-23.
  7. ^ "Camondo Stairs of Galata". istanbul travelogue. Retrieved 2022-07-18.
  8. ^ Nadel, Barbara (2007). Pretty Dead Things (1st ed.). London: Headline. ISBN 978075533563. {{cite book}}: Check |isbn= value: length (help)
  9. ^ Ottoman Bank Museum: Bereket Han on Bankalar Caddesi Archived April 10, 2009, at the Wayback Machine
  10. ^ Duvar, Gazete (2022-07-17). "Tarihi Podesta Sarayı 7 milyon dolara satışa çıkarıldı". https://www.gazeteduvar.com.tr/tarihi-podesta-sarayi-7-milyon-dolara-satisa-cikarildi-galeri-1573632 (in Turkish). Retrieved 2022-07-18. {{cite web}}: External link in |website= (help)
  11. ^ Eldem, Edhem (2000). Bankalar Caddesi: Voyvoda Street from Ottoman Times to Today (in English and Turkish) (1st ed.). Istanbul: Osmanlı Bankası Bankacılık ve Finans Tarihi Arıştırma ve Belge Merkezi. ISBN 9759369206.{{cite book}}: CS1 maint: unrecognized language (link)
Wikimedia Commons has media related to Bankalar Caddesi.

41°01′26″N 28°58′25″E / 41.02391°N 28.97372°E / 41.02391; 28.97372

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