Library reopened in August 2010 after a serious refurbishment programme. It was then closed for refurbishment and reopened in November 2011 as the Galata site of SALT, a cultural institution that is funded by Garanti Bank, complementing SALT’s different Istanbul site on İstiklal Avenue, formerly Platform Garanti Contemporary Art Center. The Ottoman Bank (from 1856) and then the BIO (from 1863) have been initially established on the highest floor of Saint Pierre Han, a commercial facility that was a dependency of the Church of Saints Peter and Paul in Galata.

In 1868, the Ottoman Bank confronted its first severe competitor with the creation of Crédit Général Ottoman, a rival institution sponsored by France’s Société Générale and several Galata bankers including the Tubini family but additionally Christakis Zografos and Stefanos Zafiropoulo, who had been the BIO’s partners in the SGEO enterprise. In the BIO’s core area of operations, the Turkish War of Independence disrupted its business till the return of peace with the Treaty of Lausanne in July 1923.

In the course of the struggle, the BIO endeavored to maintain a place of neutrality and instructed its branches to cooperate with whichever forces had been in control of the territory, newest vapor whereas temporarily closing them if the local situations made business entirely not possible. Meanwhile, the BIO endeavored to implement its role of treasurer below the convention of February 1875, which in precept was nonetheless applicable, in a restricted variety of places resembling Bursa, Damascus, Edirne, Salonica, Vapor Starter Kits and vape best seller Smyrna.

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