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Istanbul Financial Center
Building in Istanbul, Turkey From Wikipedia, the free encyclopedia
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The Istanbul Financial Center (IFC),[a] is a financial district serving banks, autonomous public institutions, multi-national companies and their related back offices and service firms.[4]
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Located on the Asian side of Istanbul in the Ümraniye district, the IFC is intended to consolidate various financial institutions, services, and infrastructures within a designated area to promote collaboration, efficiency, and growth within the financial sector. Approximately 100 thousand employees work in the IFC.[5]
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Development
The concept of the Istanbul Financial Center emerged in the early 2000s as part of Turkey's broader economic vision to elevate its status in the global financial arena. The project gained momentum with the formal announcement by the Turkish government in 2009.[6] In 2023, the opening ceremony of the Istanbul Financial Center was held.[7]
Location
Situated between Ümraniye and Ataşehir districts on the Anatolian side of Istanbul.
Components
The Istanbul Financial Center comprises several components designed to accommodate diverse financial activities and services.[8] Regulatory agencies such as the Banking Regulation and Supervision Agency (BRSA) and the Capital Markets Board of Turkey (CMB) have a presence in the IFC. The center hosts national banks, investment firms, asset management companies, and other financial institutions.[citation needed]
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See also
References
Notes
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